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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 (welcome offers/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 offers 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.

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Traveling Well For Less has partnered with CardRatings for our coverage of credit card products. Traveling Well For Less and CardRatings may receive a commission from card issuers.


Chase Sapphire Preferred® Card

The Chase Sapphire Preferred is the best card for beginning travel hackers. It is the first card you should get to start traveling for free because the welcome offer is 60,000 points after spending $4,000 in the first three months.  
My favorite perks about this card are earning 5X points on travel when booked through the Chase portal (2X if direct purchase), 3X points on dining , $50 yearly credit on hotels booked through the Chase portal, no foreign transaction fees, and transferring points to 13 airline and hotel partners like Hyatt, United, and Southwest.
 

Chase Freedom Unlimited®

The Chase Freedom Unlimited is one of my favorite cards for earning cash back card and travel rewards. It offers a welcome offer of 3% cash back = an extra 1.5% cash back on up to $20,000 in purchases your first year.
 
My favorite perks about this card are earning 6.5% cash back on travel booked through the Chase Travel Portal , 4.5% cash back at drugstores and restaurants, unlimited 1.5% cash back on all purchases and no annual fee. When paired with cards like the Chase Sapphire Reserve® Card, you can use your points to travel for free.
 

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Ariel

Thursday 31st of January 2013

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

Thursday 31st of January 2013

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. :)

Scott

Thursday 24th of January 2013

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

Traveling Well For Less

Thursday 24th of January 2013

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.

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