Greenlight Debit Mastercard for Kids

The Greenlight card and app were built with a suite of tools to help families manage daily finances and encourage kids to explore lessons in earning, spending, saving and giving. Greenlight app allows parents to choose the exact stores where their children can spend, manage chores and allowances, set parentpaid interest rates on savings and more. Kids monitor spending, watch their savings grow and learn to make real world trade-off decisions.
  • Reward kids for chores or pay out automated cash-free allowances at intervals you set. No more digging for change in the couch
  • Manage and monitor where, and how much your kids spend with their Greenlight card
  • Create savings goals for your child that encourages them to set aside money for a specific
  • purpose and track progress towards reaching that goal
  • No more late-night trips to the ATM or lost lunch money
  • The Greenlight app comes with a set of safety features to protect your accounts and monitor spending
Credit Target Type Annual Fee BT Intro APR Purchase Intro APR Regular APR Rewards
N/A Debit $4.99 per month* N/A* N/A* N/A* None

Greenlight Debit Mastercard for Kids Quick Summary:
This Mastercard offer is issued by Community Federal Savings Bank. This is a debit card that does not issue a line of credit. Many consumers use debit cards to help establish credit responsibility and control.

Important Rates:
This card does not have an APR or is not listed. Please read the disclosures regarding payment terms. A monthly fee exists for this card, and is the following: $4.99 per month**.

This is not a rewards card.

Other Basics:
The Greenlight card can be used almost anywhere Mastercard is accepted, online and in-store. "Almost," because our cardholders are kids, and Greenlight put important guardrails in place. Greenlight also works internationally in 150+ other countries, with no foreign transaction fees. No need to let us know if you travel abroad - you'll have enough to remember.

Other Remarks:

Kids grow up to make decisions about money that have a huge impact on their well-being as adults and unfortunately, schools don't always teach them about finance or the choices they’ll make when they leave the house. That's why Greenlight developed a debit card for kids that parents manage by app, using flexible parental controls that create teachable moments around earning, spending, saving and giving.

The mission of the Greenlight Debit Mastercard is to empower parents to raise a generation of financially-smart kids.

Our Editor's Commentary:
Read about what Finance Globe had to say about the Greenlight Debit Mastercard in our review.

Approval Time:
You should receive your Greenlight card within 5-10 days. For an additional charge, expedited shipping is available.

Community Opinion:
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