Question

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

Answer 1

These financial institutions put a lot of effort into developing student businesses because they know that when the time comes when they decide to go into business, they become the most valuable and effective clients because they are still young. The credit cards offered to them when used tend to have lower limits, so they stay safe.

Step-by-step explanation:

Answer 2

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.