Mar 3, 2014, 9:28 am
Last edit by: uncommonsensical
“My Vanilla Personal Reloadable Prepaid Debit Visa card”
https://www.myvanilladebitcard.com
FAQs: https://www.myvanilladebitcard.com/myvanilla/faq.html
T&C: https://www.myvanilladebitcard.com/m...Policy_ENG.pdf
Fees: https://www.myvanilladebitcard.com/m...RhFOmbp3hiKogJ
There isn't a bill pay function with MVD.
How do I load funds onto MVD? There are two primary ways to load funds onto your MyVanilla Card: 1) Direct Deposit (direct deposit all or part of your paycheck, social security, even your tax return refund right onto your MyVanilla Card); 2) At any Vanilla Reload Network retailer; just bring your Card and the amount you want to load onto your Card - Note: This can be either purchasing a Vanilla Reload card or possibly using a retailer with loading function on the cash register such as CVS. $3.95 fee applies to both methods.
CVS Credit Card Load Data Points:
Credit Cards used treated as a purchase:
FIA Fidelity Amex
Credit Cards used treated as a cash advance:
??
What is the load limit? You can load a maximum of $500.00 per day onto your Card, and there is a $2,500.00 total maximum deposit limit per day from all deposit sources (loads and ACH direct deposits). The daily ATM withdrawal limit is $400.00. The daily Cash Advance or "Over the Counter" limit at a bank is reported as $2,500.00/day. Some reports that this is actually / month. Maximum loaded amount on MVD card is $9,999.
If you can find Vanilla Reload cards that you can purchase with a credit card, max out by getting up to 3 registered MyVanilla Debit cards and you can load up to $2500 x 3 per day. And if you have a bank near you that will give you cash advances, you can take the full balance off each card for a $1.95 cent fee.
If you do not have Vanilla Reloads available near you, you want to find a bank that will allow you to cash out temporary cards. These are the ones you buy at CVS for $500 plus $3.95 fee and then cash them out en masse for a 50 cash advance fee apiece.
In Essence
Get new cards, spend some random amount and then get put in shutdown mode to spend off what is left, unless you utilize one old weird trick that prevents shutdown mode.
Liquidating a shut down account as of 3.31.2014
Various reports, and I can also confirm- If you receive the "invalid username or password" message when trying to access your account online, that's the indicator that you have been shut down. Check again for a day or so (just to make sure it wasn't an issue with their website). If still unable to access- you've been shut down.
If you don't want to call and talk to them, you can confirm yourself whether your account is still alive to liquidate by calling 855.686.9513. If you are able to hear your balance, you can liquidate- and you can liquidate quickly without any problem. I liquidated $8,200 over the weekend: 5k Saturday, the remainder Sunday (Walmart BillPay and MO).
https://www.myvanilladebitcard.com
FAQs: https://www.myvanilladebitcard.com/myvanilla/faq.html
T&C: https://www.myvanilladebitcard.com/m...Policy_ENG.pdf
Fees: https://www.myvanilladebitcard.com/m...RhFOmbp3hiKogJ
There isn't a bill pay function with MVD.
How do I load funds onto MVD? There are two primary ways to load funds onto your MyVanilla Card: 1) Direct Deposit (direct deposit all or part of your paycheck, social security, even your tax return refund right onto your MyVanilla Card); 2) At any Vanilla Reload Network retailer; just bring your Card and the amount you want to load onto your Card - Note: This can be either purchasing a Vanilla Reload card or possibly using a retailer with loading function on the cash register such as CVS. $3.95 fee applies to both methods.
CVS Credit Card Load Data Points:
Credit Cards used treated as a purchase:
FIA Fidelity Amex
Credit Cards used treated as a cash advance:
??
What is the load limit? You can load a maximum of $500.00 per day onto your Card, and there is a $2,500.00 total maximum deposit limit per day from all deposit sources (loads and ACH direct deposits). The daily ATM withdrawal limit is $400.00. The daily Cash Advance or "Over the Counter" limit at a bank is reported as $2,500.00/day. Some reports that this is actually / month. Maximum loaded amount on MVD card is $9,999.
If you can find Vanilla Reload cards that you can purchase with a credit card, max out by getting up to 3 registered MyVanilla Debit cards and you can load up to $2500 x 3 per day. And if you have a bank near you that will give you cash advances, you can take the full balance off each card for a $1.95 cent fee.
If you do not have Vanilla Reloads available near you, you want to find a bank that will allow you to cash out temporary cards. These are the ones you buy at CVS for $500 plus $3.95 fee and then cash them out en masse for a 50 cash advance fee apiece.
In Essence
Get new cards, spend some random amount and then get put in shutdown mode to spend off what is left, unless you utilize one old weird trick that prevents shutdown mode.
