Online credit solutions provider Elevate Credit has launched the new Today Card to provide credit access to approximately 160 million non-prime consumers in the US.
Powered by Mastercard, the new product will be issued by Capital Community Bank of Utah (CCBank).
Today Card comes with a range of prime features. These include a family share capability that will enable users to request for additional cards with access to a particular part of one’s credit line.
Cardholders will be able to turn the card on/off, receive notifications, and monitor credit score for free.
The card is accompanied by a full-service app to allow management of account from a mobile phone.
Today Card general manager Jason Goldberg said: “In combination with our advanced data analytics and underwriting capabilities and the mobile-first approach for the product, the new Today Card powered by Mastercard includes features that until now had only been offered to prime consumers.
“We’re excited to offer features that make life convenient for real middle class consumers on the go. We offer the ability to check your transactions or balance, pay your bill through our mobile app, or even pay your bill with a debit card.”
The company is now testing the new proposition and has created a waitlist to allow consumers express interest for future card application.