i recently saw an add for it and i dont know the name of it but the parents can give their kids this allowance card that they controll
2007-03-10 00:39:11 · 9 answers · asked by Jen palla【ツ】 3 in Family & Relationships ➔ Other - Family & Relationships
There's actually quite a few prepaid credit cards you can offer, but the one's I've given my son were from AmEx and MasterCard. They have some cute ones that have designs geared towards young kids and teens.. he dug it 'cause his name was on it and it made him feel like he was a big boy.
You can find these pretty much everywhere, like Walgreens, CVS, and grocery stores. The one thing to keep in mind though is that many of these cards charge you for each purchase, so essentially the kid may not be getting the full value of the card. In a sense it can be a bit of a rip off, but look into it more, there has to be a good honest one out there.
2007-03-10 00:49:49 · answer #1 · answered by anonymous 2 · 0⤊ 0⤋
I know what you mean, its a credit card with a preset amount such as $500 (deposited to the card as a limit amount).
The person can spend only that amount (up to the limit) and only has to make a payment in order to keep the card active.
After a preset length of time by the credit card company they can offer you a credit card with a real credit rating thus you just built your own credit rating. I think its called a Guaranteed Secured Visa or Guaranteed Secured Master Card
2007-03-10 01:04:32 · answer #2 · answered by Steven H 5 · 0⤊ 0⤋
It's called a secured credit card.
2007-03-10 00:44:46 · answer #3 · answered by rathi1317 1 · 0⤊ 0⤋
Try looking into a student visa. Typically the limit is $500 dollars
2007-03-10 00:42:14 · answer #4 · answered by GoodWillHunt 3 · 0⤊ 0⤋
Virtual Visa
Prepaid Credit Card
A few names for it...
2007-03-10 00:41:10 · answer #5 · answered by Anonymous 3 · 0⤊ 0⤋
ive seen an add on tv for american expess and also visa...its almost like a re-loadable debit card
2007-03-10 00:41:21 · answer #6 · answered by Anonymous · 0⤊ 0⤋
its a debit card, u will not able to used it if the amount not enough/zero.
2007-03-10 00:45:10 · answer #7 · answered by EJ 2 · 0⤊ 0⤋
Debit card !!.Ensure that it is currently operative !!!!
2007-03-10 01:01:22 · answer #8 · answered by V.T.Venkataram 7 · 0⤊ 0⤋
there's a new one out there called "Green Dot"... you can have up to $500.00 at a time on it
2007-03-10 00:43:06 · answer #9 · answered by bronzebabekentucky 7 · 0⤊ 0⤋