• Parental Controls: ★★★★★ 5/5
  • Savings Rewards and Cashback: ★★★★☆ 4/5
  • Chore Plans: ★★★★★ 5/5
  • Referral Bonus: ★★★★★ 5/5
  • Identity Theft, Phone and Purchase Protection: ★★★★★ 5/5
  • Greenlight Gift: ★★★★☆ 4/5
  • Mobile App: ★★★★★ 5/5
  • Rates and Fees: ★★★★☆ 4/5

Honest Greenlight Card Reviews For 2022

Fact-checked
  • Parental Controls: ★★★★★ 5/5
  • Savings Rewards and Cashback: ★★★★☆ 4/5
  • Chore Plans: ★★★★★ 5/5
  • Referral Bonus: ★★★★★ 5/5
  • Identity Theft, Phone and Purchase Protection: ★★★★★ 5/5
  • Greenlight Gift: ★★★★☆ 4/5
  • Mobile App: ★★★★★ 5/5
  • Rates and Fees: ★★★★☆ 4/5

Best For

Parents looking for a convenient way to manage their child’s allowance

STRENGTHS

  • Extraordinary parental control features
  • Educational app that helps children gain financial responsibility
  • Good cashback rate and savings rewards

WEAKNESSES

  • The monthly plans are pricier than other Greenlight alternatives
  • Because it’s not a credit card, you won’t be able to get an installment loan

If you’re a parent looking for a low-fee, no-minimum-balance card for your child, Greenlight Card may be worth your consideration. While helping your kid develop a financial perspective, Greenlight will also give you parental control over their budget.

In this Greenlight Card reviews summary, you’ll discover what Greenlight Card is, how it works, and what its main features are, along with some of the main pros and cons to help you make an informed decision.

What Is a Greenlight Card and How Does It Work?

Greenlight Card is a financial tool that allows parents to give their children aged between 13 and 18 a prepaid debit card with parental controls. The card is FDIC insured and has no monthly or annual fee or minimum balance requirements. You can set spending limits, monitor where your child spends their money, and even get real-time alerts when they make a purchase.

Reviews on Greenlight Card appreciate the fact it can be used anywhere Mastercard is accepted. You can link your child’s bank account to yours, or load money onto their card yourself. Unlike the majority of credit cards, your FICO score won’t matter, as this debit card requires no credit check and doesn’t ask for interest charges. Greenlight Card is designed to help children develop healthy spending habits and learn how to manage money without putting them at risk of debt.

How Has Greenlight Card Improved Over Time?

According to numerous Greenlight debit card reviews, it has significantly improved since it first emerged, making it one of the best choices for parents looking for a low-fee, no-minimum-balance card for their child. One of the biggest improvements users mentions is the Greenlight Cash feature that allows parents to set a weekly amount of cash without worrying about their children spending too much.

Another Greenlight Card improvement users praise is its referral program, where you can earn $20 for every friend or family member that signs up for an account.

Main Features

The Greenlight Card offers a wide variety of features which, according to more than one Greenlight Card review, make it one of the best debit card solutions for children. Check out the following list of Greenlight’s most notable features users highlight:

Parental Controls

Greenlight parental control feature is one of the most praised advantages among clients. Here’s the complete list of parental control tools:

  • Track and approve each purchase as it happens.
  • Set a general credit limit and restrictions on a specific shop or category of purchases
  • Make chore lists and one-time tasks for kids tied to an allowance (a favorite among reviews of Greenlight debit card)
  • Reload the card balance
  • Set up direct deposits to teens’ cards if they have a part-time job
  • Freeze and unfreeze each debit card as needed.

These features allow children to learn about budgeting and money management, while also giving parents insight and control over their expenditures. Although some of them may be found on other debit card programs, Greenlight stands out due to a more extensive choice of customization options.

Chore Plans

One of the main features that sets Greenlight Card apart is the ability to help parents assign chores to their kids and pay them for completing those tasks. This is a great way to teach your children about the value of money and responsibility, according to a review of Greenlight debit card.

