rudedog40
Member
My sister-in-law decided to get my daughter this Walmart VISA debit card with $50 on it. She can use it at any store that takes VISA, instead of just using it at Walmart. It looks like a credit card, and you have to call a 800 number to activate it. We called the number, and found out that when you activate it, you have to use the card completely in that month, or pay a $4.95 usage fee!
So because we activated it on December 22nd, she has until January 1st to spend the entire $50, or lose $4.95 for EVERY month she doesn't use the money. You supposedly can also pull money out of it from an ATM machine. So my sister-in-law says, "Let's go down to the store and just pull the $50 from the card, and throw it away". WRONG. There's a $2.95 fee for every ATM transaction!
So if you bought one of these cards for your loved ones for Christmas, read the terms of the card very carefully. It appears any of these kind of debit gift cards have these kinds of fees. So don't let them activate it until after January 1st, or you'll surely be spending the day after Christmas at your local mall.