The ONE VIP Visa Debit Card, designed by Urban One, offers unique financial perks tailored to meet the needs of its cardholders while actively supporting Black-owned businesses and community-focused initiatives.
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Unlike traditional debit cards, ONE VIP offers a robust rewards system, enabling users to earn points on everyday purchases and an increased rate of points on purchases at select merchants, including Black-owned businesses. With an ethos centered around financial empowerment, ONE VIP is part of Urban One’s mission to enhance economic engagement and awareness within the Black community.
This card is accessible, with no credit check requirement, no hidden fees, and a monthly maintenance fee of $7.95, making it financially predictable for users who want a straightforward banking experience. Additional features include early access to direct deposits, convenient fund transfers, and an easy-to-use mobile app, reinforcing ONE VIP’s commitment to convenience, transparency, and financial well-being.
Qualification requirements
To obtain the ONE VIP Visa Debit Card, applicants must meet a few simple requirements: they need to be U.S. residents aged 18 or older and possess a government-issued ID. Unlike credit cards, this debit card does not require a credit check, making it accessible to a wide range of users, particularly those who may not have an established credit history or who wish to avoid credit checks.
A nominal monthly fee of $7.95 applies, and while there is no minimum balance requirement, applicants must agree to the card’s terms and conditions, including fees and usage guidelines.
Benefits
ONE VIP provides a range of benefits that make it stand out in the market. First and foremost, it champions the “buy Black” initiative by encouraging users to shop with Black-owned businesses, where they can earn additional rewards points. Points earned through purchases can either be redeemed as cashback to the ONE VIP account or donated to support community charities.
For added convenience, the card’s digital banking platform includes an easy-to-use mobile app, offering a seamless experience for managing finances, accessing rewards, and depositing checks on the go. Additionally, ONE VIP provides early access to direct deposits, allowing users to receive their payroll or benefits up to two days earlier than traditional banking methods.
Pros
ONE VIP’s benefits cater to individuals seeking both financial accessibility and a positive social impact. Here’s a breakdown of the card’s main advantages:
- Encourages spending with Black-owned businesses, promoting economic circulation within the Black community.
- Offers up to 1.5% cashback on purchases at select merchants and everyday expenses.
- Provides a straightforward $7.95 monthly fee with zero hidden fees or overdraft charges.
- No minimum balance requirements.
- Early paycheck access with direct deposit, up to two days earlier than traditional banks.
- Simple application process with no credit check required.
- Allows cardholders to donate rewards points to selected charities, promoting social responsibility.
Cons
Despite its many benefits, there are a few considerations to keep in mind:
- Limited availability to U.S. residents only.
- The rewards structure may favor specific merchants, limiting point accumulation on other purchases.
- A $7.95 monthly fee, which may be a downside for users seeking a free banking option.
- Inconvenience of program closure, limiting use after specific dates.
- Cash deposits can only be made at participating Visa Readylink locations, which may not be widely accessible.
How to apply
Applying for the ONE VIP Visa Debit Card is a straightforward process. Interested applicants can visit the ONE VIP website or download the ONE VIP app on their mobile device to begin the application. The application process requires basic personal information, including a valid U.S.
ID and a current address. Upon approval, users can fund the card via direct deposit, bank transfers, or cash deposits at Visa Readylink locations. Since no credit check is necessary, individuals with varying credit histories are welcome to apply. Users can activate the card once it arrives in the mail, and from there, they’ll be ready to start enjoying the card’s benefits and rewards.
Is the card worth it after all?
For individuals seeking an inclusive debit card with a focus on supporting Black-owned businesses and community-oriented organizations, the ONE VIP Visa Debit Card may be an ideal choice. This card appeals to users who prioritize social impact and financial transparency.
Its rewards program benefits cardholders who regularly shop at partner merchants and Black-owned businesses, making it highly rewarding for specific spending habits. However, for those seeking a no-fee option or a more versatile rewards program, ONE VIP’s monthly fee and merchant restrictions might not be ideal.
As the program is scheduled to close soon, users should also weigh the card’s limited future usability. The closing program dates limit the card’s advantages, as users will need to transition to alternative financial products within the stated timelines. Despite this drawback, ONE VIP’s community-centered mission makes it a valuable option for those who align with its principles.
Conclusion
The ONE VIP Visa Debit Card combines the functionality of a debit card with a commitment to social impact. By aligning spending habits with community support, cardholders can enjoy a modern banking experience that promotes financial health and advocacy.
The ONE VIP Visa Debit Card, issued by Stride Bank, delivers convenience, rewards, and transparency, all while empowering the Black community through intentional spending and charitable donations. However, with its program nearing an end, cardholders should consider alternate options as they prepare for the card’s scheduled deactivation.
For those who value purpose-driven financial tools, ONE VIP has made a significant mark in its active period, fostering a meaningful connection between personal finance and community engagement.
