Credit card companies are going to all lengths to get students to sign up for cards nowadays. Students might be motivated to get them seeing the free t-shirt or free pizza offer, but the high price that they’ll have to pay later is nothing compared to these small gifts. Not knowing about the consequences, the students will not only get into debt, they will also spoil their credit rating and hence put their future at steak.
Knowing all this, some student groups have gone so far as to classify these marketing tactics as predatory. But then, why are banks still allowed to market credit cards to students? It is possible that they just might have a contract with the host college.
