Why are the credit card companies giving away free stuff anyway?
The credit card industry is a multi-billion-dollar business. Credit card companies are banking on college students future earnings potential so it may not matter much to them that you currently have little income or a steady credit history. Credit card companies pay millions of dollars per year for the rights to set up their booths on college campuses. In recent years, some colleges have begun banning credit card companies from their campus because of criticism from parents and students who may have gotten into trouble with credit. Many college students sign up for the cards without realizing that they may be starting a cycle that can take years to escape from. I have heard numerous times from college students that they signed up for the card to get the free stuff and just planned to cut up the card when it came in the mail. Instead, they found themselves strapped for cash and discovered that they could use the credit card to supplement their income and improve their lifestyle. With th
