Credit cards for teens might have tremendously changed over the years. With new bank rates changing every few months. I can provide you with some general recommendations for credit cards suitable for teenagers, and if you’re a parent of a teen with special needs check these debit cards out.
However, keep in mind that credit cards are typically issued to individuals who are at least 18 years old, so teens under 18 will often need a parent or guardian as a co-signer to be eligible.
Additionally, responsible use of credit cards is crucial for teens to avoid accumulating debt and building a good credit history. Here are some options to consider:
- Capital One Journey Student Rewards: Designed for students, this card offers cashback rewards and tools to help users build good credit.
- Discover it® Student Cash Back: Tailored for students, this card provides cashback rewards on purchases and incentives for maintaining good grades.
- Bank of America® Travel Rewards Credit Card for Students: Ideal for students who love to travel, it offers travel rewards and has no foreign transaction fees.
- Citi® Secured Mastercard®: Suitable for teens with limited or no credit history, this card requires a security deposit but helps build credit when used responsibly.
- Wells Fargo Cash Back College Card: Geared towards college students, this card provides cashback rewards on everyday purchases.
- Chase Freedom® Student Credit Card: This card offers cashback rewards and provides tools to build credit for students.
- American Express Bluebird Prepaid Card: Though not a traditional credit card, it’s a prepaid card that can be useful for teaching teens about money management.
- Greenlight Debit Card for Kids: Specifically designed for kids and teens, this is a debit card that parents can control and monitor.
- PayPal Prepaid Mastercard®: Another prepaid option parents can use to teach teens about budgeting and responsible spending.
- USAA Youth Spending: Available to children of USAA members, this card allows parents to oversee spending and teach financial responsibility.
Please note that credit card offerings may vary by region and may have changed since my last update. Always research the latest options and read the terms and conditions carefully before applying for any credit card.
Moreover, parents or guardians should educate their teens about responsible credit card usage to avoid potential pitfalls associated with credit card debt.
Comment down below your favorite credit card for you Teen.
