What are your thoughts on their prepaid card?

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
2 posts
MontegoMack
 
Posts: 1
Joined: Sun Jan 22, 2012 1:21 pm
Location: CT burbs

What are your thoughts on their prepaid card?

Postby MontegoMack » Sun Jan 22, 2012 1:56 pm

Just wanted to know what people thought about their relatively new product, the AmEx prepaid card.

Apparently, if you use it for 6 months, you may get in their good graces and they may offer you an invitation to apply for one of their charge cards.

I'm repairing my credit and while the prepaid doesn't report, it will build history with AmEx that could be to my advantage later.

Yes, I want an AmEx. I want to have a card to charge monthly incidentals on and pay it all off all at once. I'm in a much better financial situation (and much more responsible) than my credit report reflects. And yes, I'm shallow enough to want one for the status of it too.


ooxs
Centurion Member
Centurion Member
 
Posts: 304
Joined: Sat Aug 13, 2011 9:38 am
Location: Michigan

Postby ooxs » Sun Jan 22, 2012 10:26 pm

You need to apply for a Household bank card, capital one or Orchard bank. This account will be reported in your credit report unlike the pre-paid card. Amex is only going to target you if your credit profile meet what they are looking for and not your pre-paid card usage.

If you really want an an American Express card, this is a good start



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