Prepaid Visa Cards For 16 Year Olds

The prepaid card can be used wherever visa cards are accepted.

Prepaid visa cards for 16 year olds. These cards are a relatively safe way to teach your child how to spend responsibly. Under the law consumers younger than 21 years old must have either a co signer or proof of a steady income to be a credit card s primary accountholder. The downside to debit and prepaid cards is twofold. Cardholders begin by receiving 1 cash back on all purchases but can earn up to 1 5 cash back after making 12 on time payments.

Td bank uses the visa buxx prepaid card for teens. Here are some of the features of the td go prepaid debit card for teens. Can i apply for prepaid card for my 22 year old student. Td go prepaid visa.

There s a 10 fee to replace the card and 15 to replace the card with express delivery. Why it s one of the best credit cards for young adults to get. Credit cards are an option for older teens some options are available for 16 18 year olds. In addition to 0 fees the petal 2 visa gives 1 1 5 cash back in rewards on purchases.

The petal 2 visa card is the best overall credit card for young adults because it combines low costs with high approval odds and generous rewards. Join today for a one month free trial 24 99 yr thereafter equivalent to 2 08 mth. The petal 2 cash back no fees visa credit card does offer rewards. August 16 2010 at 12 41 pm.

Of course those cards require parents to open the accounts. So depending on what the spending habits are of your kid you have three american express cards to choose from. A 0 monthly service fee. Teens have to take care to keep up with their card.

The td go prepaid visa is a product of td bank. Roostermoney the prepaid debit card and app designed to help parents manage pocket money with their kids aged 6 18 years. This age range is a good time to introduce your tween to debit and prepaid cards. Prepaid cards that operate on a credit card network think visa mastercard discover or american express can be used to make purchases anywhere that network is accepted just like a credit card.

If the idea of handing your teenager an actual line of credit is scarier than teaching them to drive then a prepaid card may be the way to go. The more responsible you are in paying the monthly bills on time the better the rewards become. Teens can t overdraw a prepaid card. The petal 2 cash back no fees visa credit card also comes with a money management tool to help your teen track their spending.

Td go reloadable prepaid visa card. Keep in mind that the credit card accountability responsibility and disclosure card act of 2009 places limits on credit cards for 18 year olds.