When is the right time to retire a student credit card?

Credit card companies on college campuses are as much a part of the new school year as the homecoming game. But what happens when you graduate and find yourself still carrying that low-limit, high interest student card? Do you need an “adult” card or will the old one do just fine?

Experts say it’s best to keep the college accounts open — even if you don’t use them anymore. No matter whether your credit experience as a teenager was positive or negative, it’s best to establish a credit history and even better to keep one or two cards open for a long time.

Source:- creditcards

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