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Visa launches CitizenCard for UK kids, may come to Australia soon


Visa has launched a special cash and identification card aimed at children as young as 12 in the UK and is expected to launch it across Australia “very soon”.

Called the ‘Visa CitizenCard’, the card allows kids 12 years and older to control their spending habits with a prepaid, debit-like Visa and also displays their date of birth and photograph, the News Limited Network reports.

Youngsters under the age of 16 have to get their parent's consent when applying for the product and will also have their spending habits monitored by them.

Related: Can you trust kids with plastic money?

The chip-and-pin Visa card was launched in Britain last month and Alan Shields, director of the strategic research firm RFi, told the Herald Sun that the chance of these cards debuting in Australia was high.

"Linking a proof-of-age card with a pre-paid card is a good idea given if you are underage you might not have anything else that has your age on it,” said Mr Shields. "It seems very sensible and it's not pushing credit on to younger people.''

Related: Could this be the end of ATM fee forever

How it works

Money can be loaded onto the account and the card can be used for payment in shops and on the Internet. 

Some of the experts say the card is a good way of teaching children about responsible use of plastic money.

The British CitizenCard does not attract monthly or annual account fees but does have an application fee of about $20.

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