From the link above (post 36): Student applicants under 21 will now be required to have co-signers, such as parents or other adults over the age of 21, who will take on joint liability for any card debts that are incurred. If young adults want to apply independently, they will have to show evidence that they can repay the credit card charges on their own. “The credit card company will need some kind of proof of income or employment from the student,”
As I mentioned upthread, all 3 of mine had credit cards from a local bank by the time they were sophmores in college. None had a job or income. Wonder how WF and BofA get around these rules. Personally, I’m glad they do as it has worked out very well for my kids but very odd to read about this law and how it didn’t seem to apply to my kids’ experience.