Non Traditional Lenders Introduce Rewards Programs
blue letter loans of a rewards program for loyal customers is not exactly new. Most retailers, credit cards, and E commerce websites offer some sort of points system. The points can be redeemed for discounts, two-for-one deals, or upgrades. A credit card company, for example, may offer airline miles for every dollar spent.
Programs are excellent marketing techniques because they both show appreciation to loyal customers while encouraging them to spend more money. It is brilliant and it works. It works so well that even non-traditional lenders are beginning to introduce rewards programs.
This term refers to direct lenders that provide fast loans with minimum requirements. The interest rates are high, but so are the approval rates. Many people who will not qualify for a bank loan, or do not have the time to complete the process, go online to apply for a fast cash loan. Some people find this avenue is faster and easier so they utilize it more than once.
To encourage repeat customers, non-traditional lenders, such as Blue Trust Loans, offer rewards cards that can be used to borrow higher amounts of money for longer periods of time, with slightly lower interest rates. These are called different names, but are typically the same for each lender. This lender calls the program Club Blue.
How It Works
Once a first time loan is paid back in full and on time, the customer receives a blue card. That level allows the customer to take out loans for thirteen-hundred dollars over six months. If that is completed twice, the next level is attained. In order to upgrade each previous loan had to be paid off in full and on time. blue letter loans raises the loan amount up to fifteen-hundred dollars.
Customer advance through four levels by successfully completing two loans at each level. The top level of platinum allows customers to borrow up to two-thousand dollars for up to a term of three-hundred days. This level is only possible at the eighth loan application. Hopefully, customers have followed recommendations on the website and created a realistic budget by this point.
No Expiration Dates
There are no time limits for any level so customers can take out loans at any time the need arises. It may take a couple of years to advance, which is not a bad thing. The program allows frequent customers to enjoy better terms, but does not require loans be completed by a certain date. Apply for the program free of charge on the lender website.