Many prepaid cards are known for charging fees at every turn — fees to activate the card, fees to make a purchase, even fees to call customer service. But American Express is coming out with a reloadable prepaid card on Tuesday that appears to right many Shell Malaysia recently introduced the Shell easiGO American Express Prepaid Card issued by Maybank. The reloadable card offers holders full flexibility and control of their spending, as they determine the amount they load and use on the card. Cardholders NEW YORK -- American Express is rolling out its first prepaid card aimed at the general market on Tuesday as it moves to stake a claim in the growing industry. The announcement marks a notable departure for the company, which is known for catering to a Wal-Mart Stores is taking another leap into the banking world, announcing on Monday a prepaid card and debit account with American Express that will give low-income consumers access to features like smartphone deposits. It is a surprising alliance between American Express' Bluebird prepaid card is flying high. Launched last year, Bluebird with direct deposit took the No. 1 spot in Consumer Reports’ first ever ranking of the country's best - and worst - prepaid cards. Also making the top five in a list of American Express announced Tuesday that its prepaid debit cards will now be backed by the Federal Deposit Insurance Corp., the latest indication that a market once shunned by established financial institutions is gaining ground. The use of reloadable .
The Wal-Mart (NYSE: WMT ) and American Express (NYSE: AXP ) prepaid Bluebird card can now boast that it's FDIC-insured. While the $250,000 coverage may make some users more at ease, other benefits that come with being FDIC-insured could attract a swath of In what seems to be a further attempt to reach out to underbanked Americans, American Express is very excited about the launch of the new Prepaid Card, which has no monthly, recurring or maintenance fees. The underbanked population is a $200 billion market Prepaid cards have entered the mainstream, many providing convenience and functionality that come close to that of checking accounts. Consumer Reports has rated 26 prepaid in four categories: value, convenience, safety and fee accessibility, and clarity. American Express, which is trying to expand beyond the affluent customers it normally lends to, is testing the sale of prepaid cards in some Wal-Mart stores. The New York-based lender is marketing the reloadable cards, which can be used wherever American .
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