Campus credit on the decline
News from Chicago Tribune:
Credit cards aren’t the big men on campus they used to be.

The number of new accounts opened through colleges, alumni clubs and other affiliated groups dropped by 17 percent in 2010, according to a new report by the Federal Reserve Board.

Payments by the credit card companies to higher-education institutions were down too, as was the number of agreements in effect.

The falloffs are attributed at least partly to the 2009 Credit Card Accountability Responsibility & Disclosure Act. In the past, credit card companies were criticized for their marketing tactics to students. The CARD Act restricts such practices as doling out gifts to encourage students to apply for cards on campus.

The law also requires credit card issuers to annually disclose the agreements — including payment…………… continues on Chicago Tribune
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Related News:

Why Card-Specific Discounts Don’t Work
News from San Francisco Chronicle:

It’s tempting to sign up for store credit cards that offer perks like a percentage off on every purchase or special sales throughout the year. But is it really in your best interest to open one of these cards? To get an idea, we’ll consider the perks, interest rates and fees of four popular store credit cards.

Target: 5% Off On Purchases
Target’s store credit card, the REDcard Target Credit Card, rewards customers with 5% off on every purchase at the point of sale at both brick-and-mortar Targets and Target online. Excluded from the 5% back are purchases of prescriptions, clinic services, eye exams, Target gift cards and a few other items that probably won’t apply to most consumers.

The REDcard Target Credit Card has a purchase
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