Prepaid Debit Cards For 18 Year Olds

If you are between the ages of 18 and 20 and cannot meet the requirements to obtain a credit card under the card act your best solution may be to obtain a prepaid credit card.

Prepaid debit cards for 18 year olds. Another prepaid card you can control from an app gohenry is for kids aged six to 18. Older teens with a part time job and responsibility for their own cell phone bill or other charges may also benefit from features such as bill pay and direct deposit. And parents can set age appropriate spending rules for each child s card. Children as young as 6 and young adults up to 18 can use the gohenry card.

Launched by challenger bank starling in 2020 it s the cheapest prepaid card 24 yr that we feature and it comes with no additional fees or charges. Kite is the one of the latest prepaid cards for under 18s to have joined the market. Those marketed specifically to teens college students or families work exactly the same way as other prepaid cards. The best debit or prepaid cards for teens will charge minimal fees offer flexibility in reloading funds and allow parents access to the card especially important for kids on the younger end of the teenage spectrum.

Prepaid debit cards are prepaid debit cards. Adding to that prepaid cards and debit cards let you see every one of your child s purchases. This benefit makes way for conversations about value based spending. Your children can create their own personalized card and you can send weekly allowances and bonus money for completing certain chores and activities.

When adorned with a credit card network logo e g visa mastercard discover or amex prepaid cards can be used just like credit cards to conveniently make purchases anywhere the network is accepted. Best credit cards for 18 year olds best credit cards for fair credit with high limits best credit cards for large purchases. Credit cards that allow authorized users under 18 debit and prepaid cards first then credit cards though your teen could benefit from a credit card you don t have to give them one right away. Once you ve signed up you can load up to 5 000 onto your child s card.

Simply put value based spending means spending your money on the things that matter most to you. Join today for a one month free trial 24 99 yr thereafter equivalent to 2 08 mth. You can start with a debit card and teach your teen solid financial habits as early as possible. Although prepaid debit cards have a lot in common with bank debit cards prepaid cards vary in a few key ways that are important to understand before you start using them.

Prepaid cards and debit cards give you a birdseye view. The gohenry prepaid mastercard is the only other card on our list that can be used by children younger than 13. Additional cards cost 19 99 yr.