Black Visa Prepaid Debit Card – CloseText Written by Miriam Cross About Miriam twitter MiriamSCross mailto miriam.cross@arizent.com LinkedIn miriamcross October 22, 2020 at 1:54 am. Reading time 2 minutes
Urban Media has launched a new digital banking system for Black consumers that allows users to shop at Black-owned businesses.
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- Black Visa Prepaid Debit Card
- Simple Credit Cards
- How Does A Prepaid Card Work?
- The Top 5 Prepaid Card Scams To Watch Out For In 2024
- Deal Dead (maybe)
- Which Spriggy Card Will You Choose?
- D Simple Black Credit Card Model
- Buy Universal Gift Card Universal Physical Prepaid Visa Card
- Visa Is Sued Over ‘vanilla’ Gift Card Scam
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Urban One, which targets Black Americans and urban residents, introduced the One VIP program on Thursday. The prepaid debit card system earns customers 1 point for every $2 spent on regular purchases and 1.5 points for every $2 spent at Black brands, as well as Uber, Netflix, Starbucks and other major merchants. Good points can also be earned through purchases from Ampre, the One VIP shopping network.
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Customers can donate their points in cash or to the Urban One Community Works Foundation, which uses the funds for charities serving people of color. Urban One contributes an additional $10 per account if the cardholder meets certain requirements, such as moving and spending $500 per month.
One prepaid VIP debit card rewards users on most purchases, but offers additional benefits for purchases at some major brands and Black-owned businesses.
“We are excited to be the pioneer and first African company to offer this type of financial solution to Black consumers,” John Round, senior vice president of financial services at Urban One, said in a press release. “This cash back and rewards program gives us access, flexibility and power for our customers and helps transform the Black dollar in the Black community.”
One VIP also offers mobile deposit and early payment options. Users can add one of their VIP cards to Apple, Android, Samsung, Garmin, and Fitbit mobile wallets.
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The account does not require a minimum balance or overdraft fees, for which cardholders pay $4.95 per month. Many competing bank accounts offer similar benefits, but without the monthly fees. The Urban One prepaid debit card issued by $1.2 billion-owned Stride Bank of Enid, Okla.
Urban One’s announcement comes on the heels of other efforts to improve access to financial services for Black Americans.
Another new bank with colorful goals, and as with Uno VIP, its product also includes a charity pool. It was founded by television executive Ryan Glover, rap star Killer Mike, and civil rights leader Andrew Young. They announced that the company would provide food to five children from a family in need through a good non-profit organization, would open personal accounts, and customers would fund their own expenses and donate the difference to the United Negro College Fund, NAACP, Bonor. , and others. Organizations.
Shopify, an e-commerce site, and Operation Hope, an Atlanta-based nonprofit that provides financial education to low- and moderate-income people, recently announced that Shopify is contributing $10 million and Operation Hope is lending $20 million to 1MBB. It provides small business consulting. (The name refers to the goal of creating 1 million new Black-owned businesses by 2030.) Memphis-based First Horizon Bank is also participating in the effort. Use your VIP Visa debit card for your everyday purchases and earn extra income. By spending points with your brands and owning select Black-owned businesses. From groceries to fuel, utility bills and stocks, to luxury party subscriptions, get more from your everyday groceries.
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$7.95 per month. bubble. No minimum balance, and no overdraft fees. always. See our Terms and Conditions for full pricing information.
Don’t wait for your salary. Pay 2 days in advance with direct deposit of payments or benefits to one VIP Visa account
. No waiting for your money and no paper getting lost in the mail. The money must be paid to you as soon as possible, usually two days before bank delivery.
Deposit directly at participating retailers nationwide. Use the Visa Readylink locator in your app to find a location near you.
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For those who are pressed a lot, a lot is required. Use your points to help charities do great work in urban communities.
Early access to direct deposit funds is contingent on the borrower making a payment. We typically release these funds on the day the payment package is received, which may be up to two days before the scheduled payment date.
Earn 1 point for every $2 you spend daily. Earn 1.5 points per dollar spent at your favorite brands like Netflix, Uber, Sephora, and select Black-owned businesses. Reward points never expire. Apply cash rewards to a single VIP account. Make a donation to the Worthwhile Colors Foundation.
Register quickly and securely with our app. You don’t need to enter a password, you can use your fingerprint. Whether you want to check your balance, access rewards points or withdraw, our mobile app has you covered.
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As the nation’s largest Black-owned media company, Urban One has been an advocate for Black America for 40 years. Through various media outlets, including TV One, Radio One, Global Watch, Madame Noir, and many others, they work to create ongoing awareness of national inequality. One form of inequality that has not changed is the dysfunctional relationship between financial institutions and black people. It is no secret that the systemic crisis has led black Americans to flee banks, fueling distrust and suspicions about the uncertain relationship with traditional banks. Urban One continues to advocate for the betterment of Black Americans through VIP One, a reliable, predictable, and accessible digital banking service that creates Black wealth.
The purchasing power of blacks in America amounts to more than $1.2 trillion. Just as black lives matter, black money matters too. ONE VIP Rewards aims to reward members for purchasing black; Black bucks were noticed in the black community.
The goal is to create financial freedom for the black community, connecting people to money, values and experiences. We believe in the importance of breaking the negative narrative around money, and the simple everyday things related to money, so that we can spend more time on the good things in life. Adam meets with financial experts to respond to industry news related to helping consumers improve financial literacy and improve credit. He has over 12 years of experience in programming, purchasing and print journalism, and is an expert in credit scoring, finance, services and banking.
Lillian Guevara Castro brings more than 30 years of publishing and journalism experience to the team. He has written and edited for major news organizations, including The Atlanta Journal-Constitution and the New York Times, and previously served as an assistant professor of journalism at the University of Florida. Today, Lillian edits all content to ensure it is accurate, accurate, and engaging for the reader.
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In short: The black community has historically been served by banking institutions. That’s why Urban One, the largest Black media company, created a VIP card to help spread the word. UNA VIP is a Visa debit card and app that allows users to earn rewards for shopping at Black-owned businesses. Users can pay bills, taxes, and benefit checks directly in advance, and can enter an account number. The card program aims to increase confidence in financial products in the black community.
Black communities in the United States lack the generational wealth that whites enjoy. The median wealth of a black family is $17,600, 10 times the wealth of the median white family.
“The lack of access to financial services is not only a sign of a country’s wealth crisis; That’s why, too, McKinsey & Company points out. “Without the ability to save, invest and insure against risks, many Black families struggle to turn their earnings into wealth.”
Nearly half of black families were saved or drowned due to historical exclusion. An individual with one bank or no bank at all could pay an additional $40,000 in banking fees over their lifetime.
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At the same time, financial institutions do not have the capacity to provide support to this community. As black wealth increases, financial companies can benefit from creating products for this demographic.
Urban One, the largest black-owned media company in the United States, set out to bridge the gap between the community and financial institutions. The company’s Visa debit card program – PRIMA VIP – offers cardholders a direct and convenient financial service. It also helps increase users’ wealth by rewarding them for black market related businesses.
“It is a way to give and receive social responsibility and what it means to do so,” said Vice President of VIP Marketing, Khairunisa Rabbani.
Get started The VIP Visa Debit Card has no hidden fees or overdraft fees, and cardholders can use the VIP Mobile app on the Apple and Google Play stores to take greater control of their financial lives. This includes the ability to deposit money or check your account without visiting a bank branch.
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Years ago, Orbán witnessed a lack of trust among black people
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