topic Re: Card with flexible spending limit feature for authorized users in Credit Cards

Card with flexible spending limit feature for authorized users

NaaryalHead — Thu, 30 Dec 2021 18:45:00 GMT

I'm looking for a credit card where you can set a custom spending limit like $10, or 20 or 50 like limit from the app for authorized users eg a card I give to my child. Anyone knows if any bank offers such a feature?

Re: Card with flexible spending limit feature for authorized users

ChargedUp — Thu, 30 Dec 2021 19:17:30 GMT

Amex has this, but I believe the minimum you can set is $100.

Re: Card with flexible spending limit feature for authorized users

800wannabe420 — Thu, 30 Dec 2021 19:37:34 GMT

@NaaryalHead

NFCU credit card's AU can have a preset limit in $100 increments up to the limit of the card.

Re: Card with flexible spending limit feature for authorized users

CreditAggie — Thu, 30 Dec 2021 22:14:38 GMT

I think the Apple Card has this feature.

Re: Card with flexible spending limit feature for authorized users

Kforce — Thu, 30 Dec 2021 22:52:47 GMT

@NaaryalHead wrote:
I'm looking for a credit card where you can set a custom spending limit like $10, or 20 or 50 like limit from the app for authorized users eg a card I give to my child. Anyone knows if any bank offers such a feature?

That would be a nice feature for parents. None of my cards had that, so my work around was to use an old, worthless CU card and have the credit limit reduced.

Will follow this thread just for the fun, my kids all grown up with cards of their own now.

Re: Card with flexible spending limit feature for authorized users

Anonymous — Thu, 30 Dec 2021 23:00:48 GMT

The Apple Card has this. It allows you to give apple pay access to the card and set a per transaction limit.

Re: Card with flexible spending limit feature for authorized users

ptatohed — Fri, 31 Dec 2021 08:31:15 GMT

Chase debit cards have this but I am not sure if that's what you are looking for. I am in charge of my Dad's $1.1M Chase Trust account and I asked for a debit card in my sister's name as she often shops for him, takes him out to lunch, pays for gas to drive and see him, needs to pay his medical/dental co-pays, etc. Chase asked me if I wanted to set a spending/withdrawal max limit for her card when I requested it.

Re: Card with flexible spending limit feature for authorized users

disdreamin — Fri, 31 Dec 2021 17:31:42 GMT

@ChargedUp wrote:
Amex has this, but I believe the minimum you can set is $100.

My AmEx BCP lowest threshold is $200, for what it's worth. Perhaps other products have different minimum threholds though.

Another idea is a debit card where you can use something like a card valet app to restrict spending on their cards. If you want true credit cards, though, perhaps the Apple card would be useful if you're in that ecosystem, as others have suggested.