Visa Buxx is a prepaid card intended for use by teenagers in the United States. The program was Visa's first prepaid card product and was launched in 2001. Visa Buxx is not a credit card; instead, it debits a prepaid account, which enables parents to load the card's account online or over the phone and monitor spending, so parents can work with their teen to review their spending habits and avoid unexpected debt and interest charges. The face of a current Buxx card identifies it as a debit card.
Contents
A child must be at least 13 years old to obtain the card (and the account must be set up by an adult).
Distributors
Fees
There is typically a fee for obtaining the card ($5–10, depending on whether a pre-designed or custom card is selected), a monthly fee (about $5), and some other fees (e.g., for paper statement delivery, ATM cash withdrawals and balance inquiries, foreign-currency transactions, card replacement, or an account-closing refund).