Update: In addition to reader reports, I just received my own multiple $25 bonus gift cards as shown below. $25 bonus on loading $200 per card is back for month of August!

AMEX now has their own reloadable prepaid card, creatively named the American Express® Prepaid Card. Features:
- no credit check,
- no monthly fees,
- no upfront purchase fees,
- no inactivity fees,
- and no overdraft fees if you try to spend more than what is on the card
You can load the card for free via online bank transfer, and it ships fee via USPS 1st class mail. In fact, this card is likely better than most other prepaid cards on the market that are branded by Suze Orman, reality TV stars, or music moguls.
Right now, if you reach the 2nd page of the card application process (click on “Get your card now”) they will offer you a bonus $25 gift card for loading $200 onto the card, no promotional code required. (They may ask you to log in if you have an American Express account, or you can switch to Incognito/Private Browsing mode/clear cookies and they won’t ask you.) You should see this in the top right corner:
Offer is available to all, non-targeted. Expires 8/31/12. $50 or more must be loaded at the time of initial purchase. “Limit one $25 gift card per new Card user named on a Card.” You are allowed 3 prepaid cards per person, so that’s a potential bonus of $75 if you have 3 different names on each as these are designed to help manage spending for a family or household.



If you have a dormant FNBO Direct account, you may be interested to know that they are offering a promotional rate of 1.35% APY beginning July 1, 2012 on all the money above what your balance was on June 29th, 2012. (Only available to existing FNBO Direct customers as of June 29, 2012.) Even better, the rate is guaranteed until December 31, 2012, making it better than 6-month CDs from other banks. All rates above have expired and FNBO is now offering a standard rate of 0.85% APY.
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