A place to write about student credit cards
The bill also limits sales gimmicks, so students are not wooed into applying for credit cards just to get the free pizza or shirt. Lawmakers believe restrictions in the bill will help protect students from making poor financial decisions that could have long term consequences. Credit cards can be a useful financial tool, if used appropriately, and legislators want to give students a chance to make sound decisions about those cards. The state of the current economy has left many consumers reevaluating their spending habits and credit behaviors. The years of a booming real estate market and economy left some feeling they could spend freely without consequence.