Ever wanted an AmEx card but got denied?! Well now everyone can now proudly own an American Express card. American Express is launching a reloadable prepaid debit card with no activation, maintenance and other fees normally associated with prepaid bank cards, said Dan Schulman, group president of American Express’ Enterprise Growth Group.
You can order the reloadable card online at no cost, and there are no hidden fees lurking in the fine print. And even more impressively, you can use the card overseas and you won’t be charged any of the pesky foreign exchange that most American Express credit and charge cards usually hit you with.
“The prepaid market is synonymous with fees,” said Dan Schulman, president of the company’s enterprise growth group. “If we were going to enter the market, we wanted to be a consumer champion.”
Starting today, you can order the card online at no cost and load money onto the card through a checking account (but not through a ). You can also reload the card online at no cost, as well as set up recurring transactions so that your funds are replenished every week or month, for example.
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