Make Money and Rebuild Your Credit with a Prepaid Credit Card (cont.)
Contributed by Deb Powers
With a First Vineyard Stored Value card you can earn either 1% rebate on all your purchases, or you can earn referral income for anyone that you refer to the site who becomes an active member. By using the 'invitation' feature on the First Vineyard web site, you can 'refer' other members to First Vineyard. If they become an active member, you'll earn $25. Once you have three referrals, and the total amount spent among your referred accounts reaches $1000 annually, you're eligible to receive cash rebates totaling a percentage of sales charged on their cards.
Earn money AND build your credit with a prepaid credit card.
At least one family of prepaid credit cards offers a combination of credit rebuilding AND income opportunity to its users. It's a perfect solution for a webmaster who can generate leads and refer others from his web site.
Eufora Associate, Preferred and Elite prepaid master cards
Eufora Prepaid Master Cards, issued by BankFirst are prepaid credit cards with varying levels of membership benefits for different fee schedules. They share a common structure - you pay an account setup fee, and a monthly membership fee to use your card like you would any other prepaid credit card.
There's a rather low $100 a day load limit (how much you can add to your credit card's available balance) for payments made online, though that's increased to $2500 a day for money order or check deposits. The big difference is in the referall payouts. You can earn from $200 to $900 for each ten applicants that you refer to the site who are approved for membership.
In addition, for a signup fee and a small monthly fee, FirstBank will make monthly reports to credit agencies about your balance and payment history, making it a good way to rebuild your credit history if nothing else is available to you.
