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Member
Astheros
Posts: 6
Registered: ‎03-28-2013
0

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.
Regular Contributor
Jon85
Posts: 247
Registered: ‎02-21-2013
0

Re: Amex prepaid leads to unsecured amex

I like the sound of that!

I just ordered the prepaid Amex too...


Thanks for sharing!

Regular Contributor
hopingsoon
Posts: 231
Registered: ‎03-09-2013
0

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+ :smileyhappy:


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Member
Astheros
Posts: 6
Registered: ‎03-28-2013
0

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
Frequent Contributor
Henchman21
Posts: 349
Registered: ‎02-16-2013
0

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
Regular Contributor
dobirdsmommy
Posts: 229
Registered: ‎02-29-2012
0

Re: Amex prepaid leads to unsecured amex

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

2011 starting score 383 pull for Santander, EX 639, EQ 669, TU 651 (lending club pull)
Wallet:ME: 750 Cap One, 5k Quicksilver/rewards, 750 Capital one, Gamestop CC 1150, 2370 FH,! nissan funded lease BYE BYE SANTANDER, Chase Auto Loan 12/16k, VS 1150, BH 1020, Express 1000, Avenue 750, JCrew 800, HSN 1070, Torrid 950,Roamans 800, Jessica London 940, kings direct 800, Buckle 800, OSP 1050, WW 1050, Solutions 800, Blair 750.. baddies: 2 FP CO 08,
DH: 750 Cap One 750 Cap One 750 capital one fh 2000, AU - VS, BH, HSN, QS 5k
Frequent Contributor
Henchman21
Posts: 349
Registered: ‎02-16-2013
0

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
Member
Astheros
Posts: 6
Registered: ‎03-28-2013
0

Re: Amex prepaid leads to unsecured amex

Maybe I'll call them again, that is what I was told by the rep.
Frequent Contributor
twall06
Posts: 349
Registered: ‎10-25-2012
0

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.
Frequent Contributor
Henchman21
Posts: 349
Registered: ‎02-16-2013
0

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. :smileytongue:

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

GOAL #1: 625

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