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

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cashback
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Location: NY

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

Postby cashback » Sun Jan 27, 2013 11:21 pm

For anyone currently using the $500 gift card method like I am, this may be an easier alternative. It's the same cash back, but it's only one card so it's easier to keep track of.

Here is the card. All you have to do is buy $500 reload packs and load it onto the prepaid Amex. You can buy $500 MoneyPaks or $500 Vanilla Reload packs.

They sell the reload packs at many retailers that get 5% cash back. Ones that caught my eye were:

Office Depot (Chase Ink)
Gas Stations (Any gas card)
Drug Stores (Dividend, Freedom, etc)
Radio Shack (Cash+)

Im not sure if inside sales at gas stations get the 5% back. Any confirmation on this would help out, but the other ones I'm pretty positive would work, just like $500 gift cards currently do.

Just thought I'd put this idea out there. Seems like this would be easier than managing 2-6 new gift cards every month.
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


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

Postby cashback » Mon Jan 28, 2013 12:05 am

Doing some reading online and some people are saying the Vanilla Reload packs work with Amex Blue Bird as well. This could be really cool. Anyone on here have Blue Bird yet?
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

RonJonson
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Location: MI

Postby RonJonson » Mon Jan 28, 2013 5:53 am

I have purchased two Vanilla Reload cards at CVS with my freedom card so far. I have them loaded on a Bluebird card which has already been used at several retail locations and used to send a bill pay payment for my car insurance. So far so good. It took about a week to get the card from bluebird.

I also have a regular American Express prepaid which I would rather use since it can be tracked via Mint but it does not offer the bill pay feature from what I can see.
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


Fartanywherecard
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Location: NYC

Postby Fartanywherecard » Mon Jan 28, 2013 8:56 am

I have this card but I really don't understand the benefits you are referring to. My card is linked to my bank account. I wasn't aware of any cash back or other benefits from loading this card. Is it based on the type of reload packs you purchase?

FutureBillionaire
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Location: Down South

Postby FutureBillionaire » Mon Jan 28, 2013 9:14 am

The Discover card works inside gas stations. The Penfed cards do not. I'm not sure if it will work with Citi.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

DeliXX
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Location: US

Postby DeliXX » Mon Jan 28, 2013 11:54 am

So, the benefit would be that you get the 5% off when you are buying a $500 reload with Vanilla Reload Network(+$3.95) fee or MoneyPak(+$4.95 fee)? When you are using a credit card that gives you the 5% cash-back at the store you are purchasing this?

Has anyone tried this yet? does it work?

DeliXX
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Location: US

Postby DeliXX » Mon Jan 28, 2013 12:10 pm

do they even accept credit cards as a method of payment for these reloads? or just cash, debit, or checks?


LadyinRed
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Joined: Mon Jul 23, 2012 8:14 pm
Location: Los Angeles, CA

Postby LadyinRed » Mon Jan 28, 2013 12:49 pm

I've had a heck of a time trying to find stores that accept credit cards as payment for the Vanilla Reloads. It appears to me that they are supposed to only accept cash or debit, but if the cashier doesn't know then he/she will ring you up with a card.

The Walgreens systems flash on the screen "credit card only" so the clerks can't swipe it. I went to about 4 CVSs in my area before I found a clerk that didn't tell me outright that they didn't accept cards for them. Most of them were educated about the VRs and told me cash or debit before they rung me up. I had read somewhere to try the self check outs at CVS, but when I did that, it basically just flashed and said I needed an override to buy prepaid cards at self check out.

This was kind of a huge pain and I don't plan on trying to do this again in the future.

I do have the Bluebird Card, which I think is great, though.
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)

FutureBillionaire
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Posts: 1589
Joined: Sun Jun 19, 2011 2:37 pm
Location: Down South

Postby FutureBillionaire » Mon Jan 28, 2013 1:14 pm

This sounds like a pretty big pain. It seems like department stores and grocery stores are the best places to get the gift cards.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

RonJonson
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Posts: 37
Joined: Mon Jan 21, 2013 6:03 pm
Location: MI

Postby RonJonson » Mon Jan 28, 2013 1:19 pm

Both purchases of mine had the teller confused on what it even was since no one else has purchased them before from what I understood. The second time I made a purchase I was asked what it was for and I told her to load a prepaid so I can use it for bill pay and she thought that sounded like a good idea. I do have the benefit of living in a very small area just big enough to have a CVS built about 1.5 years ago so they haven't been bombarded with buyers wielding Freedom or AE Hilton Honors card buying them all out.
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



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