Currently, there are five flavors of Visa Buxx.
I personally have the US Bank and Nationwide Visa Buxx. Let’s start off with the cards I do not have and why:
- Navy Federal
- In order to fund, they will only accept Navy Federal issued debit or credit cards
- Sandy Spring Bank
- Appears to require to be a Sandy Spring Bank Customer
- Site is not very clear
- Pay Jr
- Recurring monthly fees,
- US Bank
I just received the Nationwide card and am still learning the in’s and outs. Upon signing up for both cards, there is one noticeable difference between the two. Nationwide allows you to create a card in your own name not requiring a second social security number. On sign up, US Bank requires a separate social security number for a “child.” This is important because if you are like me, single and without kids, then the Nationwide card is the way to go.
US Bank’s Visa Buxx is a great product. Load up to 517.50 per transaction at $2.50. This equates to .005 dollars per point generated. I have loaded my Bluebird with $1000 transaction at the pin pad as well as purchased money orders in Walmart.
Side note, both the US Bank and Nationwide card will charge inactivity fees after 6 months. I don’t expect to leave any of the cards inactive for that long and if I do, it would probably have a 0 balance.
As I test more with the Nationwide Visa Buxx card I will report back.