We looked at numerous "good deals" for teen credit cards and we thought we had found a couple of winners when we ran across this brand new entrant into the teen credit card arena; the UPSide Visa Teen Credit Card is the all around best we have found and here is why:

First of all, this card comes with a "peace of mind" knowing that it's a prepaid Visa® card meaning this card has Visa's Zero Liability Policy if card is lost or stolen.

Next the funds that are loaded are FDIC insured and are availabled immediately to your teen. The UPSide Visa can be funded either online or on the phone - your choice. That makes this card perfect for a long distance gift if your child is traveling with their choir group or has gone away to college- if money is needed - you can send it quickly and it will be available on the card.

Additionally, this card for teens is set up so parents have control over when, where and how much money is spent on the card. This is a great way to help your kids learn how to the be financially responsible. Because this is a prepaid debit card, there are no reports going into the credit bureau and no co-signers are needed. This account can be in your child's name.

If you need to see where your teen is using their card, you will have access all transaction details and receive alerts on card activity if you so choose. THe UPSide card requires no minimum balances and has very low fees. A credit card for your teen is a very valuable educational tool that will teach your child how to spend their money smart as well as save and there's no risk of incurring a negative balance. Additionally, many employers are able to pay via online or phone transfer and if your child has a part time job, this may be an option as a way of receiving payment that will let your teen learn to manage their money making this credit card for teens a great short term savings instrument and this card is easy to test drive for only $4.95 with no minimum balance and no commitment.

This is an excellent card for either a gift or as a way to help your teen learn to be a financially responsible young adult - look into the benefits of a credit card for your teen from UPside!

Labels: teen credit cards