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02-13-2013, 05:25 PM
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#1
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Gone but not forgotten
Join Date: Jul 2012
Location: Peru
Posts: 6,335
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Bluebird Debit Card
This was briefly mentioned in this 3 day thread.
http://www.early-retirement.org/foru...nes-64800.html
I have signed up online, and am awaiting the account cards... free on line, but offered as a "starter kit" at Walmart, for $5.
I would be interested in any feedback from those who have used this (newer) debit card.
It looks to be almost foolproof...
Offered by Walmart and American Express, no fees... can load card from your bank online, at Walmart, or Amex ATM's for free. Usable wherever American Express is offered. Can use "sub-account" cards, limiting the withdrawal amounts and frequency. I like the idea of this, as a safety cushion for kids, or to keep in the car... just in case..
The only downside that I see, is the limitation of acceptance of Amex cards. My guess is that this will eventually change as this card takes off.
Do you see any problems?
__________________
If you want others to be happy, practice compassion. If you want to be happy, practice compassion.
--Dalai Lama XIV
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02-13-2013, 05:56 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Jan 2010
Location: 5-sided building
Posts: 1,183
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I've been using it for a week. BB is not a bank, and is not insured by FDIC. Therefore, they don't accept payments from the federal government. I've been using it to cash in Vanilla re-load cards and make a nice little profit of several hundred dollars. I've only had it for about a week, but it works as advertised. Made a payment to one of my credit cards, no issues noted. For everyday spending, I don't recommend it because it is essentially a debit card, so you don't have anything even close to the protection that a credit card offers.
edit - this is the last thing I would ever leave in the car! What if it gets stolen?
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02-13-2013, 06:14 PM
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#3
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Gone but not forgotten
Join Date: Jul 2012
Location: Peru
Posts: 6,335
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OMG... living in a cave, people like me don't know about vanilla reloads.
No wonder I'm poor.
__________________
If you want others to be happy, practice compassion. If you want to be happy, practice compassion.
--Dalai Lama XIV
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02-13-2013, 06:15 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Jul 2012
Location: Mississippi
Posts: 1,894
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Not sure why I would use it over a regular checking account/debit card or CC. I guess some problems would be it's not FDIC insured, earns no interest on deposits, there is $2 AMEX network fee for ATMs unless you deposit your paycheck ( which I don't have ).
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02-13-2013, 06:54 PM
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#5
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Moderator Emeritus
Join Date: Oct 2007
Location: Portland
Posts: 4,946
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Quote:
Originally Posted by HawkeyeNFO
I've been using it for a week. BB is not a bank, and is not insured by FDIC. Therefore, they don't accept payments from the federal government. I've been using it to cash in Vanilla re-load cards and make a nice little profit of several hundred dollars. I've only had it for about a week, but it works as advertised. Made a payment to one of my credit cards, no issues noted.
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The credit card you used to by the Vanilla reload cards, no doubt. :-)
Dire Straits had it right...
Quote:
Now look at them yo-yos thats the way you do it
You play the guitar on the mtv
That aint workin thats the way you do it
Money for nothin and chicks for free
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02-14-2013, 12:59 AM
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#6
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Recycles dryer sheets
Join Date: Mar 2008
Posts: 410
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There's a proliferation of these cards on the market. Bluebird is just one of them.
They appeal to the individual who has bounced so many checks, and defaulted on so many credit accounts, that no mainstream institution is going to let them near anything with a magnetic strip on it. The prepaid card fills that market. It's the only way some people have access to anything resembling a bank account or credit card. And they're willing to put up with the high fees.
__________________
ACC USN-(Ret)
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02-14-2013, 07:44 AM
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#7
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Thinks s/he gets paid by the post
Join Date: Aug 2012
Posts: 1,862
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Quote:
They appeal to the individual who has bounced so many checks, and defaulted on so many credit accounts, that no mainstream institution is going to let them near anything with a magnetic strip on it.
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Exactly. And I didn't know (until one of my tenants declared bankruptcy) that you cannot get a checking account after you've declared bankruptcy. Money orders are about the only way they have to pay their bills. This card, and others like it, gives them some options.
My eyes have been opened regarding how lucky I am.
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02-14-2013, 07:53 AM
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#8
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Full time employment: Posting here.
Join Date: Apr 2010
Posts: 853
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Quote:
Originally Posted by HawkeyeNFO
I've been using it for a week. BB is not a bank, and is not insured by FDIC. Therefore, they don't accept payments from the federal government. I've been using it to cash in Vanilla re-load cards and make a nice little profit of several hundred dollars. I've only had it for about a week, but it works as advertised. Made a payment to one of my credit cards, no issues noted. For everyday spending, I don't recommend it because it is essentially a debit card, so you don't have anything even close to the protection that a credit card offers.
edit - this is the last thing I would ever leave in the car! What if it gets stolen?
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where are you getting the reloads?! I can't find anyone who will take a CC to buy them!
Quote:
Originally Posted by BLS53
There's a proliferation of these cards on the market. Bluebird is just one of them.
They appeal to the individual who has bounced so many checks, and defaulted on so many credit accounts, that no mainstream institution is going to let them near anything with a magnetic strip on it. The prepaid card fills that market. It's the only way some people have access to anything resembling a bank account or credit card. And they're willing to put up with the high fees.
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and travel/point/cash back hackers.
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02-14-2013, 08:48 AM
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#9
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Thinks s/he gets paid by the post
Join Date: Jan 2010
Location: 5-sided building
Posts: 1,183
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Quote:
Originally Posted by ronocnikral
where are you getting the reloads?! I can't find anyone who will take a CC to buy them!
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Charlie
Victor
Sierra
Intersting point above about the bankrupt tenant. These accounts are being pushed via Wal-Mart, which makes sense for those who can't write a check, but still need a method to send a payment.
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02-14-2013, 08:52 AM
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#10
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Full time employment: Posting here.
Join Date: Apr 2010
Posts: 853
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Quote:
Originally Posted by HawkeyeNFO
Charlie
Victor
Sierra
Intersting point above about the bankrupt tenant. These accounts are being pushed via Wal-Mart, which makes sense for those who can't write a check, but still need a method to send a payment.
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Roger that. Too bad I have none in my state
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02-14-2013, 08:54 AM
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#11
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Thinks s/he gets paid by the post
Join Date: Jul 2012
Location: Mississippi
Posts: 1,894
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Quote:
Originally Posted by HawkeyeNFO
Intersting point above about the bankrupt tenant. These accounts are being pushed via Wal-Mart, which makes sense for those who can't write a check, but still need a method to send a payment.
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One blog I read mentioned it was odd that was AMEX since AMEX probably is not accepted where most of these folks would shop.
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