Pre-Paid Credit Cards |
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Privacy & Security Protected
Back To Main: Loan Applications Pre-paid Credit Cards make regulating the allowance of teens easier, while helping them to control their spending habits. They are also safer to carry around. By reviewing your teens spending, you can guide them to be more practical and wise with money matters.
What Are The Benefits Of Pre-paid Credit Cards? The Pre-paid Credit Cards help put an end to last-minute ATM trips and constant requests for money. With easy loading options-online, telephone and automatic-combined with parental controls like spending limits, Pre-paid Credit Cards make it easy for you to provide your teen with spending money, while teaching them financial responsibility. Pre-paid Credit Cards are safer than cash, because prepaid Credit Card protects you and your teen if the card is ever lost or stolen. Also, they give your teen the freedom to use them everywhere. Pre-paid Credit Cards are perfect for schoolbooks, supplies, music, food, and travel, and of course emergencies. Why Is The Pre-paid Credit Cards Safer Than Carrying Cash? When cash is lost, it's gone forever. But if a Pre-paid Credit Cards or card number is ever lost or stolen, you're protected with the Zero Liability policy, which is provided by many Credit Card companies. The card will be replaced and the balance transferred to the new card. The replacement card usually arrives in five to ten business days. Financial institutions that offer Pre-paid Credit Cards may have their own guidelines on how they fulfill the replacement card. Be sure to check the terms and conditions when you apply. How Does Automatic Loading Make Budgeting Easier For Parents? Automatic loading is a convenient way to set up allowances or budget. Every week, once a month, or whenever deemed most appropriate, a pre-selected amount can be transferred from your Credit Card, check card or checking account to your teen's Pre-paid Credit Cards. It's quick and easy, and helps take the stress out of giving teens cash. Please note that when loading from your checking account, the transfer may take five to seven days. Contact your financial institution to set this up. Make sure you confirm completion of transfer before your teen tries to use the funds. How Do Pre-paid Credit Cards Help Teens With Budgeting? Pre-paid Credit Cards supply your teens with an account history, so they can keep track of purchases, get a card balance, and find important financial information and tips. Teens can access their account history at the financial institution's website. Can Parents Set Spending Limits? Yes, you determine how much money gets loaded on the Pre-paid Credit Cards, as well as when and how the cards are loaded. You also can log on to the financial institution's website to review your teen's spending and suspend the account at any time, for any reason. How Can Parents Guide Their Teens To The Most Appropriate Places To Shop, Especially Online? You can review your teen's account anytime to see how much they are spending and where they are spending it. And you can discuss with them how and where the Pre-paid Credit Cards can be used. Together, you can agree on the best places to shop. If you decide to get Pre-paid Credit Cards for your teens, compare several offers and select the cards that most closely match your teen's needs and special circumstances. |
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