American Express is offering a complimentary gift card of $25 after loading a $200 onto an existing or new AMEX Prepaid Card. Offer ends June 30, 2012. Both New and Existing card members are eligible.
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Spend like cash without any credit checks or fees (see the FAQ on AMEX website here). Even if you have had a AMEX Prepaid Card before i.e. before May 31, you are still eligible for the $25 gift card bonus if you reload your card with $200 or more – that’s a nice 12.5% return on your deposit.

AMEX Prepaid Card is an excellent way to manage your budget and put spending limits in place because unlike a credit card you can’t spend what you don’t have. This is also a fantastic way for you to use with your kids in college or even high school. You can simply transfer any amount that you want them to have directly to the card. And the best thing is that all of this can be done online.
I also like using the card for online purchases and knowing that if I were to fall victim to identity theft the thieves won’t have access to my entire line of credit. I could really see some people using this card almost exclusively for their online purchases and also when they go out of town on trips.
There are a few other really nice features as well. If your card gets lost or stolen you have purchase protection and your money will be reimbursed for up to 90 days. You also get roadside assistance and best of all there are NO fees!
The only thing to keep in mind is that the entire process of ordering the card, linking it to an account and transferring funds over to it can take between 1-2 business weeks so if you know that you’ll need the card for something like an upcoming trip or event don’t wait until the last minute. Start the process as soon as possible by going here.
Below are some of the benefits of using the American Express Prepaid card from their website.
No overspending, no overdraft fees
It’s prepaid, so you can only spend what’s preloaded on the Card. That means there’s no risk of overdraft fees or impacting your credit history.
Protection if the Card is lost or stolen
Feel safe knowing that if the Card is lost or stolen you won’t be responsible for fraudulent charges and American Express will replace the funds.
It’s easy to manage the Card online
With an online account, you can check your balance, view transaction history, add funds to the Card, set up automatic reloads and sign up for alerts.
Get up to three Cards
You can order up to three Cards, and give them to the people you want or keep it for yourself. This way you have the freedom to manage your own spending or use it to provide money to the other people in your life.
World-class 24-hour Customer Service
The AMEX Prepaid Card comes with world-class Customer Service. Simply call them anytime, 24 hours a day at 1-866-207-7970.
Purchase Protection
As mentioned above, If an eligible item purchased with the Card is accidentally damaged, or is stolen, Purchase Protection can reimburse you—up to 90 days from the date of purchase.
American Express Selects
As an AMEX Prepaid Cardmember, you have access to hundreds of discounts and special offers. Just log into your account to access American Express Selects.
Roadside Assistance
In the event of car trouble, you have access to Roadside Assistance. Just call them and they will provide help.
Bank Account
Simply enter your account information online to reload whenever you choose, but note, for your protection, it will take 3-5 business days to verify and load the funds.
Cash
You can also purchase a MoneyPak at a local retailer for up to $500—they’re available at over 50,000 locations—and then you can add the funds online or by phone.
Limited time offer: add cash to the American Express Prepaid Card with a MoneyPak and American Express will refund the purchase price of the first MoneyPak you use to load the American Express Prepaid Card. 7
The AMEX Prepaid Card has NO recurring fees. Unlike many other prepaid cards, you keep more of your money in your wallet—where it belongs.