Walmart, Amex Roll Out Prepaid Card
The company said the card is an “alternative to debit and checking accounts” and will be available next week online or in more than 4,000 Walmart stores. There is no fee to set up the card online at Bluebird. com but there is a $5 fee for an account set up kit at Walmart stores with any amount between $1 and $500 for immediate use. Gerri Detweiler, credit card expert from Credit. com, said the card combines the appeal of the American Express brand, “which is generally seen as an upscale card,” and the wide distribution available through Walmart. Read more about how banks are raking in cash on checking overdraft fees. “Prepaid cards have been trying to establish themselves as a smart alternative to increasingly expensive bank accounts and this program may help them do that,” Detweiler said. Banks’ overdraft fee revenue increased 2. 1 percent to $31.
People:
Gerri Detweiler
Overall Sentiment: 0.0359739
Relevance: 0.664022
| Sentiment | Quote |
|---|---|
| 0.108487 | “Prepaid cards have been trying to establish themselves as a smart alternative to increasingly expensive bank accounts and this program may help them do that,” Detweiler said. |
| -0.186704 | Detweiler said the fees on this card are “very low,” ... |
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Additional Info:
Company: Walmart
Overall Sentiment: 0.083709
Relevance: 0.803572
Disambiguation: References:
Company: American Express
Overall Sentiment: 0.0335818
Relevance: 0.343139
Facility: Walmart
Overall Sentiment: -0.0132362
Relevance: 0.483537
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Walmart and American Express announced Monday morning that they would make available a reloadable prepaid card for consumers tired of banking fees. The company said the card is an “alternative to debit and checking accounts” and will be available next week online or in more...
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Walmart, Amex Roll Out Prepaid Card
URL Provided Keywords:
- American Express
- Bluebird
- credit
- debit
- pre-paid
- walmart
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