Comparing American Express Prepaid Cards

American Express Prepaid Cards

Prepaid cards are becoming more popular.  But the world of prepaid cards can be daunting especially when you’re comparing American Express Prepaid Cards.

How do you choose? Which one is better for you?

Miles and points junkies have been raking in frequent flyer miles and points through credit cards (signup bonuses and purchases) ever since credit card companies started affiliating with the airlines.  Now, the rapidly growing trend among the miles and points community is a focus on prepaid cards.

Why prepaid cards?  Once you know all the in’s and out’s, combined with large credit card signup bonuses you can leverage more miles and points.  But the trick is knowing which prepaid cards to get.

There are several prepaid cards on the market, in this five part series I’m covering American Express prepaid cards.

Part 1 of this series will cover Comparing American Express Prepaid Cards.
Part 2 of this series will cover the American Express Prepaid Card – Part One
Part 3 of this series will cover the American Express Prepaid Card – Part Two
Part 4 of this series will cover the American Express Bluebird Card
Part 5 of this series will cover the American Express for Target Card

If you’re already playing the prepaid card game you’re probably thinking, “Yeah, but what are you going to tell me that I don’t already know or hasn’t already been talked about by every other miles and points blogger, especially FrequentMiler and MillionMileSecrets?

Probably not much, maybe a little gem here or there, but then you, the miles and points junkie whose already using prepaid cards, is not for whom I’ve written this post.  So sit back, relax and just enjoy the post/s.  And feel free to comment as I’m totally ok with comments, good or bad.  Naturally I prefer good…

American Express offers three Prepaid Cards: American Express Prepaid, American Express Bluebird, and the American Express for Target Card.

While each offer the same purchase protections as afforded by an American Express credit card, there are subtle nuances to each card as you can see from the chart below.

 

American Express Card Comparison

In Part 2 I’ll discuss the American Express Prepaid card and go into depth about each of the features and fees.  I’ll also provide examples on the best way to leverage usage out of the card.

Did you like this post? Don’t want to miss any posts? You can Follow me on Twitter or Like me on Facebook. Simply sign up via the subscription links below. If you’d rather receive post updates by email, please use the box below.

, , , , ,

14 Responses to Comparing American Express Prepaid Cards

  1. Cassie January 23, 2013 at 11:47 am #

    Excited to read more about the Bluebird card, we just got one and were planning to experiment with the points reloads but haven’t done anything yet.

    BTW, I finally got the North County Brew Tour post up, check it out and thanks for a great day!

    • Traveling Well For Less January 24, 2013 at 5:51 am #

      Glad you and Kevin finally got onboard with Bluebird. :)

      I’ll check out the Brew Tour post – I still need to post mine…

      I think I need to slow down on traveling so I can finish up a zillion draft posts…

  2. Travel Bug January 24, 2013 at 2:22 am #

    I’ve been ignoring all the prepaid card hype even though I need to work on my minimum spends. Here’s the one thing I want to know: can I manufacture spend using prepaid cards and avoid fees? I’ve gleaned that the answer is no. My goal is to spend less money, not more, so I’m ignoring the prepaids.

    • Traveling Well For Less January 24, 2013 at 5:53 am #

      Hi Travel Bug,

      No you can’t use prepaid cards and avoid fees on a regular basis. There are times, however, that “fee free” promotions are offered.

  3. Jessica January 24, 2013 at 9:21 am #

    I really like this chart but I wish you could update it to include which prepaid cards accepts the regular vanilla visa gift cards or giftcardmall gift cards as deposits. I don’t have access to vanilla reloads and I like to buy plain ol visa gift cards at OD. Looking for ways to liquidate besides AP and serve.

    • Traveling Well For Less January 24, 2013 at 12:21 pm #

      Hi Jessica,

      Unfortunately none of the American Express prepaid cards accept vanilla visa gift cards as deposits.

      But you could use them to fund your American Express for Target card.

  4. Scott January 24, 2013 at 11:00 am #

    Nice post! Could you add the Wells Fargo PPC on to the spreadsheet as well?

    • Traveling Well For Less January 24, 2013 at 12:23 pm #

      Hi Scott,

      Thanks. I’m going to post a separate series on the other prepaid cards. I’ll be sure to include Wells Fargo PPC on that spreadsheet when I compare it to the other Visa prepaid cards.

  5. Ariel January 31, 2013 at 6:59 pm #

    Great post!

    Are you still planning on doing the comparison?

    I just received an AMEX Prepaid, and have been looking forward to the follow-up articles.

    • Traveling Well For Less January 31, 2013 at 9:11 pm #

      Hi Ariel,

      Yep, I sure am. Work got the best of my this week so it’s a little delayed. It should be up sometime this weekend, Monday at the latest.

      Thanks for reading. :)

Trackbacks/Pingbacks

  1. American Express Prepaid Card - Part Two - Traveling Well For Less | Traveling Well For Less - February 4, 2013

    [...] 1 of this series – Comparing American Express Prepaid Cards. Part 2 of this series – the American Express Prepaid Card – Part One Part 3 of this [...]

  2. American Express Prepaid - Traveling Well For Less | Traveling Well For Less - February 4, 2013

    [...] 1 of this series – Comparing American Express Prepaid Cards. Part 2 of this series – the American Express Prepaid Card – Part One Part 3 of this [...]

  3. Is American Express Prepaid Card Good? | Credit Owl - July 7, 2014

    […] […]

Leave a Reply