My entries and thoughts on low interest credit cards
The first limitation should be on the credit limit to discourage binge spending and develop responsible spending habits. The student away at school will learn quickly that it is far better to save the credit card for necessary purchases such as books and school supplies rather than squander the entire card limit on frivolous expenditures. The credit limit issue can be revisited and perhaps revised once the student has demonstrated responsible credit behavior and developed good payment habits. Students should also be introduced to the concept of online student credit card payments. Eventually all payments will be made online, so prudence dictates that the skill be taught sooner rather than later.