I have seen cases where Teens in their 12-17 ask which bank card is best for them. If you’re among any confused teen who isn’t sure of the card to go for then I’ll advise you to read this piece of information to the end.
I have taken my time to make in-depth research to understand why teens are looking for the right card for them.
In today’s article, we’re going to talk about the Best Bank Cards For 12-17-Year-Olds and why we considered those cards to be the best among the rest out there.
Without boring you and wasting much time, let us dive into the Best Bank Cards For 12-17-Year-Olds and how you can get one as a teen.
I believe you must have been hearing of debit cards. These cards which are mostly used by adults is also available for teens. The card is designed just like that of the adults by making sure it gives you that flexibility when it comes to managing your money.
You might not like what I’m about to say, but the truth is, your parent or guardians still have full control of the card.
The card allows you to understand the concept of money, budgeting, and savings while your parents take care of the security aspect of your card in other to protect you from getting into any form of financial trouble you might get yourself into.
Before we came to the conclusion about which cards are the best for teens, we examined different functionalities and other factors. One of the ones we took into consideration the most is the case of debit cards that pair with mobile apps that have built-in financial education as well as the ability to track spending and savings over time.
Some of these card issuers offer accounts with spending limits which will help you a lot when it comes to overspending while they allow you to navigate and make the right financial decisions.
One thing I noticed while I was making research, I realized that most smaller banks have features better suited to teens than larger banks. So if you don’t see a larger bank, know that we excluded them because of that very reason.
(5) Best Debit Card for Teens In 2022
Below are the debit cards which we considered the best for teens in 2022. Before we made this list, we considered factors like Financial control, parental control, financial education, security features, customer service, spending control, fees, and best offer.
Greenlight Kids’ Debit Card
Axos Bank First Checking Account + Debit Card
BusyKid Visa Prepaid Spend Card
GoHenry Debit Card
Jassby Virtual Debit Card
Greenlight Kids’ Debit Card
Greenlight Kids’ Debit Card is the best among my list of debit cards for teens. Even though the card has a monthly fee of $4.99 to $9.98/month (up to 5 kids) the card is available in over 50 states in the United States with an $0 reload fee.
Why Did I Consider Greenlight Kids’ Debit Card As The Overall Best?
The card comes with a load of amazing features which are irresistible. The Greenlight Kids’ Debit Card allows you to manage your finance, make instant transfers, receive real-time notifications, and also control your spending.
Greenlight also covers up to five debit cards even with the lowest-cost monthly plan, making it a great option for households with multiple teens.
Pros Of Greenlight Kids’ Debit Card
Your parents have full control of the credit card which they can use to protect you from falling into any financial troubles.
The card has a built-in financial education
The card also has core management and payments
The card also allows you to block spending for specific stores.
Cons Of Greenlight Kids’ Debit Card
The card allows you to spend a maximum of $1,500 daily.
The account can only be funded through a bank account or debit card.
Axos Bank First Checking Account + Debit Card
Axos Bank First Checking Account + Debit Card is available to teens who wish to have a debit card of their own. The card comes with no account fees, no maintenance fee no overdraft or insufficient funds fees, and up to $12 in ATM fee reimbursements per month.
The Axos bank is known to offer checking accounts for teens within the ages of 13 to 17. The account comes as a standard checking account with an online bill pay, peer-to-peer payments, and FDIC insurance. One of the most amazing thing about it is the fact that you don’t need to worry about account maintainance fees, no overdraft fees, and ATM charges are reimbursed for up to $12 each month.
Pros Of Greenlight Kids’ Debit Card
You don’t get tp pay any fee
You can use the card on any ATM
Access to joint checking account with teens
Cons Of Greenlight Kids’ Debit Card
The card and account is only available to teens from age 13 to 17.
There is limited parental controls via the mobile app.
BusyKid Visa Prepaid Spend Card
The BusyKid Visa Prepaid Spend Card is also another great debit card which has a the option for prepaid funding. This means that the card can be funded which you can spend the money in it. the card also offers full parental control of loading the card, investing, and donating.
As a parent who intend to get this card for you child, you can prevent transfers and boost saving by using money movement controls to lock certain feature.
The BusyKid Visa Prepaid Spend Card comes with the BusyKid mobile app which allows parents to pay their kids directly for chores and other works. This also allows kids to choose from various options such as saving, spending, investing, or donate any money they earn through the app.
Pros Of BusyKid Visa Prepaid Spend Card
The mobile app is user friendly
The account can be funded through various means such as debit card, credit car, or even checking account.
Savings locks and account alerts
Cons Of BusyKid Visa Prepaid Spend Card
You get to pay a fee on your fourth attempt when your purchase is declined for the fourth time.
A $5 fee is needed for a card replacement
$1.50 ATM fees
GoHenry Debit Card
The GoHenry Debit Card comes with a $3.99/month fee for every teen, a $0 reload fee and it is also accessible or available in 50 states in the united state.
GoHenry is a U.K. -based company that is known to offer debit card and a mobile app which is tailored for the needs of kids within the age of 6-18. The card which also has a mobile app is designed to help them manage their allowance and chore money.
It also has a built-in financial education tools, including “money missions,” which are interactive financial lessons based on the K-12 Personal Finance Education National Standards.
The GoHenry debit card also comes with a lot of amazing features such as chores and allowance tracking, real-time alerts, and parental spending controls. GoHenry also offers customer support via phone, email, or chat, seven days a week.
Pros of GoHenry Debit Card
You get to reach customer care service 24/7.
There are a lot of financial resources at your disposal
You get to enjoy the spending control option which will help you manage your money properly
Cons of GoHenry Debit Card
The card has a $3.99/month, child fee which is way higher than what other competitors are charging.
The card also comes with a $1.50 ATM fees
Jassby Virtual Debit Card
Jassby Virtual Debit Card is another fantastic card that comes with great security for your virtual debit card. The card also comes withpin and biometric security option for every purchase, and also full parental control for each account.
An an online bank, the bank gives you access to a virtual card which you can use with apple pay for in-store purchases. With this, teens don’t need to be concern about loosing a physical card.
The debit card is issued by Mastercard, and Jassby accounts are FDIC insured through Sutton Bank of Ohio.
With the kids friendly mobile app of Jassby, parents can assign chores, setup recurring allowance payments, and monitor any transactions on the account. Kids also gain access to Jassby’s rewards program, which provides awards for completing tasks that increase their financial literacy. One great thing also about the card is the $0 fees for using the card.
Any one who wants to get the card must be 18 years, be a legal U.S. citizen or legal resident with a U.S. phone number and an iOS or Android device, and have a U.S. bank account or credit card.
Pros Of Jassby Virtual Debit Card
Virtual card is free
Apple Pay compatible
PINs and biometric access authentication capabilities
No fees
Cons Of Jassby Virtual Debit Card
You need to pay the sum of $5 in other to get the Physical card
Conclusion/Final Verdict
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