Randomly I was on Facebook and saw this ad for a credit card that pays you to refer others.
Definitely sounded interesting. People were already spamming that Dosh app for the $15 referral, I decided to take a look.
So what is Vital?
VITAL is the credit card that pays you to share. Get paid cash forever for each person you sign up. Plus earn 1% cash back on all transactions.
Who are they?
Sounds Good? But what are the details?
Do you have to apply for the card?
What FICO score do you need?
Is this a cash back card?
What are the benefits?
How does Vital work?
- Joe signs up, picks his card color & immediately
starts earning 1% cash back
Joe discovers VITAL and decides to join the VITAL
community. Upon signing up, Joe pick’s his VITAL Card
from 4 beautiful aluminum card designs: Space Gray,
Matte Black, Gold and Rose Gold. The second Joe gets
his card he immediately starts earning 1% cash back on
all of his transactions.
- Joe begins to share VITAL & grow his VITAL Score
Now that Joe joined VITAL, he also has an opportunity to
start earning cash rewards. A direct sign-up on VITAL
earns Joe 4 points towards his VITAL Score, but Joe also
gets points for everyone his friends sign-up (2 points for
second tier sign-ups) and even the people they sign-up as
well (1 points for every third tier sign-up). VITAL
measures and rewards Joe’s social network 3 tiers
out. VITAL is all about sharing, the more you share VITAL
with friends, the more your VITAL Score grows, the more
cash rewards you earn each month, forever.
- Joe shares with Samantha
Joe decides to send a text message using his unique
referral link to his best friend Samantha, encouraging
her to join VITAL. Joe knows Samantha will love the rose
gold card, 1% cash back on spending and cash rewards
forever for each person she signs up to VITAL, because
he knows Samantha loves the color Rose Gold and
- Samantha joins VITAL
Samantha visits VITAL’s website and falls in love with
the card design. She decides to sign up. Joe is excited
because his VITAL Score grows by 4 points when
Samantha joins VITAL.
- Samantha shares VITAL and Joe is also rewarded
Joe continues to share VITAL with his other friends, but
now that Samantha is on VITAL she also starts sharing
with her friends. The great thing for both of them is
VITAL keeps track and rewards them for everyone they
sign-up to the VITAL community. Not only does Joe get
credit for his friends like Samantha (4 points for every
direct sign-up), but he also gets points for everyone
Samantha sign-ups (2 points for second tier sign-ups)
and even the people they invite to (1 points for every
third tier sign-up). Remember, VITAL measures and
rewards Joe’s social network 3 tiers out.
- Joe, Samantha, and every VITAL member use their
cards to buy stuff, which generates rewards
Every time Joe and other VITAL members use their cards,
1% of the transaction comes back to them in the form of
cash back and 1% of the transaction is deposited into the
Cash Rewards Pool. This is how VITAL funds the cash
rewards that are paid out to every VITAL member at the
end of each month based on each members VITAL Score
- Joe earns cash rewards from sharing VITAL
It’s now the end of the month and Joe’s VITAL Score has
grown even more because he’s been able to get 4
friends, including Samantha to join VITAL. Since VITAL
also credits Joe for everyone his friends signed up and
everyone they signed up, Joe was able to grow his VITAL
Score to 112 points. VITAL takes everyone’s score at the
end of each month, adds them up and then pays out
each member their piece of the total pie. This month Joe
earned $210 in cash rewards. Moving forward as long as
everyone in Joe’s network keeps using VITAL he’ll
continue to make $210 per month. If Joe grows his
VITAL Score, his cash rewards will increase
- Joe gets paid rewards and decides to donate
At the end of each month Joe’s cash rewards and cash
back on his spending are paid out. This month he earned
$210 in cash rewards and because he loves animals, he
decides to donate $100 to the Humane Society directly
(March 17, 2018). How Vital Works [Website]. Retrieved from https://www.vitalcard.com/assets/how-vital-works.pdf
When I started sharing the card, most people were skeptical. Sharing an app that pays you verses, applying for a credit card you may or may not get approved for. Plus the hard hit on your credit.
But I do feel like its a good idea. You can’t apply for the card until late 2018, but you can start getting points and earning cash now. If you’re interested and want more information my link is below. (Yes, I do get points)
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