The 5 Best Credit Cards for Teenagers

Having a credit card is a big responsibility. The way you manage credit can greatly influence your credit score, which impacts whether you qualify for loans. Given the level of responsibility, you may hesitate giving your teenager a credit card. Teenagers often shop frivolously and this behavior increases their risk of debt. To avoid debt problems, you might suggest a prepaid card. These cards teach budgeting and self-control, but they are not necessarily the best credit cards for teens.

A prepaid credit card is a type of debit card. These cards do not build credit because teens can only spend what they deposit on the card. An actual credit card in your teen's name can help him or her establish credit at an early age. If you are searching and comparing the best cards for teens, here are five options.

1. Citi Dividend Card for College Students

Earn bonus cash back on rotating categories each quarter, such as dining out, groceries and entertainment. Plus, 1% cash back on all other purchases. Online account management lets you monitor your spending and pay bills online. Enjoy 0% interest on purchases for the first seven months. There is no annual fee.

Visa Black Card Review

The name itself speaks of the royal treatment position the credit card offers you with facilities letting you to the top of the world. According to surveys, this Visa Black Card has gained the reputation of giving the best offer that one can fancy about. You are lucky if you have been presented with this card since the policies refers that the elite member of the society with handsome income potentials are liable for it. A lot has been spoken about this card in the media lately, but here are some real facts for your reference:

a) The entire card is made up of card that is flexible, gives sophisticated look and even lets you handle it without care. You might have faced situations where your credit card has broken into halves and the bar code getting tampered. But with Visa Black Card, there are no thoughts of these cards of breaking or getting tampered easily.

b) The cash back offers on travelling are praise worthy. You can always get 1 percent of cash back on any airline travel and at times you can get even more depending on the airline and time of travel.