Visa buxx is an example. The only problem is none of them are my bank and I want one for my daughter. Please help. Iwant to present it to her asap for her 16 bday
2007-02-22 10:58:41 · 10 answers · asked by Lauren C 2 in Business & Finance ➔ Credit
It is not a credit card! I put the money on when she earns it. She cannot spend over the amount on it. It will deny. I can also keep track of what she is buying.
2007-02-22 11:05:10 · update #1
My 13 year old has the visa buxx but I don't like because there are so many fees because I am not part of that bank. She got it by herself.
2007-02-22 11:09:21 · update #2
A good debit card for teens is not having one at all.
2007-02-22 11:01:07 · answer #1 · answered by dudes222 1 · 0⤊ 2⤋
A debit card is extra useful to start up off with. I desire the pay-as-you-pass concept the place you purely spend what you have particularly than borrowing" as you are able to with a credit card. and needless to say, in case you do not repay your credit card thoroughly each and each month, "there are the hefty credit quotes." they could run 9 % to 30 % so which you finally end up paying better than you're actual getting. A debit card is safer than donning funds and you do not have a large bill to pay on the tip of the month. in case you % the income of a credit card, yet do not % pastime money or a large bill to repay month-to-month, then a debit card may be the respond for you. Debit taking part in cards artwork like funds or a private verify. the money you "fee" is immediately deducted out of your economic enterprise account. in case you have $50 on your account and you employ your debit card to purchase some thing for $60 the economic enterprise will fee you an overdraft fee it quite is frequently approximately $35.00. you are able to then have a stability of damaging $40 5.00 so which you would be able to % to deposit funds into your account as quickly as attainable. The economic enterprise could deliver you a postcard telling you which you had inadequate money on your account while your transaction went by using. What are the reward of a debit card? it quite is frequently much less puzzling to get than a credit card. you do not could get your verify authorized or coach identity at shops. you do not could carry funds, a checkbook or vacationer's exams. Debit taking part in cards are extra with no hardship known than exams, extraordinarily once you're vacationing. you do not pay pastime quotes.
2016-12-17 16:36:37 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Don't get the VISA Buxx card, it's better to set a free checking account for her through your bank (you get a debit card, and it'll help in learning to handle money). Although you need to be careful about over drafting.
2007-02-22 11:06:19 · answer #3 · answered by lopez096 3 · 0⤊ 0⤋
Why are so many people so dismissive of a parent wanting to instill some financial knowledge and responsibility in her child?
Wait until she's 18? Why, so she can 'learn' when she's living on her own and walking past sign-ups for credit cards on campus on a daily basis? That's part of the reason why so many people have such problems with debt. Not because they have credit cards, but because no one wants to teach kids how to handle use them until it's too late.
It's a debit card folks. She can't spend money she doesn't have.
2007-02-22 11:19:57 · answer #4 · answered by Icey12 2 · 1⤊ 0⤋
Only 16? Sorry but that girl does not need a credit card.
My mom got me one at 14, but I don't even want to be bothered with it. So I put it up.
Anyway, yeah, a teenager doesn't need one. She's too young and plus, credit cards just cause people more problems. I don't even know why my mom got me one..
Having a credit card (teens and even adults) is one of the main reasons people are in debt today.
So yeah, take it easy. Wait until she's older if you want to get her one. Maybe 18 or even older than that.
2007-02-22 11:10:01 · answer #5 · answered by Candie™ 2 · 0⤊ 0⤋
Do NOT get her a credit card. Instead, try going through your bank. Most will have a youth account with no interest, no min. balance, and her parents will be able to also have control of the account.
Does she have a job? If she doesn't have a job yet, I would double think this gift unless you're willing to support her spending habits and the overdraft charges.
2007-02-22 11:01:54 · answer #6 · answered by FaZizzle 7 · 0⤊ 0⤋
Debit cards are debit cards its not as big of a deal as credit cards. The one provided by your bank is perfectly acceptable and no different really than any others.
2007-02-22 11:02:17 · answer #7 · answered by radiancia 6 · 0⤊ 0⤋
How about you get her a new debit account with your bank, that way you control how much she spends, and dont get her any overdraft protection. She's old enought to know to keep at least a hundred bucks handy for any emergency.
2007-02-22 11:03:12 · answer #8 · answered by juanachiquita 2 · 0⤊ 0⤋
She shouldn't have one! You are just spoiling her. If you want to build her credit do what my parents did for me. They applied for a credit card for me (I had no idea). They would charge small items on it every month or so and pay it off every month. It helped me get GREAT credit.
2007-02-22 11:03:30 · answer #9 · answered by Anonymous · 0⤊ 0⤋
purchase a prepaid credit card. I know rite aid sells them. rite is part of drugstore.com
2007-02-22 11:01:45 · answer #10 · answered by Shelly t 6 · 0⤊ 0⤋