The $910-million GECU here has introduced a new payments program, the GECU Family Account Credit MasterCard Card. The card is aimed at helping parents control their children's spending and teach good money-management habits.
The GECU Family Account features a family credit line with individual credit cards and customized spending limits for each adult family member. The primary account-holder may set and change the spending limits. The Family Account will also include cash access to ATMs and monthly-itemized statements.
Other features of the GECU Family Account include individual account information by phone, online or through the monthly statement, zero liability for unauthorized transactions, toll-free emergency travel assistance, worldwide acceptance at over thirty million locations, theft and damage protection plus extended warranties on purchases and auto rental and travel accident insurance.
There is no annual fee for the Family Account Credit MasterCard Card, which has a 9.9% APR. The standard card carries a 12.5% APR.
