Introducing a Brand New Prepaid Debit Card for Teens!
Discover Card has recently unveiled a brand new prepaid debit card for teenagers that I find really appealing. It is the Current by Discover Card. The great thing about this card is that it offers a great deal of parental control while still teaching teenagers financial responsibility. Parents can load money onto the card for their teen to use. Parents, however, can also set spending limits in various categories. For example, parents can set the spending limit at $0 in categories such as tobacco stores, liquor stores, hotels, and other unwanted places. Parents are also able to track their teenager’s spending. The Current card is also quite safe since there is no effect on either the parent’s or the teenager’s credit. Here is a more comprehensive list of features straight from Discover:
Ø Debit Card for Teens with built-in parental controls
Ø Set daily, weekly, and monthly spending limits
Ø Restrict teen card use in unwanted shopping categories (e.g. liquor stores, tobacco stores, hotels, etc.)
Ø Free Direct Deposit for parents & teens
Ø Free deposits from any credit card or bank account
Ø $0 fraud liability guarantee
Ø Withdraw cash at ATMs
Ø Get exclusive discounts at teen’s favorite merchants
Ø Free e-mail and text message activity alerts
Ø No minimum balances, loading fees, or credit check
This is certainly something you will want to check out. Now, the only drawback to this card is that it usually costs $5 a month to use the card. If you click on the link from this site and enter the promotion code EX4093, you can try the card for FREE for one month. If you do not like it, you can always cancel. I think it is worth a shot.
What do you think about this card? Do you think it would be useful to you? Let me know your opinions.
If you are more interested in an actual credit card, make sure to check it this great bonus offer: Get $50 Cash Back Bonus with the Discover® More Card!
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According to me no minimum balances, loading fees or credit check is a good feature, so it will be useful.
Mack jackson´s last blog ..Effective Tips For Avoiding Debt