I’ve spent the last few weeks using and reviewing Bluebird by American Express, the prepaid card that can be used like a credit card wherever American Express cards are accepted, and can also be used to pay bills online. But it’s more than a prepaid card, because Bluebird also offers roadside assistance facilitation and purchase protection – which most prepaid cards do not offer.
I found Bluebird to be easy to use and definitely convenient – I especially enjoyed the iPhone app, where I can not only track my balance but also take images of my checks to deposit them. No more trips to the bank!
Since my kids are younger, I didn’t use Bluebird with them. However, I definitely see Bluebird as a great way to help kids budget. You can use subaccounts to send money to them (up to 4 different subaccounts allowed per account), or you could provide your children with their own Bluebird account. Since Bluebird can be used wherever American Express cards are accepted, it can be used for most in-store or online purchases, or your child can use the card to withdraw money from an ATM. If your child is in college, it’s a great alternative to a checking account, because it offers bill pay, and is easy to reload.
Disclosure: This series of posts is sponsored by Bluebird by American Express.