Well, it has been a great run. Back in October 2012, Amex and Walmart launched the Bluebird account, a prepaid checking alternative for people who were sick of the fees charged by banks or had problems with overdrafts. For those of us in the points and miles game things got more interesting when it was possible to reload your account using gift cards. This gave us $5000 in almost free spending each month which made it a snap to meet high spend requirements for both sign on bonuses and ongoing spending bonuses. Well today Bluebird’s time came to an end for many many folks including myself who used it for liquidating $5K of gift cards each month. The hammer dropped on thousands of account at about 10:57 EST this morning. Emails came out shortly before then:
All accounts were not effected but judging from the FlyerTalk thread it was a wide selection of accounts. The obvious candidates were people who loaded their card with the maximum of $5,000 each month and then did a Bill Pay to a credit card or otherwise cashed it out via ATM or bank transfer. While this is definitely a blow to many, there are still alternatives such as Money Orders with Gift Cards at Walmart and Money Orders with Gift Cards at Kroger so if you are stuck with a bunch of gift cards, don’t despair!
The miles game operates in ebbs and flows and when one door closes another one opens. Besides if nothing ever changed then what would I write about!? 🙂 Respond in a comment below if you were effected and what you will do as an alternative.
As always, reply with any questions and follow me on Google+, Facebook, Twitter and Instagram to make sure you don’t miss any great info! And don’t forget to share this article with anyone who might be interested using the handy social share buttons right below this post!