Saturday, August 21, 2010

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PREPAID STUDENT CREDIT CARD

Since a lot of teens who are starting college are going away from home, parents need to make sure that they could give their children the money they need. There are many options to send money nowadays, like money transfer services but this kind of service usually is a hassle to college students who barely have the time to study.

One fast and safe way for parents to send money to their college teens is by getting a prepaid student credit card. This card works basically the same as any credit card, but the difference is that parents can just give the card to their teen, load the card with the amount of money they want their kids to receive, and they would be able to use it anywhere. A prepaid student credit card gives financial freedom teens want and the financial control parents need.

With a prepaid student credit card, parents can give their teens the financial independence they want while they begin to learn how to manage money. This really could help parents teach their teens the importance of managing money.
The prepaid student credit card is accepted anywhere so it couldn’t be more convenient. Your teen can use it for everything from book purchases to daily allowances. It’s also much safer than carrying cash, giving both of you peace of mind. And when in need of cash, your teen can withdraw it from a specific ATM, freeing you from repeated requests to send money. The Prepaid Student Card is one of the smartest, easiest ways to teach teens about financial responsibility.
Here is a list of the benefits that your teen could get with a prepaid student credit card:

1. TEACH FINANCIAL MANAGEMENT SKILLS
Prepaid student credit cards are a great way for parents to teach their teens hot to manage their allowance or money from a part-time job. Transaction histories can be viewed online anytime, depending on your bank, so they can see how and where money is being spent.

2. VERY EASY TO USE
This card allows parents to send cash easily even if students are away from home. Also, students will be able to buy without carrying cash, a safe way to purchase what they need.

3. 24-HOUR AVAILABILITY
The card will enable students to withdraw cash anytime at any specific ATMs.

4. RELOADABLE FROM ANYWHERE
Parents can reload the prepaid student credit card by phone or online, 24 hours a day, 7 days a week, with their registered credit or debit card. Also, another way to reload is to simply stop by their local branch. Prepaid student credit cards that are personalized can be reloaded as much as they want while non-personalized, instant-issue cards can be reloaded up to three times.

5. ZERO LIABILITY
Prepaid student credit cards offer protection from fraudulent use of a lost or stolen card.

6. FLEXIBILITY
Whether surfing the net or shopping for the latest trends, students can use their prepaid student credit card for to buy at millions of locations where your card provider is accepted.

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