December 17, 2007

Prepaid Credit Cards For Kids

Kids are usually not allowed to own a credit card. But as many of them like to spend their occasional Euro in online worlds and Virtual Assets, some sales people wanted to see this resolved. One way is to offer prepaid cards or vouchers in retail, another is to introduce Prepaid Credit Cards for Kids. This is what is happening in Germany right now. Not only has Microsoft released their XBox Credit Card, also fashion retailer New Yorker introduced a prepaid credit card called “Dress Card”. These cards aim at kids 14+, of course they need their parents permission to get one and there are transaction limits, but it still makes purchasing and transactions online for them a lot easier.