Secured credit cards A world to learn
That means you are unlikely to get tempting offers of 0% for 6 months and 2% returns on all purchases (and please don't look at the real interest rate) unless you know where to sign up for credit card offers. Since on campus solicitations are about to be restricted as well, you won't receive as many credit card offers of any kind unless you make a point of signing up for junk mail. The changes are designed to discourage young creditors from signing up for credit cards on impulse and getting caught in a cycle of easy credit and easy spending. In itself, that's laudable; studies show that college students already graduate from college with a heavy burden of credit card debt, and many college dropouts cite the inability to keep up with debt payments as a reason for leaving school and taking a job. But our system of credit relies on people's credit histories, rewarding people for long histories and penalizing them for nonexistent or short histories.