BusyKid VISA® Prepaid Spend Debit Card for Teens
Consumer Reviews, Fees, Credit Score, Application & Best Alternatives
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BusyKid is a great platform that can help you educate your kids on the importance of money for free. It can be used by all US citizens and allows parents to automatize the allowance process while promoting chores.
They're fully modifiable, allowing parents to modify the chores and their respective values based on their wants. The platform itself is jam-packed with different features, all centered around proper child financial education.
Parents can completely manage the BusyKid Visa Spend Card while still giving the child a lot of purchasing power. Anything your kid wants to buy, you will have to approve of first. These cards are also affordable, and come with a 30-day free trial period.
- Motivates your kids to save, earn, invest, share and spend allowance wisely
- Pre-set chores and allowances based upon ages
- Full parental activity and account balances monitoring
- Teach shopping and gives spending freedom
- Allows investing allowance in stock for companies like Apple, Disney, or Netflix
- Easy to donate any percentage of allowance to 25+ Charities
- Pay bonus to Kids for any task, anytime
- BusyKid Prepaid Card is issued by Stride Bank, N.A., Member FDIC
Everyone wants to teach their children about the value of money, and the importance that it has to a good life. It's now effortless to do so, through amazing applications and cards on the chore market. BusyKid Spend Card is one such card, which gives you ample education opportunities.
If you're looking to teach your children about money from a young age, you will need some help. Why not combine allowance, chores, and education all within one single platform - the BusyKid Spend Visa. As the name states, it's a great way to keep your children busy while handling their allowance and it has full Visa benefits.
This service provides essential educational opportunities and is available family-wide. It gives you the chance to virtualize the allowance process completely while giving your child an ample option to learn about life through money, chores, stock markets, and charity!
The BusyKid Company & Its Goals
BusyKid is a financial company, formed back in 2011. It was created by a financial planner, who was looking to teach children about money through the use of modern technology.
The service strives to help kids develop good habits, and learn all there is to know about personal finance. The app also seeks to give parents a breather, allowing them to base their kid's allowance on chores. It promotes education, duties.
BusyKid comes chock full of different features, all of which promote education on financial topics. These features are centered around teaching kids everything there is to know about money, responsibility, and tasks at hand.
The feature list is as follows:
This is a chart that allows parents to base allowance and chores on the age of the child. If your child is young, they're going to get more straightforward tasks centered around that age. Now, this is also fully customizable, adding another level of app manipulation to the parent.
Purchasing Power for Kids
BusyKid is based on the VISA platform, meaning that you're going to give your child a lot of potential purchasing power. All the transactions need to be approved by the parent after they're attempted.
Stock Exchange Investments
Your little stockbroker is going to love this. The BusyKid platform allows children to invest their allowance into real companies like Disney, Apple, and Netflix.
Donations to Charity
Sharing is caring, and this is why BusyKid allows children to share their allowance to a charity. There are over 20 charities to choose from, teaching your kid about the importance of charities and their work. (See Charity Charge World Mastercard)
If your child has been performing tasks outstandingly, you can reward them with more allowance through the bonus options.
Best BusyKid alternatives available for application
- Fully customizable chore/allowance
- Fixed and transparent fees
- A fantastic educational tool
- Charity and Stock options
- Fully optimized for kids
- Easy card loading
- High limits, security, and encryption
- Relatively slow customer support
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BusyKid VISA® Prepaid Spend Debit Card for Teens
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