Every company is always thinking about how they can maximize their total earnings, and credit card companies are no different. While students may be one of the better targets for this because the majority don’t have credit cards and are low on funds; they also are some of the ones in most danger of overspending with not being knowledgeable. Even though this is the case, I think if the credit card companies are doing this in a more transparent and informative way than normal credit card signups, it is not a wrong thing to do, especially with added benefits. But, to go on a campus to do this, they should be required to teach the students that they are allowing to sign up for the credit card the pros and cons of having a credit card while not having a large amount of money.
I know I was born in a household that was not very open with their accounting, so I personally never learned about the workings of credit cards until I was 23 years old and did some research on my own. Having grown up under the impression that no credit was better than bad credit, I realized how wrong I was once I really started to look into it and talk to other people as well as with credit card companies. It would be hard to believe that …show more content…
A lot of students don’t have the money, or a job to pay the expenses they have. If the companies could have general “student cards” that feature general lower interest rates while attending classes, as well as teaching those who sign up for it the general dangers of going over your head buying a lot with a credit card it would be a reasonable idea. This would also create a general trust from students of this company, and allow them to potentially get more business while helping inform and educate an entire generation of
I know I was born in a household that was not very open with their accounting, so I personally never learned about the workings of credit cards until I was 23 years old and did some research on my own. Having grown up under the impression that no credit was better than bad credit, I realized how wrong I was once I really started to look into it and talk to other people as well as with credit card companies. It would be hard to believe that …show more content…
A lot of students don’t have the money, or a job to pay the expenses they have. If the companies could have general “student cards” that feature general lower interest rates while attending classes, as well as teaching those who sign up for it the general dangers of going over your head buying a lot with a credit card it would be a reasonable idea. This would also create a general trust from students of this company, and allow them to potentially get more business while helping inform and educate an entire generation of