Student credit cards and young credit

Students wary of new law restricting their access to credit cards


Young adults will see their access to credit due restricted more than anyone else due to the Credit CARD Act of 2009.

The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Please review our list of best credit cards, or use our CardMatch™ tool to find cards matched to your needs.

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.

Big changes on campus: Students meet credit card reform

See related:A comprehensive guide to the Credit CARD Act of 2009

Editorial Disclaimer

The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. It has not been provided or commissioned by the credit card issuers. However, we may receive compensation when you click on links to products from our partners.

What’s up next?

In Student credit cards and young credit

Southern Cal students opine on new credit card law

USC students have seen parents and friends handle, and mishandle, their cards. Those students say that if the law means fewer people get in trouble with their cards, all the better.

See more stories
Credit Card Rate Report
Cash Back

Questions or comments?

Contact us

Editorial corrections policies

Learn more