Posted byon August 24, 2012
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Make sure you take advantage of it soon because just like the offer we saw only 2 months ago, the offer expires at the end of the month!
No Credit Check. There is no credit check for the American Express Prepaid card.
No Fees. No monthly or annual fees, no purchase fees, no credit check and no overdraft fees.
Offer Not Targeted. Some of the American Express Prepaid cards in the past were targeted offers. This offer is available to everyone.
After taking advantage of the last deal, here are some tips I learned:
Activate the Card. In order to qualify for the $25 bonus card, you must activate the prepaid card after you receive it. Last time, I just put the card in my to-do pile and didn’t get around to this step for quite awhile, delaying my $25 gift cards.
Cash Out at ATM. I didn’t have an immediate need for the prepaid cards, so I tested out the ability to cash out the card at our local fee-free ATM at the credit union. It worked like a charm, and we were able to cash out the full $200 value of the cards.
Multiple Cards. Each person is allowed 3 American Express Prepaid cards, but only 1 card in your name. You can buy them for other people (like 2 other family members). $25 x 3 may be possible, but it is unclear based on the the terms and conditions if all 3 cards will qualify for the bonus. Last time, I just signed up each family member with their own account and card to make sure we qualified.
If you took advantage of the June offer, check your email for another free $50 from the previous offer. Look for the email titled “Get a $50 Gift Card* and make life easier with direct deposit on your American Express Prepaid Card.” The targeted email offer says you’ll get a $50 American Express Gift Card after your first two direct deposits of at least $250 each. This offer just keeps going and going!