American Express recently launched their new prepaid card which is a safe and easy way to manage your spending. Here's how it works: First you add money online or by phone from your bank account or with cash, then you use the card spending only the money that you personally loaded onto the card as to not go over your budget, lastly you can reload the card as often as you wish.
The American Express prepaid card is perfect if you're on a weekly budget for groceries.. Just load the card every week with exactly what you're allowed to spend on groceries that way you can't go over your budget! It's also perfect for parents who are sending their kids off to college, or to give to your babysitter for ordering pizza, movies, and snacks for the kiddos.
Another great thing about the American Express prepaid card... No overdraft or recurring fees! There's no overdraft fees because you're only spending the amount that's on the card so there's no worry of accidentally going over budget and worrying about how you're going to pay the monthly bill or how it will affect your credit score. Also, there's no annual fees, monthly fees, customer service fees, and no transaction fees so you're not giving your money to American Express for them letting you own their card!
Now lets talk about the benefits that come along with owning an American Express prepaid card.. If your card is lost or stolen American Express will replace the funds! You will also receive 24 hour customer service, purchase protection ( 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), roadside assistance (In the event of car trouble, you have access to Roadside Assistance. Just call American Express!), as well as global assistance for if you're traveling more than 100 miles from home, and American Express selects which gives you access to hundreds of discounts and special offers.
I'm a horrible impulse buyer so the American Express prepaid card is perfect for me. My husband and I can discuss our weekly budget and only put the amount of money I can spend on the card.. That way once I've reached my limit for that week there will be no impulse buying happening.. No matter how great the deal may seem! :)
It's super easy to get an American Express prepaid card, just go on their website, click Get a Card, and within 5-7 business days you will have your card in your mailbox.. So what are you waiting for?? Take the first step to staying on a budget now and go order an American Express prepaid card!
Disclosure: I wrote this review while participating in a blog tour by Mom Central Consulting on behalf of American Express and received a promotional item to thank me for taking the time to participate.