"You Got To Have A Plan "
UltraVX® Visa® Card Review
Written by: goingup on 2009-06-02
Overall Satisfaction
Customer Service
Rewards
Account Management
Delivery Time
goingup's review: 
I just got the card and so far so good. I have my own business and I needed a credit card for rentals and other things. I got tired of the look when I presented my debit card to vendors and was questioned.
Enterprise Rental Car were not taking debits at one point!
I also needed more than a 300 dollar limit. Yes, there are fees associated with this card, yes it will never ever convert to unsecured. For me it is worth it.
You can withdraw money from your paypal account with it, this is huge.
Never withdraw cash from ATMs huge fee
Never got over the limit
Always pay the credit portion early, it comes from cash account so you need to make sure the money is in there.
As long as you stay with in the guide lines and limit, it is an okay card.
Within the next year my files will be clean and I will go for prime cards, with one 25,000 credit limit reporting on my files!
My plan
Clean up my credit report
Run every expense I can through this card to reach the max limit
Obtain 2-3 prime cards with the same limit.
One note for those of you who want to do ebay and need a bank account. It was in the literature that you could not confirm this account with paypal well I was able to do so and lift my withdraw and spending limits on an old paypal account it took 3 days.
The rewards are crap, you have to spend 20K to get a 100 gift card!
I just got the card and so far so good. I have my own business and I needed a credit card for rentals and other things. I got tired of the look when I presented my debit card to vendors and was questioned. Enterprise Rental Car were not taking debits at one point!
I also needed more than a 300 dollar limit. Yes, there are fees associated with this card, yes it will never ever convert to unsecured. For me it is worth it.
You can withdraw money from your paypal account with it, this is huge.
Never withdraw cash from ATMs huge fee
Never got over the limit
Always pay the credit portion early, it comes from cash account so you need to make sure the money is in there.
As long as you stay with in the guide lines and limit, it is an okay card.
Within the next year my files will be clean and I will go for prime cards, with one 25,000 credit limit reporting on my files!
My plan
Clean up my credit report
Run every expense I can through this card to reach the max limit
Obtain 2-3 prime cards with the same limit.
One note for those of you who want to do ebay and need a bank account. It was in the literature that you could not confirm this account with paypal well I was able to do so and lift my withdraw and spending limits on an old paypal account it took 3 days.
The rewards are crap, you have to spend 20K to get a 100 gift card!
2 Comments
Comment 1 by meya
Nice Posting 
on 2009-06-02
Like your contingency plan. Just thought I would through a little bug in for ya. I have heard of Amex issuing cards to business owners with jacked up credit. I think it is the Green one. Hope I am right...
Is this the only card that you have so far? Capital One, Orchard, hooter's, or HSBC would have been a nice place to start IMO!
on 2009-06-02 Like your contingency plan. Just thought I would through a little bug in for ya. I have heard of Amex issuing cards to business owners with jacked up credit. I think it is the Green one. Hope I am right...Is this the only card that you have so far? Capital One, Orchard, hooter's, or HSBC would have been a nice place to start IMO!
Comment 2 by yellowd1
Beware Please!! on 2009-06-05
I had this card and they have all sorts of fees that Do Not- I repeat do not show up on your account when you view it online!! I was told I had a 223.00 balance on this card when I elected to close it!!?? No I did not have a balance so of course I was confused!! I asked why this balance did not show up on my account when I viewed it online- hmmm, never got a straight answer to that... The terms on this cards agreement are tricky! I have read it took them a year to even get approval to report to the CRA's! Anywho, I winded up calling the BBB& FTC. They closed it supposedly... I started getting online statements for a 15.00 balance but they had supposedly resolved the issue w/ me and brought the acct. Balance to $0. I called them immediately and threatened legal action, as I had kept my email Resolution letter from BBB. They know the loop holes in their agreement- this is definitely one of those cards the credit card bill of rights is intended for!! Just my experience- call in and ask about your TRUE balance every now and then...
on 2009-06-05 I had this card and they have all sorts of fees that Do Not- I repeat do not show up on your account when you view it online!! I was told I had a 223.00 balance on this card when I elected to close it!!?? No I did not have a balance so of course I was confused!! I asked why this balance did not show up on my account when I viewed it online- hmmm, never got a straight answer to that... The terms on this cards agreement are tricky! I have read it took them a year to even get approval to report to the CRA's! Anywho, I winded up calling the BBB& FTC. They closed it supposedly... I started getting online statements for a 15.00 balance but they had supposedly resolved the issue w/ me and brought the acct. Balance to $0. I called them immediately and threatened legal action, as I had kept my email Resolution letter from BBB. They know the loop holes in their agreement- this is definitely one of those cards the credit card bill of rights is intended for!! Just my experience- call in and ask about your TRUE balance every now and then...
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Disclaimer: This content is not provided by New Millennium Bank. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by New Millennium Bank. Review content is powered by Finance Globe.
