These tips from financial experts can help you maxi- mize financial tools like credit cards throughout life’s milestones. College Years For many, college represents the first instance of being responsible for personal finances. During this time, some students apply for their first credit cards to cover a wide range of costs such as books or travel expenses to and from school. Experts agree it’s important to start building credit at this age, but only if you can handle the re- sponsibility associated with a credit card. “Though credit can be a somewhat foreign topic for beginners, online resources such as Bank of America’s Better Money Habits offers tips to help young adults learn about things like how your credit score is calculated, the difference between a credit report and credit score and explains why it’s important to understand before signing up for a credit card,” said Lysandra Perez, a relationship manager for Bank of America who is responsible for educating cli- ents on establishing strong financial habits including managing and building credit.” According to, an important rule for build- ing strong credit is to spend no more than 30 percent of your avail- able credit line. The online resource also recommends that students look for credit cards that offer low interest rates and no annual fee to help minimize finance charges if they aren’t able to pay their bills in full each month. “Establishing strong financial habits early on can help set you up for future credit opportunities later in life,” Perez said. Early Adulthood As people become more established professionally, they often be- come more comfortable financially, allowing them to pursue their passions. Using a credit card that offers rewards tied to interests is a strategy some young adults utilize. According to a Bank of America survey, 91 percent of Millennials ages 23-29 plan to use a rewards card to help pay for upcoming travel. “It’s common for people in their mid-to-late 20s to prioritize maxi- Continue to Next Page