If you're reading this, you probably either heard about the Emerald Card or are already one of its many happy owners. The card is one of the most well-known and successful rewards cards that's available in the United States, Canada and Australia.
In short, it's a card that allows users to earn points that they can spend on certain goods and services. While there are many ways to redeem these points for cash prizes and other benefits, the best way is usually by withdrawing money from a bank account linked to the card. Once you understand how it works, withdrawing money from your Emerald card becomes as easy as pressing a button.
What is the Emerald Card?
The Emerald Card is known as a reloadable prepaid debit card that can be used for direct deposit to your tax refund, and it can be accessible of your funds after one year. You can use the Emerald Card in any place where the Debit Mastercard is accepted.
While many credit cards charge a fee for cash withdrawals, the Emerald Card doesn't charge a fee for cash withdrawals. Emerald Card is a great way to keep your funds safer than carrying the cash.
If you have a new Emerald Card, which is active but the payment is received on your old card. You don't have to worry at all. Please wait for some hours to ultimately reflect the payment on your new Emerald Card.
How to withdraw money from your Emerald Card for free?
The Emerald card is the brand by Mastercard. You can use this card to withdraw your cash in ATMs. You'll not be charged any monthly fees while withdrawing cash. You have to follow some steps to withdraw money from Emerald Card -
First, you have to insert your Emerald Card into the ATM and then select a credit card. The card won't work if you choose savings or checking account.
Enter the PIN of your card and the specific amount that you want to withdraw. Follow the direction to accomplish your transaction.
After completing the withdrawal process successfully, collect your money.
Finally, take your Emerald card and keep it very safely.
You can contact the customer service of H&R Block by dialing 1-866-353-1266 if you need any inquiry about the withdrawal.
Where can I withdraw money from my Emerald Card?
You can withdraw money from your Emerald Card at any ATM which accepts cards from Mastercard, Maestro or Cirrus brands. This card can also be used at ATMs of Axos banks. Here's a list of some top banks where you can withdraw money from your Emerald card with a withdrawal limit:
Bank of America - $1,000
Capital One - $1,000
Ally Bank - $1,000
BMO Harris - $1,000
Chase Bank - $100-$3,000
Charles Schwab Bank - $1,000
Citi Bank - $1,500-$2,000
Citizens Bank - $500
HSBC - $500-$1,000
Discover Bank - $510
Fifth Third Bank - $810
Regions Bank - $808
Union Bank - $500
KeyBank - $1,500
Trust Bank - $3,000
TD Bank - $1,000
How much can you withdraw from Emerald Card?
As mentioned previously, the amount you can withdraw from your Emerald Card is limited only by your bank account; it may vary. The daily ATM withdrawal limit is $3,000, and the rate is highly comparative to other card limits.
The limit of daily cash load is $1000, whereas the limit of daily spending is $3,500. However, this varies on your current account balance and your account history. You can withdraw a maximum of $9,500 per month from your Emerald Card. Keep in mind that you're only allowed to withdraw £30 in the first year of your card.
Benefits of using an Emerald Card
The benefits of an Emerald Card are many, but the most important one is that it gives you access to some best available rewards programs. For example, if you have an American Express card, you can get free travel on American Express partner airlines, hotels, and attractions in the United States.
Some of the cards that offer the most value with the Emerald Card include the Chase Sapphire Reserve, the Capital One Venture card and the Citi Prestige card. While the Chase Sapphire Reserve costs $450, you can get it for as little as $450 if you have an existing Chase credit card.
Conclusion
The Emerald Card is a good rewards card, particularly if you're a frequent traveler. It allows you to earn points that can be spent on purchases at retailers like American Express, Bank of America and Citi, and some travel options.
However, the best way to get the most out of the card is to either shop around for the best rates or use a card aggregation service to find the best deal. With that, you can easily save a small amount each month compared to paying the total price for goods and services.