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Old 11-09-2001, 03:55 PM   #1
007
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Join Date: Jul 2001
Posts: 105
Default NextCard Announcement

Regarding Recent NextCard Announcement

We wanted to give you a heads up on the recent news from NextCard and let you know how these announcements will affect you as a NextCard Visa Affiliate. NextCard has announced that we have engaged Goldman Sachs to explore opportunities for the sale of the Company.

Here are some things you need to know:

NextCard has enough cash to honor its financial obligations to our Affiliate partners. You will get paid as you normally would. Checks and direct deposit payments will continue to be processed through CJ.com on their normal schedule. This includes all commissions for October 2001 and future commissions that you earn.

The current bonus and/or incentive commission programs in which you are enrolled will remain in place during November.

As of 10/31/01 NextCard has discontinued offering the NextCard Secured Visa. You will be paid for all secured card accounts generated prior to 10/31/01.

Beginning 10/31/01 NextCard is limiting approvals to applicants that have a FICO credit score of 680 or greater due to regulatory restrictions. For detailed more on this click here. This change will substantially decrease the number of Lite bookings and, to a lesser extent, the number of Classic bookings. There should not be any marked impact on Platinum bookings. All leads generated prior to 10/31/01 are not impacted by the changes.

You are an important business partner and we look forward to continuing our relationship. Please feel free to send in any more specific questions you have to the Affiliate Team at cjaffiliates@nextcard.com.

Sincerely, The NextCard Affiliate Team
cjaffiliates@nextcard.com
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Old 11-10-2001, 12:20 AM   #2
Czar

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Join Date: Aug 1999
Location: Gold Coast, Queensland, Australia
Posts: 9,506
Default

This is an off-topic side issue, but is worth mentioning being that Geek/Talk is vehemently opposed to Scumware/Theftware.

Anyway, Revenews recently reported on the discovery that NextCard is supporting scumware leader eZula by advertising through their unethical service. If such a major player in affiliate marketing continues to support the service, others in the industry may see that as endorsement/acceptance of contextual advertising in this industry, which would be very bad news for web publishers in general.

For more info:
http://www.freewebspace.net/forums/s...threadid=12792
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