Secured credit cards What experts say
According to those studies, the unpaid balance on student credit cards is an average under $500, and only 34 percent of students actually have a credit card in their name only. Many credit card companies are now offering free seminars to help students learn to budget and manage their finances responsibly. They feel that student credit cards can be a responsible and invaluable resource. College administrations want to continue to allow banks to market student credit cards. They simply want to assure that banks offering them on their campuses are doing it in a way that is not predatory or misleading.