Earlier this week, American Express and Wal-Mart announced a new prepaid debit card called Bluebird. According to the press release, “Bluebird addresses the need for an affordable, transparent way to manage everyday finances, with premium features, no minimum balance, monthly, or overdraft fees.” I’m intrigued by this partnership by two very different companies for a product that actually seems very straightforward and user-friendly.
Learn more about it and continue reading to enjoy my 10 favorite personal finance blog posts from the past week!
Would you lie to your bank if it meant protecting yourself from identity theft?
Although some cardholders indicate they would stretch the truth to keep themselves safe — telling the bank a credit card was lost or stolen when, in fact, that wasn’t true — lying could actually end up hurting you, experts say.
I thought I’d try something new I hope you find useful: Today’s reading list. It’s headlines and other reports on credit, debt and payments systems that I found newsworthy, interesting or odd enough to be worth passing along.
Less than a month after its debut, the Kardashian Kard may be kaput. Kanned, Kanceled. Klipped. Kremated.
The prepaid debit card featured high upfront fees ($59.95 for six months or $99.95 for a year-long membership) and was heavily marketed to teens and young professionals. Consumer groups warned teens, their parents and young adults not to be swayed by the card’s hip promoters, celebrity sisters Kim, Khloe and Kourtney Kardashian.
Consumers Union, the nonprofit owners of Consumer Reports magazine, even started a campaign asking consumers to sign e-cards urging the Kardashians to take their names off the prepaid card.
It looks like they’ve done just that.
Just in time for the start of the 2010 regular football season, the National Football League and Visa Inc. have teamed up to release a new educational video game: Financial Football 2.0.
Designed to help young and old test their knowledge of credit and debt, student loans and retirement accounts, the game is a step in the right direction for helping us all increase our financial literacy.
The staff at CreditCards.com wanted to see how challenging and educational the new game actually was, so we played it — lots of times. Here’s what we found…