Having a credit card is a big responsibility, and oftentimes, this responsibility is not clear to college students. So before you sign up for a student credit card, reflect and determine if you can already handle such a powerful tool. Here are some questions to ask yourself before sealing the deal.

Am I ready? Financial preparedness should not be your only consideration when deciding whether or not to get a student credit card. More importantly, you should be mature enough to realize the seriousness of student credit and how it will affect your spending patterns and future credit stability.

Ask yourself if you are ready to start building your financial records. Keep in mind that how you use your student credit card will be reflected in your credit reports, which you need to keep healthy so that you can be qualified for bigger credit lines and loans in the future. Misuse of your card can permanently tarnish your credit history, disallowing you from taking out mortgage loans, business loans, car loans, etc. in the future.

Will I be able to pay the dues correctly and on time? Look at your current cash flow and assess whether you have enough to repay the charges you will make on your card. Write everything down