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You can't say that about cash. Mastercard is the only payment brand that provides its U. Your Mastercard Prepaid Card is accepted everywhere Mastercard debit cards are accepted and you can even have your paycheck directly deposited to your registered card.

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Credit Card Insider receives compensation from advertisers whose products may be mentioned on this page. Advertiser relationships do not affect card evaluations. Advertising partners do not edit or endorse our editorial content.

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Grow your savings, automatically. No overdraft. No minimum balance.

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Compare credit cards now. You might think your teen is far too young to use a credit card. After adding your teen as an authorized user, you have control over their account and can see how they use their card. With insight into their spending, you can more effectively teach them solid financial habits.

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In our Money Mic series, we hand over the podium to people with controversial views about money. These are their views, not ours, but we welcome your responses. Today, one woman shares what happened when she handed over a cash-loaded debit card to her teenage son.

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You should allow 30 days from the date the company receives a return for the credit to be applied to your account. Many purchase agreements specifically exclude shipping and handling on returns, so you may find that your refund does not include shipping and handling. If you have questions, you should immediately contact the company from which you made the purchase.

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MANY children learn to save by stashing cash in a piggy bank or jar, then graduate to a basic savings deposit account. But as teenagers, they start to spend more — lunch while on a field trip, a movie with a friend — and may need an account that lets them make purchases with a debit card. A variety of options are available, including traditional checking accounts with debit cards, as well as prepaid debit cards, that parents can manage jointly with a child. The cards give children control over their own cash but allow parents to monitor the spending and offer guidance as needed.

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Teens can handle credit and debit cards with guidance. By the time a teen is old enough to be eligible for their own credit cardthey should already know how to handle it responsibly. Introduce tweens to a debit cardeither prepaid or connected to a bank account their own.

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