Alas, not every good idea works out in the long run. Virgin Mobile is discontinuing its Stash prepaid Visa debit card. The card was launched last summer as a way for VM's youth market to be more empowered with spending options, as well as being able to earn airtime in the process. While it seemed like a good idea at the time, every $1 spent = 1 point, when you realize you need 500 points to get $4.50 in airtime, things start to go downhill. Also, with transaction fees as high as $1 a swipe, its no surprise that Stash simply fizzled.
If you currently have a Stash card, here's some important dates you need to know:
*New funds cannot be loaded onto the card past May 1st, 2007
*Purchases can still be made on the card until September 1st, 2007
*All balances left after September 1st, 2007 will be refunded via check
*Reward points need to be redeemed by September 11th, 2007
*A promo Card will be offered for 20% off of the Kyocera "Cyclops", UTStarcom "Slice", or the UTStarcom "Snapper"
If you currently don't have a Stash card, sorry, but new orders are not being accepted.
More information can be found at www.virginmobilestash.com
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