myreviewlist.com

Freecardmatrix.com, or Free Card Matrix, LLC is a corporation located in Delaware. The main focus of the business enterprise is to offer businesses a reliable credit card that will benefit a network of associates.

The basic multilevel marketing plan of freecardmatrix.com is to sign people up in the plan and build an organization involving several levels of associates. The basic selling point of the business is that the credit cards it offers are no fee cards, so there is no selling or purchasing involved. The company offers a 10-level referral plan. Basically, for each person you refer you collect ten dollars. For each person in your down line levels two to four, you receive two dollars. For each person in your down line level six to ten you also receive two dollars. At level five you get an incentive bonus of five dollars.

However, the company advises that there are ?acquisition costs? for signing up new cardholders, from which commissions are paid. I was unable to locate on the company site exactly how much those acquisition costs are.

I was unable to locate many complaints about the freecardmatrix.com program. However, I can see a potential for scam and identity theft. Even if the company owners themselves are 100% reputable, there are multiple levels of people asking for personal information as they recruit new people. It would be way too easy for some of the sensitive personal information to end up in the hands of the wrong people. That is the main reason I would never consider signing up with this business.