Liquidating a shut down account as of 3.31.2014
Various reports, and I can also confirm- If you receive the "invalid username or password" message when trying to access your account online, that's the indicator that you have been shut down. Check again for a day or so (just to make sure it wasn't an issue with their website). If still unable to access- you've been shut down.
If you don't want to call and talk to them, you can confirm yourself whether your account is still alive to liquidate by calling 855.686.9513. If you are able to hear your balance, you can liquidate- and you can liquidate quickly without any problem. I liquidated $8,200 over the weekend: 5k Saturday, the remainder Sunday (Walmart BillPay and MO).
My Vanilla debit
Jan 24, 2014, 2:19 pm
#2431
Join Date: Aug 2009
Location: RDU
Programs: A few
Posts: 5,499
Will you let me hold onto your money for nothing? You can earn money on the float - rates aren't at 0% - but again, the fees are the bigger part for MVD.
I haven't seen anyone who deposits, let's the money sit, never withdraws over $2K nor more than once per month, and mixed in some fee-generating "normal" debit transactions report having been shut down. Have you?
It boils down to this: MVD will shut you down if they deem you unprofitable. Make it profitable for them and you're more likely to be okay.
I haven't seen anyone who deposits, let's the money sit, never withdraws over $2K nor more than once per month, and mixed in some fee-generating "normal" debit transactions report having been shut down. Have you?
It boils down to this: MVD will shut you down if they deem you unprofitable. Make it profitable for them and you're more likely to be okay.
you are ignoring the business cost of storing money. it's not free. that's why banks like wf are actually charging some people to hold deposits. look you can think what you want but i work in the business and know enough that nobody makes any profit whatsoever on float. you can keep believing it if it makes you feel better.
Jan 24, 2014, 2:31 pm
#2432
Join Date: Oct 2004
Location: BZN
Programs: AA:LT Platinum DL:LT Gold UA:1P MAR:LT Titanium
Posts: 8,291
you are ignoring the business cost of storing money. it's not free. that's why banks like wf are actually charging some people to hold deposits. look you can think what you want but i work in the business and know enough that nobody makes any profit whatsoever on float. you can keep believing it if it makes you feel better.
All else being equal, allowing a few thousand to sit in your MVD account is more appealing to them than having nothing in there. Not only can they make a tiny return on it, but it is also money that has a certain abandonment rate (i.e., it's theirs until you take it back).
Last edited by mooper; Jan 24, 2014 at 8:45 pm
Jan 24, 2014, 6:55 pm
#2433
Join Date: Feb 2012
Location: Los Angles
Posts: 2,101
yes you can.
when i was a wee lad my momma told me a fact that drain cleaner is poison and offered her conclusion that i should not drink it.
although i had no familiarity with drain cleaner or poison, i opted to accept the factual basis for her conclusion at face value and also accepted her conclusion.
its a good thing I did not take your advice because if i disregarded her factual basis or conclusion, i would not be here today!
as you can see your advice can be deadly I would advise you to stop telling people not to trust other's factual basis at face value unless you are truly trying to cause them harm.
when i was a wee lad my momma told me a fact that drain cleaner is poison and offered her conclusion that i should not drink it.
although i had no familiarity with drain cleaner or poison, i opted to accept the factual basis for her conclusion at face value and also accepted her conclusion.
its a good thing I did not take your advice because if i disregarded her factual basis or conclusion, i would not be here today!
as you can see your advice can be deadly I would advise you to stop telling people not to trust other's factual basis at face value unless you are truly trying to cause them harm.
Jan 25, 2014, 7:15 am
#2438
Join Date: Sep 2012
Location: IAH
Posts: 418
More useless speculation on my part but if the shutdowns are manual maybe an analyst is pulling a report everyday and only makes it so far down the list flagging suspect accounts. Next day, pull another report since more people have reloaded in the preceding x hours. If this is what's happening then I guess it depends what field they are sorting on everyday is it account #, last name etc. Someone could be near the bottom of the list everyday and survive.
Jan 25, 2014, 7:34 am
#2439
Join Date: Oct 2004
Location: BZN
Programs: AA:LT Platinum DL:LT Gold UA:1P MAR:LT Titanium
Posts: 8,291
But one of my MVDs with 20 transactions a month (total fee of $10) was shut down alongside another MVD with just 4 transactions a month, both at the same volume of 10k. But other MVDs with lower volume are still open. So, there are other factors at play besides profitability. They seem to be looking at volume, speed of load and unload, closeness to daily/monthly/annual limits, and probably the size of each transaction. And right now they are trigger happy.
But when you say that your card with $10 in fees was shut down... could it be that your other card was unprofitable to them and put you on the radar? Were you making fee-generating transactions *other than* loading/unloading on that second card? If not, probably not enough for them to deem profitable. Even with your first card (with the $10 in fees), you shouldn't just look at the fees alone. If you were exclusively loading/unloading large amounts, they also see you as a greater fraud risk, so while $10 in fees might be great for someone doing it by purchasing milk, they don't consider it enough to want to keep doing business with someone purely loading/unloading.
