Amex, Walmart join forces to provide pre-paid card - KMSP-TV

Amex, Walmart join forces to provide pre-paid card

Posted: Updated:
ATLANTA -

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.

  • I-Team Story ArchiveMore>>

  • Credit Cards v Charge Cards

    Credit Cards v Charge Cards

    Wednesday, July 23 2014 7:48 AM EDT2014-07-23 11:48:23 GMT
    You always hear that it's a great idea to get rid of your credit cards, but sometimes it really is the best way to pay. So here's another option: charge cards.
    You always hear that it's a great idea to get rid of your credit cards, but sometimes it really is the best way to pay. So here's another option: charge cards.
  • FOX 5 I-Team Investigates

    Child traumatically injured in beach house elevator

    Child traumatically injured in beach house elevator

    Monday, July 21 2014 8:09 AM EDT2014-07-21 12:09:54 GMT
    Another child has been seriously injured in a residential elevator accident. This is a warning for any family renting a beach house.
    Another child has been seriously injured in a residential elevator accident. This is a warning for any family renting a beach house.
  • Governor reacts to Ethics allegations

    Governor reacts to Ethics allegations

    Friday, July 18 2014 6:40 PM EDT2014-07-18 22:40:07 GMT
    The Governor sat down with Senior Fox 5 I-Team Reporter Dale Russell for his first television interview following allegations of strong-arming by a member of his staff.
    The Governor sat down with Senior Fox 5 I-Team Reporter Dale Russell for his first television interview following allegations of strong-arming by a member of his staff.
  • Contact the FOX 5 I-Team

    * denotes required fields

    We're sorry, but only one entry is allowed per person.
    Thank you for your continued interest.

    Thanks for contacting FOX 5.  To reach our newsroom by phone, please call (404) 898-0100.

  • Good Day ArchiveMore>>

  • Back to School Jamboree with Hosea Feed The Hungry

    Back to School Jamboree with Hosea Feed The Hungry

    Hosea Feed the Hungry will host their annual Back to School Jamboree on Sunday, July 13, 2014 from 10:00 a.m. until 3:00 p.m. at Turner Field. Children will receive a backpack filled with school supplies.

    Hosea Feed the Hungry will host their annual Back to School Jamboree on Sunday, July 13, 2014 from 10:00 a.m. until 3:00 p.m. at Turner Field. Children will receive a backpack filled with school supplies.

  • FOX 5 Sports Exclusive

    Ron Gant and Bobby Cox talk Cooperstown

    Ron Gant and Bobby Cox talk Cooperstown

    Thursday, July 24 2014 8:57 AM EDT2014-07-24 12:57:42 GMT
    We're coming up on a big weekend for baseball -- and especially for a some Atlanta Braves legends. Former Braves pitchers Tom Glavine and Greg Maddux are being inducted into the Baseball Hall of Fame-- along with former Braves skipper Bobby Cox.
    We're coming up on a big weekend for baseball -- and especially for a some Atlanta Braves legends. Former Braves pitchers Tom Glavine and Greg Maddux are being inducted into the Baseball Hall of Fame-- along with former Braves skipper Bobby Cox.
  • Support for DeKalb's oldest living retired firefighter

    Support for DeKalb's oldest living retired firefighter

    Thursday, July 24 2014 7:53 AM EDT2014-07-24 11:53:29 GMT
    Douglas Marks was a DeKalb County firefighter for 25 years...saving lives and protecting homes. Now, at age 82, Marks needs a little help himself. And his fellow firefighters...are stepping up.
    Douglas Marks was a DeKalb County firefighter for 25 years...saving lives and protecting homes. Now, at age 82, Marks needs a little help himself. And his fellow firefighters...are stepping up.
Powered by WorldNow

KMSP-TV
11358 Viking Drive
Eden Prairie, MN 55344

Phone: (952) 944-9999
Fax: (952) 942-0455

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices