Credit Card Review & Application
|APR on Purchases:||N/A *|
|Card Issuer:||American Express|
|Card Network:||American Express®|
|Card Category:||Consumer (Stored Value)|
|Card Type:||- Card for Bad Credit|
- Guaranteed Approval
- Prepaid Debit Card
- Reward Card
|Credit Needed:||Bad Credit OK*|
With a prepaid debit card from American Express, you will be able to utilize many of the privileges that credit can offer without having to worry about making monthly payments. Some of these cards are extremely basic, letting you deposit money and use it at your leisure; but that's it. Other cards give you improved access to benefits that are usually reserved to the best credit cards on the market. This is one of those cards.
Basically, when you have a prepaid card from American Express you will be able to use your card instead of cash without monthly or annual fees. You will also avoid additional fees like purchase fees and overdraft fees, which are things that can be very sneaky and ruin credit scores for people who may be struggling, even with the best of intentions. Speaking of credit, prepaid cards like this one are extremely helpful for people with credit struggles because approval does not require a credit check!
Because this card bears the American Express name and symbol, though, what you will find is benefits that are more recognizable to an American Express member than to a prepaid debit card holder. Indeed, membership has its privileges and the privileges with this card include everything you will find with an American Express card.
For example, you will get Purchase Protection that ensures you always get what you pay for (insurance from theft, loss, or damage on new purchases). You will also get Fraud Protection (which ensures you fraudulent and unauthorized charges do not affect your available balance). Finally, you will get the same Roadside Assistance service available to all American Express credit card holders.
Since this is a prepaid card, you have all kinds of options in terms not only spending your money but depositing it too. You can load money online or over the phone, which acts a bit like a wire or balance transfer. You can also add money with cash by visiting your bank. Obviously, the, you can use your card at any retailer - in life or online - who accepts American Express.
You can even use the card to get a cash advance from an ATM if you have an emergency or other unexpected expense. What is best about this card, though, is that you can continue to add and use money as your needs require, repeating the process as often as you need, and even granting online access to several users. Speaking of online access, you can also use the web access to view your transaction history and even set up payment or warning alerts.
The review prepared by CreditCardsCo™. Opinions expressed therein are solely those of the reviewer.
|Rewards:||- Load $200 or more at the time of order, and receive a complimentary $25 Gift Card.|
|Other Benefits:||- Purchase Protection|
- Roadside Assistance
- American Express Selects
- Fraud Protection
- Make Your Move
- Global Assist Services
- World-class 24-hour Customer Service
- Entertainment Access
|Online Account Access:||Yes|
|100% Guarantee Approval:||Yes|
|APR on Purchases:||N/A *|
|Late Payment Fee:||N/A*|
|Additional Fees|| |
Annual fee - None
Customer service fee - None
Monthly fee - None
Overdraft fee - None
Transaction fee - None
We do not offer online application for this card at the moment.
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† The information provided for American Express® Prepaid Card is believed to be accurate at the time of evaluation (Mar 23, 2014). We strongly advise visitors to review the terms and conditions to verify accuracy of the information posted prior to applying for the product.