A place to write about student credit cards
Credit card companies target college students, sponsoring campus events, handing out freebies, and papering the campus with attractive promotional offers that aren't quite so shiny six months later when the grace period ends. Companies are stunningly successful at getting students to accept cards and to use them: A study found that students left college in New York with an average of four credit cards and more than three thousand dollars of credit card debt. How can you keep the same trap from closing over the head of your own son or daughter? * Teach them to be suspicious of any offer that flatters them. Student credit cards make students feel like they're important by claiming that their offers are exclusive, for only the most select customers, or best of all, "a special offer just for you. " The select customers consist of 19,000 of the 20,000 students on campus (and the credit card company would have sent offers to the other thousand if it just had their addresses), but most new customers wouldn't realize that without being told.