Originally Posted by
punjabi2
Thanks Happy. As I read more and grasp better, I hope I will have my "terminology" straight
You mentioned that each transaction on my black card would cost $0.50. I get that, thanks.
Let's say, I am able to transfer all $500 from this black card to BB at WMT using my PIN, then there is no balance on the black card. Then, they cant charge me anything, correct?
I am at work, so dont have time to read as much as I would like, that is why I am asking. Hope learned members will give some time to a newbie to grasp and raise his level
DONT DO THAT.
The first thing and most important thing you do when dealing with ANY financial institution is NOT to owe them money that
you legitimately OWE them. 
The transaction fee and MANY other fees are all in the FAQs. By registering your card you
affirm that you would be bound by the service' T&Cs. So dont pull such crap that "I do not know."
Sheesh, $0.50 is such a small sum do you want to scam My Vanilla by not paying for that and risk some black mark on your records?
Seriously!
If you want to get rid of the card, then load $499.50 and then after the $0.50 is charged, call to CLOSE the account. Because there would be fee if you are inactive for 3 months in a row.
You have a loooong way to go and much to learn if you want to participate in miles/points collection game ... First and Upmost is NOT to pull Scams!
Read the FAQs before you jump in any "deal" so not to get yourself into more trouble in future. Enough hand-holding from now.