Current Visa debit card review: perfect for teens!
In this Current Visa debit card review you will see how this card can help you teach your teenagers about money.
The earlier one learns about money, the better, and this card was designed just for that
It is one of the great parenting challenges to educate kids about money. This card comes to assist parents in that task. Check out this Current Visa debit card review.
- Credit Score: N/A
- APR: N/A
- Annual Fee: $36
- Fees: 3% foreign transaction fee, $3 foreign ATM fee
- Welcome bonus: N/A
- Rewards: 15X points back in purchases with participating merchants.
Current is a financial technology company which offers financial products that give teens the financial freedom they crave with the visibility and security parents need.
With the Current Visa debit card kids can learn not only to spend, but also save and manage their money.
Current Visa debit card: how does it work?
The Current Visa debit card is an excellent tool for parents to easily pay their teenagers an allowance and monitor their spending.
With this card teenagers can make purchases, set savings goals, learn and practice good financial habits with the assistance of their parents.
The card allows you to easily and instantly transfer money to family and friends, schedule kids allowance in advance, and receive direct deposits.
It also makes it possible for you to take pictures of checks and add them to the account. There are even donation options which allow teens to send money directly to charities.
Parents also have the ability to set spending limits and block certain stores or categories, and have 24/7 access to their account.
The card does not carry a lot of fees. There is an annual subscription fee which costs $36 per teen. When you activate the account you have a 30-day free trial, and if you choose to keep the card, the fee applies automatically each year from then on.
There are only two additional fees which you incur in the event of an international trip where your teenager uses the card. There is a $3 international ATM fee and a 3% international transaction fee.
Local ATM withdrawals do not incur any fees from the Current Visa debit card. There might, however, be a fee from the bank.
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Significant benefits and disadvantages you may find
Now you are familiar with the card’s details. However, without a clear comparison between its pros and cons, our Current Visa debit card review would not be complete.
Check out the list of benefits and disadvantages we have prepared for you below.
- Easy and simple control for parents
- Robust mobile app
- Wide ATM coverage
- Excellent customer service
- Limits to ATM withdrawals, daily purchases, and transactions
- $36 annual fee
- Limited rewards
Is a good credit score required for applicants?
The Current Visa debit card does not require applicants to even have a credit score.
Most debit cards, especially ones designed for individuals just starting their financial lives, do not require a credit score.
Learn how to apply and get a Current Visa debit card
So, do you like what you have seen in this Current Visa debit card review? If so, you might want to take the next step and open an account to get the card.
If you wish to do so, hit the link below, and we will show you step by step how to do it.
About the author / Danilo Pereira
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