Vision Preferred Visa Prepaid Debit Card (with Direct Deposit)

How We Rated the Vision Preferred Visa prepaid debit card w/direct deposit

Card Features Fees Disclosure Clarity BBB Rating Load Options Overall Rating

Rating Explanation Vision Preferred Visa prepaid debit card w/direct deposit 4 GetDebit.com Editor The Vision Preferred Visa prepaid card with direct deposit gets excellent scores for it's features (credit builder, bill pay, online account management, free SMS text alerts - you name it) and for its numerous load options. Precash, Inc., is the corporation behind the Vision Preferred family of Visa cards and ranks high according to the the Better Business Bureau when responding to consumer issues. The Preferred card might be rated higher except the fees tend to be somewhat higher than other prepaid card on the market. However, if you need extra features, the Vision Preferred Prepaid Visa with Direct Deposit might definitely be worth the extra cost. The Vision Preferred Visa prepaid card with direct deposit gets excellent scores for it's features (credit builder, bill pay, online account management, free SMS text alerts - you name it) and for its numerous load options. Precash, Inc., is the corporation behind the Vision Preferred family of Visa cards and ranks high according to the the Better Business Bureau when responding to consumer issues. The Preferred card might be rated higher except the fees tend to be somewhat higher than other prepaid card on the market. However, if you need extra features, the Vision Preferred Prepaid Visa with Direct Deposit might definitely be worth the extra cost.

Vision Preferred Visa prepaid debit card w/direct deposit Fee Examples

Want to know how much the Vision Preferred Visa prepaid debit card w/direct deposit might cost you to use in a typical month? We have crunched the numbers for you! We also show how Vision Preferred Visa prepaid debit card w/direct depositstacks up against some common alternatives so you can see if you would save money using this card. Please remember -- cost should NOT be the only reason why you pick a card -- make sure to consider the card's features (some cards have more features than a typical bank account).

To see different scenarios, change the following variables.

	Number of transactions each month	Vision Preferred Visa prepaid debit card w/direct deposit	Bank of America "Regular" Checking	Check Cashing Store
Monthly Fee	Once per month	$	$	$
Cash paycheck (per month)	$	$	$	$*
ATM Withdrawals	0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	$	$	$
Bill Payments	0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	$	$	$
Online Purchases	0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	$	$	N/A
In-Store Purchases***	0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	$	$	N/A
Overdrafts:****	0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20		$	$
Total		$	$	$

Note: * Based on a U.S. Average check cashing rate of 4.54% (per the Brookings Institution),
**Using the Money Order fees from the U.S. Post Office (Some of the lowest available),
*** We assume that 1/2 of your in-store purchases will be made using your PIN,
****A LARGE portion of Americans experience at least 1 overdraft each Month. Also note that the Check Casher CANNOT buy items online, and must use cash for all purchases.

Fees Associated With The Vision Preferred Visa prepaid debit card w/direct deposit*

Activation Fee:	$9.95	Card Limit:	$2500
Monthly Fee:	$4.95	ATM Withdrawal:**	$1.95
Signature Transactions:***	$0.00	ATM Balance Inquiry:	$0.50
PIN Transactions:***	$0.95	Bill Payments:	$0.00

The Vision Preferred Visa Card has fees that you will need to be aware of. When canceling your card,don't request a check for the balance or you will be charged. Instead, just withdrawal the balance from an ATM or do a funds transfer. Definitely avoid special fees, like stop payment and paper statements, etc. These can add up quickly and they can easily be avoided. Direct deposit with this card is the best way to go to get the most benefit and the lowest fees.

Notes:
* Fees verified as of 02/10/2011. Check the Current Terms & Conditions for a list of all the fees.
** Some ATM operators may charge a fee for use of their ATMs in addition to this fee.
*** To use your Vision Preferred Visa prepaid debit card w/direct deposit in a "signature" transaction, select "Credit" when checking out at a brick and mortar merchant. Most internet transactions are automatically processed as "signature" transactions.

Vision Preferred Visa prepaid debit card w/direct deposit Card Options

The Vision prepaid cards come in two basic options (Preferred and Premier) each with and without Direct Deposit. The Preferred and Premier cards each have a specific design. Make sure and pick the best card for your needs!

Here are GetDebit’s “Low Fee Tips” for this Card

Whenever possible, opt for a prepaid card with direct deposit. Most times you will save fee expenses, like this Vision Preferred card offers a reduced monthly fee as opposed to other similar cards without direct deposit. Be aware that many prepaid cards, including the Vision Preferred prepaid debit Visa card, probably have fees that can be avoided with careful use. Here are a few tips to minimize your costs associated with the Vision Preferred Debit Visa Card w/direct deposit.

• First reduce the number of ATM withdrawals you make. When you need over a hundred dollars in cash for the week, take that whole amount in one ATM withdrawal (assuming you have enough funds in the account!). Don't withdraw $20 or $40 at a time (the fees add up FAST).
• Save paper. Don't order paper copies of your account statements. Vision Preferred (as many other prepaid debit cards) will charge extra to mail statements to you. Save a tree and save some money!
• Treat your card like a checkbook. Don't try to withdrawal money that isn't there (you won't get an overdraft charge, but you could get a ""decline"" transaction at an ATM).
• Avoid special fees, like stop payments on bill pay transactions, or calls to customer service. Take advantage of the free online, email and SMS Text Alerts.

Tips for Using The Vision Preferred Visa Prepaid Debit Card (with Direct Deposit)

• How to set up Direct Deposit on a Vision Premier Prepaid Visa Card
• Loading Funds on your Prepaid Card Using the Visa ReadyLink Network
• How to Refill Visa Prepaid Cards
• Using a Prepaid Visa Card — A Few Tips
• How to Load Money onto a Vision Premier Card