In today’s cashless world, teaching children financial skills is more important than ever. Greenlight Cards offer parents a simple way to raise “money-smart” kids. These cards come with a companion app designed to teach spending, saving, and investing.
Greenlight Cards work as a Mastercard debit card for children. Parents can customize spending limits by store or category, such as video games or online shopping. Real-time notifications alert parents whenever the card is used or declined. This helps families stay in control of their children’s spending.
The cards also integrate with automated allowances. Parents can schedule recurring payments or link rewards to chores completed by their children. This system replaces physical cash and encourages responsibility.
Greenlight Cards include a savings feature with interest rates between 2% and 6%, depending on the subscription plan. The app also offers a “Round Ups” tool that saves spare change from transactions. This feature helps children develop good saving habits.
Higher-tier plans allow children to invest in fractional shares of over 4,000 stocks and ETFs. Parental approval is required for each trade. This gives children practical exposure to investing in a safe and controlled environment.
Safety is another key feature of Greenlight Cards. They include identity theft protection, purchase protection, and cell phone coverage. Premium plans offer GPS location tracking, SOS alerts, and crash detection for teen drivers.
Greenlight Cards can be used internationally wherever Mastercard is accepted, including in Pakistan. There are no foreign transaction fees, though the cards are unavailable in some countries like Afghanistan, Russia, and Iran.
The cards are available through a simple online registration process. Parents verify their identity, fund the account, and receive cards in 7–10 business days. Accounts can be closed anytime without fees, and remaining balances are refunded.
In other related news also read Best Credit Cards in Pakistan: A Comprehensive Guide
Greenlight Cards combine financial literacy, security, and convenience. They allow parents to teach children real-world money skills while maintaining control and oversight.
