{"id":741099,"date":"2017-09-28T08:20:37","date_gmt":"2017-09-28T15:20:37","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?p=741099"},"modified":"2026-06-02T06:13:30","modified_gmt":"2026-06-02T10:13:30","slug":"getting-a-prepaid-credit-card-for-your-teenager","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/prepaid-cards\/getting-a-prepaid-credit-card-for-your-teenager","title":{"rendered":"Getting a prepaid credit card for kids & teens"},"content":{"rendered":"

It\u2019s never too early to start learning good spending habits. A prepaid card lets children manage their money and make in-store and online purchases even if they don\u2019t have a bank account. The best part? There\u2019s no debt involved\u2014kids only spend money that has been preloaded onto their cards.<\/p>

According to a 2024 CPPO report, the Canadian prepaid market is poised for growth, with total loads expected to surpass $17.4 billion by 2028, up from $11.4 billion in 2023. Prepaid accounts are popular among Gen Zers, who are opening accounts faster than Millenials and Gen Xers.<\/p>

Looking for a parent-friendly card to help your child learn to spend and save responsibly? Let\u2019s walk through your options for getting a prepaid credit card for kids and teens in Canada.<\/p>

Best prepaid credit card for kids & teenagers in Canada<\/h3>

There aren\u2019t many prepaid cards for teens and kids in Canada. If you\u2019re not interested in opening a youth bank account<\/a>, consider the Mydoh Smart Cash Card.<\/p>

\n
\n <\/div>\n
\n
\n
<\/div>
\n Monthly Fee\n <\/use><\/svg><\/use><\/svg><\/use><\/svg><\/th>\n Transaction Fee\n <\/use><\/svg><\/use><\/svg><\/use><\/svg><\/th>\n Foreign Transaction Fee\n <\/use><\/svg><\/use><\/svg><\/use><\/svg><\/th>\n Rewards\n <\/use><\/svg><\/use><\/svg><\/use><\/svg><\/th><\/tr><\/thead>\"Mydoh<\/a>
<\/div>
Mydoh Smart Cash Card<\/a><\/span><\/div><\/td>
\n $0\n <\/div><\/td>
\n $0\n <\/div><\/td>
\n 2.5%\n <\/div><\/td>
\n N\/A\n <\/div><\/td>
<\/div>

Why we like it<\/h4>

Offered in partnership with RBC and Visa, the MyDoh prepaid card costs $0 per month and is connected to an app providing both parents and children access to the account. Kids or teens can make in-person and online purchases, while parents can view balances, check transactions and transfer money onto the card. Up to five children and two parents can be added to an account.<\/p><\/div>