Everyone starts building their credit score somewhere—and for many, it’s getting that first credit card during college or university.
Financial institutions know whatever card you get is likely to be kept for a long time.
These products are “sticky,” said Robin Taub, a chartered professional accountant in Toronto, and author of “The Wisest Investment: Teaching Your Kids to Be Responsible, Independent and Money-Smart for Life.”
“Once you have a relationship and a card or accounts with one bank, you don’t often change,” she said. “That’s why you’re seeing so many of these (credit card) promotions and kiosks on campus.”…