Teaching Kids to Charge U.S. Banker (08/00) Vol. 110, No. 8 p.17; Angell, Brian
Randall M. Chesler, president and CEO of Cobaltcard, is
looking to empower teenagers as young as 13. The Cobaltcard is a
charge card with the tagline, "My money, my life, my card."
Unlike typical credit cards, the Cobaltcard is free of any
interest charges. In essence, it is a debit card that withdraw's
funds from a young person's account. Cobaltcard expects to make
all its money on interchange and commission fees.