Prepaid cards are great for teens. There’s no credit check required to get one. There’s no risk of piling up debt or overdraft fees while using them. Most cards are widely accepted both in stores and online. The best offerings also have nice parental controls, like the ability to easily lock and unlock the card at any time. Once locked, the card can’t be used for purchases or participate in transfers until it is subsequently unlocked.
Why would you lock your teen’s card? Here are 5 common reasons: