Freecharge Card Product for Minors: Parent Controls, Liability and Credit Learning

You are a product manager at Freecharge. Design a credit card module for children. ```hint Decide who carries the liability A credit card lets someone borrow, and a child cannot normally be the borrower. Settle who is responsible for the money and who your users really are before deciding what the child sees and what the parent controls. ``` ### Clarifying Questions - Does it have to be a true credit line, or would a parent-funded card that behaves like credit (spend now, settle at the end of the month) meet the goal? - What age range do "children" cover: younger kids who spend mostly alongside a parent, or teenagers who pay for things on their own? - Should the card work at any merchant, online and in stores, or only for payments inside the Freecharge app? - Is the goal revenue from the card, bringing families to Freecharge, or building customers who move to an adult card later? ### What a Strong Answer Covers - How the design handles liability and the limits on lending to minors, stated as assumptions to confirm with legal and the issuing bank - Both users, parents and children, with a chosen age segment and the pain points of each - A prioritized MVP covering funding and limits, spending controls, alerts and a repayment cycle that teaches how credit works - Fraud, misuse, privacy and consent cases specific to children - Success metrics with guardrails that protect parents' trust and keep children from overspending ### Follow-up Questions - How would you teach interest and credit scores without charging a child real interest? - A child hits the limit late at night and asks for an instant increase. What should happen? - What happens when the child turns 18, and how could that moment help the business?