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Who’s doing it?

GECU

El Paso, TX

Family Account MasterCard » View details

GECU’s Family Account MasterCard enables a Primary Borrower to add up to 10 separate dependents as cardholders and each dependent can be assigned a separate spending limit. Parents can give their children a credit card, but monitor their activity. Family members with credit blemishes can be sponsored by a creditworthy family member and be given access to a credit card and rebuild their credit scores.

Linn Area

Cedar Rapids, IA

Plugged In Credit Card » View details

Linn Area Credit Union has been offering teens and young adults between the ages of 16 and 22 a credit card option since 2005 as part of its “Plugged In” package program. Young members can qualify for a credit limit of $500 to $2,000 as long as they have a source of income repayment and no derogatory credit report. Whereas parental approval is necessary if the teen is under 18 years of age, a co-signer is not necessary unless the teen does not have an adequate source of income.

City County CU Of Fort Lauderdale

Ft. Lauderdale, FL

Encore Credit Rebuilder Visa » View details

City County Credit Union of Fort Lauderdale pre-approves members with credit scores between 500 and 599 with at least three positive trades for a credit card with an initial limit of $500. After 12 months of payment history, accounts are reviewed every six months for $250 limit increases up to a maximum of $1,000.