Can You Make Money Giving Away Credit Cards?

Can You Make Money Giving Away Credit Cards?
Can you make money giving away credit cards? Giving away
credit cards is the basis of a brand new type of home based
business. Some features that make this business stand out
are that it is not multi-level marketing (MLM), you don't
have to do any cold-calling, you don't have to sell
anything you don't have to make a monthly purchase or pay
fees to remain a member of the business, and you don't have
to recruit other people into the business to make money.

So, back to the original question: can you make money
giving away credit cards? I'd like to show you the answer
by asking you to consider these, three questions:

1. How many people do you know who have at least one
credit card?

2. How hard do you think it must be to get along without a
credit card?

3. How easy do you think it would be to give a credit card
to someone who wants one?

Nowadays practically everything we pay for calls for a
payment card of some kind. Things that spring to mind are
restaurant bills, purchases made online, vacation bookings,
clothing purchases, grocery bills. Checks used to be an
option but they are no longer accepted in many places;
paper has been replaced by plastic for most everyday
purchases. It is easy to see that credit card transactions
offer a method of payment which is convenient to both the
seller and the spender.

Most people who use a credit card own more than one card to
enable them to get the maximum interest-free period on
their purchases. Some people make a habit of changing to a
different credit card company whenever there is a special
offer such as a low interest rate, or a favourable deal on
balance transfers, or some other promotional deal.

Other people who will be on the lookout for a credit card
are those who have been refused credit. This might happen
to people who have previously run into trouble with a
credit card company during a period of unemployment.
Students and graduates who have no credit history find it
hard to find a credit card company willing to offer them
credit facilities.

The most unfortunate group of people who can't get a credit
card when they need one are victims of identity theft (also
known as identity fraud). They can find that they have
been blacklisted for credit even though they are completely
innocent of any crime. Once adverse credit references get
into the system, it can take years for a victim of identity
fraud to have their records corrected and their credit
lines restored.

Anyone who doesn't have a credit card (for whatever reason)
is limited to carrying sufficient cash to cover any
purchases they might want to make, or to using a cash card
to have the money taken straight out of their bank account.
Carrying large sums of cash is never a good idea because
it is unlikely to be recovered if it gets lost or stolen.
Cash debit cards are fine as long as you have enough money
in your bank account to cover your spending; debit cards
take away any possibility of deferring payments for anyone
on a tight budget who needs a little leeway to juggle funds.

There is no doubt that credit cards are an in-demand
product and it is easy to see how a home business based on
giving people what they want is almost bound to be
successful. With comparatively little effort, and working
part-time it is possible to earn a healthy monthly income
from giving away credit cards.

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To learn more about making money giving away credit cards
visit Elaine Currie's Work At Home Directory at
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ideas while you are there, pick up a free copy of Ezine
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