The best thinking about low interest credit cards
These mutually beneficial relationships put students in the middle at a time when many of them are not yet able to budget or fully appreciate the long term effects of debt. As a result, many student groups are raising concerns about credit card issuers exploiting students. The relationship between banks and universities also came under a microscope when hearings were held on Capitol Hill last June to scrutinize campus marketing practices. Banks that have contracts with universities contend that they are providing a valuable resource for students. Student credit cards offer an opportunity for students to develop a relationship with a bank and build a foundation for their credit history.