Walmart and American Express have agreed to pay me a large amount of money to review their new “Bluebird” American Express card. Not really, we were actually walking through Walmart yesterday for our weekly torture when I saw their kiosk. My wife had heard of it before and suggested I review it… so here we go.
Traditionally, American Express caters to people with money with their charge cards. However, they seem to be opening up their clientele with this latest trip into Walmart (not saying people in Walmart don’t have money!). They are partnering to offer the Bluebird “Checking and Debit Alternative” prepaid card.
At first glance, it ‘s much like a debit card without normal bank requirements. There’s no minimum balance, monthly fees, or other pesky fees that come with some checking accounts. You load it with money via direct deposit, online transfer, ATM or even at Walmart stores.
All you need to apply is an address, phone number, and an email address. The most interesting part – they don’t require a social security number which seems like a very purposeful move.
In addition, you can get cash from the card at Walmart and any “Moneypass” ATMs for free if you direct deposit your checks into the account. If you don’t direct deposit a regular check into the account, there’s a $2 fee. I did a quick check and there were ~40 MoneyPass ATM locations within ten miles of my house so they aren’t just forcing you to go into Walmart.
How I would use it: