- Tags:
- Show more
- Pages:
- 2
- Words:
- 550
Name of Student Name of Instructor Course Code Date of Submission College student credit card debt Introduction Purchasing on credit cards is currently a common practice among the college and university students. The credit card was not used some years back by the college students to avoid the accumulation of the debts. The credit card was introduced for the college students about a decade ago. Recently, most of the credit card companies are liaising with the colleges to set up the booths to market their credit cards. The credit card companies convince the students by giving them gifts such as t-shirts and food for them to register for the credit cards (Hancock, 360). The college students can also get access to the credit cards before they are admitted to the universities. The main disadvantage of the credit cards is the accumulation of the debts and the increase of the interests in which most of the students do not notice until they complete their studies. The companies which offer the credit cards include the Capital One, the Wells Fargo, Citibank and the Chase bank (Hancock, 365). The companies are luring the customers by sending emails to the parents with children between 16 to 18 years. The parents are lured to insist their children acquire the credit cards before they set their foot to the college. Statistics on Students credit cards The shared credit cards are now used by at least 9% of the students. The shared credit cards are used by the college students who have a close relationship or family members. Others use the shared credit cards to help their colleagues who do not qualify to acquire the credit cards. The married couples also share the credit
Leave feedback