BillMyParents Prepaid Mastercard®
Teen debit card with real time alerts and low fees
Updated: Jul 4, 2024
A credit card a teenager can't get in trouble with, BillMyParents Prepaid Mastercard, has a spending limit, no revolving balance and lower than most bank card fees. There is no credit check required, and unlike cash, if it is lost or stolen, it can be locked and unlocked instantly.
ANNUAL FEE
N/A
ONGOING APR
N/A
INTRO APR
N/A
Application Fee
$0
Credit Reporting
No
Recommended Credit Score
Accepts All
Key Features
- Teen debit card benefits
- Get your teen started on the path to smart spending today
- Easily set strict spending limits
- Lock/Unlock Your Teen's Card with a Simple Text
- Monitor Purchase Alerts in Real-Time on Your Mobile Phone
- Family or Friends Can Reload Funds
- No Credit Risks or Overdraft Fees
- Safer than cash with lost card protection
- Use anywhere debit MasterCard is accepted
Our Take
BillMyParents Prepaid Mastercard is like cash that a teen cannot misplace. There is no credit check to obtain one and it has lower fees than most bank cards. It is easy to reload to pay allowance, or for those special occasions or birthdays. If there is something that they are wishing to purchase, they can accumulate money on their card and then spend it like cash online or at any of the other millions of locations worldwide, just like any other credit card. If by chance the card is misplaced or stolen, it can be locked and unlocked instantly, so there is no reason to cancel it when it can’t be found. Being prepaid, there are no overdraft fees or a revolving balance, saving them from the normal pitfalls of a limitless credit card.
Pros
- No credit check
- Easy monitoring
- Easy load
- Instant block/unblock
- No activation fees
Cons
- Monthly maintenance fee
- Discontinued
Best BillMyParents Alternatives Available for Application
Issuer: | University Bank |
---|---|
Network: | Mastercard® |
Category: | Consumer (Stored Value) |
Best Used For: |
|
Rewards: | No |
Opening Min: | $10 |
---|---|
Application Fee: | $0 |
ATM Fee: | $1.5 |
Similar Offers
BillMyParents Prepaid Mastercard®
Reviews - (6 User Reviews)Legit
Want to apply
Good
Save to Compare