Credit Cards for Teenagers
If you are looking for a suitable credit card for your troublesome teen, consider a prepaid credit card to help them manage their money and stay out of debt.
Follow these top tips on finding the best prepaid credit cards for teenagers:
Under 18’s Prepaid Credit Cards
A prepaid credit card saves the need to carry cash around on you, and enables those who do not have a credit or debit card to shop online.
The card is protected against fraud as the user is required to enter a PIN when using it to make purchases, and it can be cancelled should it become stolen or they lose it.
A prepaid credit card does not require the user to have a bank account which is why they are a suitable option for youngsters who receive cash for odd jobs, or as pocket money.
The teenager can load their cash onto the card at certain retailers and banks, to then use it to make their purchases – or to obtain cash from an ATM machine.
Unlike a credit or debit card, a prepaid one does not have an overdraft facility, or require you to pay a bill, so once the user has spent all the funds they loaded onto the card, it will not let them spend anymore.
The Neon Prepaid Card
This Phones 4 U prepaid card is specifically designed for children between the ages of 13 to 18 years old.
Following the initial purchase price of £9.95 for the card, there are no monthly fees or transaction charges, and it is free to top up the card at Phones 4 U branches.
Furthermore, the teen can earn up to 20 percent cashback when they shop online and use their Neon Prepaid Card to top up their mobile phone.