Credit cards and college campuses

Back when I was a young person (a long time ago), it was actually quite difficult to obtain a credit card. I remember being turned down for credit card after credit card because I did not have an established credit record, and finally the only provider that would give me a credit card was the bank where I held my checking account. I remember being quite proud of my new credit card, and quite anxious to give it a try.

These days, however, it seems that credit cards are available just about everywhere. Credit card offers just continue to pile up, and even the newly bankrupt report being inundated with unwanted solicitations for credit cards. One segment of the population that is being showered with offers for easy credit are college students.

While at one time, few banks would have even considered giving a credit card to a college student with no credit history and little experience handling money, these days it seems banks everywhere have discovered just how lucrative this part of the population really is.

And college students have proven to be quite valuable consumers indeed. Whether because of their low level of experience or in spite of it, spending by college students with newly minted credit cards is on the rise, and this trend is likely to continue.

Credit card companies often offer students free gifts, low introductory interest rates and other such perks to get them to take their credit cards, but often the only thing that is needed is the offer of the credit card itself.

Of course this situation can be either a great deal, or a great deal of trouble for college students and their families, depending on how those students use the credit they have been granted. It is a good idea for any college student considering a credit card offer to examine the fine print, and to charge no more than can be paid off at the end of the month. It is also a good idea for parents to sit down with their children before they head off to college, and that they discuss finances and money matters before the temptation of that first credit card hits home.

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