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Credit Card Reviews » Eufora™ Elite Credit Builder Prepaid MasterCard® |
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In-Depth Credit Card Review: |
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If you have a bad credit history, or are looking to establish your credit for the first time, a Eufora® Elite Credit Builder Prepaid MasterCard®, issued by BANKFIRST, can be your ticket to the credit you've always wanted. This prepaid card gives you the opportunity to build or repair your credit, and earn money for referrals at the same time.
The Eufora® Elite Credit Builder Prepaid MasterCard® is a prepaid card that provides unique benefits to its users. This card gives you the opportunity to supplement your income with earnings received for referrals. Every time you refer a new applicant to this card, you will earn $90 per year, just so long as the new applicant is approved and stays in good standing.
If you refer a new applicant to the Eufora® Preferred MasterCard®, you will earn $50 per year, and if you refer them to the Eufora® Associate MasterCard®, you will receive $20 per year. As a referring Eufora® Elite Credit Builder Prepaid MasterCard® user, you can help get the people you know in touch with a card that can help them get on track to good credit, and earn money for yourself at the same time. What more could you want from a prepaid card?
Not only does this prepaid card give you the chance to earn money, but it also comes with exceptional benefits and very reasonable fees. There is an annual fee of $99.95 each year, but, unlike most prepaid cards, this card carries no participation or application fees, making it highly affordable. In addition, as a Eufora® Elite Credit Builder Prepaid MasterCard® user, you will automatically get great user benefits, like purchase protection, auto rental insurance, and up to $200,000 in travel accident insurance. As if that isn't enough, your name will also be entered into a monthly drawing for one of thirty featured cars, for every $100 you spend.
To use this card, you simply have to deposit the amount that you would like to have applied to the card from your checking or savings account, by a money order, a bank wire transfer or payroll direct deposit. If you want to maintain good standing with you card in order to build or repair your credit, this card offers a reporting service, so that your progress is tracked by a credit bureau. This service has an initial processing fee of $19.95, and costs $10 per month for your first year and after the first year, no fee will be charged. With these great benefits and convenience, there is no easier
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| (Review Updated: January 28, 2008) |
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n/a Intro APR (* see notes for details)
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$99.95 Annual Fee
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| Finance Configuration: |
| Additional Cardholders: $9.95 |
| Late Payment Fee: |
| Over-The-Limit Fee: $29 |
| Cash Advance Fee: $2 for ATM transactions |
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| Minimum Credit Limit: $5 |
| Maximum Credit Limit: $5,000 |
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| Type of Reward: None |
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| Additional Features for Eufora™ Elite Credit Builder Prepaid MasterCard®: |
Various Internet account related services.
For every $100 spent on the card, the cardholder receives an entry into a monthly drawing for a free car of their choice from a selection of 30 cars.
No liability for unauthorized transactions.
Lost and stolen card reporting.
Purchase protection.
Identity theft insurance.
Auto rental insurance.
Up to $200,000 in travel accident insurance.
Access to Eufora Credit Builder to report monthly installment loan payment history to credit bureaus for an additional monthly fee of $10 ($120 annually).
See website for additional benefits. |
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| Important Notes for Eufora™ Elite Credit Builder Prepaid MasterCard®: |
**Maximum deposit when using a checking or savings account through the Internet is $300; when using any other method the maximum is $5,000.
Elite cardmembers will earn $90 per year for each approved Elite MasterCard® referral in good standing, $50 per year for each approved Preferred MasterCard® referral in good standing, and $20 per year for each approved Associate MasterCard® referral in good standing.
See website for complete terms and conditions of card usage and application disclosure. |
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| Notes: The review on Eufora™ Elite Credit Builder Prepaid MasterCard® was updated on January 28, 2008. The review is believed to be accurate during the update, however, information posted may have changed since the update.
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