Feb 14, 2015, 12:30 am
Last edit by: XP1
Load limits:
$1000 every rolling 30 days
$6000 every rolling 12 months
Withdraw limits:
1 free withdrawal per calendar month
$1000 every rolling 30 days
$6000 every rolling 12 months
Withdraw limits:
1 free withdrawal per calendar month
AmEx Prepaid Campus Edition
Dec 21, 2012, 7:27 pm
#1
Original Poster
Join Date: Mar 2012
Location: NYC
Programs: DL Platinum, SPG Gold, Marriott Gold, Hilton Gold
Posts: 110
AmEx Prepaid Campus Edition
I did a few searches but could not find a thread dedicated to this card.
Frequent Miler posted about it in October and I was wondering if anyone had any experiences with the AmEx prepaid campus card. Two questions in particular
1. Has anyone reloaded the card with AmEx credit cards or would this be not advised due to increased risk of Financial Review
2. More generally, what ATMs/ATM networks are recommended for pulling money of prepaid cards with minimal fees?
Frequent Miler posted about it in October and I was wondering if anyone had any experiences with the AmEx prepaid campus card. Two questions in particular
1. Has anyone reloaded the card with AmEx credit cards or would this be not advised due to increased risk of Financial Review
2. More generally, what ATMs/ATM networks are recommended for pulling money of prepaid cards with minimal fees?
Dec 21, 2012, 8:57 pm
#2
Join Date: Aug 2012
Posts: 432
1. Haven't tried, and I wouldn't recommend using it with an AMEX because you can use the Citi Forward which earns 5x at bookstores.
2. Costco's ATMs charge $1.25, Bank of America charges $2. There are few surcharge free ATMs out there, and the ones that are surcharge free aren't usually in a wide area or network.
2. Costco's ATMs charge $1.25, Bank of America charges $2. There are few surcharge free ATMs out there, and the ones that are surcharge free aren't usually in a wide area or network.
Dec 21, 2012, 9:04 pm
#3
Join Date: Aug 2012
Location: BOS
Programs: Chase Ultimate Rewards
Posts: 624
I have the card, but I use a Chase card to reload it, so I cannot comment on using AmEx cards. BofA ATMs allow checking/savings customers to deposit cash directly into their accounts, so I'm able to withdraw cash from the prepaid card and deposit it straight into my checking account. The card has some key limitations: one free ATM withdrawal/month, $500 load at a time, $1,000 limit, $400 withdrawal limit.
Dec 22, 2012, 8:24 am
#4
Original Poster
Join Date: Mar 2012
Location: NYC
Programs: DL Platinum, SPG Gold, Marriott Gold, Hilton Gold
Posts: 110
I have the card, but I use a Chase card to reload it, so I cannot comment on using AmEx cards. BofA ATMs allow checking/savings customers to deposit cash directly into their accounts, so I'm able to withdraw cash from the prepaid card and deposit it straight into my checking account. The card has some key limitations: one free ATM withdrawal/month, $500 load at a time, $1,000 limit, $400 withdrawal limit.
Dec 22, 2012, 8:26 am
#5
Original Poster
Join Date: Mar 2012
Location: NYC
Programs: DL Platinum, SPG Gold, Marriott Gold, Hilton Gold
Posts: 110
I'm just wondering if it would be "safe" to use AmEx, as I'm trying to meet some spend thresholds.
Dec 22, 2012, 1:45 pm
#6
Join Date: Aug 2012
Posts: 432
Yeah, that's all i'm saying. I'd rather earn 5x cash back over 1 or 2 miles. I think it would be safe to use AmEx as many people have used it on other prepaid products without any trouble. The only thing to worry about is a FR, but that could happen to anyone really.
Dec 28, 2012, 6:43 pm
#7
Join Date: Aug 2012
Location: BOS
Programs: Chase Ultimate Rewards
Posts: 624
Go to a BofA ATM and withdraw funds as you normally would. Then, insert your debit card and make a cash deposit using the cash you just withdrew from your Amex Campus Edition. BofA tellers cannot cash advance Amex cards, so don't bother.
Mar 5, 2013, 6:29 pm
#8
Join Date: Mar 2013
Posts: 3
How does the ATM know to link the transactions and not charge a fee on the withdrawal?
Mar 6, 2013, 8:49 am
#9
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,957
The one free ATM withdrawal means that American Express will not charge a fee for the first ATM transaction each month. It does not mean that the ATM operator will waive its fee.
Mar 6, 2013, 11:13 am
#10
Join Date: May 2011
Location: Ann Arbor
Programs: Delta GM, Hilton
Posts: 192
Now that the US Bank Cash+ offers 5% back on bookstores next quarter, its an easy $50 per month in cashback loading the amex campus edition. Of course, you will still pay $3 to load each time and then any atm fees, but you are still coming out ahead.
Mar 6, 2013, 5:18 pm
#11
Join Date: Mar 2013
Posts: 3
The OP asked about where to get cheap ATM withdrawal. The person implied there was a cheap way through BOA. Otherwise why would you use BOA instead of any other bank? I'm still looking for cheap ATM to withdraw.
Mar 7, 2013, 8:17 am
#13
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,957
The ability to immediately deposit the cash into your Bank of America account at the same ATM used to withdraw it from the prepaid card. I don't see anything suggesting that Bank of America will not charge for the withdrawal.
