Tired of being a piggy bank for your teens? Worried about your teen losing cash but don’t want them to have access to your credit or debit cards? This might be the solution for you! Get them a reloadable Mastercard with Bill My Parents.
I’ve heard nothing but good things about this program.
A good friend of mine is using this with her teenage daughter and it has really taught her about managing money!
Getting your kids a gift card this holiday season?
Why not get them this card instead?
More about this great card from their website-
Strict Spending Limits and Easy Monitoring
Your teen can’t spend more than their prepaid balance. You can monitor spending in real-time with email and text alerts and never worry about over spending. Gone are the days of overdrafts!
No Credit Checks and No Credit Risks
Because the card is prepaid and does not employ the use of credit. There are never any credit checks performed. Additionally, since there are no overdrafts, use of the card cannot affect your or your teen’s credit history.
Instantly Lock and Unlock the Card
If you see something you have questions about or a purchase that looks questionable, you can lock and unlock their card immediately.
Safer Than Cash with Lost Card Protection
Let’s face it. Teens lose things. If their card is lost or stolen, the money on their card is not lost. Their BillMyParents card can be replaced with the click of a button.
You’ll also have the security of knowing that with instant funding available, your teen will never be stranded in an emergency without money. Now that is peace of mind!
Reloadable Means Easy Allowances
You can setup your teen’s monthly allowance in seconds. It’s as easy as adding money to the card and checking a box that you would like it to be a recurring event.
Lower Fees Than Bank Cards
Many “free” checking accounts allow you to spend more than you have in your account and then charge you overdraft or NSF fees that can exceed $30 per incident. There are no overdrafts and never any overdraft fees with BillMyParents.
Use at Millions of Locations Worldwide
You get the benefit and convenience of MasterCard. Your teen’s card is accepted everywhere debit MasterCard is accepted. That’s millions of locations worldwide.