Credit Card Review & Application
- Teen debit card benefits
- 14 different design to choose from
- No credit checks and No credit risk
- Instantly Lock and Unlock the card
- Strict spending limits and easy monitoring
- Safer than cash with lost card protection
- Use at millions of locations worldwide
- Lower fees than bank cards
- Family and friends can load it
|APR on Purchases:||N/A *|
|Card Issuer:||University Bank|
|Card Category:||Consumer (Stored Value)|
|Card Type:||- Card for Bad Credit|
- Co-Branded Credit Card
- Guaranteed Approval
- Prepaid Debit Card
- Teen Debit Card
|Credit Needed:||Accepts All*|
A teenager may be ready for the freedom of making purchases with a credit card, but not for the responsibility that comes with the limitless nature of a credit card. The Green Starburst Prepaid MasterCard is a great compromise for both the teen and the parent.
It is a preloaded credit card that requires no credit check because it can carry no revolving balance. It has the spending limit of whatever is loaded on the card, so there is no chance of overspending or a surprise when you get your credit card statement.
There is no worry about hurting your credit rating by things such as late payments or overspending because it is preloaded and limited. In most cases, it also carries lower fees than most bank cards.
Gift cards have been the trend since their inception and are a great alternative to cash for the hard-to-buy-for teenager. They limit, however, the location where they can be spent. Family and friends unable to find the right gift, can load money onto the card remotely as well. It can be spent like most credit cards at millions of locations worldwide, including the Internet.
Giving cash to a teenager is futile -- usually it is lost before it is even spent. If there is something that they want to purchase, loading the card for an allowance, holidays, or special occasions, is like putting savings in a bank account.
They are able to see the accumulation of the balance as the money is loaded. Once they have achieved their goal, they have the freedom to make purchases at their own will. The card will incentive them to save toward a purchasing goal, giving them the purchasing power to make decisions about their money on their own.
If the card is lost or stolen, unlike cash, it can be replaced easily. If it is misplaced, you are also able to lock it while you continue to look for it and unlock it if it is found. Ideal for the teen on vacation or away at school, if funds run low you are able to reload money onto the card which is available to them instantly.
Unlike giving them the use of your credit card, there is a set balance that they cannot exceed. Don�t give them too much freedom to get into trouble. This card is a great money teaching tool, teaching them to budget and the responsibility of control over impulse spending.
The card is maintained via your email, so you retain all control over the card. You can check activity, the balance, and even set it up to receive email or text alerts. You also have the power to lock the card at any point and then unlock it when you choose. They have the freedom to make purchases, but you maintain the control over the card.
|Other Benefits:||*See Credit Card Holder Agreement for Other Benefits|
|Online Account Access:||Yes|
|100% Guarantee Approval:||Yes|
|APR on Purchases:||N/A *|
|Late Payment Fee:||N/A*|
|Additional Fees|| |
ATM Balance Inquiry – Domestic - $0.50
ATM Balance Inquiry – Intl. - $1.00
ATM Decline – Domestic - $0.50
ATM Decline – Intl. - $0.50
ATM Insufficient Funds – Domestic - $0.50
ATM Insufficient Funds – Intl. - $0.50
ATM Withdrawal – Domestic - $1.50
ATM Withdrawal – Intl. - $2.50
Activation Fee - FREE
Card Replacement - $7.95
Monthly Allowance Load (ACH) - $1.50
Monthly Service Fee - $3.95
Overdraft Fee - FREE
PIN Based Purchase Fee - FREE
Prepaid Card One-Time Load (ACH) - $1.75
Prepaid Card One-Time Load (Credit Card) - $2.95
Replacement Card Express Service - $25.00
Signature Purchase Fee - FREE
|We do not offer online application for this card at the moment.|
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† The information provided for Green Starburst Prepaid MasterCard® is believed to be accurate at the time of evaluation (Mar 23, 2014). We strongly advise visitors to review the terms and conditions to verify accuracy of the information posted prior to applying for the product.