When students get their first credit card, it can be a liberating experience. The purchasing power that comes with even a low spending limit, like with a student card, can be enough to send the card holder on a shopping spree. At the very least, many new users begin employing the card on any and every essential product or service that they need, be they clothes, food, or textbooks. But most student credit card holders do not reflect the behaviours of more experienced holders: Purchases add up very quickly, and with the likelihood that a student card has a low credit ceiling and a high interest rate, those new cards can max out before the user knows it. Readmore

Credit card companies court college students because these young adults may become customers for the next ten, twenty, or even thirty years. As well, because college students usually have no history of credit use, they tend to be charged higher interest rates and of course higher fees if they happen to fall behind on payments.
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When starting university full time, the student’s need for a credit card becomes greater. After all, in many cases this is the first time a student has left home and many items once purchased through a parent’s payment facilities are now to be purchased by the student themselves.
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Becoming a university student is the first time that many people experience some degree of financial freedom.  One of the aspects of financial freedom is the ability to take on debt, particularly credit cards.

Credit cards can be a good thing for students, but they can also have many dangers.  Student markets are often seen as a good profit making area for credit card companies as students are seen as not as financially aware as older consumers and so are less likely to look at aspects such as fees and interest rates. Readmore