5 Best Credit Cards For Kids

Credit cards for kids come with a lot of daunting responsibilities. It would be unwise to jump in there and start picking and choosing without the proper knowledge of what you are up against.

How To Decide If Your Child Is Ready For A Credit Card

Before deciding to add your kid to your account and rushing to make that call to your credit card issuer, evaluate their readiness for the heavy responsibility you are about to lay on them.

5 Best Credit Cards For Kids

1. Discover It Student Cash Back Credit Card

This is a favorite among college students, mostly as it helps them build credit history effectively while developing healthy spending habits. In addition, the card comes with zero annual fees, a $0 fraud liability policy, and a 0% introductory interest rate.

2. Greenlight

Greenlight is a debit card for kids that doubles up as an educational tool. Your child can monitor their card balance in the ‘Earn, Spend, Save, and Give’ accounts and gain critical insights on smart spending, investing, saving, as well as giving back.

3. FamZoo Prepaid Card

This is an incredible alternative to credit cards for kids under 18 years. It is a perfect training tool for financial literacy because it gives both parents and children access to the same credit account.

4. GoHenry

GoHenry is a powerful financial tool for kids aged between 6 and 12 and teens ages 13 to 18 years as well as their parents. You can access the account through the app set up an automated allowance payment and top up your child’s account.

5. Journey Student Credit Card From Capital One

Besides students, this credit card for kids is open to any individual with a credit score between 580 and 699. In addition, you can expect zero annual fees and zero foreign transaction fees with this card.

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