The Kardashian prepaid card, nicknamed the Kardashian “kard,” is being marketed to the teenaged fans of the reality stars, but parents might want to take a careful look at the fees before signing up.

The new Credit CARD Act of 2009 put in place new curbs on when and how card issuers can extend credit to those under 21. Students headed off to college this fall expect to find a different crop of credit opportunities than previous years.

When it comes to credit cards for college students, there are two types of card issuers: Those who actively advertise student credit cards, and those who don't.

Having a credit card in college can simplify life and open up a new world of purchasing power. However, as many students discover the hard way, credit cards can be a friend or foe, and you decide which.

Congress wrote the new credit card law, the Fed laid out the rules for implementing it, and credit card issuers put the rules into effect. However, when it comes to student credit cards, key features of the new credit card rules appear to have gotten lost in translation.