It boils down to this... putting aside guesses about what they actually seek, the data points we've seen here suggest that if you don't exceed $2K per CA, if you leave loaded money in for a bit, and if you mix in some "regular" fee-generating transactions, you'll be okay. Start doing $8K/month, skip the regular transactions, load/unload with little delay, violate published limits, or move outside the box in any other way (including with another card under the same SSN) and you're much more likely to get cut off.
Jan 25, 2014, 7:39 am
#2440
Join Date: Oct 2004
Location: BZN
Programs: AA:LT Platinum DL:LT Gold UA:1P MAR:LT Titanium
Posts: 8,291
More useless speculation on my part but if the shutdowns are manual maybe an analyst is pulling a report everyday and only makes it so far down the list flagging suspect accounts. Next day, pull another report since more people have reloaded in the preceding x hours. If this is what's happening then I guess it depends what field they are sorting on everyday is it account #, last name etc. Someone could be near the bottom of the list everyday and survive.
Jan 25, 2014, 9:12 am
#2442
Join Date: Feb 2012
Location: Los Angles
Posts: 2,101
It boils down to this... putting aside guesses about what they actually seek, the data points we've seen here suggest that if you don't exceed $2K per CA, if you leave loaded money in for a bit, and if you mix in some "regular" fee-generating transactions, you'll be okay. Start doing $8K/month, skip the regular transactions, load/unload with little delay, violate published limits, or move outside the box in any other way (including with another card under the same SSN) and you're much more likely to get cut off.
Are they shutting (shooting
) themselves?The writing is on the wall, may choose to ignore.
If U don't jump U will sink with MVD boat!
Jan 25, 2014, 10:51 am
#2443
Join Date: Oct 2004
Location: BZN
Programs: AA:LT Platinum DL:LT Gold UA:1P MAR:LT Titanium
Posts: 8,291
How so if they shut down just the accounts they deem unprofitable? There are plenty of people who ring up lots of fees, and there are MSers like me that are generating decent fees for them but still winding up ahead in the MS game.
Jan 25, 2014, 11:09 am
#2444
Join Date: Aug 2011
Location: SFO/SJC
Programs: MR,UR, UA, BA, AA, Hotels
Posts: 581
Mooper - I don't think it is safe to assume they are smart and organized. Very little evidence of that. So many simple ways to manage or stop MS that they haven't adopted.
I share SlickW's conclusion. Far too many inconsistencies for this to be a script.
I share SlickW's conclusion. Far too many inconsistencies for this to be a script.
It would be needlessly inefficient to have someone manually review. It's easy to write a script that says, "here are the things we don't like"... run tests for them, set aside accounts that fail. Then, say, "we like these things (fees)"... run tests for them, exempt accounts that pass. Any accounts remaining get flagged.
More useless speculation on my part but if the shutdowns are manual maybe an analyst is pulling a report everyday and only makes it so far down the list flagging suspect accounts. Next day, pull another report since more people have reloaded in the preceding x hours. If this is what's happening then I guess it depends what field they are sorting on everyday is it account #, last name etc. Someone could be near the bottom of the list everyday and survive.
Jan 25, 2014, 11:14 am
#2445
Join Date: Feb 2011
Programs: DL DM Hub Captive, Marriott Plat, Hilton Diamond, PC Plat, and other stuff.
Posts: 904
I simply believe its all blind luck if you are still able to use your MVDs, unless you load and unload as they intended folks to, that means no CAing for anything over $100 tons of transactions for small amounts yielding tons of fees for MVD. and no MOing for large amounts and loading cards for way < $500
It was very nice while it lasted, best of luck to those who are still able to play the game with MVD
IMO not worth it as GCs and Wally will be a cheaper way over VRs, except if loading to a BB
It was very nice while it lasted, best of luck to those who are still able to play the game with MVD
IMO not worth it as GCs and Wally will be a cheaper way over VRs, except if loading to a BB
I haven't seen anyone who deposits, let's the money sit, never withdraws over $2K nor more than once per month, and mixed in some fee-generating "normal" debit transactions report having been shut down. Have you?
It boils down to this: MVD will shut you down if they deem you unprofitable. Make it profitable for them and you're more likely to be okay.
It boils down to this: MVD will shut you down if they deem you unprofitable. Make it profitable for them and you're more likely to be okay.
I have no complaints. I generated plenty of MS while the party lasted, and frankly, I'm grateful they allow a spend down mode. We can both shake hands and part as friends.
It's better than the $6K I'm waiting on ("allow up to 20 business days") for another program that I got shut down on.