Kim Kardashian is now going to be endorsing the Kardashian Prepaid MasterCard, according to the New York Post. The card launches Tuesday night (Nov. 9) at Pacha in New York and is backed by Mobile Resource.
The idea behind the card is so that parents can monitor their children’s spending amounts and habits. A spokesperson for Mobile Resource says, “Teens do not spend their money as their parents think they do. And, drugs are a huge problem in this country. I give my son a small amount of cash and track his spending on his card.”
At first glance, a credit card for children as young as 13 seems a little ridiculous. But teaching kids how to manage money and what having a credit card means is a good lesson to learn early — before they get to college and go hog wild with plastic. Plus, it probably is better than giving them cash because parents will be able to see how their child is spending his or her money.
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