Walmart and American Express are coming together to provide a pre-paid card. The card, called Bluebird, offers many options that a regular checking account does.
Pre-paid cards appear to be making a comeback. The cards have long been the black sheep of the industry because they were used by people with little or no credit, and by people who couldn't get a checking account.
But this is what has changed. American Express and Walmart claim that Americans pay a lot money to maintain their checking accounts, and customers are fed up.
The new Bluebird card only has the money on it that you put on there, much like a regular checking account, but it will have very few fees. Now, you'll also be able to have your paycheck deposited to it; you can pay bills with a phone app; you can use the Bluebird card at an ATM. This is where you may have to pay a $2 out of network fee.
According to the non-profit credit counseling center CredAbility, people with great credit now use cards just like this to stay on budget.
"Some people like to use them to budget with. So, for the week I can spend $75 and I put that on my pre-paid card, and I don't care any cash with me or credit cards, and that's how I discipline myself," said John McCosh of Credibility.
A pre-paid card does not help repair bad credit the way a checking account would. The Bluebird card will be available next week in Walmart stores and online.
Monday, June 17 2013 8:03 AM EDT2013-06-17 12:03:25 GMT
We all get excited about leaving town and going on vacation, so we tend to tell everyone about it. But, a word of caution before spreading the good news.
We all get excited about leaving town and going on vacation, so we tend to tell everyone about it. But, a word of caution before spreading the good news.
Monday, June 17 2013 7:13 AM EDT2013-06-17 11:13:04 GMT
Pomegranate juice has been sold as a real 'cure-all' over the last couple of years. But in a decision made this month, the FTC has ordered at least one manufacturer to back off on its strong health claims.
Pomegranate juice has been sold as a real 'cure-all' over the last couple of years. But in a decision made this month, the Federal Trade Commission has ordered at least one manufacturer to back off some pretty strong health claims.
Friday, June 14 2013 8:56 AM EDT2013-06-14 12:56:09 GMT
Retailers got the go-ahead to pass along some extra charges to you, but not without some rules attached. You might not have noticed them just yet, but you should be on the lookout.
Retailers got the go-ahead to pass along some extra charges to you, but not without some rules attached. You might not have noticed them just yet, but you should be on the lookout.
Thursday, June 13 2013 3:29 PM EDT2013-06-13 19:29:22 GMT
A man once hailed as a military hero was arrested on Wednesday. Former Holly Springs Police Officer Shane Ladner is accused of tricking people into thinking that he received a Purple Heart for being wounded in battle.
A man once hailed as a military hero was arrested on Wednesday. Former Holly Springs Police Officer Shane Ladner is accused of tricking people into thinking that he received a Purple Heart for being wounded in battle.
Wednesday, June 12 2013 11:36 PM EDT2013-06-13 03:36:50 GMT
Tonight at 10, FOX 5 I-Team reporter Randy Travis shows how long it took a local sheriff to finally arrest a repeat horse abuser – even after state inspectors had spent years trying to stop the abuse!
Tonight at 10, FOX 5 I-Team reporter Randy Travis shows how long it took a local sheriff to finally arrest a repeat horse abuser – even after state inspectors had spent years trying to stop the abuse!
Wednesday, June 12 2013 9:07 AM EDT2013-06-12 13:07:42 GMT
You may have noticed – or, at least heard – that mortgage rates are starting to inch up again. The I-Team's Dana Fowle is here to help you understand what this change means for home buyers right now.
You may have noticed – or, at least heard – that mortgage rates are starting to inch up again. The I-Team's Dana Fowle is here to help you understand what this change means for home buyers right now.
Wednesday, June 12 2013 6:59 AM EDT2013-06-12 10:59:03 GMT
The Better Business Bureau always takes a look back at the previous year, and compiles its top 10 scams list.
The Better Business Bureau always takes a look back at the previous year, and compiles its top 10 scams list. According to the I-Team, the list are schemes that have been around as long as the BBB, 100 years. The only thing different is the technology.
Tuesday, June 18 2013 5:56 AM EDT2013-06-18 09:56:03 GMT
Eager to cash in on the recent run of good news about the Stock Market, but you don't know how to get started? Here's how!
Eager to cash in on the recent run of good news about the Stock Market, but you don't know how to get started? Good Day Atlanta goes to the pros for answers!
Monday, June 17 2013 10:08 AM EDT2013-06-17 14:08:03 GMT
Now, it's time to get ‘phine' – and, yes, that's with a ‘P-H.' Fitness trainer Apollo Nida is here to help you get those arms and legs in tip-top shape for summer!
Now, it's time to get ‘phine' – and, yes, that's with a ‘P-H.' Fitness trainer Apollo Nida is here to help you get those arms and legs in tip-top shape for summer!
