ADVERTISEMENT

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


Join the discussion
We encourage an active and insightful conversation among our users. Please help us keep our community civil and respectful. For your safety, do not disclose confidential or personal information such as bank account numbers or social security numbers. Anything you post may be disclosed, published, transmitted or reused.

If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.

The editorial content on CreditCards.com is not sponsored by any bank or credit card issuer. The journalists in the editorial department are separate from the company's business operations. The comments posted below are not provided, reviewed or approved by any company mentioned in our editorial content. Additionally, any companies mentioned in the content do not assume responsibility to ensure that all posts and/or questions are answered.




Follow Us


Updated: 10-01-2016


Weekly newsletter
Get the latest news, advice, articles and tips delivered to your inbox. It's FREE.


ADVERTISEMENT