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Teenagers and American Express. Not two words you typically expect to go together. Until now. The new reloadable pre-paid debit card from American Express, called PASS, is available in bright colors, with the potential to upload a photo onto the card, and is targeted at teens and young adults.

But American Express does not call PASS a debit card — and it really isn’t. This card has several advantages over many prepaid debit cards, which we’ll explore later in the article. Instead, the PASS card is more like a hybrid between a prepaid debit card and an American Express charge card.

It’s a brilliant marketing move on the part of Amex — to begin building brand loyalty at a young age. I’d recommend this card over a prepaid debit card for teenagers at college or even people vacationing. The only downside? The $3.95/month service fee (waived until October 2010) and $1.50 ATM fee.

How this card works: Load it and go. Really. It’s that simple with the American Express PASS card. Sign online, choose your card color, upload a pic if you want, enter an initial load amount between $25 and $2,500, and you’ll receive your card in the mail. You’ll even get

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Tags: American Express, Express

It looks like consumers are able to take advantage of some new credit card offers, especially if they plan on traveling by air soon. According to a new report from The Detroit News, airline credit cards are offering great new perks to lure in customers. Some of the perks includewaiving the fee fliers now have to pay to bring bags along on their trips.

Many airlines have started charging for bags so credit card issuers like Chase and American Express, which offer Continental airlines perks and Delta Skymiles, respectively,are cutting this cost for cardholders. The hope is thatcustomers will nab the cards in order to save on their flights. (Detroit News)

Tags: Airline Credit, Offer

Balance transfer deals haven’t dried up, but they have become harder to get. The Iberia Bank Visa Select credit card requires excellent credit, but if you qualify for this balance transfer credit card, you’re in for a great deal.

The introductory interest rate is 1.99% (yes, higher than those 0% introductory rate offers), but the post-promotional interest rate is only 7.5%! Check out our review of the Iberia Bank Visa Select credit card and if you have this credit card, or you’ve applied for it, leave your own review.

Tags: Balance, Credit Card, Select Credit, Select Credit Card

We all know by now – after feeling the negative impact of the recession, the credit crunch, and the high rates of unemployment – that it pays to be smart about how we use credit and manage our levels of debt. Right before the worst of the global recession and credit crisis hit, for example, the average American consumer was carrying such a large burden of debt that he or she was actually earning less each month that was being spent.

You cannot continue to balance your finances if you are spending more than a dollar for every dollar you bring home from work, but that is exactly what millions of Americans were doing. That’s why the average USA saving rate – which calculates how much money the typical household saves versus how much they spend – was in negative territory when the credit crisis hit. That was the first time it had been in negative territory since the Great Depression, and many economists now blame that lack of saving and obsession with living off of borrowed money for helping to usher in the hard economic times we are all now trying to weather.

But understanding a little bit about the history of economics or the national recession might not make it any easier to manage your credit cards and monthly budget, so here are a few tips that may help.

For starters, if you are accustomed to carrying a balance on your credit card then this year would be a good time to update your strategies for doing that. It used to b

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Tags: Credit, Credit Card

I’ve heard many people say that money is one of the leading causes of divorce. It’s probably not the lack of money or the abundance of money that causes couples to split, but how two people manage their money and that includes credit cards.

CardRatings.com has a list of 5 Credit Card Mistakes That Can Cause Divorce. You’ll find that even your pre-marital credit card mistakes can doom your marriage before it even begins. Reading this list may keep you out of divorce court.

What do you think? Can credit cards tear two people apart?