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They charge you the other following fees:. This is a great way of manufacturing a little bit of credit card spend to help meet minimum spend requirements. Big thanks goes out to reader R. This is hard coded into the registers and as such there is no way to get around it. We also recommend that you set your cash advance limits to low or zero to avoid this problem. Does this still work? This link says no. Can you still load the amex CE with credit cards? I ran some calculations based on my potential with this card.
Look carefully at spending amounts, as it determines number of reloads and ATM withdrawals altering amount in potential fees paid. Hope this can help some folks:. I agree with the advice about being patient with the cashiers. I do have one question. Do you have a link that lists this restriction? The cards function much like a debit card but are not linked to a checking account. An increasing number of banks and financial service providers, such as American Express, are marketing prepaid cards -- rather than the credit cards of yesteryear -- on campus to move around regulatory restrictions.
The CARD Act limited the marketing of credit cards on campus and restricted lending to customers younger than Other regulations have made checking-account debit cards less profitable for the biggest banks, which has sent them on the search for fresh ways to make money. But buying one of these cards at a bookstore could be a rip-off even though getting it online is sweet deal. The better option is to order a personalized card online, which is free. One can add money to it in person at the bookstore with a MoneyPak again, watch the fees or for free with an online bank transfer.
While AmEx has tried to get in front of the stampede of prepaid cards rushing to college campuses, students might want to check out other options carefully.
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