How to help your college kid get a credit card

Source: Beth Braverman - Consumer Reports

It used to be that signing up for your first credit card was one of those college rites of passage. You’d fill out some forms at a booth on the quad, get a free T-shirt or Frisbee, and receive your plastic a few weeks later in the mail.

It was so easy that many college students ended up with more credit cards—and more debt—than they could easily manage, especially when the recession hit. The Card Act of 2009 changed all that, making it a lot harder for adults under 21 to obtain a credit card and barring issuers from marketing to them.

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