Bond for consumers

Launch a Credit Builder Card, Fast

Build a financial product that increases customer acquisition and retention and gives you 2x the interchange of a debit card with a single integration.

"121 million Americans are credit challenged with subprime credit scores or thin to no credit files."

- Financial Health Network

Helping your customers build credit is good for your business

Earn 2x more interchange revenue than a debit card
Improve customer acquisition and retention. Never turn a customer away due to their credit score.
Limited credit risk - allow users to spend as much as they have without carrying the balance.

Everything you need

Bond has a step-by-step guide on how to build a secured charge card and get you to the market faster.

1/7

KYC & Onboarding

2/7

Security Deposit Account

3/7

Secured Credit Card

4/7

Rewards

5/7

Monthly Statements

6/7

Credit Bureau Reporting

7/7

Risk, Compliance, & Program Management

Ready to launch your Credit Builder Card?

Speak with our experienced team to discuss pricing and next steps

With Bond Treasury, TMC can embed expense and spend management into our applications to save an incredible amount of time so we can refocus on serving the 10 million patients we see every year. Over time, we expect to expand into other parts of healthcare finance, such as payment acquiring, treasury management, and credit. We believe that Bond has the talent, platform, and vision to be our long term partner and are incredibly excited to work together.

Odero Otiendo

Chief Technology Officer of TMC Innovation

With Bond Treasury, TMC can embed expense and spend management into our applications to save an incredible amount of time so we can refocus on serving the 10 million patients we see every year. Over time, we expect to expand into other parts of healthcare finance, such as payment acquiring, treasury management, and credit. We believe that Bond has the talent, platform, and vision to be our long term partner and are incredibly excited to work together.

Odero Otiendo

Chief Technology Officer of TMC Innovation

Ready to launch your Credit Builder Card?

Speak with our team to discuss pricing and next steps.

FAQ

Everything you need to know about our Credit Builder Card solution

What information do my customers need to provide to get a Credit Builder Card?

Your customers will need to pass our partner bank’s KYC to get a Credit Builder Card. Bond provides a fully integrated KYC solution for you to use. Your customers will need to submit their first name, last name, date of birth, home address, and SSN / ITIN.

Is a hard credit check required to apply?

Nope! You do not need to pull your customers’ credit score as part of the application process so there is no impact to their score.

What kind of card does my customer get?

Your customers receive a consumer credit card, not a debit or prepaid card. The credit card can be used anywhere Visa or Mastercard are accepted.

How is the credit limit set on a Credit Builder Card?

The credit builder card does not have a pre-set spending limit. Instead, the available balance in the security deposit account sets the spending limit on the card.

Is the Credit Builder Card a secured credit card?

Yes.

What is a security deposit account? Is that a regular bank account?

A security deposit account is an FDIC-insured bank account at our partner bank. Your customers can use this account as an everyday bank account. They can even direct payroll to this account using its unique account and routing number. The Bond platform seamlessly links this bank account to a credit card to enable your customers to spend.

How can my customers add money to the security deposit account?

Your customers can fund the account via payroll, ACH transfers from a linked external account, or from another debit card.

Is there a minimum funding requirement?

Your customers can open a Credit Builder Card with as little as $1.

Can my customers spend the money they use to fund the security deposit account?

The funds that your customers add to the security deposit account can be used to pay off the monthly Credit Builder Card balance. This is a better customer experience than is offered by traditional secured credit cards.

Can my customers withdraw money from the security deposit account?

Yes, your customers can easily withdraw funds if needed. If funds are withdrawn, the spending limit of the credit card will decrease accordingly.

How does this product help my customers improve their credit scores?

Your customers will build their on-time payment history and increase the length of their credit history by using the Credit Builder Card consistently. Both of these factors are critical to building credit.

Which credit bureaus does Bond report to?

Credit Builder Card activity can be reported to all three major credit bureaus.

Will my customers pay any fees for using a Credit Builder Card?

You can set fees that your customers may pay, like a monthly subscription fee, at your discretion. Unlike traditional secured and unsecured credit cards, there is no APR associated with a Credit Builder Card.

Can my users create virtual credit cards that can be added to their mobile wallet?

Yes. Bond supports Apple, Google, and Samsung Pay.

Can my customers access an ATM with their credit builder card?

Yes.

Will my customers receive a Bond-branded credit card?

No. Bond is not a consumer-facing brand. Your company and brand will be front and center.

Who is your bank partner?

Unlike other banking-as-a-service and embedded finance platforms, Bond pre-integrates with several partner banks to improve your experience and speed to market. Bond pre-integrated Evolve Bank & Trust to issue our Credit Builder Card.

Am I responsible for program management or is Bond?

As a full-service platform, Bond serves as the program manager on your behalf. This is a significant benefit and cost-savings as you do not need to have a full team of legal and compliance professionals in order to launch!

Does Bond provide physical card manufacturing, fulfillment, and shipping?

Yes. Bond has pre-integrated CPI Card Group for physical card production, fulfillment, and shipping. You will be able to fully design and customize a physical card experience for your customers.

Does Bond provide a whitelabel app?

Our customers build their own front-end user experience to deliver a seamless experience.

Ready to launch your Credit Builder Card?

Speak with our team to discuss pricing and next steps

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