I was happy to check out a Prepaid Visa from Card.com and to share it with my niece who is a high school student.
Let’s Talk About College
Your college student is learning many things in class but they’re also learning valuable life lessons. Some of these lessons can actually hurt them later in life and as a parent, you want to make sure you prepare them to conquer these temptations.
I’m not talking about keg stands, swallowing goldfish, or toga parties. These temptations are much worse.
Credit card companies! They send our children tons of “you’re approved” cards or set up at different events/places were college kids gather. How exciting is it for a college student to get these cards and have thousands of dollars that they can spend when they’re so broke they’re eating Kraft macaroni and cheese for dinner 3 days of the week.
They aren’t thinking about the debt they’ll have when they graduate, not from the education (which can be up there) but from all these cards.
You need to start training before they go off to college! Card.com has a Prepaid card that you can get for your high school student and teach them how to manage a credit card and their finances. You can load a specific amount on the card and as your child makes purchases it comes right out of the account. If they’re working, they can deposit their check directly into the account. They will not only learn how to budget their money but it won’t be as easy to swipe that card if there’s no money in the account.
The card is super easy to apply for, and you can choose from thousands of the coolest designs on the planet for your CARD.com Visa Prepaid Card. Enjoy no overdraft fees, no late fees, no minimum balance, $0 sign up fee and no credit check with verified ID. There is Monthly Maintenance Fee of $5.95. before you make the decision that you don’t want your child to pay a fee, think about this…….. They will learn that they wish they didn’t have to pay that $5.95 so when you tell them about the 29% they will be charged for a credit card or the $36 overdraft charge from the checking account, it will deter them. $5.95 is a small price to pay for financial education and a great credit score!
ABOUT THE PRODUCT:
This is a debit card, like the one from your bank, and you can use it EVERYWHERE Visa is accepted — except it’s way cooler and cuter than your crumby old bank card.
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Free to order, activate and load
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Free app and check deposits from your smartphone
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Free direct deposit
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Free card-to-card transfers, any time, anywhere, in seconds
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No overdraft fees — never goes negative!
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Safer than cash – 24/7 support, Visa fraud protection and 100% FDIC insurance on funds
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No debt, financially responsible, no interest/credit/APRs
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No credit check and approval in seconds
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22,000 in-network ATMs
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Thousands of cool, unique card designs to choose from, including brands like: Garfield, Popeye, Betty Paige, James Dean, Care Bears, Walking Dead, Star Trek, Autism Awareness, Breast Cancer Research, Shark Week, Where’s Waldo, Doodle Jump, etc.
This card is not a gift card, so you can’t give or receive the card as a gift – It’s better than a gift card because you don’t just use it once and toss it, but instead get to replace your boring bank-issued debit card and show it off over and over.
Free for 30 days – then $5.95 monthly fee, which is waived when you direct deposit over $800 in the previous 30 days. This fee is the same as the Walmart prepaid card and way less than many competitors. It’s also much less than overdrafting your bank account, paying for a checking account or using a credit card.
How have you helped to teach your children how to handle money?
photo credits: www.costumes4less.com disclosure- This is a compensated post- all opinions are my own
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