If you are attending college, you well know that it cost a lot of money. Even with student loans, scholarships and help from parents, making ends meet near the semester’s end can be stressful. While traditionally students have been known as poor as church mice, it is always nice to have a backup plan in your corner for emergency expenses.

Student credit cards can deliver when you find yourself in a tight moment. Not only are credit cards good to have on hand for emergencies, but by holding one you also build credit fast. Student credit cards have several perks, and by understanding what you can get out of your credit card you become a savvy consumer.

Having at least one credit card as a student is beneficial to your long term buying power since you will be building a good credit history. When you are ready to purchase a car or house, your payment history on your smaller debts will be an important factor. By paying on time each month, you can save yourself thousands of dollars with a better interest rate.

Credit cards are also nice to have in the event of a family emergency or vehicle breakdown. Keeping a credit card on hand when you are unable to work full time will provide a safety net if you need some quick access to funding. Of course, you must keep your balance low to save for an emergency. Being aware of available credit is a good lesson to learn early on.

College credit cards will often offer rewards. Look into the different types of cards to find the one that fits your lifestyle best. If you are using your card to make purchases, find a card that offers points. You may be able to earn free books, music, or other merchandise with the purchases you normally make. This makes a welcome incentive for students who often sacrifice on the finer things during school.

Cash back rewards are also an option. Make sure you know how the cash back is earned. If you are good at paying your monthly expenses, use your card to pay your bills and get cash back. Depending on what card, you can earn between 1-5%. Some of these cards have restrictions on where you can shop, but pick somewhere that you shop anyway and get a benefit for spending.

If you have soft spot for a certain charity, find a card that will give a donation to you cause when you use it. You can find cards that will donate to green causes, literacy, animal rights or medical research. What an easy way to ensure you are doing your part to help your cause.

Make sure that no matter what card you use that you read all the terms and conditions. Understanding what you are getting into will prevent you from making a decision based on the short term. The important factor is the long term interest rate and benefits. Save money by not getting a credit card out of necessity, but out of thoughtful research. This will be the beginning of strong financial choices.