Amex Prepaid. Same as gift cards, only easier...

All about maximizing your rewards!
Members share tips and tricks for getting the most miles, & points.
44 posts
cashback
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Posts: 793
Joined: Mon Oct 22, 2012 7:11 pm
Location: NY

Postby cashback » Sun Feb 03, 2013 2:46 pm

In that case... I'd recommend getting the Citi Dividend and spending 6K on VR's at CVS. You have till the end of March...

I'm going to see if I can get the VR's on CC at my local Walgreens/Rite Aid. If I can I'll be applying for the Citi TYP and BB!
Credit Cards
Amex BCE 25K ---- PenFed Platinum Rewards 15.5K --- US Bank Cash+ 12K --- Discover IT 6K --- Citi Dividend 5K --- Chase Freedom 12.5K --- Amex SPG 6K --- Citi Thank You Preferred 15K

Not Used
Citi Simplicity - 5K, Sam's Club Discover - 10K

Future Cards
Sallie Mae World Mastercard

FICOs
Exp 772 - TU 781 - Equ 781


RewardHop
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Location: USA

Postby RewardHop » Sun Feb 03, 2013 7:56 pm

cashback wrote:Make sure you read the article Gamma linked above... Paypal doesn't like depositing money and immediately withdrawing it...


Thanks for the tip! I use Paypal to pay for stuff at least once a month so I'll use a few dollars and wait 2 months before withdrawing it then.

The Paypal Cash card seems to be slightly different from the MoneyPak thing Gamma mentioned.
Its this: https://www.paypal-cash.com/
Paypal Cash has a $500 daily load limit though and a $4000 monthly limit.

I forgot to mention, Paypal Cash has a flat $3.95 purchase fee.
[size=60]
Amex BCE: 3% grocery, 2% gas
Bank of America Better Balance Rewards MC: $25/quarter bonus
Barclaycard Rewards Visa Signature: 2% gas, groceries, utilities
Capital One Quicksilver Visa Signature: 1.5% everything
Chase Freedom Visa Signature: 5% rotating
Citi Forward Visa: 5% restaurants/fastfood, movie theaters, amazon.com
Discover It: 5% rotating
SallieMae MC: 5% Groceries, Gas, Amazon
US Bank Cash+ Visa Signature: 5% electronic stores, restaurants
Sock Drawered: Chase Sapphire, Chase Amazon[/size]

RewardHop
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Location: USA

Postby RewardHop » Mon Feb 18, 2013 9:24 pm

Just wanted to add I bought $1000 in Paypal cash, spent like $30 on a purchase and then withdrew the rest to my checking account a week later without any issues (no emails about not allowed etc).
[size=60]

Amex BCE: 3% grocery, 2% gas

Bank of America Better Balance Rewards MC: $25/quarter bonus

Barclaycard Rewards Visa Signature: 2% gas, groceries, utilities

Capital One Quicksilver Visa Signature: 1.5% everything

Chase Freedom Visa Signature: 5% rotating

Citi Forward Visa: 5% restaurants/fastfood, movie theaters, amazon.com

Discover It: 5% rotating

SallieMae MC: 5% Groceries, Gas, Amazon

US Bank Cash+ Visa Signature: 5% electronic stores, restaurants

Sock Drawered: Chase Sapphire, Chase Amazon[/size]

DavidNY
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Location: New York

Postby DavidNY » Mon Feb 18, 2013 9:53 pm

cashback wrote:I'd recommend getting the Citi Dividend and spending 6K on VR's at CVS


This will earn $300 (minus fees), which is less than many CC sign up bonuses. Still nice, but it's a 'sock drawer' card for the rest of the year.

DavidNY
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Location: New York

Postby DavidNY » Mon Feb 18, 2013 9:56 pm

RewardHop wrote:Just wanted to add I bought $1000 in Paypal cash, spent like $30 on a purchase and then withdrew the rest to my checking account a week later without any issues (no emails about not allowed etc).


Good to know, thanks for sharing.

swipe_masta
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Location: USA

Postby swipe_masta » Thu Feb 21, 2013 2:05 am

This essentially works with Amex's new checking alternative Bluebird. Only Bluebird works exactly or very closely like a checking account and probably has more features than the regular Amex prepaid card. Im looking more into the Bluebird accounts. So far, I can buy prepaid cards like greendot with my Blue Cash at my local grocery store. Apparently Amex has a partnership with Walmart for the Bluebird. Trying to see what the deal is with that (and how I could benefit lol).

