While I was online today I came across something called an “Allow Card” (link below). Its a debit card designed especially for teens so that their parents can put their allowance directly on their debit card and not worry about credit card over-spending. As I read about it, I remembered the telling me about something very similar at my bank called “Mpower” (link below). My mom says that she’s ok with me getting a debit card and I like both of these but I really can’t decide.
Which one do you like the most? Even better, which one would you get for YOUR teenager?
-The Allow Card by MasterCard. Parents load money on to my card from their credit/debit or checking account. Financial lessons available on the website. ($20 registration fee) edit: this card has no risk of overdraft charges since it is not linked to any account.
-The Mpower Account by Visa. Debit card/checking account linked to my already-existing bank account. ($2 one-time membership fee)
Both seem like they would make a good choice. Help me out, pleeeease