Review of the First Vineyard Prepaid Mastercard

Summary - The First Vineyard is a prepaid credit card that has a true multi-level referal plan that will appeal to those looking to get involved network marketing with a credit card product. Let us look at its compensation plan.

Referal Compensation System - With the First Vineyard, you will earn referal fees from the referals you make and also from the dollars they spend on their card. When you first refer a friend and he or she becomes a cardholder, you get $25.00 as a referal fee. You will also earn fees from the dollars they spend on their card. Aside your referrees, you will also earn fees from those above your "compensation tree" . First Vineyard also adds new cardholders into your "compensation tree" so you can earn more.

To qualify for compensation, you first need to get three new cardholders to activate their account. Secondly, you need to achieve a personal group spending volume (PGSV) of $1000. This PGSV includes yourself and two other personal referals who do not yet qualify for compensation. The more personal active referrals you have, the more members of your compensation tree you'll be qualified to receive compensation on. Below are the levels :

3 - 4 personal active referrals = compensation up to level 4 (780 people).

5 - 9 personal active referrals = compensation up to level 5 (3,905 people).

10 - 29 personal active referrals = compensation up to level 6 (19,530 people).

30 - 69 personal active referrals = compensation on levels 2 Ð 7 (97,650 people).

70 - 100 personal active referrals = compensation on levels 3 Ð 8 (488,275 people)

For each level you qualify to receive compensation on, you get 7 basis points (or .0007) times the total spending on that level.

Furthermore, First Vineyard has an online store called the First Vineyard Marketplace. When you use your card for purchases here, you will earn cash rebates as well. When you shop online at the FV MarketPlace, a portion of each sale is not only returned to the members, but a portion is placed in the First Vineyard MarketPlace Pool. Each month, the sum is divided evenly among qualifying First Vineyard members. Qualifying is simple: you automatically qualify if your First Vineyard Personal Group had $50 or more group FV MarketPlace spending last month.

Fees - The First Vineyard also has very reasonable fees. The one-time processing fee is only $39.95. The monthy mainanence fee is $6.95. Unlike many prepaid credit cards, there is no fee for direct payroll deposit, money or cashiers order, paypal and ACH Direct transfers. It has very good online account management systems which includes Click n Pay, a service that lets you pay any bill via the card.

Verdict - Those who are serious about earning extra income via referal fees should consider the First Vineyard MasterCard Card.

Positives

Earn referal fees

Low Fees compared to other prepaid cards

Negatives

Cannot build credit history with this card

First Vineyard Prepaid Mastercard
Benefits
Free Online Web Access Free live agent customer service Free cash transfer via payroll direct, Money order, cashiers checks, paypal
Cost/Fees
Annual Fee	$No annual fee
Monthly Maintenance Fee	$6.95
One-time Processing Fee	$39.95
Transaction Fee (Point of Sale)	No transaction fee
Foreign Transaction Fee (Point of Sale)	$0.50
ATM Withdrawal Fee	$2.00 ($500.00 daily limit)
Daily Spending Limit	$2,500
Payroll Direct Deposit Fee	FREE
Money Order/Cashiers Check Deposit Fee	FREE
Paypal Deposit Fee	FREE
ACH Direct Deposit Fee	FREE
Electronic Fund Transfer (Trial Status)	$3.95
Electronic Fund Transfer (Confirmed Status)	$1.95
In-Person Payments	$3.95
Bank Wire Transfer	$4.95
Western Union SwiftPay	$5.95

Apply for the First Vineyard MasterCard^® Card