Student Debt and Credit Education Blog

Current events and opinions about student credit issues

Discover’s Prepaid Card, Teens & Parents Approve

Posted in Credit, Credit Cards, Financial Information by Little Miss Platinum

If your pleas to convince Mom and Dad that you’re responsible, and that you will not abuse a credit card or debit card have been met with sadistic laughter and your least favorite word, “No,” than perhaps it’s time to try a new strategy. Look at things through their eyes.

They were young once too (believe it or not) and felt the temptations of the mighty plastic themselves. They know how easy it is to run up a huge debt or deplete a savings account. They basically view your request as another bill they’ll have to pay in a time when most are trying to pay down outstanding balances and ride out the economic storm. What I would suggest doing is to speak their language. Tell them about the Discover Teen Prepaid Debit Card with built-in parental controls. It’s not only great for you, but probably your best chance at getting your own debit card and proving just how responsible you are.

Why it’s great for Teens

  • No previous credit needed
  • Make purchases online, over the phone, & in stores
  • Withdraw cash from ATM’s
  • Exclusive discounts at your favorite merchants
  • Unique card designs

Why it’s great for Parents

  • Easily to add funds from a credit card or bank account
  • No APR
  • Daily, Weekly, and monthly Spending limit management
  • Restrict use in unwanted shopping categories (e.g. Liquor Stores, Tobacco Stores, Hotels, etc)

Additional Card Details

  • $0 Fraud liability (safe way to keep and spend money)
  • Free Direct Deposit for Parents and Teens
  • $5 monthly fee or $50 annually

Discover’s prepaid card really is a win-win for all. Teens get the financial independence they crave (up to the maximum on the debit card of course) while parents maintain control over the daily, weekly, and monthly limits, as well as the shopping categories.

Teens and parents don’t see eye to eye on many things, so relish this rare moment of nirvana.

Special code for scholarshippoints.com members: LUVPREPAY


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142 Responses to “Discover’s Prepaid Card, Teens & Parents Approve”

  1. Rachel Richardson says on October 26, 2009 at 11:23 pm:

    I donot like pre pay credit cards if you got the money to put on a card you can pay cash for what you want to buy I want on credit card

    Reply To This Comment
  2. Paul Obrejan says on November 9, 2009 at 5:40 pm:

    I wish to get a credit card already so I could build up a credit score for myself.

    Reply To This Comment
  3. Cynthia says on November 11, 2009 at 1:01 pm:

    I’ve got one of these and they are so easy to use plus I have a job so with this I dont have to ask my grandma to spend my own money on whatever I want

    Reply To This Comment
  4. Teresa says on November 12, 2009 at 1:27 am:

    Thats great!

    Reply To This Comment
  5. saida cooke says on November 20, 2009 at 1:44 pm:

    this is cool because i never kew that.

    Reply To This Comment
  6. saida cooke says on November 20, 2009 at 1:45 pm:

    wowI this really open up my eyes to a knew world.

    Reply To This Comment
  7. Brett says on November 27, 2009 at 12:59 pm:

    Interesting.

    Reply To This Comment
  8. rachel says on December 3, 2009 at 10:02 pm:

    i love my precards are excellent

    Reply To This Comment
  9. tyler says on December 5, 2009 at 10:10 pm:

    wow…nice

    Reply To This Comment
  10. Divina says on December 7, 2009 at 7:16 pm:

    wOW, i’ll have to tell my parents about this.

    Reply To This Comment
  11. Reeya says on December 8, 2009 at 7:00 pm:

    awesome..i like it

    Reply To This Comment
  12. Katharine says on December 10, 2009 at 10:07 am:

    this is useful for both kids and parents. It helps both of them get what they want. i had one before and it was very easy to work with and must easier for my parents to deal with me having so much money because the could control it.

    Reply To This Comment
  13. Pa Kou says on December 11, 2009 at 3:36 am:

    This is very good for the student and the parent.

    Reply To This Comment
  14. Jasmine says on December 14, 2009 at 1:11 am:

    this really helped my sister

    Reply To This Comment
  15. Ashley says on January 24, 2010 at 4:56 pm:

    I think this is a great way to show you what’s to come when your on your own. Nice and safe way to learn how to successfully use a card without screwing up your credit score.

    Reply To This Comment
  16. thomasstarish says on May 20, 2010 at 4:46 am:

    The initiative taken for the concern is very serious and need an
    attention of every one. This is the concern which exists in the
    society and needs to be eliminated from the society as soon as
    possible.
    ==================
    http://www.allcreditcards.info

    Reply To This Comment
  17. thomasstarish says on May 20, 2010 at 4:48 am:

    The initiative taken for the concern is very serious and need an
    attention of every one. This is the concern which exists in the
    society and needs to be eliminated from the society as soon as
    possible.
    ==========================
    http://www.allcreditcards.info

    Reply To This Comment

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