New Amex Prepaid card With Purchase Protection

[yitzf]

Just got an email today:

The American Express® Prepaid Card is a reloadable Card that's a safe, easy way to pay - in stores or online. There is no credit check to get the Card - so it won't impact your credit history.

Loaded with benefits. Not with fees.
   
No monthly, overdraft, or purchase fees.
   
Access to world-class Cardmembership benefits, like Purchase Protection on eligible purchases, Roadside Assistance, Fraud Protection, and Global Assist® Services.

Now for the fine print: Click here for FAQ's

American Express Prepaid Card Users can use the Card at an ATM. American Express provides one free ATM withdrawal per calendar month. Thereafter, a fee of $2.00 is assessed against the balance of the Card. Please note: ATM owners/operators may also charge their own fees for each withdrawal. The amount the American Express Prepaid Card User can withdraw depends on the available funds on the Card, but cannot exceed $200 per week.

You may fund the card with a bank account or:
Load with Cash
A MoneyPak is an easy way to load cash onto your Card. The Card Purchaser may buy a MoneyPak at stores nationwide, including major retailers such as Walmart, CVS/pharmacy, Kmart, Rite Aid, 7-Eleven and Walgreens. Follow the directions below to successfully load cash to your Card.

Pick up a MoneyPak from the prepaid product section and take it to the register.
Give the cashier the amount of cash you want to load to the Card (up to $500). A MoneyPak purchase fee of up to $4.95 will be added to your purchase.
Visit MoneyPak.com or call 1-800-GREENDOT to transfer funds from the MoneyPak to the Card. You will need to provide the American Express Prepaid Card number and the MoneyPak number.
Limited time offer: add cash to the Card with a MoneyPak and American Express will refund the purchase price of the first MoneyPak you use to load the Card.

You may load any amount from $25 to $500 onto a MoneyPak at most retailers. However, a MoneyPak loaded with more than $500.00 cannot be used to load the Card. You may currently load up to $500 a day to the Card, but cannot exceed a balance on the Card of $2,500 at anytime. Green Dot charges fees to purchase and use a MoneyPak, but there are no additional fees assessed by American Express for a cash load.

[WhyAich]

Is this a way to get back into Amex?

They pulled all my cards a while back and now always request my tax returns...

[myb821]

It says they will refund first money pack does that mean we can lead with 500 and get reimbursed and if their a link

[yitzf]

Just realized that a money pak can only be purchased with cash (or so they say)

so this card wont help us too much in meeting spending thresholds

[myb821]

Just realized that a money pak can only be purchased with cash (or so they say)

so this card wont help us too much in meeting spending thresholds

but can we make 500 dollars anx again do you have a link

[yitzf]

Use the link in the OP

[HelpMe]

Just realized that a money pak can only be purchased with cash (or so they say)

This is correct according to the terms but some cahiers are not aware of it. It is trial and error. Whenever you are at a store throw one in with your regular purchase and see what happens.

[smurf]

It says they will refund first money pack does that mean we can lead with 500 and get reimbursed and if their a link

but can we make 500 dollars anx again do you have a link

I think they only reimburse the cost of buying the moneypack, not the entire value CMIIW

[yitzf]

I think they only reimburse the cost of buying the moneypack, not the entire value CMIIW

yeh, up to $4.95 which is the most is costs for a moneypak

[yitzf]

This is correct according to the terms but some cahiers are not aware of it. It is trial and error. Whenever you are at a store throw one in with your regular purchase and see what happens.

for those with 5% cash back at pharmacies...
(4.95 for a $500 pak = <.05/mile

[HelpMe]

for those with 5% cash back at pharmacies...
(4.95 for a $500 pak = <.05/mile

I like the way you think. How about Amex 6%?

[bubbles]

for those with 5% cash back at pharmacies...
(4.95 for a $500 pak = <.05/mile

how do you plan on withdrawing the money? It's only $200 per week plus after the first one per month its $2 plus whatever the atm charges.

[yitzf]

I like the way you think. How about Amex 6%?

They sell them at supermarkets?

[yitzf]

how do you plan on withdrawing the money? It's only $200 per week plus after the first one per month its $2 plus whatever the atm charges.

Ok, but you can get 4.5% cash back on all your purchases, everywhere

[yitzf]

Is this a way to get back into Amex?

They pulled all my cards a while back and now always request my tax returns...

see end of Faq's:
Your American Express® Prepaid Card can help you build a history with American Express through Make Your Move. All you need to do is load and use your Prepaid Card regularly and you may be invited to apply for an American Express Charge Card.

[bubbles]

Ok, but you can get 4.5% cash back on all your purchases, everywhere

so why is this different than $500 amex/visa gift cards?

[yitzf]

so why is this different than $500 amex/visa gift cards?

your right

[HelpMe]

They sell them at supermarkets?

"Also at Safeway are Greendot MoneyPaks which you use to load prepaid cards with cash. Greendot MoneyPaks are a convenient way to transfer money onto a prepaid cards. They are widely available at grocery stores, discount stores, and convenience stores nationwide."

[HelpMe]

so why is this different than $500 amex/visa gift cards?

The Amex comes with a PIN. There might be others way to drain it.