Credit Cards

Credit Cards That Use Plaid For Approval

Credit Cards That Use Plaid For Approval

In today's fast-paced and digitally connected world, many credit card providers are stepping up their game to make the approval process quicker and more efficient for consumers. One such innovation is the use of Plaid, a software platform that helps financial institutions and businesses connect users' bank accounts securely. In this blog post, we'll explore credit cards that use Plaid for approval, how they work, and the benefits they offer for millennial consumers looking to manage their finances more effectively. So let's dive in and discover why these game-changing cards might be perfect for you!

What is Plaid and How Does it Work?

Plaid is a platform facilitating the connection between banks, applications, and users through a secure and seamless interface. It allows businesses and financial institutions to access users' accounts, transactions, and other details in real-time to offer better services and adapt to their needs. For credit card approvals, Plaid simplifies and quickens the process by providing the necessary information conveniently without manually entering data.

Top Credit Cards Using Plaid for Approval

Several credit card companies have embraced Plaid technology to streamline the approval process. Some of the prominent names include:

1. Petal Card

Petal Card is designed for cardholders with limited or no credit history. The company uses Plaid for its approval process and connects directly to users' bank accounts. Petal Card offers a cashback reward program, no annual fees, and a mobile app for tracking your spending and account management.

2. Upgrade Visa Card with Rewards

The Upgrade Visa Card with Rewards is a combination credit card and personal loan offering. Using Plaid during the application process, they consider factors like income, employment, and cash flow to determine your creditworthiness. This card offers a rewards program, no annual fees, and a competitive interest rate.

3. Deserve Credit Cards

Deserve offers three different credit cards (Deserve Classic, Deserve EDU, and Deserve Pro) aimed at different consumer segments, including students, newcomers, and those seeking to build credit. They use Plaid to access the customer's banking information to speed up the approval process. These cards come with various benefits like cashback rewards, no fees, and free international transactions.

Benefits of Credit Cards Using Plaid for Approval

  • Quick and secure approval process: Plaid makes the credit card approval process much more efficient and secure, thanks to its real-time bank account connection.
  • Access for those with limited credit history: As these cards use Plaid to evaluate various factors besides the traditional credit score, they often better serve applicants who may not have a substantial credit history.
  • Competitive rewards and benefits: Most credit cards using Plaid for approval offer competitive interest rates, cashback rewards, and other attractive benefits for users, making them an excellent choice for those seeking a new credit card.

Credit Cards That Use Plaid For Approval Example:

Imagine you're a recent college graduate with limited credit history, seeking to start building credit. You come across Petal Card. Instead of relying solely on your credit score, Petal Card uses Plaid to connect to your bank account during the application process. They analyze your financial data, such as income, spending habits, and savings, resulting in a fast and accurate decision on your application. Once approved, you start using your new Petal Card, earning cashback rewards, and building credit history efficiently and responsibly.

By embracing Plaid technology, credit card providers are revolutionizing the approval process, offering a more inclusive and streamlined approach. If you're on the lookout for a new credit card, considering cards such as Petal Card, Upgrade Visa Card with Rewards, or Deserve Credit Cards might be a wise move. We hope this guide has been helpful in your credit card search, and we invite you to explore our other articles on Flik Eco for more personal finance and investment tips. If you found this post valuable, don't forget to share it with friends and family looking to make smart credit card decisions too!


About Jermaine Hagan (The Plantsman)

Jermaine Hagan, also known as The Plantsman is the Founder of Flik Eco. Jermaine is the perfect hybrid of personal finance expert and nemophilist. On a mission to make personal finance simple and accessible, Jermaine uses his inside knowledge to help the average Joe, Kwame or Sarah to improve their lives. Before founding Flik Eco, Jermaine managed teams across several large financial companies, including Equifax, Admiral Plc, New Wave Capital & HSBC. He has been featured in several large publications including BBC, The Guardian & The Times.

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