Read this Vision Premier Prepaid Visa Card review to determine if this is the best credit card for you. Prepaid cards can serve a variety of useful purposes. They are not at all like credit cards where you obtain a line of unsecured credit; but, they are accepted the same as credit cards by all merchants who take credit cards. The Vision Premier Prepaid Visa Card can be used when you need the convenience of a credit card but the functionality of a prepaid card.
Read this review of the Vision Premier Prepaid Visa Card and then either submit a secured application for the Vision Premier card by clicking on the button on the top of this page or use our free tool on our home page to compare all credit cards!
Understanding Prepaid Cards
Prepaid cards are unlike credit cards because you do not apply for a line of credit against which you borrow to make purchases. Prepaid cards are funded in advance with your own money or money you receive from somebody else on the card. The card is only good for the actual monetary balance, so it can be a good way to budget your spending.
One of the main benefits of a prepaid card is that it is usually guaranteed for approval since you have to fund the card in advance. Different fees typically apply to prepaid cards but they vary by each company. Most prepaid cards come with the same benefits as a standard credit card, including online bill pay options and ATM withdrawals.
Benefits of Vision Premier
Vision Premier Prepaid Visa guarantees approval for everyone who can pass the mandatory identification requirements, which are required by federal law under the USA Patriot Act1. Typically this includes proving your name, address, and date of birth, which can usually be done through a valid driver’s license or state identification card.
With the Vision Premier card you can receive free alerts on your card balance and you are allowed unlimited purchase transactions. One of the biggest benefits of this prepaid Visa card is the direct deposit option. For free, you can automatically have direct deposits applied to your prepaid card, which means on payday your money will be ready for you on your card.
You won’t have to go the bank to cash or deposit your check, or if you already have direct deposit in a banking account, changing it to the prepaid card means not having to go to the bank to make withdrawals. Free direct deposit on a prepaid card is ideal for someone who does not have a checking account because it eliminates the need to pay for check checking.
If you choose to enroll in direct deposit, your weekly fees will be refunded to you via rebate. In order to qualify, you need to sign up for direct deposit and also maintain a minimum monthly deposit amount of $500. Your other direct deposit option to waive the weekly fee is to have a minimum of fifteen transactions completed every month. If you do not qualify for the rebate, you will be billed $0.95 per week through a deduction from your card each week.
Your activation fee is free with a mail in rebate. Transaction fees are waived on all Signature Transactions and your online statements are also free. Online you can access all of your account information, pay your bills, and set up email and mobile phone alerts at your convenience twenty-four hours a day, seven days a week. If you need to call the automated voice response system, there is never a charge for that service.
Whether you choose direct deposit or not, funding your card is easy. There are over 150,000 retailers that participate with Vision Premiere, including MoneyGram and Western Union. You can also transfer up to $2,500 per day via wire transfer and there is no charge to transfer money from PayPal.
Other features of the Vision Premier Prepaid Visa card include bill pay options and free money transfers into any bank account. This prepaid card can be used anywhere Visa® is accepted, including grocers and gas stations. You can also use it at participating ATM’s to access cash when you need it. All unauthorized transactions from lost or stolen cards are covered by the Visa Zero Liability policy.
PreCash offers the Vision Premier Prepaid Visa card along with other prepaid cards from MasterCard. A privately owned company, it was started in 1998 and is headquartered in Houston, Texas. They also have offices in Portland, Oregon. Their products are designed to cater to people who do not have access to traditional credit cards or bank accounts by offering an electronic means of cash funding.
In 2008, PreCash received the Houston Better Business Bureau Award for Excellence and listed number 21 on the Inc. 5000 list for the Top 50 Businesses in Houston-Sugar Land-Baytown, TX. They also rated on Inc. 5000’s list of Fastest Growing Companies, ranking number 997.
PreCash has received several technology awards and currently holds a patent with the US Trademark and Patent Office for its electronic payment-processing model. They also have several patents pending and continue to work with advancing technology to improve electronic transactions.
If you need a prepaid card with low or no fees, the Vision Premiere Prepaid Visa card may be a good selection. It is a good way to fund payroll for small businesses or to use to collect your direct deposit. It can also be a good tool for budgeted spending without costing a lot in monthly or annual fees. To apply for the card now, simply click on the button above to get started. If you want to compare other credit cards then simply click to start finding the best credit card for you!