topic Re: Amex Prepaid Card - Is it worth it just to get in the "Amex club"? in Personal Finance

Amex Prepaid Card - Is it worth it just to get in the "Amex club"?

Anonymous — Wed, 13 Sep 2017 20:18:55 GMT

So Amex has previously denied me because of BK 12/2013 blah blah.. just now i got an email for an Amex Serve Cash Back card.. it is a prepaid debit account that seems to be online only and that earns 1% cash back on purchases.

has anyone else had this offer? does it ever grow,become unsecured or let you more easily get approved for amex?

Thank you for any info you guys can provide!

Re: Amex Prepaid Card - Is it worth it just to get in the "Amex club"?

Anonymous — Wed, 13 Sep 2017 20:20:50 GMT

The Serve platform is not in any way, shape or form connected to the credit card departments. There will be no influence.

Re: Amex Prepaid Card - Is it worth it just to get in the "Amex club"?

Anonymous — Wed, 13 Sep 2017 20:23:31 GMT

ok thank you!.. plus i just read it has a $6 monthly fee and $4 to reload.. yikes!

Re: Amex Prepaid Card - Is it worth it just to get in the "Amex club"?

Anonymous — Wed, 13 Sep 2017 20:24:07 GMT

+1 to what Pooka89 said.

Re: Amex Prepaid Card - Is it worth it just to get in the "Amex club"?

Berk — Wed, 13 Sep 2017 20:25:00 GMT

That's like asking if your bank issued debit card with the Visa logo on it will build your credit score. Two different animals that just happen to process payments throught the same system.

Re: Amex Prepaid Card - Is it worth it just to get in the "Amex club"?

Anonymous — Wed, 13 Sep 2017 20:26:36 GMT

ha ok.. just got excited at my first ever email "offer" from amex.. haha!

ive never ever heard of these cards before which is why i was asking

Re: Amex Prepaid Card - Is it worth it just to get in the "Amex club"?

Anonymous — Wed, 13 Sep 2017 20:26:29 GMT

I am pretty sure it is not a card that requires being "approved" for. I think you can literally pick one up at walmart and load it right there at the store.

Its a debit card. A prepaid one. Im not sure what you mean "grow" or "unsecure". Its not a secured credit card. Its kinda like asking if your reloadable visa card that you buy at rite aid will ever grow or unsecure.

I dont know for sure because I dont have any experience with it, but I highly doubt it has anything to do with approval for other Amex products down the road. There is no kind of payment history or anything that could show some sort of responsible use. So i highly doubt it will effect your odds of getting a charge/credit card from them at any point

Re: Amex Prepaid Card - Is it worth it just to get in the "Amex club"?

krmurrayjr10 — Wed, 13 Sep 2017 20:26:36 GMT

+1 from me, too. Serve is what’s left from the Revolution acquisition and has no bearing on their credit/charge cards.

There was once a program where Amex would monitor your spend on the Serve platform and eventually invite you to apply for one of the big boy cards, but that ended years ago.

Re: Amex Prepaid Card - Is it worth it just to get in the "Amex club"?

Anonymous — Wed, 13 Sep 2017 20:28:09 GMT

okayyy so its a no.. LOL.. like i said i never heard of it so i was just curious.. Delete!

Re: Amex Prepaid Card - Is it worth it just to get in the "Amex club"?

DeeBee78 — Thu, 14 Sep 2017 01:12:37 GMT

@Anonymous wrote:
okayyy so its a no.. LOL.. like i said i never heard of it so i was just curious.. Delete!

Nah, don't delete. It's good that these things are reiterated, so fresh, new forum members see it. Searching these forums for information can be cumbersome.

Also, you're going to get these emails every few weeks or so until you unsubscribe. Might wanna do it now.

Re: Amex Prepaid Card - Is it worth it just to get in the "Amex club"?

Anonymous — Thu, 14 Sep 2017 01:16:08 GMT

And no influence the other way either. I can't get a Serve card (due to previous behavior with one) but no problem with Amex credit cards

Re: Amex Prepaid Card - Is it worth it just to get in the "Amex club"?

Anonymous — Thu, 14 Sep 2017 02:02:14 GMT

haha @deebee i actually meant delete the email!

Re: Amex Prepaid Card - Is it worth it just to get in the "Amex club"?

Anonymous — Thu, 14 Sep 2017 03:26:11 GMT

I got faked out by the email after I was denied,since then I've got 4 cards from AMEX and i'll be darned if they STILL send me that BS offer.Ignore it nothing to see here LOL

Re: Amex Prepaid Card - Is it worth it just to get in the "Amex club"?

Anonymous — Thu, 14 Sep 2017 19:58:20 GMT

$71.40 AF on a 1% cashback card... sounds like a good deal for them!

Re: Amex Prepaid Card - Is it worth it just to get in the "Amex club"?

Anonymous — Fri, 15 Sep 2017 11:40:58 GMT

Sasha123, please join us in the garden. 6 months will do alot of good.

Re: Amex Prepaid Card - Is it worth it just to get in the "Amex club"?

Anonymous — Fri, 15 Sep 2017 15:08:45 GMT

donny.. i get it.. enough.. i am obviously not gonna do this..........