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Eufora™ Associate Prepaid MasterCard®
The Eufora™ Associate Prepaid MasterCard®, issued by BANKFIRST, is a stored value card designed for people with
fair, poor, bad, or no credit history and would like to earn income by referring others.
Eufora™ Associate Prepaid MasterCard® offers a unique income opportunity for cardholders. Each time a cardholder refers a new
applicant to any Eufora™ MasterCard® card level, that cardholder will earn $20 per year if the referred applicant is approved and
maintains their membership in good standing.
A major drawback is that the cardholder only earns “commissions” for referrals at the Associate level, even if the referral is
for a higher level Preferred or Elite card. These two higher earning levels have higher annual fees, but offer more benefits and
opportunity for increased income, as the referral fees are considerably greater (see our reviews on the Eufora™ Preferred Prepaid
and Elite Prepaid MasterCard®).
In addition to the referral program, for every $100 spent cardholders automatically receive one entry into a monthly drawing for
one of thirty featured cars.
The annual fee for the card is $29.95 per year and there are no participation or application fees, which are usually associated
with stored value cards.
In order to use the card, cardholders need to first make a deposit in advance for a set amount (ranging between $5 to $5,000 per
deposit), which determines the amount that can be spent on the card. For instance, if an individual were to deposit $100, they
could only use up to $100 of credit for future purchases (there is a maximum of $5,000 that can be held in the account at any one
time). Funds may be loaded onto the card through an existing checking or savings account ($300 maximum), money orders, bank wire
transfers, payroll direct deposits, or retail locations. Eufora™ may also load the card directly from earned referrals (subject
to their terms and conditions).
So in the first year, a cardholder can expect to pay a total of $29.95 in fees, which is very reasonable for this type of card
(this does not include any reload or penalty fees). An additional card can be provided for the account for a fee of $9.95.
Therefore, those who are looking for a stored value card with which they can pay in advance for purchases and would like an
opportunity to earn extra income will benefit most from what the Eufora™ Associate Prepaid MasterCard® has to offer. However,
applicants may want to consider applying for either the Eufora™ Preferred or Elite MasterCard®, as the potential revenue far
outweighs the difference in the annual fee.
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