Oxygen Visa Debit Card Review

Who is the Oxygen Visa Debit Card for?

The Oxygen Visa Debit Card is an exciting option for freelancers, entrepreneurs, and people new to credit to consider. Potential cardholders can register for the Oxygen Card through the mobile app and enjoy flexible banking, cash back rewards, and no pesky fees. In addition, cardholders can apply for a line of credit at any time without needing a full-time job. This makes it easier for startup businesses and entrepreneurs to build their dreams into reality with a line of credit backed by Oxygen. 

Furthermore, for anybody worried about the security of a mobile banking app, Oxygen is a great option to consider. With FDIC insured deposits and virtually generated one-time use cards, Oxygen cardholders can bank easily without worrying about compromising privacy.

No Fees

A great feature about the Oxygen Visa Debit Card is that it has no monthly fees, no overdraft fees, no minimum balance fees, and no ACH bank transfer fees. Cardholders don’t need to worry about running into any fees and can enjoy banking as it’s supposed to be: flexible and hassle-free.

Rewards

The Oxygen Visa Debit Card has a unique rewards program in the sense that it doesn’t offer a flat cash back percentage on purchases. Instead, cardholders can choose from a variety of promotional offers in the Oxygen Banking mobile app. These offers change periodically and are worth different amounts. For example, Oxygen users can earn 2% cash back at McDonald's, 5% cash back at Starbucks, and $5 flat cash back at certain restaurants. The next week, cardholders might earn 2% cash back at Nike and Adidas stores. This rotating rewards program is an innovative way for cardholders to enjoy rewards on products they love.

Another benefit of this rewards program is that cardholders don’t have to worry about tracking their points or remembering specific points categories. Instead, they only need to open up the mobile app and see what rewards are being offered for the day.

Benefits

As part of its referral policy, Oxygen awards $25 to cardholders when they refer a friend to use Oxygen Banking. This feature is helpful for a group of friends or family members who are all interested in using Oxygen to serve their mobile banking needs.

Cardholders can also load cash at any time with the Oxygen Card by going to GreenDot ATM locations across the country. So, while Oxygen may be a virtual banking program, it still enables customers to have easy access to cash if they need it.

If cardholders need additional funds, they can also apply for a line of credit without having a full-time job. This feature makes it easier for freelancers to obtain additional credit with fewer requirements.

Services and Protections

As part of its security features, Oxygen allows cardholders to freeze card activity at any time within the mobile app. So, if you suspect your card information has been stolen, you can easily prevent any fraudulent activity from occurring in a few taps. 

Oxygen also can create single-use virtual cards to mask the information of cardholders. This prevents any card information from being leaked in case of a breach at certain stores. So, if security is one of your biggest concerns in a card, the Oxygen Visa Debit Card is a great option for protecting your information. The single-use credit card will keep cardholders protected at thousands of online stores.

Lastly, Oxygen includes a useful way for cardholders to track expenses in the mobile app. By taking a picture of receipts and classifying the expense, cardholders can monitor their spending habits and adjust their budget accordingly.

Cautions

While an important feature of this card is that it doesn’t come with monthly fees, cardholders may still be charged a 1% foreign transaction fee on purchases. So, cardholders should beware of this foreign transaction fee before traveling abroad. In addition, this card doesn’t allow members to deposit foreign currencies, so cardholders should also keep that in mind.

Conclusion

The Oxygen Visa Debit Card is ideal for freelancers and entrepreneurs looking for a flexible way to bank. With just a few taps, cardholders can monitor their spending habits, freeze any suspicious card activity, and generate single-use virtual credit cards for online shopping. In conjunction with no monthly fees and no overdraft fees, the Oxygen Visa Debit Card’s rewards program allows cardholders to save money on common purchases. For anyone looking to use a debit card with certain credit card features, such as taking out a line of credit, the Oxygen Visa Debit Card is a strong option to consider.