Greenlight has tools to create, manage, and oversee a chore plan or schedule, and you may use your app to schedule or even automate your chores. By using the app, you can:

  • Set chores that repeat weekly or multiple times per week
  • Set single-time chores for bigger tasks like spring cleaning, babysitting, or mowing the lawn
  • Manage and track recurring duties, as well as automate money transfers
  • Provides an open forum for discussing what they must do before checking the duties off and receiving their recurring payments.

Savings Rewards and Cashback

One of the FAQs is how to get a Greenlight Card with savings rewards—getting a 2% reward is only possible with the Greenlight Max plan, while the basic plan gives children a 1% savings reward. Other features encourage savings as well, as children may round up purchases to the next dollar and save the change automatically, or earn 1% cashback on their debit card transactions in addition to Savings Rewards using the Greenlight Max plan.

Rates and Fees

Greenlight Card users pay a monthly charge, with the amount of Greenlight Card fees depending on the plan they selected. However, Greenlight Card’s compulsory costs outside of the monthly payments are only minor—this card charges no cost for adding money to the card, and requires no issuer ATM home or foreign transaction fees, as opposed to many other prepaid cards.

Identity Theft, Phone, and Purchase Protection

Those who purchase the Greenlight Max plan get access to the following features:

Identity Theft Protection

Greenlight provides identity theft monitoring, warning, and restoration services for the whole family, with coverage provided by Experian.

Phone Protection

For up to five kids on the Greenlight Max plan, you may get replacements for damaged, lost, or stolen phones. Reviews on Greenlight debit card confirm this coverage allows reimbursements for the cost of replacing or repairing your kid’s phone if it’s destroyed, broken, or stolen.

Purchase Protection

Qualifying users may seek reimbursement for the cost to repair or replace an item bought with Greenlight credit if the purchase is damaged or stolen within 120 days of purchase or delivery, and is up to $100 per item and a total of $1,000 each calendar year.

Greenlight Gift

Similar to other Greenlight Card alternatives, the company’s gift cards option allows individuals outside your family network to load money onto the card. Friends and family may send a gift of $25, $50, $75, or $100 via text or email, and even choose how the children’s funds should be spent—anywhere or just at a certain store.

Educational App

The Greenlight app is meant to educate kids about money by helping them establish personal savings goals and assisting in achieving them. The app also gives insight into balances and spending habits, allowing parents access to conduct data-driven talks about expenditures if necessary.

Referral Bonus

Another favorite feature among reviews on Greenlight Card is the referral bonus, which is part of this card’s intro offer. Users seem particularly interested in this feature since it helps them earn a cash bonus for each successful referral they or their child makes.

Feature Rating
Parental Controls 5/5
Savings Rewards and Cashback 4/5
Chore Plans 5/5
Referral Bonus 5/5
Identity Theft, Phone and Purchase Protection 5/5
Greenlight Gift 4/5
Mobile App 5/5
Rates and Fees 4/5

Eligibility and Ease of Signup

The steps you need to follow upon registration are pretty straightforward, making the whole signup process quite simple. Kids who want to join before their parents are required to be at least 13 years old, but there’s no minimum age for a child signed up by their parents.

The primary account holder has to meet the following terms:

  • Be at least 18 years old
  • Be a US citizen or permanent resident of the US
  • Have a US address that isn’t a PO box.

Reviews for Greenlight debit card say that once your eligibility is determined, you can freely proceed with the Greenlight Card sign up process:

  1. First, you need to go to the Greenlight Card’s website
  2. Before you hit the ‘Get Started’ button, you’ll have to provide a valid US phone number
  3. Then, choose the option that says ‘I’m a parent or guardian
  4. Wait for Greenlight to send the verification code to the number you provided and enter it in the appropriate space
  5. Now, you’ll have to enter your email address, create your password, and click ‘Next
  6. Enter your child’s name and phone number (if they don’t have one, you’ll be required to enter their birthday date). Greenlight debit card reviews mention you also have the option to add another child if you have more than one kid you want to request a Greenlight Card for
  7. Once you do that, you’ll have to enter your personal information and click on ‘Accept the cardholder agreement
  8. The final step requires you to set up funding and request verification for your application.

Although the signup process is very convenient, it requires you to enter your child’s social security number, which some parents feel uncomfortable doing. In addition, since this Greenlight Card isn’t a credit card, reviews say it’s not for those looking for a company to repair their credit score.

