Oh Dear: Credit card firm targets teens

[milanbenes]

http://business.timesonline.co.uk/ar...010273,00.html

MASTERCARD was accused yesterday of encouraging teenagers to go into debt with the launch of a payment card for children.
The biggest credit card group is issuing prepayment cards to let youngsters purchase products on plastic.


Milan.

[dazza12]

I can't see how they can 'launch' a card that's been available for at least 3 years already. Why wasn't a fuss made back then.

And what's this about teens going into debt? It's a prepayment card!

[BobTheCrate]

The accusation that it is priming kids for credit cards is a fair criticism. Also it goes in the opposite direction to teaching kids the value of money.

[threaded]

A bit like them sugar ciggies of long ago.

[Lucifer Box]

A bit like them sugar ciggies of long ago.

Yeah, 20 a day man I was. Mind you, I was only after the UFO cards really.