A MyBalanceNow Visa Gift Card is a prepaid card that you can use for purchases online, in stores, or over the phone, just like a regular credit or debit card. Unlike a bank-issued card, it is preloaded with a fixed amount of money, and you can only spend up to the card’s balance.
These cards are often used as gifts or for personal budgeting because they offer flexibility and can be used wherever Visa is accepted.
How to Get a MyBalanceNow Visa Gift Card
You can purchase a MyBalanceNow Visa Gift Card at Target stores or through their website. They are available in various denominations, so you can choose the value that works for you (e.g., $25, $50, $100). A small activation fee is usually charged at the time of purchase.
Activating and Registering the Card
- Activate the Card: If it isn’t automatically activated at the point of sale, follow the instructions provided on the packaging.
- Register Your Card:
- Visit the website www.MyBalanceNow.com.
- Enter your card details, including the card number, expiration date, and security code.
- This step is especially important if you plan to shop online, as many merchants require a registered billing address.
Checking Your Balance
To keep track of your spending and ensure you don’t exceed the available balance:
- Go to www.MyBalanceNow.com.
- Enter your card information.
- View your remaining balance and transaction history.
Knowing your balance is crucial, especially for online purchases where the card may be declined if the total exceeds the available funds.
Where Can You Use the Card?
You can use your MyBalanceNow Visa Gift Card anywhere Visa is accepted, including:
- Online retailers like Amazon, eBay, or Walmart.
- Physical stores like Target, grocery stores, or gas stations.
- Over-the-phone purchases.
Tips for Using Your Card
- Online Shopping:
- Ensure the billing address matches the one registered with the card.
- If your balance is less than the total purchase amount, split payments may not be allowed unless the merchant supports it. Check with the retailer beforehand.
- In Stores:
- Swipe or insert the card as you would with a debit card.
- Inform the cashier of the exact amount you want to charge to the card if you’re using multiple payment methods.
- Recurring Payments:
- Avoid using the card for subscriptions or recurring charges, as it may be declined once the balance runs out.
Fees and Expiration
- Activation Fee: Paid at the time of purchase.
- Dormancy Fees: Some cards may deduct a small fee from the balance after a period of inactivity (usually 12 months).
- Expiration: While the card itself may have an expiration date, the funds typically do not expire. Contact customer support for a replacement card if needed.
Security and Troubleshooting
- Lost or Stolen Cards:
- Report it immediately by calling the number on the back of the card or visiting www.MyBalanceNow.com. You may be issued a replacement card if you provide proof of purchase.
- Declined Transactions:
- Check if the balance is sufficient.
- Confirm the billing information matches the registration details.
- Fraud Prevention:
- Avoid sharing your card details with unknown or untrusted parties.
- Be cautious when entering card information on websites. Ensure the site is secure (look for “https://” in the URL).
Advantages of MyBalanceNow Visa Gift Card
- Flexibility: Use it at countless merchants worldwide.
- Convenience: No need for a bank account.
- Security: Limited exposure in case of theft or fraud.
- Gifting: A perfect gift option for friends, family, or coworkers.
Drawbacks to Consider
- Limited Balance: Can only spend up to the amount loaded.
- Fees: Activation and dormancy fees can reduce the card’s value over time.
- Limited Use Cases: Some merchants or transactions (like car rentals or certain international purchases) may not accept prepaid cards.
Final Tips for Success
- Always check the balance before making a purchase.
- Keep the card and receipt safe, as they may be required for disputes or replacement.
- Use the card promptly to avoid inactivity fees.
By following these steps and understanding the card’s terms, you’ll maximize the benefits of the MyBalanceNow Visa Gift Card while avoiding common pitfalls.