At the beginning of the school year, representatives of credit card companies and banks flock to college campuses. students are often offered free gifts, student credit cards, free checking accounts other incentives for opening an account. but students usually have no credit history that lenders can use as a guide to assess risk. why would these financial organizations try so hard to capture student business

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Business

Blaine Harrison

21 August, 12:03

At the beginning of the school year, representatives of credit card companies and banks flock to college campuses. students are often offered free gifts, student credit cards, free checking accounts other incentives for opening an account. but students usually have no credit history that lenders can use as a guide to assess risk. why would these financial organizations try so hard to capture student business

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Elyse Brennan · Answer 1

These financial organizations try so hard to capture student business because they know that when the time comes that they will decide into entering a business, they are the most valuable and efficient customers because they are still young. Credit cards that are offered to them, when used, have usually lower limits and so it is still safe.