CampusRd - college credit report, credit score, credit cards and student loans 312.854.7605 / Join Our Network /
 
 

Credit Cards Blog

Get the latest news and opinion pieces through our financial industry blog.
Our writers develop articles on financial matters that affect the everyday lives of all our users.
Credit cards and student credit cards
Home > Credit Cards > Blog > New Credit Card Legislation Credit cards and student credit cards

New Credit Card Legislation

Thursday Feb 25, 2010

I recently highlighted the latest in Credit Card Legislation passed by Congress. This is definitely a pro-consumer protection law. But, the credit card companies aren’t going to take it lying down, that’s for sure. They have plans to recoup any profit loss that they may incur from conforming to the new legislation.

First of all, one draw for students to apply for a student credit card was the ‘no annual fee’ aspect. Expect this is disappear in the near future if it hasn’t already. Personally, I think that is a load of bull when the credit card companies will make more off of us from APR and then to charge an annual fee.

Second, remember that scene in ‘Confessions of a Shopaholic’ where the red-headed lead girl (don’t remember her name) chops at a block of ice containing her credit card (also I never saw the movie but saw it in a preview)? Well, that will no longer work. Credit card companies are now going to charge you “inactivity fees” when you decide to not put yourself in some debt. WTF?

If you receive anything in the mail pertaining to your student credit card, be sure to read it carefully. I’m sure there will be more ways to screw students out of money aside from the traditional student loans.


< Previous Next >



Comments


Be the first to add a comment by filling out the form below



Add your comments...


 
Name
 Required

Email
 Required, will not be published

Comments
  Comments are moderated and generally will be posted if they are on-topic and not abusive

Verification `s Enter #`s here


 

Featured Credit Cards


Discover® More® Card - American Flag

Discover® More® Card - American Flag


Discover® More® Card

Discover® More® Card




Credit Cards Blog


Best things to buy with student credit cards
Monday Feb 18, 2013

Finding the right student credit card
Thursday Feb 07, 2013

View all >



Credit Cards Tweets


 

CampusRd, Credit Rating, Credit Cards, Loans, Credit Score
Call Today (312) 854-7605 
© 2020 CampusRd.com, a business unit of Uloop, Inc  
 
 
Login    
Email Address    
     
Password  (forgot password?)      
     
     
Tell a friend about this offer    
A link to this page will be sent to the
"Destination Email Address" below, in accordance
with our privacy policy and terms of use policies
Your Email Address    
       
Destination Email Address    
       
Verification #'s Enter #'s here
 
       
Forgot your password?    
Email Address