Credit card video: New rules for credit cards on campus

By Tyler Metzger

The Credit CARD Act of 2009 limits credit card access for people under 21 years of age. Young adults will have to get a parent to co-sign for them, or show proof they can repay the debt, in order to get a credit card. Also, credit card marketing will be limited on campus.

CreditCards.com talked to students at the University of Texas at Austin to get their reaction to new law. The portion affecting students takes effect in February of 2010.

Updated: September 28, 2009

	Three most recent Credit card videos stories: Credit card video: 3 fun ways to wrap a gift card – Spice up those impersonal gift cards this holiday season with some fun, creative gift wrapping suggestions. Cynthia Drake with CreditCards.com offers some inexpensive and easy ways to make those presents more exciting ... Credit card video: How to pick the right credit counseling agency – Erica Sandberg, columnist for CreditCards.com, explains what to expect when you visit a credit counseling agency. She also describes what you should look for in a credit counselor and how to find one that is right for you ... Credit card video: How to avoid arguments when sharing credit – Personal finance columnist Erica Sandberg discusses why there are problems when it comes to sharing credit. She also gives solutions for couples having problems and tips on what to discuss so you can avoid any arguments ...

	CreditCards.com's newsletter Did you like this story? Then sign up for CreditCards.com’s weekly e-newsletter for the latest news, advice, articles and tips. It's FREE. Once a week you will receive the top credit card industry news in your inbox. Sign up now!