No it's not multi-level marketing or a pyramid program, but it's a way to get cash flow by getting your friends and family to sign up and use a new credit card. The new "Eufora MasterCard" creates an incremental income opportunity for cardholders through an innovative agent referral fee program. The new card offers three levels of membership: "Associate" ($29.95), "Preferred" ($59.95), and "Elite" ($99.95), each with its own distinct set of member benefits. Eufora cardholders can earn $200, $500, or $900 per year respectively, for every 10 approved new cardholders they refer. Cardholders continue to earn annual income for as long as they and their referrals remain in good standing. Start-up referral kits are provided free to approved new cardholders and additional marketing materials can be purchased online. For cardholders who own or operate Web sites, the Eufora Card offers a variety of free banner ads to help with marketing efforts. The card is available as a credit card or, to sub-prime consumers, as a prepaid card. Unsecured credit lines are issued up to $20,000, with an intro APR of 1.9% for five billing cycles, and a rate of 9.99% thereafter. Eufora is also offering a "Monthly New Car Sweepstakes" for its cardholders. For more information visit: www.EuforaCard.com.
That would be fine IF you have MANY business associates, friends, and family that SPEND TONS OF MONEY ON CARDS, AND ALWAYS PAY ON TIME!!!
The problem with these is that all the marketing money and all the assistance provided by the company goes into bringing in new people, not in servicing the credit card. If you have a problem with the card and send them an email, they will refer it out to someone who calls trying to recruit you to sell cards for them. It is impossible to get an answer to actual card problems. If you call customer service, they don't have any answers for you, but will sell you marketing material to recruit others. Think about the worst credit card service out there and multiply it by ten - that's what you get with these guys.
I, personally would do an AMEX or DISCOVERCARD CASH BACK PROGRAM, or a MILEAGE CARD...this card is to much contingent on others spending, NOT JUST YOUR OWN...
IF THE PEOPLE UNDER YOU DON'T SPEND ENOUGH, YOU SUFFER...(you only get paid if the people UNDER you charge) SMELLS LIKE A MLM~~~ MIGHT BE BETTER TO USE... DISCOVERCARD AMEX CASH BACK AASILVER AAGOLD UNITED VISA AMEX DELTA SKY-MILES many others...
I don't think Ron was advertising I think he may have been either poking fun at or passing on an interesting read. I *think* if he were advertising the site would have been www.euforacards.com/Ron..... know what I mean?
Why would you contrue Ron's informative posting as an advertisement? My, my jr., Ron has always given participants in this board good information on new credit card offerings. I hope he continues to do the same!!!! H
Well, my my my BigH, In my stupidity, I didn't take the time to notice that it was ron who was posting. Had I realized that, I certainly wouldn't have jumped to such a conclusion. ron, sorry about the mix up bud, you're a well respected member of this board. BigH, let's not see you making a mistake out here
