MasterCard Using Justin Bieber To Promote Credit For Teens

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posted on Mar, 2 2013 @ 02:38 PM
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I put this in social issues because I think it's imperative as adults, that we start the discussion on advertising towards children. The government and big business interests want to move us more and more towards a cashless, complete debt based society.

As with any campaign of cultural change, their focus now shifts towards our children:


This month, Justin Bieber begins marketing a prepaid card designed to promote responsible teen spending to his millions of fans. He’ll take to social media to spread his message about the SpendSmart MasterCard from a company called BillMyParents, Inc.


Source

I don't know about you, but according to my economic views, the less you deal with credit card companies and banks, the better off you are financially. I'm perfectly capable of teaching my children fiscal responsibility, without having to pay somebody else.

Now they use Hollywood to push financial products on our children.

~Tenth
edit on 3/2/2013 by tothetenthpower because: (no reason given)




posted on Mar, 2 2013 @ 02:42 PM
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reply to post by tothetenthpower
 

I favor Dave Ramsey's approach to finance and he makes sets for schools, too. It's VERY much about never using credit at all, period. Living within one's means and simply doing without if the means don't allow for the luxuries or toys.

Hooking people on spending more than they make, to be slaves to the whole concept of debt for life, even younger, is just outrageous and criminal IMO.

Our whole country is bordering on total fiscal collapse by the belief that debt can somehow go away or people can forgive it, no matter how large it gets. I want to see generations being taught and encouraged toward GOOD fiscal concepts, not these insane debt based ones.



posted on Mar, 2 2013 @ 02:43 PM
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reply to post by tothetenthpower
 


Another reason to want to destroy Bieber...
My mate on his 18th Birthday (in 92) got sent 2 credit cards because he had a full time job, 6 months later he had loads of cool stuff but 18k in debt, that taught me never to bother getting one If I need something I save for it.
The banks want you in debt as early and as for as long as they can it is slavery.
We need an economic revolution I don't know how but this system is only good for the guys who are the bankers or own them.



posted on Mar, 2 2013 @ 02:45 PM
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reply to post by boymonkey74
 


When my daughter started university she was hounded by reps from financial institutions for all kinds of low cost loans and cards. She promptly ignored all of their financial 'advice'.

It's amazing that now they want to start even younger. I wonder why those mom associations never have anything to say about this sort of atrocity, yet will scream bloody murder over Ellen on a poster.

Priorities I tell you.

~Tenth



posted on Mar, 2 2013 @ 02:46 PM
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This is a BAD idea!

Why even push credit cards period? It is my opinion that you shouldn't live off of credit! IF you don't have the money for something in your bank account you don't need it....well that is how I was raised.

I don't believe in credit cards but that doesnt' mean I didnt have any when I was 18. Of course I did, they gave them to me like candy! I got away from them pretty quick because I realized they were NOT a good thing to have and too tempting to say "oh I'll charge it and pay it later." If i dont have cash for something I save for it then purchase it.


Using Justin Beiber to push a credit card is just wrong but it's what they love to do, use pop starts to influence teens. Teens don't need to have credit cards, be it prepaid or otherwise! Why not teach teens how to manage their actual money instead of using plastic?



posted on Mar, 2 2013 @ 02:49 PM
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Um. It's a prepaid card.
Do you think learning how to budget is a bad thing?



posted on Mar, 2 2013 @ 02:49 PM
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Originally posted by Phage
Um. It's a prepaid card.
Do you think learning how to budget is a bad thing?


Prepaid cards have fees. Why does my child have to pay a financial institution to learn how to budget?

Don't we mostly all own the internet these days?

~Tenth



posted on Mar, 2 2013 @ 02:51 PM
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TBH I don't know what is worse I don't know If you have them in the states but here in the UK we are bombarded with payday loan companies which give short term loans at 3000% APR, they are preying on the poor and desperate.
I just don't understand how these companies are allowed to continue this, makes me sick.



posted on Mar, 2 2013 @ 02:51 PM
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while i dont think handing out credit cards to kids willy nilly is a good idea but building kids credit is kind of an important step for adult hood and whatnot,i was lucky to have almost perfect credit for the bulk of my life as my parents set up a phone bill(my cellphone) in my name and paid it from 6th grade through college and that gave me good enough credit that when i wanted to get my own apartment and go to college in santa cruz that i did not need a cosigner as a 19 year old male.

so if you wanna build your children's credit with out tossing them a credit card thats one way of doing it...sad part is credit is almost required for things these days (house renting/buying,car lease/purchasses,cellphones and loans etc)



posted on Mar, 2 2013 @ 02:51 PM
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reply to post by tothetenthpower
 


Why does my child have to pay a financial institution to learn how to budget?
She (he) doesn't.
But getting a monthly statement couldn't hurt the learning process.



posted on Mar, 2 2013 @ 02:52 PM
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reply to post by Phage
 


On this one, I think using the plastic brings measurable behavior changes to spending as a whole.


