Re: sutdent CC - Saab General Bulletin Board - Saabnet.com
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Re: sutdent CC
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Posted by steveC (more from steveC) on Tue, 24 Aug 2004 21:40:59 Share Post by Email
In Reply to: Yes, young people are treated inferiorly, awg, Tue, 24 Aug 2004 10:19:19
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??
"I despise the student credit cards that the banks use to lure naïve kids into debt.
Your bank should be able to give you a debit and credit card since you do bank with them. If they will not, ask if you can give them a prepaid balance to establish a limit. For example, give them a $1000 for a $1000 credit limit.""

either way it is a CC which lures many people into debt;-)

not sure I'm understanding this. Up here in Canada a bank will give a student a CC if they have a part time job (you MUSt have employment). But the limit is only $500. When I was in school I used mine for emergency use, eventually upgrading to a regular card through the same bank. It came in handly reserving hotel rooms and such. Interest rates are the same, however some banks up here are doing interest rates at prime with is astounding.

but for Clay, dumping a G to get credit limit is a tough choice I guess.


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