Credit Cards for Teens
MasterCard of Europe is targeting teens with their new Bluecorner credit cards, which are reportedly designed based on magazines and radio stations popular with teens such as MTV, according to Steve Watson of Infowars, citing a London Times story.
The cards carry fees for both opening an account and for using them for ATM withdrawals. There is also a penalty fee for canceling an account or ordering a replacement card. The story quotes Phil Davies, MCE’s director of business development, who says that, “Parents can control the amount of money their son or daughter spends on the card by limiting the amount of money placed on the card.”
Watson notes that “a cashless society would mean total control over everyone as people would be forced to pay for everything electronically. Every purchase would be traceable and the ability to buy or sell could be halted immediately at any given moment.”
Sounds a bit scary if you ask me. Who wants to be controled? WoW! What a statement.
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