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« Be careful whom you trust | Main | A new wrinkle in the debate over daylight savings »

July 23, 2005

Multilevel Marketing for Credit Card Rewards

Colloquy reports on a new program in the United Arab Emirates where cutomers receive a 1% rebate on their spending and a 1% rebate on the spending of everyone they refer for the credit card.

I haven't seen anything like this in the U.S. (though there are certainly one-time referral bonuses for getting someone to sign up for a card) but I certainly expect to.

Posted by gleff at July 23, 2005 5:26 AM

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