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Yando card update

Yendo offers a credit card that allows users to access up to $10,000 in credit by leveraging their fully paid-off or partially paid vehicles. The application process involves three steps: getting pre-approved, verifying personal and vehicle information, and accessing funds through a virtual card. Factors such as vehicle value, credit history, and income are considered to determine the credit limit, with a fixed annual fee and interest rates applicable.

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greenawaltzuniga
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87 views1 page

Yando card update

Yendo offers a credit card that allows users to access up to $10,000 in credit by leveraging their fully paid-off or partially paid vehicles. The application process involves three steps: getting pre-approved, verifying personal and vehicle information, and accessing funds through a virtual card. Factors such as vehicle value, credit history, and income are considered to determine the credit limit, with a fixed annual fee and interest rates applicable.

Uploaded by

greenawaltzuniga
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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GET STARTED

HOW IT WORKS

Applying for the Yendo


credit card is as simple
as 1, 2, 3
Learn how Yendo lets you use your car to access up
to $10,000 in credit. Let your car help you pay the
bills, make a big purchase or have funds available just
in case.

GET STARTED

How Yendo works in 3


steps

CAR PAID OFF MAKING PAYMENTS

STEP 1

Get pre-approved
Fill out some information about you and your car and you
can get pre-approved in 2 minutes with no impact to your
credit score.

STEP 2

Verify yourself and your car


Once pre-approved, verify your information by taking
photos of your car and ID. Keep your phone handy!

Learn more >

STEP 3

Access your money


After approval and completing the card activation
process, you'll access part of your credit with a virtual
card while your physical card is mailed. Activate it for full
access.

Learn more >

APPLY NOW TO SEE YOUR OFFER

Here’s what you might


get*
CAR 1 CAR 2 CAR 3

Car model Honda Accord

Car year 2014

Car Value $8,850

Mileage 112,065 Miles

Maximum credit limit

$4,690
Why would my limit be lower than my car value?

*Example scenarios only

Factors that impact your


credit limit
Your credit limit is determined by a variety of factors
that include your unique vehicle’s make, model,
mileage, trim, and year as well as your individual credit
history. We also want to be sure you have the ability to
pay back each month, so we also consider your
current income and expenses.

Your Vehicle
Your vehicle is your key to credit. So, we look at the year,
make and model and its value to determine the
appropriate credit limit for you.

Your Credit History


We don’t use your credit score as part of the application
process, but do look at your credit history to help
determine if you’re pre-approved, your credit limit and
!nally if you’re approved

Your Income and Expense Ratio


We want you to succeed, so ensuring you are able to pay
is important. We take into account your income and
expenses to help determine if you qualify for the card

PAYMENT ESTIMATOR

How Yendo calculates


your minimum payment
Yendo's payment estimator helps you calculate your
approximate minimum payment. Simply enter your
statement balance, so you can plan ahead with
con!dence.

About the Payment Estimator. Minimum payments shown are approximate and
assume full credit utilization, with a minimum payment calculation of 1% of card
balance + fees and/or !nance charges, as applicable. Your minimum payment could
be higher or lower based on how much and when you spend during your statement
cycle, any payment activity, and fees (such as returned payment or late fees). See
Yendo’s Cardholder Agreement, which is available upon approval, for a full description
of how we charge interest and calculate minimum payments.

Statement balance

$ Enter your balance

Subsequent
First month or
months

1% of statement balance
$0

Annual fee
$40

Approximate minimum payment*


Assumes no cash advances during month

$0

GET STARTED

What is vehicle
equity?

Generally, vehicle equity is the di#erence


between the value of your car and how much
you owe on your car. We’ve created a guide to
help you better understand what vehicle
equity is, so you’re comfortable applying for
the card.

Learn more >

Bene!ts of having the


Yendo credit card

If you have a car fully paid o"


You no longer have any outstanding payments
on the loan, and you own the vehicle in full.

Get up to $10,000 credit limit

Build your credit with on time monthly


payments

Same-day access

If you’re making payments


to your car
You are regularly paying installments toward the
loan you took out to buy the vehicle, until the total
amount borrowed, including any interest, is fully
repaid.

Potentially reduce your monthly auto loan


payment

Get additional spending power/increase your


available credit as your pay down your auto
loan

Same-day access

We’re here to help


Have questions about how Yendo works? We’ve got
you covered.

Does Yendo build my credit?

Is it an actual credit card?

How soon can I get my credit?

Is Yendo a secured credit card?

What will my credit line be?

VISIT FAQ

RESOURCES

Learn more about Yendo

What is vehicle equity?


Learn more >

Yendo’s vehicle id veri!cation process


Learn more >

Yendo’s Title Submission and Title/Lien


Release Process: A Complete Guide
Learn more >

Apply today
Access up to $10,000 in credit with Yendo.

GET STARTED

Your new credit card is in sight.

Learn

How it works

Reviews

FAQ

Features

Virtual Card

Build your credit

Cash advance

Re!nance your auto loan

Referral program

About us

Our mission

News

Blog

Locations

Careers

Accessibility Statement

Annual fee is $40. Annual Percentage Rate is a !xed 29.88% for purchases. Cash
advances accrue interest at 29.88% APR and have a 3% fee. Foreign transactions incur
a 3% fee. Balance transfers incur a 5% fee.

Title and Payday Loan information in the Comparison tabled is based on the following
CFPB Reports (1)(2). The comparison table assumes (i) a typical single installment title
loan agreement is renewed each month for a total of twelve months; (ii) all accumulated
interest and fees are paid on each extension date; and (iii) the loan is paid in full at the
end of 12 months.

Yendo credit cards are issued by Cross River Bank, Member FDIC, pursuant to license
from Mastercard International © 2024 Yendo, Inc. All rights reserved.

Privacy Policy Term of Service Privacy Notice

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