Elevate Launches Prime Bank Card for Non-Prime Customers

Elevate Launches Prime Bank Card for Non-Prime Customers

Elevate Launches Prime Bank Card for Non-Prime Customers

Fort Worth, TX – Elevate Credit, Inc. (“Elevate”), a number one tech-enabled provider of revolutionary and accountable on line credit solutions for non-prime customers, and Capital Community Bank of Utah announced the launch of Today Card run on Mastercard. The nearly 160 million non-prime Americans who are too 500 fast cash loans app often overlooked by mainstream financial institutions as the first non-prime credit card with a full suite of prime features, Today Card will be issued by Capital Community Bank of Utah (“CCBank”) and will specifically help expand access to credit for members of the New Middle Class.

Today Card had been made with prime features to greatly help expand usage of credit for non-prime consumers with credit cards item that encourages accountable usage. Today Card provides a family group share function where customers can request extra cards with usage of a specified portion of one’s credit line, including alerts therefore the capability to turn a card on or off; this feature provides greater usage of more consumers that are underserved. Today Card now offers free credit history monitoring and a full-service mobile application along with custom purchase and fraudulence alerts.

“This is a fantastic product that is new Elevate and our customers,” said Jason Goldberg, Today Card General Manager.

“In combination with our higher level information analytics and underwriting capabilities as well as the mobile-first approach for the item, the brand new Today Card running on Mastercard includes features that as yet had just been wanted to prime customers. We’re excited to provide features that produce life convenient for genuine middle-class customers on the run. We provide the capability to always check your deals or stability, spend your bill through our mobile software, and sometimes even spend your bill by having a debit card.”

Card benefits include today:

  • Mobile very first experience – Available on iOS and Android os products, customers can pay and get a grip on their account through the mobile application and accept push notifications
  • Lines of credit up to $3,500
  • Prices as little as 29.99per cent (variable according to Prime)
  • Zero obligation fraudulence security
  • Fraud alerts and customized purchase alerts your way – through email, SMS, or push notifications through the app that is mobile
  • Family share function – For the ten dollars one-time charge per card, clients can get extra cards for nearest and dearest, turn the cards on / off, and designate portions of the line of credit to every individual
  • Credit rating monitor – Customers can see credit rating and month-to-month credit history

The pilot system has launched so when of today, a waitlist happens to be founded for customers to state curiosity about trying to get the card in the foreseeable future.

“CCBank is excited to partner with Elevate with this groundbreaking credit card product that is new. We pride ourselves on building partnerships with revolutionary organizations that provide customer-first, needs-driven services and products,” stated Mike Watson, CEO of Capital Community Bank.

Just last year, a PwC research unearthed that 82% of banking institutions want to increase bank and fintech partnerships.

Today, Elevate, CCBank, and Mastercard are causeing the a truth. The exact same research figured community banking institutions must find a method to make use of technology to compete in today’s market – Today Card running on Mastercard does exactly that.

“We are proud to be partnering with Capital Community Bank of Utah and Mastercard because of this brand new product, even as we believe fintech and bank partnerships would be the method of the near future and essential for fintech’s long-lasting success,” said Ken Rees, CEO of Elevate.

Within the Mastercard Inclusive Futures task built to deal with the requirements of those who frequently juggle jobs that are multiple adjustable paychecks and inconsistent advantages, Elevate previously announced a partnership with Mastercard in April 2018.

About Capital Community Bank

Established in 1993, Capital Community Bank is just a full-service, community-focused institution that is financial headquartered in Utah. CCBank prides it self on finding revolutionary methods to extend lending solutions to clients nationwide. The lender provides both revolving and financing that is installment, along with traditional customer and commercial banking solutions.

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