hese days, a lot more financially savvy people are beginning to use prepaid debit and credit cards as a way of making purchases and paying bills as opposed to writing checks, paying with cash, or even using traditional bank or credit cards. There are many benefits to using a prepaid card over any other method of payment. However, with so many different prepaid cards on the market these days, it can be difficult to know which one is the best to go with. However, for those who take the time to do their research, they will find that the best choice is the American Express prepaid card.
One of the most attractive features of the American Express prepaid card is the fact that, unlike a lot of other prepaid options that there out there these days, it does not have any recurring fees. This means that users will not have to pay any kind of monthly fees just to be able to keep the card active. In addition, there are no transaction fees, no customer service fees, and no overdraft fees to worry about. This is because of the fact that users can only spend whatever amount of money they put on the card, which also means that it is easier to stay within a reasonable budget goal!
Another benefit of this card is that its users are allowed to have one free ATM withdrawal per month. This is a service that a lot of traditional bank cards do not even offer! And for any ATM withdrawal after that, the price is still just $2.00 each, which is less than what most other banks charge.
So how, exactly, does this card work? Well, once the user receives the card, all he or she needs to do is to add money to it. This can be done online, over the phone, through a direct deposit account, cash, or by transferring from another bank account. There are many options for loading money on to the card. From there, it is available to use anywhere American Express is accepted. It can also be used to withdraw money from ATMs.
In addition, card users have access to an online account that allows them to keep up to date on their account balance, set up alerts, and view past or pending transactions as a way of keeping track of their account and seeing where they have been spending their money. And their online account is secure through the use of a password and security questions as well.
So for those who are looking for a reliable alternative to pay their bills or stick to a budget, the American Express prepaid card is a great choice.
