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Credit card reform
How credit card reform will impact you

How the Credit CARD Act affects young adults under 21

How credit card reform impacts young adults under 21Card issuers won't be able to pounce on young adults any longer with offers of freebies for a credit card application. There's a trade-off, though -- young adults will see their access to credit sharply curtailed and their ability to start building credit postponed until they're older.

The law may force parents, children to talk about credit cards-- The new Credit CARD Act of 2009 limits issuing and marketing creditcards to people under 21. It may mean more parents will have to discussmanaging credit with their children ... (more)

A credit card contract for parents, adult children-- This downloadable contract between parents and their young adultchildren about credit card use can be a starting point for talks aboutco-signing for a credit card ... (more)

College students love, hate new credit card law -- College students across the country praise and condemn a new lawthat will restrict issuing credit cards to anyone under 21 beginning inFebruary 2010 ... (more)

Law alters cozy relationship between colleges, credit card issuers-- New credit card legislation will change the cozy relationshipsbetween banks and colleges -- and mean less free pizza for students... (more)

Credit card video: New rules for credit cards on campus-- CreditCards.com talked to students at the University of Texas atAustin to get their reaction to upcoming laws that limit credit cardaccess for people under 21 years of age ... (more)

Students, credit cards and the new reform law: The fine print-- Credit cards and college students: How the new law changes the marketing of and access to credit cards for young adults ... (more)

Students react to new laws limiting their access to credit cards-- We talked to college students at the University of Texas at Austinand the University of Missouri to get their reaction to new lawsrestricting their access to credit cards. Their opinions varied widely.Click through to see their reactions ... (more)

Students wary of new law restricting their access to credit cards-- Young adults will see their access to credit restricted due tothe Credit CARD Act of 2009; we surveyed campuses to see how studentssay it will affect them ... (more)

Fed: Credit card issuers stay far away from college campus -- Under newly issued federal regulations, card issuers have to stay at least 1,000 feet away from campus ... (more)

Credit card marketers drop out of college-- Fall 2009 was credit card issuers' last unfettered chance to sign upstudents. Rather than give an all-out marketing blitz, issuers were already pulling back ... (more)

Piggybacking meant to jumpstart credit may backfire-- Becoming an authorized user on a parent, guardian or other adult'scredit card account can have rewards as well as pitfalls. Bad paymenthabits of the account holder can ruin the authorized user's creditscore ... (more)

Co-signed credit cards: Unloved option poised for comeback?-- Experts say they're a headache, issuers rarely offer it, yet theco-signed credit card may be making a comeback as a more-regulatedindustry searches for its lost profits ... (more)

4 questions to ask before you co-sign on a credit card-- Explore alternatives and find out what you're in for with thesequestions for anyone who asks you to be a co-signer on a credit card orother loan. ... (more)

See related: How the Credit CARD Act affects consumers, How the Credit CARD Act affects gift cards, A comprehensive guide to the Credit CARD Act of 2009, Complete archive of Credit CARD Act articles 

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Credit Card Rate Report

Updated: 08-30-2014

National Average 15.06%
Low Interest 10.37%
Balance Transfer 12.73%
Business 12.80%
Student 13.27%
Cash Back 14.94%
Reward 15.04%
Airline 15.46%
Bad Credit 22.73%
Instant Approval 28.00%