topic Re: AMEX prepaid or AMEX PASS for college graduate gift? in Credit Cards

AMEX prepaid or AMEX PASS for college graduate gift?

danpass — Sat, 28 Apr 2012 01:32:24 GMT

for a younger brother.

Re: AMEX prepaid or AMEX PASS for college graduate gift?

pizzadude — Sat, 28 Apr 2012 01:42:28 GMT

danpass wrote:
for a younger brother.

Does he currently have any credit cards ? Any idea what his credit picture is like ?

Re: AMEX prepaid or AMEX PASS for college graduate gift?

danpass — Sat, 28 Apr 2012 01:48:31 GMT

no idea.

further reading leads me to believe the Prepaid would be more effective, at least internally, concerning a future Amex charge card.

Order an American Express Prepaid Card in your name.
Use it regularly for your everyday needs to create a history with American Express.
Once a good track record is developed, you may be invited to apply for an American Express Charge Card. It's just one more way to work toward financial independence.

Re: AMEX prepaid or AMEX PASS for college graduate gift?

pizzadude — Sat, 28 Apr 2012 02:01:39 GMT

Sounds like a great gift ! I would have loved any kind of gift card like that....

And if he decides to apply and get in with AMEX, it would be great for his future credit history w/backdating.

Re: AMEX prepaid or AMEX PASS for college graduate gift?

danpass — Tue, 08 May 2012 16:44:47 GMT

ok now how to fund using an Amex.

Is there an option to do so?

Otherwise can I get a MoneyPak using my Amex and then load the prepaid?

pointspointspoints :D

Re: AMEX prepaid or AMEX PASS for college graduate gift?

buildingitbackup — Tue, 08 May 2012 16:52:53 GMT

I thought Prepaid nor Pass backdates if you were to get a charge card.

Re: AMEX prepaid or AMEX PASS for college graduate gift?

Revelate — Wed, 09 May 2012 00:21:19 GMT

buildingitbackup wrote:
I thought Prepaid nor Pass backdates if you were to get a charge card.

It doesn't backdate, but Amex states their pre-paid card is for people just starting out with credit that want a shot to get in with the Amex family.

I think it's a good plan, danpass has it right in his analysis AFAIK. As for funding it, there is an option once you log into the Amex account to fund the card (some random link on the right as I remember) and you can setup your bank account information there. It'll take a week or so to fund it.