My thoughts on student credit cards
Credit card companies are adopting more stringent lending requirements and steering clear of consumers who appear to pose a credit risk. Even customers who pay their bills on time are finding changes to the terms of their accounts. Many of those customers are finding decreased limits on their credit, increased required monthly minimum payments and higher rates. It is estimated that the current interest rate is an average of just over 12 percent. That translates to more money owed if you do not pay your balance in full each payment period.