Drazen Prelec and Duncan Simester of the Sloan School of Management at MIT, did a study about credit cards and your spending habits. Their study found that subjects paid more when they were instructed to use a credit card rather than cash. In fact, they found that they were willing to spend up to 100% more with plastic.
Source

They're all branded with the comfy MasterCard and Visa symbols, I'm sure. Just like the one I'm 'issued' by the college. It certainly creates a brand loyalty question for influence if nothing else at all, but then, I do see so much else in the whole credit culture.



posted on Mar, 2 2013 @ 02:53 PM
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reply to post by Phage
 


Agreed.

Their regular bank accounts provide such things though. Considering most banks now have a combo credit/debit card for online purchases and such, I see no reason for my kids to have a multitude of plastic cards that hold money in different places, all the while paying for it.

~Tenth



posted on Mar, 2 2013 @ 02:55 PM
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reply to post by Wrabbit2000
 


On this one, I think using the plastic brings measurable behavior changes to spending as a whole.
I don't think the plastic is the problem. I think the credit is. Fun now, pay later. More fun now, pay more later.

A prepaid card runs out, a credit card doesn't. Well, it does, but you know what I mean.



posted on Mar, 2 2013 @ 02:55 PM
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reply to post by RalagaNarHallas
 


Here in Canada you can easily start your credit by just having bills in your name. Cell phone for example is enough here to start positive reporting with credit bureaus.

So does cheque cashing.

~Tenth



posted on Mar, 2 2013 @ 02:55 PM
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Justin Bieber ... I really don't get the attraction the little girls have to him.

And I'm kinda surprised that anyone old enough to get a credit card
would still be interested in him.

Isn't he the 'idol' for the 10-12 year olds?
Don't the girls older than that go for the guys who are more .. um .. 'guyish'??

Seriously .. doesn't he draw the younger crowd??



posted on Mar, 2 2013 @ 02:57 PM
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reply to post by tothetenthpower
 


I see no reason for my kids to have a multitude of plastic cards that hold money in different places

I don't either. Justin says use MasterCard so just use Mastercard. Ok?



posted on Mar, 2 2013 @ 02:58 PM
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Originally posted by Phage
reply to post by tothetenthpower
 


I see no reason for my kids to have a multitude of plastic cards that hold money in different places

I don't either. Justin says use MasterCard so just use Mastercard. Ok?




Oh yeah, I'm filling out the applications now.



~Tenth



posted on Mar, 2 2013 @ 03:07 PM
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Completely irrelevant but I have to throw this out.
This morning (really!), somehow Bieber came up and my daughter says "Justin Bieber is so lame. He smokes pot!"

Ok, maybe she didn't say "lame" but her point was clear. The only response I could come up with was "Oh, really?"



posted on Mar, 2 2013 @ 03:07 PM
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Completely irrelevant but I have to throw this out.
This morning (really!), somehow Bieber came up and my daughter says "Justin Bieber is so lame. He smokes pot!"

Ok, maybe she didn't say "lame" but her point was clear. The only response I could come up with was "Oh, really?"



posted on Mar, 2 2013 @ 03:16 PM
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Originally posted by Phage
Um. It's a prepaid card.
Do you think learning how to budget is a bad thing?


Your really sticking up for credit card company's?

How is a prepaid card teaching them budgeting? You can learn the same exact lessons by keeping paper bills.
Its almost the exact same thing, only difference is your giving money to a greedy mega corporation's. Why have a middle man if their is no reason to? This is not teaching them budgeting, if any thing its teaching them to spend their money on frivolous crap to make them self's fell more "grown up". Children do not need pre paid cards, (unless they want to make a perches on the net)

These company's are targeting children because they are the only group thats not in their system.

Your using tactic's that the media uses. "If you dont believe this then you must believe this."
Its trash, I thought you wear better then that.
edit on 2-3-2013 by Infi8nity because: (no reason given)





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