Los Angeles, CA (PRWEB) August 02, 2012
As students and parents start making their back-to-school shopping and packing lists, the folks at CreditDonkey.com just updated a list of their own—the best student credit card deals.
Updated at just the right time, the list is available for review at http://www.creditdonkey.com/student/
"While many parents warn their college-bound children about the danger of credit, credit cards can be a powerful tool for college students," says Charles Tran, founder of CreditDonkey, a credit card comparison and financial education website. "The right credit card is a definite must for students, especially when they’re moving away from home and may need extra financial backing when in a pinch or emergency.”
CreditDonkey.com also reminds families that with the recent law changes that occurred with the CARD Act of 2009, credit card applicants under the age of 21 must have a co-signer or be able to prove that they have the financial means to make payments in order to apply for a credit card.
“It has always been important for parents to teach their students about the cost of credit cards and to learn how to use their credit card wisely,” says Tran. “But now it’s more important than ever. Parents who agree to co-sign for their student are agreeing to become responsible for their children’s credit card behavior. So we’ve put together some educational materials to help students navigate through the world of credit so they can avoid common credit card newbie mistakes.”
College students and parents can visit http://www.creditdonkey.com/blog/student/ to find student credit card deals and helpful financial tips. CreditDonkey publishes credit card reviews, deals and tips to help American consumers make informed decisions about credit.