Platinum Visa for Teens: Parent/Legal Guardian Agreement

Cha-ching Platinum Visa for Teens Credit Card 
Parent's/Legal Guardian's Agreement  

• I agree that my teen should have an Cha-ching Platinum Visa with a manageable starter limit.  

• I understand that I am responsible for repayment of the card balance and any interest and fees accumulated should my teen not be able to repay the 
 amount borrowed.  

• I agree to discuss the terms and conditions of the card with my teen.  

• I agree to discuss with my teen the types of purchases that may be charged to his/her Cha-ching Platinum Visa, e.g., emergencies, clothing, online shopping,  
school expenses, etc.  

• I agree that my teen should know how to handle his/her finances and will help him/her with his/her financial education.  

• I will review my teen’s monthly Visa statement and discuss the cost of credit and the importance of repaying the account on time.  

• I will review the fees associated with and the interest charges on the Cha-ching Platinum Visa with my teen and discuss how they can be reduced. \ 

• I will help my teen develop a simple budget to track his/her income and expenses. 

• I will discuss short - and long-term savings goals with my teen. 

• I agree that setting a good example for my teen is necessary for him/her to make wise financial decisions. 

Teen's Agreement

• I agree that the Cha-ching Platinum Visa is a privilege to use and that I am required to repay money borrowed through the use of the card.  

• I agree not to spend more on my Cha-ching Platinum Visa than I can afford to repay in a timely manner.  

• I know I will have to maintain a budget so that I do not spend more than I earn.  

• I understand that a good credit history is important.  

• I agree to make the minimum payment on time and whenever possible to pay more than the required minimum or pay the balance in fill to reduce loan  
interest charges.  

• I understand that by paying my bill in full each month, I will not be charged interest.  

• I understand that my limit is $500 and that I cannot charge more than that amount to my card. Consistently being over the limit may be detrimental to my  
credit history.  

• I understand that if I fail to make my payment by the due date each month, I will be charged a late payment fee and the fee will be added to my balance.  

• I will develop some short- and long-term savings goals to help me reach my financial objectives.