Comments on: College Student Credit Cards: New Law http://www.micash.net/prepaid-cards/college-student-cards/college-student-credit-cards-new-law/ Prepaid Mastercard Mon, 23 Aug 2010 12:49:11 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Amanda Woodrose http://www.micash.net/prepaid-cards/college-student-cards/college-student-credit-cards-new-law/comment-page-1/#comment-3 Amanda Woodrose Thu, 04 Mar 2010 03:45:59 +0000 http://cms.micash.net/?p=284#comment-3 Honestly speaking, I am wondering why credit card companies allow minors to have credit cards. They always think of the business and not the major implications of teenage students having a credit card. Parents on the other hand should not be tempted with credit card offers from companies and should know that by giving their children a credit card can be really risky. The only solution for this one is for credit card companies to heavily promote their prepaid debit cards because it is much useful for students. At least they'll learn more about the importance of money and they'll learn how to save. Honestly speaking, I am wondering why credit card companies allow minors to have credit cards. They always think of the business and not the major implications of teenage students having a credit card.

Parents on the other hand should not be tempted with credit card offers from companies and should know that by giving their children a credit card can be really risky.

The only solution for this one is for credit card companies to heavily promote their prepaid debit cards because it is much useful for students. At least they’ll learn more about the importance of money and they’ll learn how to save.

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