Step

Why We Like It

Step's unique credit-building debit card gives teens a head start on their credit score before they turn 18. By the time they need a student credit card or apartment lease, they'll have an established credit history. The fact that it's completely free makes it a no-brainer addition for any teen.

Pros & Cons

Pros

• Free Visa card that builds credit history from day one
• No fees, no credit check, no overdraft possible
• Automatic savings round-up feature

Cons

• Less robust parental controls than Greenlight
• No chore or allowance management features

Score Breakdown

Teen banking products were evaluated on parental control features, financial education and habit-building tools, fees, ATM access, and ease of use for both parent and teen.