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Can be used wherever Visa debit cards are accepted - Claim this offer

Vanilla Prepaid Mastercard Overview

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The Vanilla Prepaid Mastercard is one of the credit cards offered by Vanilla to its customers. While it is associated with credit card brands, this card functions like a debit card. The holder of the Vanilla Prepaid Mastercard can only spend money that is on the balance.

When you buy a Mastercard Vanilla Prepaid, you will notice the various denominations located on the pack. These are the amounts you can spend on your card.

Buyers of this MasterCard should note that there is an activation fee that ranges from C$ 3.95 to C$ 7.95, depending on your card. Immediately after you pay the activation fee, you can start using this card.

You can’t use both this card, the Vanilla Visa gift card, and the Vanilla Prepaid Visa card to withdraw funds from the ABM or point of sale. They are also not available for recurring billing transactions.

Essential Information

This section will deal with various important details about the Vanilla Prepaid Mastercard. It will talk about the networks and providers of this credit card and the different card types available.

Network

The Vanilla Prepaid Mastercard is available on several networks around the world. It works with various e-products, insurance firms, and travel payments, among others.

Moreover, if you want a gift card that can work on all channels, then this Vanilla Card is ideal. The card can be used for phone transactions, mail delivery, and in-store purchases. Various physical and online retailers that accept debit cards accept it.

Provider

The Vanilla Prepaid Mastercard is provided by Peoples Trust in partnership with Partnership. It was designed to help deal with some of the limitations encountered with traditional credit cards. Also, this card is distributed, maintained, and serviced by InComm Financial Services in Canada.

Card Type

Vanilla Prepaid Mastercard comes in different types based on the funds you can load on it. Types of this card include:

  • Vanilla Prepaid Mastercard C$25
  • Vanilla Prepaid Mastercard: C$50
  • Vanilla Prepaid Mastercard C$60
  • Vanilla Prepaid Mastercard C$100
  • Vanilla Prepaid Mastercard C$200

You can get the prepaid Mastercard from various stores, such as Walmart in Canada.

Vanilla Prepaid Mastercard - comparewise

Rewards

The Vanilla Prepaid Mastercard doesn’t have many rewards systems like the KOHO Mastercard and Amex. However, some rewards you enjoy with this card are:

Insurance

Holders of this card have their balances insured by Bancorp Bank. It is an FDIC-insured card, which means holders have nothing to fear if their cards are stolen, as they will get their money.

Travelling Rewards

For regular travellers, there is a reward for buying tickets with the Vanilla Prepaid Mastercard. You get some discounts, especially when you use the top Canadian airlines that accept this card.

Other Perks

While the Vanilla Prepaid Mastercard might have few rewards, it does come with numerous perks, which include:

Low-interest rates

Unlike traditional credit cards, the Vanilla Prepaid Mastercard doesn’t charge high interest. This depends on how creditworthy the cardholder is and how frequently he uses the card.

No Expiration Date

When this card is purchased and activated, it doesn’t expire. You can use them anytime as long as you have a credit balance. When the card gets lost, all you need to do is contact the issuer and get your funds transferred to another card.

Simplicity and accessibility

Getting the card is one of the easiest things to do. The processes are simple, and there aren’t any strict requirements. Even with bad credit or no credit history, you can get a Vanilla prepaid Mastercard in 5 minutes.

Cost and Fees

There are some fees and costs that need to be paid when you get this card. These fees depend on the type of Vanilla Card you want to choose and the denomination.

Activation fees

The activation fees to use the Vanilla Prepaid Mastercard are around C$3.95 to C$7.95, and C$3.95 to C$8.95 for the Vanilla Prepaid Visa Card. To get the actual fee, kindly walk into a store today to buy one.

International Transaction Fees

You are also required to pay 2.5% on all foreign purchases made outside of Canadian dollars. This may be a problem for people who engage in foreign transactions regularly. It will be a bit expensive for international retailers.

Other Charges

The issuer of the Vanilla Prepaid Mastercard doesn’t charge maintenance fees like traditional credit cards or other penalties. Once this card is activated, usage is free.

Vanilla Prepaid Mastercard final thoughts

The Vanilla Prepaid Mastercard card remains a viable option for people who want a stress-free way of buying goods. This Vanilla Prepaid Mastercard review has shown what makes this card special and the benefits of using one.

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FAQs about the Vanilla Prepaid Mastercard

How do I check balance on my Vanilla Prepaid Mastercard?

You can check your balance by visiting the Vanilla website and entering your card details. To check your Vanilla Prepaid Mastercard balance, enter the card number, expiration date, and 3-digit CVV.

What is the difference between Vanilla Visa and Vanilla Mastercard?

The difference between the Mastercard and Visa versions of the Vanilla Prepaid Card is in their denominations. The features, fees, and rewards are the same.

How do I activate Vanilla Mastercard?

The cashier at the store where it was purchased can help you activate your card. You can also visit the Vanilla website to get instructions on how to activate your card. Without the activation of the Vanilla Prepaid Mastercard, it has no value.

How do I use my Vanilla Prepaid Mastercard?

The Vanilla Prepaid Mastercard is accepted in many stores that accept debit cards. These cards are available in over 4,000 retail stores in Canada.

How much is the activation fee for Vanilla Mastercard?

The activation fee for the Vanilla Prepaid Mastercard card is between C$ 3.95 and C$7.95. These activation fees are charged based on the denomination purchased.

Vanilla Prepaid Mastercard Details

Network Provider
Mastercard
Card Type
Guaranteed, Secured
Annual Fee
$$0
Credit Needed
Poor (300 - 559)
                                                                                                                    

Vanilla Prepaid Mastercard Offices

Phone Number
1-877-770-6408
Email
info@thebancorp.com
Hours
Monday-Friday, 8 a.m. to 8 p.m. ET
Website
Address
409 Silverside Road Wilmington Delaware 19809 USA
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Vanilla Prepaid Mastercard Card Details
  • Min. Credit :
    Poor (300 - 559)
                                                                    
  • Card Type : Guaranteed, Secured
  • Network Provider : Mastercard
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