What I say about credit card applications
Banks that have contracts with universities contend that they are providing a valuable resource for students. When students have credit cards of their own, they are laying the building blocks for their credit report and learning how relationships with banks work. Banks offer seminars on responsible spending, budgeting and paying off balances on credit cards. They also claim that student credit cards have some built in protection that other cards do not offer, such as decreased credit limits. Students on many campuses can sometimes even choose between having debit cards or credit cards.