Friday, July 13, 2007

Shackling Students?

Man alive, it’s worth being a student when it comes to credit cards. Or maybe that’s a slightly skew-whiff sentence. The costs of being a student, I should perhaps say, can be offset to a degree by the value of the credit cards students can get. If they should want them - or need them. That may be an oxymoron.
Student credit cards come in a variety of shapes and sizes, but one thing most of them have in common is No Annual Fee. On top of that, you’re generally offered six months without interest. Pretty good.
To be fair, when we went to our English bank on arriving in London, they offered us credit cards without an Annual Fee and no interest at all for the first year. Cor.
So, okay, it isn't only students that banks are interested in. But it's rather like that old quote about Give me a child until he is seven and he's mine for life - or something along those lines. Perhaps we could paraphrase it as: Give a student a credit card without any fees or interest in the first six months, and that student is the bank's for life. Okay - that was pretty weak, but you get the picture.
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