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Reference:
Liberto, J. (2010, February 22). Under 21? Getting a credit card just hot tougher. Cnn.com. Retrieved Mar 2, 2010 from

http://money.cnn.com/2010/02/19/news/economy/student_credit_cards/index.htm

Summary:
Credit card companies need to boost stander about collage student credit. Congress decides a new law to credit card. The law let some students, under 21 more difficult to have credit card than before because they have no stationary income in their live. They are unable to have credit card easy, if they have not their parents to be their guarantor.
Also, credit card companies are unable to give students credit card application form in campus because they give students some gifts when they fill out credit card application form. Therefore, the law also forbids this “inducement” in campus. If students, under age 21 want apply credit card, they have to give some documents about their income. Some students have had loan by credit card. And then they have to pay high interest rate to their credit card. So, their parents have to help to repay their debt. The money usually is from other loan. If the law is pass, a lot of people will not easy to have credit card. Some countries already have the law, forbid fill out credit card application form in campus because students do not need too high cost for their credit. Credit car companies also need to teach student that how correct use credit card.

Reaction:

People usually use credit card to create their credit before they want to borrow money from bank. If you have not any credit in banks, they will not loan money to you. Therefore, correct use credit card will help you a lot when you want to borrow money by banks. Thus, the law is able to help students because the credit cost is lower than before and difficult pass to gad credit card.
A lot of students use credit card often because they pay their food, tuition, book, and clothes. Credit card already become require thing in live. It even replaces real money. We use credit card to pay more than money. But, a lot of students are unable to control when they use credit card shopping. Therefore, produce many problems from credit card because they cannot pay their credit card dill. If they have no enough money to pay bill, the credit card interest rate will let your bill cost to be more.
Many Taiwanese people used to have this problem. Many people are unable to pay their credit card because their credit cost is high. And then they cannot control use credit card. It leads to people to have more and more debt by credit card. At result, a lot of credit card companies have boosted examine of person financial when people apply credit card. And then this problem has already decrease.