Not for kids and usually teens have to be at least 18, Discover has a great card called Current Card that is for all teens and kids.
Prepaid credit cards can be used to teach them some responsibility and get them ready for life as an adult; an obvious benefit is that they cannot go over the limit on a prepaid card. However, it would be wise to monitor their purchases with the cards to make sure they're being responsible.
One option you might want to check out is a prepaid bank card, although it's a prepaid, it's designed for both parents and teens. As a parent, you can reload it and maintain control while giving your teen a sense of independence.
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Prepaid credit cards are great for teenagers because they start to learn money management. Up until this point, they probably leaned on their parents for funding for frivolous expenses. It will also get them into the habit of recording transactions so that they can understand account balances and budgeting.
Benefits include teaching kids how to use money and credit responsibly. It is also gives them more freedom when purchasing items out and about.
Prepaid debit cards quietly entered the financial landscape several years ago, and have become an increasingly common financial tool. These cards can be used just like a debit card attached to a checking account. Those that come with Visa or MasterCard logos can be used in most places credit cards are accepted, as well. There are a lot of reasons to consider using prepaid debit cards, but they have drawbacks, as well. In this article, you'll learn more about these cards.The most common reason people choose to use prepaid debit cards is because they are unable, for whatever reason, to have a traditional checking account. Many prepaid debit cards can be funded by direct deposit. The convenience of this allows card holders access to their funds right away, and saves on check cashing fees. Many utilities can be paid online using prepaid debit cards, saving the time that would have been spent paying the bill in person using cash.The downside to using prepaid debit cards as your main financial tool is that these cards usually have fees that are more expensive than traditional checking accounts. They are also sometimes not accepted for services that use automatic monthly billing because there is no guarantee that there will be funds in the account.Another advantage to using prepaid debit card is security. If cash is stolen, it is gone. However, with many prepaid cards, you can have the account frozen and have the card replaced if it is lost or stolen.While there will still often be replacement fees attached, you are protected from losing the rest of your funds.Some people also opt to use prepaid debit cards to pay a teenager's allowance. This is especially handy if your teen has a cell phone or gaming account that needs to be paid each month. Having the money on the card allows them to manage their own bills and learn responsible money management. On the negative side to giving teens the card, there is the possibility of them overspending, and running out of money before more important expenses are handled. Even some adults have trouble managing their money when using debit cards.These are a few things to keep in mind when deciding whether prepaid debit cards are a solution for you.
Walmart is always hiring, and so is Kmart
Prepaid debit cards are a great way to watch what you spend. Debit cards enable virtually anyone to make purchases, pay bills, secure reservations, and shop online without the need for a bank account or credit history. They give you the convenience, security and freedom to be self-banked. Users: range from people who don't have the credit histories or minimum account balances that banks require, to people who want to avoid confusing fee structures and statements, to casual users such as teens managing their allowance and travelers who want to protect their cash on the go. See the link below for an option/more information on prepaid debit cards.
80% of people in their late teens and early twentys own credit cards.
The answer is yes and no. 123 Greetings Cards does offer a number of teen birthday cards, and of course plenty of regular birthday cards which you can customize. However, they do not have a good selection of teen cards for specific ages. What they do have that is age specific are sweet 16 and cards for those who have just become teens.
Chairs are not hard to find. Buying furniture for teens is very simple. One can purchase a chair suitable for teens at any retail store that sells furniture such as Target, Walmart, and Kmart.
The card will not impact one's credit score, because there is no credit line, but it does help people to learn to budget their money, especially teens. Parents can use parental controls and put their allowance into the account.