If you aren't familiar with prepaid cards, they work just like credit cards, but have a certain balance on them to be used. This makes them very convenient, since they're widely accepted. They're somewhat safer than cash, since you can contact the company if they're lost or stolen. It's impossible to spend more than you have, unlike debit cards where you could overdraft from your bank account. Plus, that feature makes budgeting easy - which might be nice if you have a child who overspends their allowance, or if you want to give a college student a living allowance while they're away from home. They're flexible too, which could make them a good gift option. They're also reloadable, so you don't have to buy new ones every time you want to give a person more money.
The American Express Prepaid Card comes with many of the same features that their credit cards have - 24-hour customer service, purchase protection if an item is lost or damaged in the first 90 days, discounts and special offers available only to cardmembers, roadside assistance, and Global Assist (travel assistance internationally). It also comes with very few fees - no transaction, annual, monthly, customer service, or overdraft fees; no credit checks; and even one free ATM withdrawal per month (ATM owners might still charge a fee, but Amex won't). There are no fees for activating or reloading the American Express Prepaid Card. The American Express Prepaid Card is not available for sale in Arkansas and Vermont. Complete details are available on the American Express Prepaid Card website.
“I wrote this review while participating in a blog tour by Mom Central Consulting on behalf of American Express and received a promotional item to thank me for taking the time to participate.”
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