Thursday, March 4, 2010

No More Promotional Products for Credit Cards!

When I was attending Indiana State University for my undergraduate degree, I remember frequent events held around the fountain by credit card companies. They were simply trying to get us to sign up for their credit cards.

They were fun events that made us want to participate…that was if we had time on our way to class! Sometimes we signed up just because we would receive a cool promotional product with the ISU logo on it!

According to a press release from the White House, the new law states that credit card companies are no longer allowed to give gifts or any promotional items in order to entice students, or anyone else, to sign up for a credit card. Wow! Did you know this has changed? So much for hanging out at the fountain on the campus of Indiana State University!

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