Credit cards for bad credit, reviewing the basics
Banks have a tradition on many campuses. At a campus in Michigan, Bank of America has a relationship with the college that grants it the right to use student enrollment lists. The university gets a kick back for students who open credit cards with the company. Some relationships between banks and academic institutions even give bigger incentives for those student credit cards that regularly maintain balances. These mutually beneficial relationships put students in the middle at a time when many of them are not yet able to budget or fully appreciate the long term effects of debt.