Use a personal line of credit from Santander Bank to fund your dreams.

Ways to Build Credit

Going off to college often means you’re on your own for the first time, and you want to start out on the right foot. Establishing a good credit history is something you don’t want to overlook. People usually talk about needing good credit when they’re ready to buy a car or a home, and that’s true, but having good credit will help you now, too.

For example, you may decide to consolidate your student loans after you graduate. If so, you’ll want to be eligible for the lowest possible interest rate in order to keep your monthly payments down. You’ll also be applying for jobs and looking for a place to live. Employers and landlords may take your credit report and credit score into consideration before making decisions about hiring you or renting to you, so you want your credit history to demonstrate you’re responsible beyond your winning smile.

One of the simplest ways to build good credit is to pay your monthly bills on time, including utilities: gas, electric, cable/internet, and phone. If you pay a bill late, it can negatively affect your credit score for up to 7 years. Establishing good payment behavior from the start will give you better borrowing options when you’re ready for those larger purchases like buying a car or investing in your first home.    

How to Build Credit as a College Student

College Students and Credit Cards

Credit card offers may be coming in, and credit cards are useful for making all kinds of purchases. But before you start filling out applications, make sure you understand the two-way commitment. Review the offers available, and then choose the card that offers benefits that meet your needs, like low interest rates and a rewards program. Once you receive your credit card, watch your spending. A good rule to follow is to purchase only what you can afford to pay off each billing cycle. Remember, using a credit card can help you establish good credit as long make monthly, on-time payments.

Additionally, your credit card utilization rate can impact your credit score. If you are using a large part of your credit limit each month, it may negatively impact your credit score.

Learn more about our credit cards.

Check out our credit cards and see which one aligns with your goals. If you love getting cash back and hate paying transaction fees, Santander® Ultimate Cash Back® credit card may be right for you. 

If you're looking for great options to save on interest, our Sphere card may be right for you. It has great introductory offers on balance transfers and purchases.***

Learn More About our Credit Cards

Learn More About All Our Student Resources


May We Also Suggest?

1 Other fees may apply, including a Paper Statement fee, if you elect to receive paper statements. Refer to your fee schedule for details.

2 No Monthly Fee for Santander® Savings with any consumer Santander checking account or with $100 average daily balance in the Santander® Savings account (otherwise, $1.00). All other fees apply.

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