What can I use the card for? Can it be used for automatic, recurring charges?

You can use your True Link 529 Visa® Prepaid Card anywhere Visa is accepted, including online bill-pay. Your card can be used for anything; however, if you use the card to pay for something that is not a qualified expense, you’ll have to pay income tax on the earnings portion of the applicable amount withdrawn from your VT29 account, plus a 10% penalty on such earnings. 

The list of qualified expenses includes, but is not limited to:

  • Tuition

  • Housing costs

  • Textbooks and supplies

  • Computers and educational equipment

  • Student loans