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Friday, April 12, 2013 - 9:34am
(CNN) — Justin Bieber is launching a new prepaid debit card aimed at teens, but is it a good idea to let your teen have one?
A Youtube video featuring the teen heartthrob taking about the prepaid debit card was posted Thursday.
It suggests his fans should learn about responsible spending by using the new Spendsmart Card. The card's issuer, Spendsmart Payments, signed Bieber to a three-point-seven-five-million-dollar endorsement deal late last year.
Consumer advocates say the card is a bad deal for young consumers because of high fees.