Walmart and Green Dot Cards

Recently, I wrote about the new re-loadable prepaid Green Dot Cards. I just found out that one place to buy and reload them is at your nearest Walmart.

They have embraced this new refillable debit card, and carry their own branded version. I think they realized that it is a good financial tool for lower income or frugal people, who make up a large segment of their customers.

The Green Dot Card fills a void between cash, regular debit cards, and credit cards:

1. Unlike a credit card, you are paying with your own money - like regular debit cards and cash.

2. Unlike traditional debit cards, it's not linked to your checking account, s nobody can steal all your money.

3. It is safer than cash. If your card is lost or stolen, you can report it and get your balance moved to a new card.