Pricing

Overall, Greenlight Card users say that card is one of the most affordable kids debit card solutions on the market. The company offers three pricing plans you can choose from, based on the number and types of features you’re looking for.

Plan  Price  Features 
Greenlight $4.99/ month
  • Debit card for up to 5 children
  • Category and store-level parental controls
  • Greenlight educational app
  • Tools for saving, spending, earning, and giving
  • 1% saving reward
Greenlight + Invest $7.98/ month Everything in the Greenlight plan, plus:

  • Investing platform for your kid
Greenlight Max $9.98/ month Everything in the Greenlight + Invest plan, plus:

  • Greenlight Black card
  • Priority customer service
  • Identity theft protection
  • Cell phone protection
  • Purchase protection
  • 1% bonus cashback deposited on savings
  • 2% savings reward

Customer Support

More than one Greenlight Card review expresses satisfaction with the quality and responsiveness of the Greenlight customer service. Here’s how you can reach out and get assistance:

  • Send a message to customer service from the Help page of your Greenlight app
  • Send an email to support@greenlight.com
  • Call 888-483-2645 to speak with a representative, available Monday through Friday from 8 a.m. to 11 p.m. ET and Saturday and Sunday from 8 a.m. to 9 p.m. ET
  • You can also send a text message to the following number: 404-974-3024.

Alternatives

Although Greenlight offers great quality and a variety of features for its price range, if you want to consider all the options available before choosing the best debit card, check out the following Greenlight Card alternatives:

Card Win  Lose  Best for
Greenlight A variety of features and unique app that educates kids about money management The monthly expenses can be higher than those of Greenlight’s competitors Parents looking for a convenient way to manage their child’s allowance
Capital One Money A strong digital banking platform with a loan option for those looking to build their credit High ATM transaction fees Consumers looking for a full-service online bank
Chase First Banking Free access to some of the best greenlight features Parents are required to have a Chase checking account in order to be eligible Parents who want to help their kids gain financial responsibility

Overall, although some users don’t think Greenlight Card is the cheapest debit card out there, the benefits it offers to both parents and children put Greenlight among the top debit card solutions for minors.

Greenlight Card reviews: Conclusion

Greenlight Card is a good choice for parents who want to teach their children money management. What’s more, it’s a good option if you’re looking for a low-cost way to give your child access to cash. Although some parents expressed their privacy concerns, Greenlight Card still remains among the best debit card options for children under 18.

Reviews of Greenlight debit card say that despite having some drawbacks, this debit card is still one of the most frequently-chosen solutions when it comes to managing children’s allowance and teaching them about money management but without an option to get an installment loan.

FAQ

How to cancel Greenlight Card?

If you’re not happy with your Greenlight Card, canceling is easy—you can do it online through your account dashboard, or by contacting customer support. There are no cancellation fees, and any unused funds on your card will be refunded.

How much is a Greenlight Card?

As reviews on Greenlight debit card confirm, the price you’ll have to pay depends on the monthly plan you purchase. The Greenlight plan costs $4.99 a month, Greenlight+ Invest costs $7.98 a month, while the most advanced plan, Greenlight Max, costs $9.98 per month.

Can you transfer money from Greenlight Card to bank account?

You can transfer money from your Greenlight Card to your bank account by simply logging into your Greenlight app, selecting the ‘Transfer Money‘ option, and following the given instructions. You’ll need to provide your bank account information and the amount of money you want to transfer.

How to add money to Greenlight Card?

According to Greenlight Card reviews, you can add money to your Greenlight Card in a few different ways—you can directly deposit your paycheck into the account, add money by transferring funds from another bank account, or use a debit or credit card.

How to order a Greenlight Card?

You can order a Greenlight Card online through the Greenlight website in just a few minutes. Once you’ve completed the sign-up form, you’ll receive your card in the mail within a few days.

ABOUT AUTHOR

I learned a lot about finance after working for a digital marketing company specializing in investing and trading stocks, forex, etc. After that, I got exposed to other verticals such as wealth management and personal finance, which further improved my understanding of the financial world.