My blogging passion about low interest 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 offers are really "exclusive" to a small, hand picked group consisting of every student the credit card company could find, but no one would know that without being told.