The Eufora Bank is headquartered in Scottsdale, AZ and established in 2001.  It was one of the first banks to provide an alternative to traditional banking in the form of prepaid credit cards.  They had one of the most aggressive referral programs in the prepaid card industry.  They would offer close to $1000.00 if you were to refer and have approved 10 new cardholders. 

Their prepaid cards were very beneficial to people who were trying to build their credit and were having issues obtaining a traditional credit card. They had guaranteed approval with no credit check required.  They gained the reputation as being one of the best banks to use if you were trying to rebuild your credit, because of their bill payment reporting system. Cardholders were required to sign 2 year commitments to obtain a card, at the end of each year their payment histories would be reported to 3 different credit reporting agencies. 

The Eurofa Bank also offered traditional credit cards for those who were not interested in the prepaid cards.  They offered some of the best credit card rates available in the United States, and some of the best benefits.  In addition to the low interest rates they also offered various types of insurance, including travel accident and auto rental free to select credit cards.