Awhile back we discussed Prepaid cards and why they’re a such bad deal for consumers. Look like American Express want to change that perception for PrePaid cards. Granted they’re doing it to increase the usage of American Express cards which they profit by the swipe network for retailers, the card is still a great deal for consumers who do not have access to regular credit cards.
The new American Express Prepaid cards have:
Basically, the card is totally fee free and in addition provides the user with the following benefits:
This is the best deal on the prepaid card front and can even be used by parents to teach their children responsible credit habits. You can sign up at the link below or read more on the NY Times website.
This site is a collection of news, deals, and advices that will help you save money and make the most out of the assets you already have. If you have questions regarding money or simply wanted to find out what a TIPS is (Treasury Inflation Proof Securities :), feel free to drop us a line.