Credit Cards > Credit Card News > See what students across the U.S. say about changing credit card rules on campus
Students wary of new law restricting their access to credit cards
Nationwide survey of campuses finds some welcome the oversight, some decry it
By Tyler Metzger
For years, credit card issuers have lavished attention on students. As potentially lucrative lifetime customers, they were courted -- throughout the campus and especially near the football stadium -- with T-shirts and pizzas and hats, for which many eagerly filled out credit card applications.
Those rules changed for good with the passage of credit card reform in May 2009. No longer the most coveted credit card consumers, students and all adults under 21 instead will see their access to credit restricted -- no credit cards without proof of income or a co-signer -- beginning in February 2010, when the new law kicks in. That makes the autumn of 2009 the last hurrah for card issuers under the old, unrestricted rules.
CreditCards.com gathered dispatches from campuses across the United States to gather how card marketing has changed on campus -- and how the students are reacting. Use the map below to find out what students are saying.
Big changes on campus: Students meet credit card reform
Rate survey: Credit card APRs unchanged as holidays near – Interest rates on new credit card offers remained unchanged this week as banks took their traditional Thanksgiving break from changing rates, according to the CreditCards.com Weekly Credit Card Rate Report ...
Rate survey: Credit card interest rates hold steady – The average interest rate on a new credit card offer stayed static this week, according to the CreditCards.com Weekly Credit Card Rate Report. However, that doesn't mean that all of the nation's largest credit card issuers were sitting on their hands ...
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