The new prepaid Visa card from American Express is called MyVanilla. This new prepaid card from AMEX is ideal for travelers who would like to stay prepared at all times. When you are ready to purchase something that cannot be replaced, like a cell phone or a camera, you need not go into your credit card office to get any credit. You can pay right then with your MyVanilla prepaid Visa card.
With this release, American Express customers in the U.S. can now use prepaid Visa cards to pay for future purchases where credit is accepted only by means of the magnetic stripe on the card. Unlike traditional credit cards, a vanilla prepaid visa card can be used anywhere MasterCard is accepted including locations that do not accept visa debit cards. American Express offers several locations that do accept only Visa. These include locations in California, Arkansas, Georgia, New Jersey, New York, Pennsylvania and Texas. Customers in these areas will only have to insert a valid visa card in their wallet to pay for their purchases.
This prepaid visa card from American Express has two differentiating features that set it apart from other credit cards. The first of these is the Vanilla Visa Card logo that is located on the front of the card. The logo is used as an identification mark for vanilla prepaid visa cards issued by American Express. It can only be used to make purchases when the card is presented with the plastic card number. This feature is provided to help maintain the high standards that have been followed by all vanilla prepaid Visa cards manufactured by American Express. This ensures that the card is trusted and used responsibly by the card holder.
Another feature is the option for a reloadable prepaid visa card. The card holder is provided with a reloadable debit visa card that can be loaded with funds from any financial institution that provides such services. This helps prevent the possibility of the card holder overspending since he does not receive a printed amount for spending. In the event that insufficient funds are deposited in the account, the debit card can still be used to make purchases. The vanilla prepaid visa card can be activated online through an internet portal.
A reloadable prepaid visa card has the same benefits as a vanilla prepaid credit card. The online process allows the card holder to make purchases at any store that accepts debit cards. This convenience is provided in addition to the high level of security provided by American Express. The card can also be used anywhere MasterCard is accepted, including locations in California, Arkansas, Georgia, New Jersey, New York, Pennsylvania and Texas. This is because the cards are linked directly to the Visa or MasterCard payment terminals.
In order to help you learn how to wisely pay visa cards, one of the best sources of information is the website of green dot bank pursuant to a license from visa licensing. The website has information on various MasterCard and Visa products including information on vanilla prepaid visa cards. This particular bank is one of the largest in the U.S. Its goal is to become the number one financial institution that works with both corporations and individuals. This bank provides many financial tools including a deposit calculator, a check cash advance, and a savings account.
To become a member fdic (federated financial corporation) you must meet certain criteria including meeting income and asset guidelines. Once you have met the criteria, you will receive a business license, business ID, a state tax identification number, and a certificate of deposit. Green Dot Bank pursuant to a license from visa licensing will not allow you to use your Visa or MasterCard to make purchases from their card system if you do not have one or if you intend to purchase something using the card. This means that you cannot use your Visa or MasterCard to make purchases at their place of business unless you have the card and a banking account. Additionally, they require that you have a direct deposit set up which is actually where the money for the purchases comes from. This way, they are able to track all of your deposits to your banking account ensuring that all of your money is accounted for and on time.
A prepaid Visa or MasterCard is a great way to save money as well as being safe when you do your online shopping. By using it, you can be confident that your purchases will go through, especially if you have a reloadable card like the vanilla prepaid visa card. If you travel extensively, then you can keep spending money on the vanilla prepaid debit card and never worry about going over your credit limit or overdrawing your bank account again. With vanilla prepaid cards you do not have to worry about overspending or leaving yourself short of cash so that you need to refill it before you leave.