"I Love This Card."
UltraVX® Visa® Card Review
Written by: monkey909 on 2010-05-25
Overall Satisfaction
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monkey909's review: 
My husband didn't have any credit and needed some positive accounts. I searched and searched and found this card. Yes, it does have fees. But, I would pay double for what it does.
It has two sides to it: One is a cash account, you may use it to pay bills or get money out of an ATM machine. The other side is a credit card, and you fund it by putting money into it from your cash account. So you control your credit limit. If you use it as a credit card it will be reported to all 3 major CB's.
You can fund it will direct deposit or through sending money from MoneyGram and places like that. It's very easy! I do not like that I have to pay moneygram a fee to send it and then pay the card to accept it. BUT: Direct Deposit is FREE. So that's how we fund it. We put $250 a week in for my husbands expenses like gas and food. And the rest goes into our regular checking account for household bills.
It does show up as a secured credit card after about 90 days. And it will never ever become a true unsecured credit card, but it is the quickest and most versitle card I found.
I just filed BK and I'm going to get this card as well. They are closed to new applicants at the moment but as soon as they start taking more, I will be first in line.
Good luck with road to credit redemption!!
My husband didn't have any credit and needed some positive accounts. I searched and searched and found this card. Yes, it does have fees. But, I would pay double for what it does. It has two sides to it: One is a cash account, you may use it to pay bills or get money out of an ATM machine. The other side is a credit card, and you fund it by putting money into it from your cash account. So you control your credit limit. If you use it as a credit card it will be reported to all 3 major CB's.
You can fund it will direct deposit or through sending money from MoneyGram and places like that. It's very easy! I do not like that I have to pay moneygram a fee to send it and then pay the card to accept it. BUT: Direct Deposit is FREE. So that's how we fund it. We put $250 a week in for my husbands expenses like gas and food. And the rest goes into our regular checking account for household bills.
It does show up as a secured credit card after about 90 days. And it will never ever become a true unsecured credit card, but it is the quickest and most versitle card I found.
I just filed BK and I'm going to get this card as well. They are closed to new applicants at the moment but as soon as they start taking more, I will be first in line.
Good luck with road to credit redemption!!
2 Comments
Comment 1 by brownfox79
Re: I Love This Card. 
on 2010-05-30
Glad to here you and your husband like this card a lot. I've had mine since 04/2008. One word of advice to save you from the loading fees, is to load your card through Paypal - it's free that way.(That's if you have a Paypal acct.)
Before I became aware of this I too was loading every week at a cost of $3.95 ea. So, if you do have Paypal save yourselves time and money by loading that way.
on 2010-05-30 Glad to here you and your husband like this card a lot. I've had mine since 04/2008. One word of advice to save you from the loading fees, is to load your card through Paypal - it's free that way.(That's if you have a Paypal acct.)Before I became aware of this I too was loading every week at a cost of $3.95 ea. So, if you do have Paypal save yourselves time and money by loading that way.
Comment 2 by wanderer
Re: I Love This Card. on 2010-06-01
Thanks for the explanation on how this card really works.
on 2010-06-01 Thanks for the explanation on how this card really works.
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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.
