How to Get Credit Card for Teens?

Studies have shown that one in every three high schools seniors uses credit card.

And often lack of discipline and responsibility has led many fall into credit card debts. The numbers are staggering, to say the least.

Should teens have credit cards?

As long as parents are prepared to educate their teens early on the good habit of money management, credit card for teens are good for a variety of reasons.

Chief among them is to establish a good credit history and when the time comes, it'll be easier for your teens to qualify for any kind of loans and mortgages.

Not only that, as more and more employers relies on credit scores to evaluate job candidates, having a good credit score gives your teens an edge over other job seekers.

If you aren't ready to let your teens handle their own credit cards but still wanting to give them limited access to money, start your teens out with prepaid credit cards.

Prepaid credit cards are good alternative to regular credit cards for teens. You simply preload the card with their weekly or monthly allowance and let them use it on their own.

That way you help your teens learn to be responsible with money while maintaining control over their spending limit.

One such prepaid credit card is the a new Current Card by Discover® for teens that can help with just that. It is actually a debit card for teens that comes with built-in parental controls.

Teens can choose from one of seven unique teen card designs and have access to the following features and benefits:

• Debit Card for Teens with built-in parental controls
• Set daily, weekly, and monthly spending limits
• Restrict teen card use in unwanted shopping categories (e.g. liquor stores, tobacco stores, hotels, etc.)
• Free Direct Deposit for parents & teens
• Free deposits from any credit card or bank account
• $0 fraud liability guarantee
• Withdraw cash at ATMs
• Get exclusive discounts at teen’s favorite merchants
• Free e-mail and text message activity alerts
• No minimum balances, loading fees, or credit check

So, if you’re looking for a simple way to get credit card for your teens while giving them a more secure alternative to carrying cash and still maintaining total control, Current Card by Discover® is probably one of the best options available yet.

Keep in mind that since this is not a credit card, it's not possible to build a credit history for teens with this prepaid debit card.