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Wal-Mart, American Express team on prepaid card

The front of a Walmart store is seen in this file photo. (Walmart)

October 8, 2012 12:00:00 AM PDT
The nation's biggest retailer is teaming up with a credit card giant to offer prepaid plastic.

Wal-Mart and American Express said Monday they are joining forces on a reloadable prepaid card called Bluebird. It will have no minimum balance or monthly, annual or overdraft fees.

The companies call Bluebird an alternative to debit and checking accounts.

The card will be available at www.bluebird.com and in more than 4,000 Wal-Mart stores next week.