New York, NY
Founded in 2017 by Ultra High Net Worth Portuguese business entrepreneur Edgar Costa, ECOJETS offers members a VISA or MasterCard debit card. Members get credits posted to their debit card off of guaranteed hourly rates up to 35% for each trip. They can then use the credits for purchases anywhere the debit cards are accepted. Pay as you go programs start with a $20,000 deposit. Recently Costa became the subject of fraud allegations related to the bankruptcy of a hotel in New York. As of December 2018, the website was no longer working although Costa claimed he was merging with another company.
There are no initiation or membership fees, however, a $20,000 deposit used against future flights is required to activate your account
Pay as you go begins with a $20,000 deposit against flight hours