Originally Posted by After Shock Media

I do feel though that interest rates have a higher influence on sales and sign ups. The card companies are letting out a little less candy cards to college students right now or at least those that they do have near maximum interest rates attached. When the bills roll in they quickly see what they can drop, weasel out of and so forth as they attempt to make minimum monthly payments. Interest builds even more on such cards and alas even those who wanted to re-bill or forgot to cancel end up declined for being over limit.
Just my 2 cents though.