An age verification payment card and method that employs a card wherein the card has a first embedded chip and a second embedded chip. The present invention includes a first chip for providing financial authorization for a purchase and a second chip that provides age verification of the cardholder to ensure that the cardholder meets any minimum age requirement for a purchase having that requirement. The method includes a step of collecting and verifying the age of the card applicant during the application process. This data is stored on the second embedded chip so as to provide the retailer a technique to verify the age of the cardholder wherein an age limit may be applicable to a purchase. The present invention will provide an age alert to a retailer in the event that the cardholder does not meet the minimum age requirement for the purchase being attempted.