Comments on: Citi Visa 12.24% for College Students

By: BloggingBanks.com

BloggingBanks.com — Sun, 26 Apr 2009 14:16:41 +0000

It does seem that the interest rate is a little high. But over time if you are responsible enough you and build your credit score, you could find a much better deal.

By: Lee Durst

Lee Durst — Sat, 28 Mar 2009 01:21:46 +0000

Young people especially are enticed into using credit cards much to their chargrin when it`s time to pay the bill and the interest rates eat up most of the payment. Our polititions should stop accepting donations from the banking industry and protect the public from usuary rates with maximum rates caps.

By: MGreen

MGreen — Fri, 20 Mar 2009 17:29:38 +0000

CardMogul you are wrong…this is not a good deal. College students should research local and regional Credit Unions. Credit Unions usually offer better rates without the additional fees added for using the card, such as Citi Visa (see the details). In various capacities, everyone qualifies to become a member of a credit union.

This is a trap and illusory because the interest charged will definitely go up

• Prime rate will go up and APR follows
• See the late payment interest rate…this is a debt trap

By: Larry Hopkins

Larry Hopkins — Thu, 19 Mar 2009 23:52:25 +0000

Credit-worthy applicants should never be approved, and then have their interest rate jacked up 100% in a few months if they are late on ONE payment. But, that’s what is happening. Banks are looking at your credit report CONSTANTLY- and looking for excuses to raise your rate-blood-sucking leachs is the only appropriate description for these people.

By: Larry Hopkins

Larry Hopkins — Thu, 19 Mar 2009 23:26:00 +0000

WHAT a ripoff!!

By: BloggingBanks

BloggingBanks — Thu, 19 Mar 2009 16:28:28 +0000

Credit Cards in college are a good way to build your credit history. One should be careful however not to fall into debt trap that so many americans are suffering from right now.