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Amex prepaid leads to unsecured amex

Member

Amex prepaid leads to unsecured amex

So I heard about this program on the Internet and I called amex to confirm. I was told that after six month of pre paid history with them they start to evaluate your activity and within 6 months to 2 years they can decide to offer you an unsecured card. I was told by the rep that after 30 months of continued use they almost guarantee that you will get an unsecured card. They recommend that you automatically reload on a set schedule and that you use your car for everyday purchases.

On a personal note I have also be using the pre paid card for about 4 or 5 months now and I have not paid 1 dollar in fees. It is absolutely fee free unless you withdraw from the ATM and I believe that fee is $1 per transaction. I definitely recommend it.
Message 1 of 14
13 REPLIES
Frequent Contributor

Re: Amex prepaid leads to unsecured amex

I like the sound of that!

I just ordered the prepaid Amex too...


Thanks for sharing!

Message 2 of 14
Regular Contributor

Re: Amex prepaid leads to unsecured amex

Bump.

I like the sound of this too. I'm curious to see some others weigh in and add personal experience with this being true.



Starting Score: FAKOs EQ 537 TU 497 EX 517
Current Score 7/11/13: FICOs EQ 650 TU 659 EX 655
Goal Score: 675 Who am I kidding? Goal Score: 750+ Smiley Happy


Take the myFICO Fitness Challenge
Message 3 of 14
Member

Re: Amex prepaid leads to unsecured amex

And as a bonus you get to look like a bonified credit success by using an amex. The card does not say prepaid anywhere but in the back in small type. Lol
Message 4 of 14
Frequent Contributor

Re: Amex prepaid leads to unsecured amex

I wonder if that goes for the Campus Edition as well?

2/16/13 Scores EX: 594, TU:513, EQ:563 -- Cap One Secured: $200, Kay's: $400

GOAL #1: 625 -- CHECK!

3/31/15 Scores TU: 621 -- Cap One Secured: $750, Kay's: $900, CareCredit: $1000, Aerie $350, Fingerhut $1350

Goal #2: A travel card. REC ME!
Message 5 of 14
Established Contributor

Re: Amex prepaid leads to unsecured amex

I have had this card for over a year now and no offers at all. YMMV

building since 2011 Wallet:ME: Walmart 3k;Barclays Rewards 10k, Venture 18k; Slate 5k; Freedom 10k; overstock 4.8k, SGV2.5k; WEMC 20k 1.5 Rewards, Gamestop 1.2k, Fingerhut 3k; 2 NMAC Leases , VS 1.75k, BH 1.62k, Express 1.6k, Avenue 1.75k, JCrew 5k, HSN 1.47k, Torrid 1.55k, Roamans 1.4k, Jessica London 1.54k, kings direct 1.7k, Buckle 1.4k, WW 1.65k, ........ baddies:Fed Tax Lien
DH: 1750 capital one fh 2000, AU - VS, BH, HSN, WEMC, SPGV. Freedom, Slate, Venture, Barclays
Message 6 of 14
Frequent Contributor

Re: Amex prepaid leads to unsecured amex

I did some research today. From what I can tell, the Make Your Move program has been discontinued and since there's not anything actually on the AMEX website about it, I would guess that's not available anymore. Also, in the original text, it specifically mentions it's only for those building credit, not rebuilding.
2/16/13 Scores EX: 594, TU:513, EQ:563 -- Cap One Secured: $200, Kay's: $400

GOAL #1: 625 -- CHECK!

3/31/15 Scores TU: 621 -- Cap One Secured: $750, Kay's: $900, CareCredit: $1000, Aerie $350, Fingerhut $1350

Goal #2: A travel card. REC ME!
Message 7 of 14
Member

Re: Amex prepaid leads to unsecured amex

Maybe I'll call them again, that is what I was told by the rep.
Message 8 of 14
Frequent Contributor

Re: Amex prepaid leads to unsecured amex

Check it out on the credit cards sections many have said on there it doesn't lead to getting a charge card.
Message 9 of 14
Frequent Contributor

Re: Amex prepaid leads to unsecured amex

Also, everyone I saw that ended up with an AMEX had scores that were likely to be approved anyhow. Smiley Tongue

2/16/13 Scores EX: 594, TU:513, EQ:563 -- Cap One Secured: $200, Kay's: $400

GOAL #1: 625 -- CHECK!

3/31/15 Scores TU: 621 -- Cap One Secured: $750, Kay's: $900, CareCredit: $1000, Aerie $350, Fingerhut $1350

Goal #2: A travel card. REC ME!
Message 10 of 14