|American Express Teams with Barnes & Noble College |
|To Launch Campus Edition Prepaid Card |
|NEW YORK, NY (May 9, 2012) American Express (NYSE:AXP) has launched the American Express Campus Edition Prepaid Card, a reloadable prepaid Card available in more than 500 Barnes & Noble college bookstores across the United States. Campus Edition Prepaid Card will provide college students with a spending and budgeting tool that can be used anywhere American Express Cards are accepted. |
"We're excited to partner with Barnes & Noble College Campus Bookstores to provide college students with an everyday spending card," said Laura Kelly, SVP and GM of the Americas, Global Payment Options, American Express. "American Express Campus Edition Prepaid Card is a great solution for college students looking for a way to budget and spend wisely, plus it comes with some of the same benefits synonymous with American Express."
The temporary one-time load Card is available for purchase for $4.95 in more than 500 Barnes & Noble college bookstores nationwide and can be funded with multiple loading options at the register with any dollar amount from $25 to $500.
Alternatively, customers can order the permanent, personalized Card online for free at americanexpress.com/campusedition. If a customer purchases a temporary Card and wants to get the full benefits of the American Express Campus Edition Card, the customer must order their permanent, personalized Card at americanexpress.com/campusedition. Once the personalized Card is activated, the funds from the temporary Card will be transferred to the personalized Card.
Once Cardmembers receive their personalized Card, funds can be loaded online through a bank account, such as a savings or checking account, and through cash loading via MoneyPak or at the register at participating Barnes & Noble Campus Bookstores. The ability to load via direct deposit will be available soon. The personalized card comes with ATM access and there is no fee from American Express for the first monthly ATM cash withdrawal, after which a $2.00 fee applies per withdrawal (bank network charges also apply to any ATM cash withdrawal).
There are no fees for monthly maintenance, activation, balance inquiries, alerts, Card replacement, foreign currency conversion or loading via bank account.
The temporary card can be used anywhere in the United States where American Express Cards are accepted and the personalized card can be used anywhere around the world where American Express is accepted. The funds on the temporary and personalized card do not expire, and if lost or stolen, the funds can be replaced. A customer must be 18 years of age or older to obtain the temporary or personalized prepaid Card. American Express does not market charge or credit cards to students.
Source: American Express; Barnes & Noble
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