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Best Credit Cards for Kids: Building Credit & Money Habits Early

  • October 19, 2022

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Best Credit Cards for Kids

Thanks to children's debit cards, faster and better financial literacy are possible, as well as the development of various skill sets. It gives parents the option of 2 in 1, chores and duties + allowance money (and bonuses).

Before you get your kids involved in the whole process of building kids credit and debit cards, you must first explain to them what money is, where it comes from, and how it works.

Children must also know how to distinguish between priorities and luxuries, to sometimes wait and buy something other than spending money on small things. You have to explain to the children that money should be earned by hard work and that it does not fall from a tree.

Children are a mirror of you, be careful how you talk about money and how much you spend in front of them. If you were wondering what a kids credit card is, don't worry we will explain to you everything you need to know.

How to explain to the kids what credit cards are

Something like a game, the sooner the children complete their duties, the parents give positive points that lead to bonuses.

Of course, if the children do not complete the work assigned by their parents, they must receive negative points and repeat the task. It is important to make it more interesting for children, to understand that they need to work to earn money for toys, gadgets, and other expenses.

Children know that when you give them their independent children's cards, you trust them. And you must explain to them that money comes from hard work and not from magic trees and magic boxes (ATMs).

Explain that the more they participate and fulfill obligations, tasks, and duties, the more they will progress and earn money.

Mobile apps and building credit

These apps make life easier for parents because they include all accounts in one place. Parents can control their children's transactions, and monitor spending, saving, donating, and investing money

In addition to all this, there are also special tables that parents can customize for the needs of their family.

Creating good money habits in children's character is one of the basic skills that every parent must teach their children. 

The child must have a role within the family and community, as well as duties that must be done equally under their age.

Best offers on the market

Currently, some of the best on the market are BusyKid, FamZoo, and GoHeny.


BusyKid does not require an age limit for children who can own a card. Also, all personal data as well as children's cards are specially protected. This offer is more than learning about money, this is learning about financial literacy, savings, and donations. 

The possibilities that BusyKid offers are endless because children have the opportunity to invest, fulfill the obligations that their parents give them, and donate part to charity. Parents can monitor the activities on the child's account. 

It offers the possibility of the BusyPay option, which enables third parties to send money via a QR code. It is good for gifts, holidays, paying for babysitting your kids, or putting them on a payroll. 

The offer includes five cards for $3.99 per month and $38.99 per year, and save 20% with the second option. The tables are intended to meet the personal needs of family members. They offer many bonuses that parents can pay their children when they deserve it.


GoHenry debit cards for children, the minimum age limit is 6 years. It is used like a credit card for saving and doing chores assigned by parents, as well as the possibility for parents to pay when their children do some work. 

There is an ATM fee of $1.50 per transaction, a monthly fee of $3.99, and a 30-day free trial.


At Greenlight, there is no minimum age for the child, there is a fee that is a little higher than the others from 5$ to 10$, and it includes up to 5 children. 

A free trial is available. Parents set savings goals for their children, draw up a detailed plan, and teach them how to spend rationally and invest money. 

The only thing with this option is that the sale of your personal information is not prohibited.


This is a debit card for children that works with the help of a mobile app. The age limit is 13 years. There is no monthly fee, but there is a 3% fee for foreign currency transactions. Parents can set limits and block certain types of purchases. 

This offer also provides the opportunity to send money to friends and family, as well as the ability to open a checking account when the child reaches adulthood.

Also, there is a function of setting goals and transferring money to them, so that children can reach their goal and have a reward at the end.


FamZoo offers prepaid cards for children with an IOU feature that helps parents manage allowances and chores. The age limit is 12 years. The monthly fee is $5.99 for two members of the family, which includes up to 4 children's cards. 

This offer also provides the opportunity to set financial goals for children and monitor their spending in real-time. Also, parents can pay their older children for work done around the house.

Piggy Bank

This is a very popular app that offers the opportunity to set goals and monitor spending. The age limit is 10 years. There is no monthly fee, but there is a $3 ATM fee per transaction. Parents can transfer money to their children's account and set limits on spending. 

This offer also provides the opportunity to invest money and learn about different investments. Also, children have the opportunity to donate part of their money to charity.