topic Re: Amex prepaid card (not PASS) in Credit Cards

Amex prepaid card (not PASS)

Anonymous — Fri, 17 Jun 2011 19:13:02 GMT

Interesting that there are no foreign transaction fees with this 'card'.

Re: Amex prepaid card (not PASS)

Anonymous — Fri, 17 Jun 2011 19:20:54 GMT

Theres a whole page about it here:

https://www212.americanexpress.com/dsmlive/dsm/dom/us/en/personal/cardmember/additionalproductsandservices/giftcardsandtravelerscheques/gpr_home.do?vanity=americanexpress.com/prepaid&vgnextoid=afdd06393b3ec210VgnVCM100000defaad94RCRD&vgnextchannel=95ddb81e8482a110VgnVCM100000defaad94RCRD&appInstanceName=default&name=gpr_home&type=intbenefitdetail

Seems like there marketing it more for adults as pass seems to be for teens.

Re: Amex prepaid card (not PASS)

Anonymous — Fri, 17 Jun 2011 19:36:15 GMT

I know, that's where I saw it.

Re: Amex prepaid card (not PASS)

Anonymous — Fri, 17 Jun 2011 23:10:54 GMT

Wow is that green dot? If so arent there fees to load the card?

Re: Amex prepaid card (not PASS)

Anonymous — Fri, 17 Jun 2011 23:39:21 GMT

Not according to the website. Only fee it looks like is the ATM fee for more than 1 ATM withdrawal.

Re: Amex prepaid card (not PASS)

CS800 — Mon, 20 Jun 2011 18:22:00 GMT

AMEX should have come up with a credit builder card or even a secured card. This would have gotten them more customers. This one is a prepaid card that has no contribution whatsoever to someone's credit.

They go either prime cards or prepaid card. How about something in between?

Re: Amex prepaid card (not PASS)

Red1Blue — Mon, 20 Jun 2011 19:09:11 GMT

I ordered one card online. Not sure when it would arrive.

Re: Amex prepaid card (not PASS)

Anonymous — Mon, 20 Jun 2011 19:58:14 GMT

@CS800 wrote:
AMEX should have come up with a credit builder card or even a secured card. This would have gotten them more customers. This one is a prepaid card that has no contribution whatsoever to someone's credit.

They go either prime cards or prepaid card. How about something in between?

they do not want more customers they just want better ones..

Re: Amex prepaid card (not PASS)

Anonymous — Mon, 20 Jun 2011 19:59:43 GMT

@Anonymous wrote:
Wow is that green dot? If so arent there fees to load the card?

Amex prepaids are pretty bad...Western Union prepaid is a better choice.

Re: Amex prepaid card (not PASS)

Anonymous — Wed, 22 Jun 2011 00:31:37 GMT

@Anonymous wrote:
Wow is that green dot? If so arent there fees to load the card?

There are various ways to load the card. If you use your AmEx card or bank account to load, there are no fees. If you use a "Money Pak" then there is a fee included in the purchase price. I think AmEx says they will even refund that fee.

Re: Amex prepaid card (not PASS)

Anonymous — Wed, 22 Jun 2011 00:32:09 GMT

@Anonymous wrote:

@Anonymous wrote:
Wow is that green dot? If so arent there fees to load the card?
Amex prepaids are pretty bad...Western Union prepaid is a better choice.

Why?

Re: Amex prepaid card (not PASS)

Anonymous — Wed, 22 Jun 2011 00:44:00 GMT

@Anonymous wrote:

@CS800 wrote:
AMEX should have come up with a credit builder card or even a secured card. This would have gotten them more customers. This one is a prepaid card that has no contribution whatsoever to someone's credit.

They go either prime cards or prepaid card. How about something in between?
they do not want more customers they just want better ones..

Of course the want more customers, they don't want you to have good credit that is why the fico score was created. Before fico score it was to simple you pay your credit card on time you have good credit. Now that is not the case

Re: Amex prepaid card (not PASS)

CS800 — Wed, 22 Jun 2011 02:15:16 GMT

@Anonymous wrote:

@CS800 wrote:
AMEX should have come up with a credit builder card or even a secured card. This would have gotten them more customers. This one is a prepaid card that has no contribution whatsoever to someone's credit.

They go either prime cards or prepaid card. How about something in between?
they do not want more customers they just want better ones..

Better ones by creating a hype about a prepaid card that has nothing to do with credit rating?

Re: Amex prepaid card (not PASS)

trumpet-205 — Wed, 22 Jun 2011 02:21:16 GMT

@CS800 wrote:
AMEX should have come up with a credit builder card or even a secured card. This would have gotten them more customers. This one is a prepaid card that has no contribution whatsoever to someone's credit.

They go either prime cards or prepaid card. How about something in between?

They used to have student card for college students/teenagers who are starting out on building credit. During recession, however, they got burned pretty bad from these cardholders so they discontinue the student card.