Getting The College Student Credit Cards After The Card Act In February

If you wish to get your son or daughter at college away from home their own credit card, you’d better do it before February; the new credit card rules are coming up and they restrict the minimum age to apply for a credit card to over 21. Parents have traditionally been really anxious to get their children started on a credit card as early as possible. They figure that with a credit card, their children will naturally learn to be quite responsible with their money and their credit, and by the time they are out of college, trying to find their fit in the world, they will have years of solid credit history to smooth their way. While this does sound like pretty thoughtful foresight, parents need to think of the whole idea of getting a young college student credit cards, by putting themselves in the state of mind they are in at the time.