VUE Stored Value Visa® Card

No Credit Checks No Turn Downs* No Annual Fees No Security Deposit

Review: The VUE Stored Value Visa® Card, issued by Four Oaks Bank & Trust Company, is a stored value card designed for those who may have difficulty in obtaining a standard unsecured credit card. When applying online, a bank account is required to fund the card. These advance payments are then used to offset future purchases made with the card. Advance payments can be funded directly from the cardholder's paycheck, which is automatically loaded to the card every pay period. The card can also be loaded with another credit card by sending a U.S. postal money order via mail or by making a cash deposit using the approved deposit slip. Each time the card is loaded, a fee is applied to the account. There is no interest applied on the account, no annual fee, and no other similar charges found with most unsecured credit cards. There is an application fee of $59.95, a processing fee of $90, and a minimum initial deposit of $10. There is also a monthly participation fee of $3.95 that amounts to $47.40 annually. In total, cardholders can expect to pay $197.35 in fees the first year. There are fewer requirements to qualify for this card in comparison to other unsecured credit cards, such as the usual credit checks and security deposits. The only requirement for this card is a verifiable address in the United States. Therefore, those who are looking for a stored value card with flexibility to pay in advance for purchases, do not mind paying upfront fees, and do not need to build credit may find the VUE Stored Value Visa® Card to be a beneficial option.

Date of Review: 2006-04-08 00:00:00

Notes: ***The total initial application fee includes a $59.95 application fee, a $90 processing fee, and a $10 minimum deposit. ****The monthly maintenance fee for the 'Hologram Debit Card' is $4.95 ($59.40), and the fee for the 'ATM Card' is $3.95 ($47.40). No credit checks. No employment verifications. No security deposit. Various additional fees associated with the card, see website for additional details. See website for complete terms and conditions of card usage and application disclosure.

Additional Perks: Various Internet account related services. Autopayment option. No liability for unauthorized transactions. See website for additional benefits.