Myvanilla visa cards are very popular with people and they are used by many people all over the world to buy products and services. They can be used almost every place and at every store and most of the merchants accept visa prepaid card payments. There are two different cards that are very popular, one is the prepaid card and the other one is the gift card. You can have a prepaid card like the Myvanilla visa card that can be reloaded as many times as you want and you can have the myvanillagiftcard which cannot be reloaded as many times as you want. This is the major difference between gift cards and prepaid cards that prepaid cards can be used at almost every place and they can be reloaded while gift cards cannot be reloaded and once the balance is exhausted, you cannot reload it and it is just a piece of plastic after zero balance. Here are some features and a brief overview of using Myvanilla Visa cards.
Myvanilla card visa card has no monthly fee whatsoever but when you purchase anything from your card you will be charged $.50 on every product purchase. On average, if you purchase anything from your normal card you are not paying anything on your purchase just like your prepaid vanilla card but here you have to pay a monthly fee which is something around $5.00. The price of using your card is still less if you pay transaction fees on every product purchase because no one buys products every day and even if you buy 10-12 products in a month, you are still saving more by using a vanilla debit card. You may have to pay surcharge fees sometimes when you use ATMs to withdraw money. However, there is no surcharge if you are using MoneyPass ATMs for withdrawal.
The card limit of the Myvanilla prepaid card is higher as compared to the normal prepaid card. Even the maximum value that you can load on this card and you can retain in this card is higher as compared to the normal prepaid card. The daily spending limit that you get with a normal prepaid card is something around $3000 whereas with the Myvanilla prepaid card your daily spending limit is $5000. The maximum value that you can retain in the card is $9,999.99 and the maximum value that you can reload in the card is $2500 every day. While you want to withdraw money from your card, you can only withdraw $750 with a normal prepaid card but with a MyVanilla card, you can withdraw $2000 per day.
Loading Money On Card
As you know now that you can reload money every day on this card and the daily loading limit is also good but loading the card requires a process to be done and for loading your Myvanilla prepaid card, you can follow three different ways.
Direct Deposit: Direct deposit is the most basic way that every person knows, you need to visit the bank and deposit the money into your card. This method is universal and the easiest to understand method.
Cash: By using the VanillaDirect or Walmart Rapid Reload, you can load the cash in your Myvanilla card easily anytime.
Mobile Check Deposit: Myvanilla has its own mobile application and through this application, you can add funds to your card. There is no charge for fees whatsoever for using the check deposit feature.