Managing finances effectively is one of the most critical aspects of modern life. For many, finding the right financial tools can make the difference between struggling with money and achieving financial freedom. The ONE VIP Visa Debit Card is designed to provide that solution—combining rewards, accessibility, and financial empowerment in a single product.

What sets the ONE VIP Visa Debit Card apart is its focus on inclusivity, particularly for members of the Black community. Developed by Urban One, this card is more than just a financial tool; it’s a means of rewarding a lifestyle while fostering positive change within local communities. Whether you want to earn rewards, simplify daily transactions, or support meaningful causes, this card aims to meet your needs.

Key information about the credit card

How does the annual fee work?

The ONE VIP Visa Debit Card features a simple, transparent fee structure, setting it apart from many other financial products. The card requires a flat monthly fee of $7.95, ensuring there are no hidden costs or surprises. This predictability is one of its main attractions, offering users peace of mind when it comes to managing their finances.

How is the credit limit determined?

As a prepaid debit card, the ONE VIP Visa Debit Card operates differently from traditional credit or charge cards. Rather than relying on the bank to set a credit limit, users have full control over their spending capacity. The cardholder determines the limit by preloading funds onto the card, ensuring that spending aligns with their budget.

Advantages of the credit card

• Earn rewards on purchases: Users can earn 1 point for every $2 spent on general purchases and 1.5 points for every $1 spent at partnered brands or select Black-owned businesses. These rewards can be redeemed for cash back or donated to charities, providing users with valuable options.
• No credit checks or minimum balances: The card is accessible to everyone, regardless of credit history, making it an inclusive option for those who have been underserved by traditional financial institutions.
• Early direct deposit: By setting up direct deposit, users can access their paychecks up to two days earlier than they would with traditional banking services.
• Cash deposit convenience: With the VISA ReadyLink network, cardholders can easily deposit cash at thousands of participating retailers nationwide.
• Mobile banking app: The dedicated ONE VIP app provides a user-friendly experience for managing finances on the go, including checking balances, redeeming rewards, and depositing checks.
• Charity-focused rewards: Users can choose to donate their reward points to urban charities, supporting impactful work in underserved communities.
• Transparent fee structure: At just $7.95 per month, the card eliminates the need for worrying about hidden fees or unexpected charges.

Standout advantage

The standout advantage of the ONE VIP Visa Debit Card lies in its mission to empower the Black community. By incentivizing purchases at Black-owned businesses and partnering with organizations focused on urban development, the card creates a direct link between financial empowerment and community impact.

Disadvantages

• Monthly fee: The $7.95 monthly charge may not appeal to users seeking a completely fee-free card option.
• Prepaid structure: Requiring funds to be preloaded onto the card can be less convenient than traditional credit systems, which offer spending flexibility.
• Limited cash back rate: While rewarding, the cash back rate might not be as competitive as some premium credit card offerings.

A standout disadvantage

The primary disadvantage of the ONE VIP Visa Debit Card is its reliance on the prepaid model. While this provides users with full control over their spending, it can be less convenient for those who need immediate access to funds in unforeseen situations. Unlike credit cards, which offer the ability to borrow against a predetermined limit, this card requires users to ensure they have sufficient funds preloaded at all times.

Who can apply for this card?

Applying for the ONE VIP Visa Debit Card is straightforward and accessible to a wide range of individuals. Applicants must be at least 18 years old and have a valid Social Security Number. As this is a prepaid debit card, no credit check is required, making it an excellent option for those with limited or poor credit histories.

Additionally, applicants must provide proof of identification and a valid address to ensure that account information is accurate. This card is ideal for anyone seeking financial flexibility and independence without the complexities of traditional banking relationships. It’s particularly beneficial for individuals who prioritize simplicity and transparency in their financial tools.

How to apply for the ONE VIP card

For the website

To apply online, visit the ONE VIP website and navigate to the application page. Start by filling out the required personal information, including your name, address, and Social Security Number. You’ll also need to select a funding method to preload the card, which can be set up via direct deposit, bank transfer, or cash deposit.

The website offers step-by-step instructions to guide you through the process, ensuring that even first-time applicants can complete their application with ease. Once submitted, approvals are typically instant, and your card will be mailed to your registered address within a few business days.

Through the app

For those who prefer managing their finances on the go, the ONE VIP mobile app provides a seamless way to apply for the card. After downloading the app, create an account by entering your personal information. The app guides you through the application process, allowing you to upload necessary documents and set up direct deposit directly from your smartphone.

Beyond the application, the app serves as a powerful tool for ongoing account management. Features include balance tracking, mobile check deposit, transaction alerts, and the ability to redeem rewards points—all from the convenience of your device.

At the branch

If you prefer a more hands-on approach, you can inquire about applying for the ONE VIP Visa Debit Card at participating retail locations. Visit a store and speak with an associate who can guide you through the application process. This option is particularly useful for individuals without internet access or those who feel more comfortable applying in person. Ensure you bring the necessary documents, such as proof of identification and address, to complete your application. Once approved, you can expect to receive your card by mail within a few business days.