FoundersCard

FoundersCard Review

In Blog by Jerad Hill6 Comments

I have now been a Founders Card member for three years and it keeps paying off every year I renew. Everything in my original review still stands and I keep taking advantage of offers when I need them. Since writing this review in 2005, I still enjoy my Founders Card. I have added a few updates to the review below. Keep in mind that I did not write this review at the request of Founders Card nor did I receive anything up front for writing this review.

The name Founders Card sounds pretty inviting. I mean, I have founded a couple of companies so shouldn’t I have a card that says “Founders Card” on it? When Founders Card first launched, the price was high and the perks were ok. I began the signup process but never pulled the trigger. I watched as other entrepreneur friends on Twitter signed up and had mixed reviews, so as I do with things I am unsure about, I waited.

I have 20 invites available which will get you your own Founders Card for $495 instead of the regular $595/yr. price. Use this link to sign up: https://founderscard.com/membership?code=FCJERAD425

After a couple of months went by, and a few dozen perk announcement tweets from Founders Card were posted, I decided that it was time for me to sign up. They had just added Hilton Honors and Virgin America perks, both are companies I do a lot of business with. Getting instant Hilton HHonors™ Gold Status Membership and a variable discount on flights with Virgin America was enough to justify the cost of joining. I was able to obtain a referral from a friend who was a member, so at $495 it was well worth the investment. Update: I have also renewed my membership each year. I was offered a special deal to renew my membership for two years last year, so I took advantage of that. Savings on Virgin flights continue to add up.

Since receiving my Founders Card Membership early October of 2014, I have used many of the perks. A rough calculation showed that I had saved about $1250 over a 4 month period. Let me explain how that happened.

The first was a discount I received on Apple products. I purchased a new iPad and Macbook Pro laptop. The discount at the time was roughly 20%, I believe the normal discount for Founders Card Members is 15%. 15% is still a huge discount considering Apple never runs deals. I already have a business relationship with Apple that would on average net me about 10% in savings depending on what I was buying and how much of it, so I welcomed my new level of discount as we use Apple Computers and tablets in my office.

I also went right ahead and signed up for the Hilton HHonors Gold Status, which was easy to add to my already existing membership. Later that week I had to book a room for a conference I was attending and was able to get better rates on the room and have access to the special floor available only to Hilton HHonors Gold Status customers.

Update: I also added a Hertz Rental Car Gold Membership and discount that cost me nothing but I get the perks of walking up to my car without having to go to a window. I also get an average of 15% off rental rates.

There are many fantastic lifestyle brands that offer nice discounts such as a company called AIAIAI that makes headphones. I saved 30% off a pair of very nice earbud headphones that were normally $80. The next time my wife and I go somewhere fancy, I plan to use the 20% Rent the Runway discount. My wife and I both love Hotel Vitale in SF and have stayed there many times. Now we are able to get better rates.

For business purposes, I now get 32% off shipping rates with UPS. I signed up for CLEAR, which makes it easier for me to get through TSA at SFO, which is my nearest airport. I also signed up for Zipcar because of the discount. I had never needed it often enough in the past to make a membership worth it, the discount makes it worth it. I used that for my first time in Seattle last fall.

As you can see, I have taken advantage of quite a few perks. There are many perks that I do not need or that would be nice to use should I feel like treating myself to something. I joined Founders Card because I knew it would cost me more money not to have it. I was unaware of just how much value I would end up deriving from it.

So is Founders Card for you? To be honest, you don’t have to be a founder of anything. You just have to think like a founder, which means being resourceful. If in the next year you plan to buy an Apple product, fly on an airplane, stay at a hotel and rent a rental car, just once, the cost of the card is worth it.

Once again: I have 20 invites available which will get you your own Founders Card for $495 instead of the regular $595/yr. price. Use this link to sign up: https://founderscard.com/membership?code=FCJERAD425

Comments

  1. This is just a big scam. Automatic renewal and billing after trial periods is always a concern to me but if it’s worth it who cares, but here when I cancelled before the trial period ended and they said it was taken care of and then they later billed me and are refusing to honor the cancellation they told me was done. What real company would even care to dispute that, let alone go out of their way to scam someone over a couple hundred bucks?

  2. Author

    I understand your concern, Gabriel. I just renewed my membership for another year. It has been worth the cost. I have saved so much on flights, getting extra perks like Silver Status with Virgin America and getting Gold status with Hilton. If you travel often, this card is a must. I have also made a few other purchases on products that members are given a discount on. If the full cost each year was $795, I would have to really think about it, but at $395, it’s a no-brainer.

  3. I believe there is a one time initiation fee? How much would that cost?

  4. There is a one time initiation fee, it’s US$95

  5. Author

    You can usually always get that waived, especially if you don’t sign up right away after putting your details in.

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