What primary benefit does keeping a credit card through college provide according to financial advice?

Keeping a credit card through college primarily helps in improving a credit score over time. This is particularly important for young adults starting their financial journeys, as a good credit score is crucial for many future financial activities, such as applying for loans, renting an apartment, or purchasing a car. Maintaining a credit card account allows students to establish a credit history, which is an essential factor in credit scoring models.

Timely payments on the credit card also contribute positively to the credit score, fostering responsible credit behavior that can aid students in building a solid financial foundation. Over time, consistent usage and payment of credit card balances can demonstrate creditworthiness to lenders, making it easier for individuals to secure favorable interest rates and better financing options in the future. This long-term benefit underscores why credit cards are often recommended for college students as a tool for developing healthy financial habits and a strong credit profile.