American Express PASS Card Advantages



 


Teens have access to an American Express Card without worrying about debt and credit scores. The PASS card is a reloadable, prepaid card that allows parents to load money on the card in many ways. The card can then be used virtually anywhere.

Load the PASS Card in Many Ways

The PASS card is convenient because it allows parents a variety of methods to load money on the card. This way teens always have the cash they need for everything they wish to purchase.

Funds can be added from an American Express card. The transfer can be made online. This is an instant way to add funds anytime a parent desires. It can be a one-time transfer or it can be an automatic reload set up in the system.

Online, it's possible to transfer money from a bank account. Checking or savings accounts can fund the card. Account details will be added and the amount of money to be transferred will be set. The money will then appear on the prepaid card within a few days.

Cash can also be loaded onto the card. MoneyPaks are available for purchase at over 50,000 locations. The denomination can be chosen from various amounts, going all the way up to $500. Once the MoneyPak is purchased, the amount can be transferred onto the reloadable card via phone or online.

The reloads can be planned automatically so teens don't have to ask for money – they will know when to expect the reload each month.

Teach Financial Responsibility

Teens can enjoy using the American Express card anywhere that it's accepted around the globe. Locally, it can be used for gas, movie theatres or at various other merchants. Online, it can be used for concert tickets or millions of other items. It can also be used at ATM machines to pull out cash when using a credit card isn't an option.

Having a credit card is important to one's finances. However, teens haven't learned financial responsibility yet. This prepaid card allows them to enjoy the perks of a credit card without any of the negatives. No payments need to be made, no overdraft fees can be incurred and no interest is charged to the account.

There is no risk of going into debt with the card. Teens are only allowed to spend what's loaded onto the card. No damage to their credit can be made. As a teen learns responsibility and smart spending habits, he or she will be better prepared to apply for a real American Express when the time comes.

Various Features Provided with the Card

Part of choosing the PASS card is about the features that come with it. This isn't just any prepaid card. It has features that teens and parents both will benefit from. These include:

  • Color choices
  • Online account management
  • Text messages
  • Fraud protection

The card is available in four different colors. Teens can choose from magenta, orange, blue and green. Personalization is important and each teen in the house can choose from a different color.

Online account management is available for parents and teens. Balance inquiries can be made and past spending histories can be viewed. This makes it easy for anyone to find out what the card has been used for and determine whether spending has been done responsibly or not. A username and password will be created to protect information.

It's possible to receive text messages about funds and balances. On a daily or weekly basis, a text message will be sent to the cell phone of choice to disclose details about the card. This ensures that the teen is spending responsibly and not overspending. It can also tell parents when it's time to reload the card with additional funds.

Cash isn't safe to carry around but this prepaid card is. If the card is lost or stolen, it can be replaced, unlike cash. If a charge shows up that wasn't authorized, the teen won't be held responsible. American Express will replenish the amount on the card, which is more than what would happen if cash was suddenly stolen.

Conclusion

Every teen needs to be able to spend money, but responsibly. The PASS Card from American Express provides a convenient way to have money loaded on the card and spend the money without going into debt. The card can be applied for online and managed online, too.






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