RonJonson
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Location: MI

Postby RonJonson » Thu Feb 21, 2013 10:35 am

I prefer bluebird over the Amex prepaid since it has free bill pay so I can essentially use a rewards card for things like rent that normally yield no cash back.
Wells Fargo Platinum - $10,500 - 11/2004
Citi Forward - $5,000 - 10/2012
Chase Freedom - $3,900 - 10/2012
Capital One Quicksilver (Formerly Cash Rewards) - $6,000 - 12/2012
American Express Hilton Honors - $3,900 - 1/2013
Barclaycard Arrival World MasterCard - $5,000 - 11/2013

cashback
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Posts: 793
Joined: Mon Oct 22, 2012 7:11 pm
Location: NY

Postby cashback » Thu Feb 21, 2013 2:02 pm

Blue Bird is dead for me. I can't find anywhere that will accept credit to pay for reload cards. I'm stuck with $500 GC's for now...
Credit Cards
Amex BCE 25K ---- PenFed Platinum Rewards 15.5K --- US Bank Cash+ 12K --- Discover IT 6K --- Citi Dividend 5K --- Chase Freedom 12.5K --- Amex SPG 6K --- Citi Thank You Preferred 15K

Not Used
Citi Simplicity - 5K, Sam's Club Discover - 10K

Future Cards
Sallie Mae World Mastercard

FICOs
Exp 772 - TU 781 - Equ 781

Gamma
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Location: Los Angeles, CA

Postby Gamma » Mon Feb 25, 2013 12:41 am

cashback wrote:Blue Bird is dead for me. I can't find anywhere that will accept credit to pay for reload cards. I'm stuck with $500 GC's for now...

That sucks you weren't able to find a place to buy with credit. Have you tried going to a place where they have a self check out?

Also, I wanted to let everyone know that once you buy a VR card and used it up to load funds, THROW IT AWAY! I was afraid with people complaining about buying VR cards with a 8 digit pin, that I would end up getting one. I went to a CVS the other day and tried to reload the VR card I had purchased 2 weeks prior at a self check out, and when the purchase was done, the screen popped up saying "Error activating card, please see associate for refund" The receipt printed out with the charge going through my card, but didn't fund my VR card. I went online on my mobile to see if I could fund my BB, but message popped up saying "Funds already loaded." It was a pain getting my refund seeing as my card was already activated when I first purchased it, but wasn't funded. Took me about 2 hours to get my refund because the shift supervisor had to call the store manager to approve my refund. I ended up leaving the store purchasing a new VR though. I scratched off the number before making the purchase to see if the 10 digit pin was there with the store associates permission.
Stupid VR website FAQ reload section got me confused with being able to "reload" my already purchased VR Network card!

LadyinRed
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Location: Los Angeles, CA

Postby LadyinRed » Fri Mar 01, 2013 9:20 pm

Warning: Don't ever try to ACH out of Bluebird. I saw that on the direct deposit page that it has the Routing Number and Account Number, so I thought I could use that to link my bills - through ACH withdrawals - instead of sending them a check through Bluebird (which always seemed a bit sketchy to me). Anyway I linked up my Insurance payment with my Bluebird account as my "bank." It appeared to have worked! I made the payment and the next day got a confirmation that my payment went though. However, it still hadn't come out of Bluebird. Weird. So about 4-5 days later it still hadn't come out of my Bluebird account and my insurance company sent me an email saying that the payment was refused. And then they slapped on a $45 late fee, because the payment was now past due.

I'm really not liking Bluebird - it's a very limited checking account and I don't see the point of it. I'm also not liking how hard it is to find a place that will let me buy a VR with a CC. I'm happy that I only have drugstores on my Freedom card for another month. This is way too stressful.
AMEX: Blue Cash Preferred (6% on groceries, 3% gas & dept stores)
Capital One: Venture (2 points per $1, equivalent to 2%)
Chase: Freedom (rotating 5% categories), Disney Rewards (1 point per $1, Disney benefits)
US Bank: Cash+ (5% bookstores / 5% Electronic Stores)



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