Good morning everyone. A few days ago, Doctor of Credit alerted us to major changes to the Nationwide Visa Buxx reloadable debit card. The old weekly reload limit was $500 per card, now the new reload limit is $200 per card. Here are the current reload limits as of 1/12/2016:
I logged in to my Nationwide Visa Buxx account and attempted to reload more than $200 to my card.
Unfortunately, a big red error message popped up and told me to change my entry to be between $10 and $200.
I reloaded a Nationwide Visa Buxx teen card in the last 7 days so I couldn’t even test a $200 reload this morning. I assume the fee is still $2 per reload. Previously, you could reload 4 cards up to $1,000 each in a single month. That would require 8 $500 reloads, costing a total of $16 in reload fees (8 x $2). It says you can reload up to 5 times per month, at $200 per week, so technically it should be possible to load the same $1,000 to each card. If you can fully fund all 4 cards at $1,000, that would require 20 $200 reloads, costing a total of $40 in reload fees (20 x $2). I’m not sure if it is a great deal, but I will probably continue to load my Nationwide Visa Buxx teen cards until a better deal comes along.
If you have any questions, please leave a comment below. Have a great day everyone!
The cost is similar to purchasing VGC at the drugstore and slightly more expensive than Simon. Overall it is still not a bad choice for minimum spend especially since you can “unload” at any ATM.
Very true, I just have to figure out how to set up automatic reloads now. Too much hassle for manual reloads, right?
just did it. when you click on “fund teen card” then you can select “scheduled load”
Cool, I need to set that up tonight. Thanks Whitney.
I went ahead and set up manual scheduled reloads through July 2016 on all our five teens. I’m hoping I will somehow get “grandfathered” by a bug in their lame software. All will be revealed on 1/11 when the first load is scheduled (the earliest I could do).
Good luck, I hope your plan works well. Keep me posted :)
I decided to do this on Jan 10th, after finding out my bluebird was shut down. I was able to load an initial $500 and set up weekly reloads for $500, starting on Jan 11th. Looks like both went through. I’m sure it won’t continue. How many times a month do you do any spends on this card? With the US Bank Buxx, as long as I did around 5 spend transactions a month, they didn’t shut me down.
I’ve never been shut down with NW Buxx and I don’t do any real spend on my cards.
Great, thanks!
How often do they let you change the credit card on the parent account?
You can change it often, but you can only have 2 credit cards on file at any given time.
this company go to closet out money with big problems
Come again?