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
Mar 8, 2013, 12:02 pm
#317
Join Date: Feb 2013
Posts: 59
They make TONS through my VR purchasing patterns.
Edit: Just to be clear, sometimes in excess of $200/month in the VR purchases alone.
Does anyone care to do the math to figure out how much money is needed to make $2400 a year at 1.1% APY?
Edit: Just to be clear, sometimes in excess of $200/month in the VR purchases alone.
Does anyone care to do the math to figure out how much money is needed to make $2400 a year at 1.1% APY?
Mar 8, 2013, 12:37 pm
#319
Join Date: Feb 2013
Posts: 59
By "they" I mean Incomm, the people that issue VRs and Bancorp, the company that hires them to do so.
Incomm and Bancorp make money off my VR fees as if I was letting $250k sit in a Vanilla account doing nothing.
If anything, the retailers are the big losers. It's almost certain that their kickback (if it even exists) is less than the CC transaction fee.
Given these numbers, I believe you would be crazy to think Incomm and Bancorp care about my CA activity.
Incomm and Bancorp make money off my VR fees as if I was letting $250k sit in a Vanilla account doing nothing.
If anything, the retailers are the big losers. It's almost certain that their kickback (if it even exists) is less than the CC transaction fee.
Given these numbers, I believe you would be crazy to think Incomm and Bancorp care about my CA activity.
Mar 8, 2013, 12:56 pm
#320
Join Date: Feb 2012
Location: Los Angles
Posts: 2,101
By "they" I mean Incomm, the people that issue VRs and Bancorp, the company that hires them to do so.
Incomm and Bancorp make money off my VR fees as if I was letting $250k sit in a Vanilla account doing nothing.
If anything, the retailers are the big losers. It's almost certain that their kickback (if it even exists) is less than the CC transaction fee.
Given these numbers, I believe you would be crazy to think Incomm and Bancorp care about my CA activity.
Incomm and Bancorp make money off my VR fees as if I was letting $250k sit in a Vanilla account doing nothing.
If anything, the retailers are the big losers. It's almost certain that their kickback (if it even exists) is less than the CC transaction fee.
Given these numbers, I believe you would be crazy to think Incomm and Bancorp care about my CA activity.
Mar 8, 2013, 1:00 pm
#321
Join Date: Oct 2012
Posts: 167
By "they" I mean Incomm, the people that issue VRs and Bancorp, the company that hires them to do so.
Incomm and Bancorp make money off my VR fees as if I was letting $250k sit in a Vanilla account doing nothing.
If anything, the retailers are the big losers. It's almost certain that their kickback (if it even exists) is less than the CC transaction fee.
Given these numbers, I believe you would be crazy to think Incomm and Bancorp care about my CA activity.
Incomm and Bancorp make money off my VR fees as if I was letting $250k sit in a Vanilla account doing nothing.
If anything, the retailers are the big losers. It's almost certain that their kickback (if it even exists) is less than the CC transaction fee.
Given these numbers, I believe you would be crazy to think Incomm and Bancorp care about my CA activity.
Mar 8, 2013, 1:27 pm
#322
Join Date: Feb 2003
Location: Khyber Pakhtunkhwa
Posts: 1,931
Mar 8, 2013, 2:27 pm
#323
Join Date: Jun 2005
Location: Sweet Home Chicago
Programs: Hilton Gold, Marriott Gold
Posts: 646
By "they" I mean Incomm, the people that issue VRs and Bancorp, the company that hires them to do so.
Incomm and Bancorp make money off my VR fees as if I was letting $250k sit in a Vanilla account doing nothing.
If anything, the retailers are the big losers. It's almost certain that their kickback (if it even exists) is less than the CC transaction fee.
Given these numbers, I believe you would be crazy to think Incomm and Bancorp care about my CA activity.
Incomm and Bancorp make money off my VR fees as if I was letting $250k sit in a Vanilla account doing nothing.
If anything, the retailers are the big losers. It's almost certain that their kickback (if it even exists) is less than the CC transaction fee.
Given these numbers, I believe you would be crazy to think Incomm and Bancorp care about my CA activity.
Mar 8, 2013, 2:48 pm
#324
Join Date: Oct 2009
Posts: 502