Eufora Prepaid MasterCard with Credit Builder – Elite Level

The Eufora Prepaid MasterCard is a prepaid credit card that gives you the same access as cash but with the benefits of credit. This card is exclusively for those who would not normally get approved by another credit card because of bad credit, no credit, or poor credit. But the Eufora is not like other traditional pre paid credit cards or bad credit credit cards. It has many benefits that traditional credit cards do not have. Read through this Eufora credit card review and then either submit a secure Eufora credit card application by clicking on the apply button at the top of this page or use our credit card finder to compare many cards!

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Eufora Prepaid MasterCard Benefits

Prepaid credit cards require the card holder to deposit money onto the card. This can be done through direct payroll deposit, at retail locations, or through bank wire transfers. Once a deposit is made, the card can be used just like a credit card. When you need more money to spend, simply make another deposit onto your card.

Prepaid cards are a good way to rebuild credit or establish credit. If you have a poor credit history or have a bankruptcy in your past, you may not be able to receive a traditional credit card. With the Eufora card, you can choose the option to have your credit activity reported to credit bureaus thus re-establishing credit (click here to get a free credit report and free credit score with sign up for a credit monitoring service).

This Elite Level card reports to all the major credit bureaus as to your balance, payments, late fees, and other credit information. By reporting to the major credit bureaus, you will begin to build a credit history or reestablish credit. It is very important to use your card wisely and responsibly. Both your positive and negative credit decisions are reported to the bureaus. There is a $10 monthly fee for the information to be reported.

This card also gives you cash rewards allowing your to earn extra cash while managing the cash you apply to the card. The cash reward program has rules and regulations that must be followed to receive your cash benefits. These regulations are given to you when you apply for the credit card. The cash back rewards features of the card is one of its strong points as it is very rare to have a prepaid card that also falls into the cash back rewards credit card category.

Additional benefits include Internet account information, unauthorized transaction protection, lost and stolen card coverage, identity theft insurance, auto rental insurance, purchase protection, and travel accident insurance. For people who qualify for this card, the $99.95 advanced deposit fee is waived when certain eligibility requirements are met.

Eufora Rates, Fees, and Limits

As with most prepaid credit cards, there are fees associated. This is because those applying for prepaid credit cards usually have no other option to build up credit or restore bad credit. The annual fee for the Eufora MasterCard is $99.95 per year. This fee is waived at certain times when a promotion is in place.

Additional fees include $2.00 per ATM transaction. To put money onto the card there are fees associated at well except for payroll deposits which are free. Reloads done at retail locations cost $5.95, reloads done through bank wire transfers cost $13.00, and all other reloads are $1.00 per transaction. After 90 days of inactivity, a $2.00 monthly fee is charged until the card is cancelled or used again.

The credit limit that is set for you will depend on several factors including income, past credit history if any, and age. The minimum credit limit is $5.00 and the maximum credit limit is $5,000. To begin using your card a $10 deposit is required. The maximum deposit over the internet is $300 but up to $5,000 can be deposited other ways. It is free to apply for this card.

Eufora Credit Card Rewards System

This prepaid card pays you to tell friends and family about the card. As a member, you can refer others to the card. If that person signs up and stays in good standing, you will receive a $90 payment. This is for the Elite Level only. For the Preferred level, the referral system still works but the payment is $50. For those who refer someone at the Associate level the payment is $20.

There is no limit to how many friends and family members you refer. Money can be earned for as many referrals who follow through to become members. This is a great way not only to build your credit history but to earn extra money as well.

You may still be deciding if the this prepaid option is right for you. After all, there are many different prepaid cards to choose from. The best way to find the right card for you is to compare the rewards, rates, fees, and benefits of many cards. Using our free online comparison tool is the most efficient way to do this. Compare prepaid and all other types of credit cards with our free credit card finder now!

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Disclaimer: This content is not provided or commissioned by American Express, Visa, MasterCard, Discover, or any other credit card company or issuer. The opinions expressed here are the author's alone, not those of any credit card company or issuer, and have not been reviewed, approved or otherwise endorsed by any credit card company or issuer. Credit Card Chaser may be compensated through various affiliate programs with advertisers. As always, Credit Card Chaser is an independent website commmitted to helping people research credit card offers and find the best credit card!

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