REDcard prepaid by American Express will actually pay you $20 to have your tax refund deposited into their account.
Recently I wrote about an easy way to manufactured spend using REDcard.
This is another an added bonus to having a REDcard. Not only was I able to have my State and Federal taxes done for free, but I actually made $40 this year. Sweet! Here's how:
When you file your taxes, you are also given the option to split your refund into up to 3 different accounts. So I had part of my refund go to my wife's REDcard (aka Redbird) prepaid account and the other part go into my REDcard prepaid account.
It took about 10 days for my refund to post to my account from the time I finished filing my taxes. Here are the posted transactions on my REDcard account with the $20 bonuses:
|My REDcard account|
|My wife's REDcard account|
What do you have to do to get the $20?
You just have to have a REDcard account and have your refund sent to that account. This is the hard part because it's not that easy to get a REDcard prepaid account because not all Target's have them. Once you have your account, you simple have your refund sent there...no need to sign up for the promotion.
I simply had my refund withdrawn into my other bank account once it showed up on REDcard.
Questions about getting a REDcard account? Other questions? Leave a comment!