Wanting or needing credit isn’t always as simple as filling out an application. Even college students, who have a lot of financial services marketed to them, may face obstacles when trying to get a credit card.
Why? A lot of it comes down to their credit history — or lack thereof. The length of your credit history has an impact on your credit scores — the longer your history of responsible credit usage, the better. Many 18-year-olds heading to college don’t have any credit history, which makes them an unknown to many lenders who may not be as willing to approve them for a credit card.