No, THAT Card is not a Pyramid Scheme. One of the hallmarks of an illegal Pyramid Scheme is that it promises large profits based on the recruitment of others to join the program. The money in these schemes is made by the mere act of recruiting new members. With THAT Card, you are not paid any money simply by recruiting additional Cardholders. The only way you can receive FriendSpend Rewards is if the Cardholders that you refer make non-PIN purchases using their own cards. A program in which there is no compensation for recruitment would not be a Pyramid Scheme.
Another indicator of a Pyramid Scheme is an exorbitant registration fee. THAT Card has an initial card purchase fee of either $0.00 to $3.99, which is well within the industry standards for prepaid card programs. For a full schedule of fees pertaining to THAT Card, please see the Cardholder Agreement. For more information regarding fee practices in the prepaid industry please see this report [hyperlink] published by Consumer Reports.