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Discover Debit Card for Teens

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Red1Blue
Super Contributor

Discover Debit Card for Teens

Message 1 of 10
9 REPLIES 9
Anonymous
Not applicable

Re: Discover Debit Card for Teens

Yep, CCC's LOVE to hold your money for you and then get to charge the merchant a fee when you spend it Smiley Happy

 

Concord, was this an FYI, endorsement or what is your opinion on the product?  Do you use it?

 

 

Message 2 of 10
Anonymous
Not applicable

Re: Discover Debit Card for Teens

This has been a popular product for arbitrage for a while now. You can fund the card with a credit card and it posts as a purchase rather than a cash advance. You can then withdraw the money at an ATM. If you use a card with a promo 0% for purchases and a good reward program you can make some decent money.
Message 3 of 10
Anonymous
Not applicable

Re: Discover Debit Card for Teens

Nice info! Thanks.

 

 

Message 4 of 10
FretlessMayhem
Senior Contributor

Re: Discover Debit Card for Teens

Does it have Cashback Bonus?
Here we go again...
Message 5 of 10
Anonymous
Not applicable

Re: Discover Debit Card for Teens


@FretlessMayhem wrote:
Does it have Cashback Bonus?

No, but it has a low monthly fee of $5.

Message 6 of 10
Anonymous
Not applicable

Re: Discover Debit Card for Teens

Ouch!  $60 AF for a debit card.

 

 

 

 

Message 7 of 10
creditwherecreditisdue
Senior Contributor

Re: Discover Debit Card for Teens


@Anonymous wrote:

Ouch!  $60 AF for a debit card.


Just remember you can make it back through arbitrage!

Message 8 of 10
Anonymous
Not applicable

Re: Discover Debit Card for Teens

A free AU card would provide better returns Smiley Happy

 

 

Message 9 of 10
pattycake
Established Contributor

Re: Discover Debit Card for Teens


@Anonymous wrote:

A free AU card would provide better returns Smiley Happy

 

 


 

 

Especially one with rewards!

pattycake's FICOs: 6/2/10 - TU: 708; EX: ???; EQ: 749
Message 10 of 10
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