TULSA, Okla.—One company said it has launched an “alternative to big bank credit cards.”
Zerocard, offered by The Zero Card, LLC, is a credit card that provides a "debit-style experience" and 1% to 3% cash-back rewards for cardholders, the company said.
Cardholders must have a Zero checking account with the fintech to qualify for the credit card.
“The card gives you all the benefits of a traditional credit card—access to a line of credit, cash-back program and a chance to build credit—while encouraging you to spend within your means thanks to the debit feature,” said CNBC.
The debit-style feature can be turned on and off at any time via the Zero app.
“When this feature is turned on, the credit limit of your Zerocard is equal to the amount in your Zero checking account. This is similar to a secured card,” noted CNBC.