selecting a credit card
How the CARD Act Affects Young Adults
The CARD Act also includes several protections for underage consumers. Which of these apply if you're under 21 years of age?
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You will not be allowed to sign up for a credit card.
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You can now qualify for credit cards with high balance limits.
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You will have to show proof of income or have a co-signer to open a credit card account.
"C" is correct. If you have a co-signer, you must obtain their written approval to increase your credit limit. Rules also restrict how credit card companies market on college campuses. Now we'll learn how to select a credit card.