Credit Card For Minors

[manofphat]

Came across this today. Pretty sweet idea:
http://www.muchmusic.com/muchmusiccard/

[gOOCH]

didnt somebody here post this already

[manofphat]

I don't think so. If they titled it similarly, it should show up in the "Similar Threads" section at the bottom of this page.

[Crayola]

so essentially... its cash

[The Killing Joke]

so essentially... its cash

And yet, a great way to teach young'uns how to manage their money. Actually, I would have loved to have had this when I was younger. It saves you having to go out and pick up cash to pay the pizza guy.

[ORION]

You can get these kind of things from alot of places, moneymart for example. the fees are where they get yah

[RANDOM H3RO]

First a bunch of 12 year olds are running around with cell phones now they're getting Credit Cards......I just don't understand this world anymore..... Parents can charge up credit cards for thier kids....I got a better idea, MAKE THEM WORK FOR IT...... My parents would never be stupid enough to give me a credit card at that young age. NO CONTROL. When you EARN money you learn that when you spend it all it's gone...... and you have to work to get more. When money and Daddy charge your card whenever it's empty all you learn is that Mommy and Daddy are still walking bank machines.

Now if the parents make them work for the money, or ask for payment from the children everytime it's charged....THEN it's a good idea.

[Fabulous D]

yeah but i think its a good idea for ppl with bad credit too so its not only kids who use em...

[ORION]

Aren't they pre-paid? so yeah, so long as mom and dad aren't giving you a false sense of financial security then the only thing you stand to lose is a little dignity trying to go over the amount you put in on it.

[aftersh0ck]

That's just like a debit card with no limit. For rich kids with nice parents... :(