Credit Academy

Credit Academy

Mastercard allows kids to pay for purchases with chore money

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The first card that actually encourages kids to do chores to pay for purchases. Kids pay their balance by doing chores. When approved, we’ll reload cards with funds, real-time, and reconcile their balance.
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Credit Academy gallery image
Credit Academy gallery image
Launch tags:
Productivity•Fintech•Payments
Launch Team

What do you think? …

Adam Fox
Cool idea but with a $9.95 monthly service fee and a $4.95 activation fee, I’d hope someone from this company would be coming to my house once a month to wash my car and earn that.
Charles Polanco
Maker
@faxmado Sure we can surely send someone over :)
Charles Polanco
Maker
I hope you all enjoy the product!
Matt Gardner
Really cool idea and could be used early to teach financial literacy, which I think is a huge problem in North America right now. Question on the first product shot @charles_polanco, if it's pre paid why is it shown as -$7? One of my first worries would be that my kid could overspend and leave me owing a bunch of real money? Or do they always run a negative balance and bring it up to $0 with chores?
Charles Polanco
Maker
@thatmattgardner Thank you Matt for the feedback and great question. We now hide the pay button when balance = 0. Although, if a kid does a chore for $5 dollars and his or her balance is $4, the current balance will be -$1