In the last couple of months that I have been using the Nationwide Visa Buxx, I have been visiting WholeFoods for cash back then depositing the cash and repeating the cycle. However, I only do this once a week. I may need to incorporate additional use like withdrawing from an ATM to churn more dollars into and out of the card to generate more Ultimate Rewards points using my Freedom. Here are my pros and cons for both Nationwide Visa Buxx and US Bank Visa Buxx from my viewpoint:
Pros to Nationwide Visa Buxx:
- Cash back at participating vendors from purchases
- Can use your own SS# when signing up initially
- Automatic loads after a balance threshold
- Free ATM use from Allpoint ATM’s
ATM Usage
There is no fee for using your Card at Nationwide Bank or Allpoint ATMs. If you use your Card at other ATMs, including those displaying the Visa/Plus logos, there is a $1.00 fee, and the ATM terminal owner may charge additional fees and “surcharge” for ATM transactions.
Schedule of Fees and Charges
Visa/Plus Network ATM cash withdrawal and balance inquiry: $1.00 per transaction (the terminal owner may charge additional fees and “surcharges” for ATM transactions)
- $800 weekly purchase limit
- $200 weekly (7 days) withdrawal limit this includes cashback
- Confusing terms and conditions regarding ATM withdrawals
- $1000 max value
- Load limits higher, $517.50 (Nationwide is $500)
- $2000 max value
- Not sure on max purchase per week, but I can confirm I have done $1000 in a transaction and went through successfully
- No cash back
- Have to have a SS# that is not your own for the initial creation
