A Secure Credit Card Based on the Value of Your Car
Been Turned Down for a Credit Card, But Own a Car? Yendo Can Help
Freeway Insurance and Yendo Offer a New Way to Get a Secure Credit Card
Have you been turned down when you applied for a credit card? There are many reasons people get turned down for a credit card, but having one and using it responsibly are necessary for building up creditworthiness. In today’s society, everybody needs a good credit score to access important benefits and basic living requirements, such as:
- Buying or renting a home
- Buying or leasing a car
- Setting up services such as electrical and phone
- Even getting a job!
It’s a real Catch-22. Good credit is an essential component for just about everything, but you cannot get the things you need to establish good credit without already having good credit!
But Freeway and our partner Yendo are here to change all of that. If you own a vehicle, you may be able to get a credit card and start establishing good credit right now. The best news is there are no credit checks and access to up to $10,000 in credit.
What is Yendo?
Yendo is the world’s first vehicle secured credit card. They provide an affordable, fixed rate Mastercard credit card with limits up to $10,000, based on the value of your car. They won’t be checking your credit score and applying only takes a few minutes. You can get access to your new credit card the same day.
Freeway Insurance is proud to partner with Yendo to Offer a Vehicle Secure Credit Card
Signing Up for a Yendo Card is Simple
The process of signing up for a Yendo credit card is easy. There are only 3 steps:
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1Pre-approval – Simply fill out a brief online questionnaire. When you receive pre-approval, you can move on to step 2. -
2Get your car verified – Submit a photo of your car and your title. Once your car is verified and Yendo receives your title at one of its 93,000 partner locations, you’ll be able to access your new credit card. -
3Start using your card and building your credit. Use the Yendo app to help you track your usage and payments. Start building a positive credit score future!
The Benefit of Good Credit
Once you have your new card, you can start using it to establish or improve your credit score, which will result in many benefits.
- Lower Interest Rates on Car Insurance, Loans, Credit Cards
- Increased Housing Options
- Ability to Get a Cell Phone
- Look Better to More Employers
Let’s face it. Having a good credit score opens many doors that may have been closed to you before. It’s time to start taking control and making positive decisions for your future.
What are the Requirements for Getting a Yendo Credit Card?
Yendo is designed to offer a line of credit to those who need it most. There are some requirements to be eligible, including:
- Have a social security number and a valid email address
- Be at least 18 years old
- Live in one of the 50 states, D.C. or a U.S. military location
- Have a smartphone
- Have a valid ID, own your vehicle outright and have a title listing you as the owner
- Own a working vehicle from year 1996 and newer
What is the Difference Between Yendo and a Title Loan or a Payday Loan?
Yendo offers a low interest rate of 24.99% APR. That’s compared to a typical title loan or payday loan, which can charge up to 300%. If you pay your balance in full every month, you won’t be charged any interest.
Additionally, you’ll be building up your credit every month. With Yendo, you’ll get fraud protection built in and valuable data that will help you make better financial decisions, such as how you are spending your money.
Find Affordable Auto Insurance with Freeway Insurance
Establishing good credit means potentially getting a lower rate on your insurance premium. At Freeway Insurance, we offer affordable rates for everybody, even those who have a less than perfect driving record. You’ll need insurance on your vehicle in order to qualify for a Yendo credit card, so reach out today for a fast and free online auto insurance quote, give us a call or stop by one of our convenient locations.