Actually it's not that scary....
I did a lot of shopping around looking at a couple of different programs for teen credit cards. They are actually gloried debit cards however parents have 100% control over the cards. That way your teen can learn the basics of learn to use credit wisely in a more controlled environment.
Visa Buxx caught my eye first and after reading over their literature - I had to pass. From what I gleaned from their material - they charged a fee for every single charge made on the card - geez that would get expensive and quickly so!
I then looked into UPside Visa - they have some flashy, fun card designs and a couple of different programs. I went with the no monthly fee flat rate $24.95 a year plan and they do not charge fees on any charges made with the card - in fact, your teen can earn points for the charges they make.
This is the card I went with:
Rad Orange Tribal Butterfly Visa for Teens
Want more info? A section that profiles the thoughts parents might have as well as the pros and cons of a teen having a credit card are laid out at Teen Credit Card Review.
Her card will be here in 10 days - I'm depositing the checks she got for the holidays this year and that will be her beginning balance. More will come as she does chores around the house and earns money. I'll update you how it goes.
And have a very happy and safe holiday!Labels: cool info, credit, credit bureau, credit report, credit score, savings |
Got Some Cool Credit-Related Info?
Cool Black Visa for Teens
Guitar Hero Visa for Teens
Anime Visa for Teens
Good day,
I am Monalyn from Philippines. Your blog inspires me, you wrote meaningful topics and many readers were glad reading the content of your blog.
By the way, have you heard about identity theft? It is one of the common problems of the society. I have a short content about identity theft and this is a good topic for your readers to be aware while surfing the world wide web. If it is okay, I would like to post a brief content about Identity fraud /theft into your blog, this content is just simple but has a great meaning for all of us.
I would be happy if you'll do. More power for your blog, and may it continue in getting popular.
Please response through my email address. Thank you very much.
Life Lock
http://lifelockpromocode.com/
Email: lifelockblog@gmail.com