What's Yendo?
The Yendo Card
Yendo is the first credit card that's backed by the value of your car.
The card can provide access to credit for those who might not be able to qualify for other credit cards. It's a real credit card, powered by Mastercard, that provides credit limits from $450 - $10,000, depending on your value of your car amongst other factors, that can provide people with access to ongoing funds.
So, rather than having to re-apply for loans, for example, you can access funds up to your credit limit on an ongoing basis and, with responsible usage like on-time payments, build your credit too.
Features & benefits
- Credit limit - access up to $10k in credit
- App - the Yendo app let's you manage your account, wherever you are
- Virtual card - access a portion of your credit limit prior to getting your physical card in the mail with the Yendo virtual card. You can continue to use your virtual card even after your physical card arrives as well
- Cash advances - ability to do cash advances on your card
- Credit building - with responsible usage, you can not only have access to ongoing credit, but also build your credit for potential future financial options
Use your car to get credit today!
How does Yendo work?
How Yendo Works
Yendo is a real credit card, powered by Mastercard, so like most other credit cards, you'll need to complete an application. Unlike most other credit cards, you'll also need to take pictures of your car and potentially send in your title to complete the application, too. Your title, for example, is how we are able to provide you with a credit line that's often high at an affordable rate.
- Get pre-approved - this generally takes 5 minutes and there is no impact to your credit for pre-approval so you can find out how much your credit limit might be, up to $10k
- Send in your information - provide us with information about you, your car and title with our app
- Get your card - once your car’s condition is verified and your title is mailed from our Fedex partners, you’ll instantly receive a virtual credit card while we print and ship your physical credit card
- Get your money - access money when you need it, withdraw cash with cash advances if you'd like. No need to re-apply or rollover like a title loan - Yendo is a real credit card!
Compare Yendo with Title Loans
An important factor to consider when looking at title loans as an option for your financial situation is the cost associated with them. Title loans, Fort Lauderdale, are generally very expensive, have high rates, and can lead you to a cycle of debt. It's important to get educated about title loans. Consider Yendo versus a title loan, for example. If you're looking for access to funds in Fort Lauderdale, consider using your car to apply for the Yendo credit card instead.
Reviews
Check our review page for more detailed reviews from our users.
FAQs
With responsible usage, Yendo can help build your credit. We report to Experian, Equifax and TransUnion.
Yendo Credit Cards have credit limits ranging from $450 up to $10,000. Your credit line depends on the make, model, mileage, and condition of your vehicle in addition to your ability to repay.
You have 25 days after the end of your monthly statement to make a payment. You can make payments at anytime, and you will need to make a minimum payment of 1% of your statement balance or $50 (the greater of). We're here to help, so if you do need assistance making your minimum monthly payment, please give us a call.
You can get approved as long as you meet Yendo’s other approval criteria. Our mission is to offer affordable credit access to everyone.
Most Yendo cardholders have access to their virtual credit card within an hour of completing their application and mailing their title. The virtual card can be used online or with Apple, Google, or Samsung pay. A physical card will be mailed to you and typically arrives in 3-7 days.'
We will always work with you to try to establish a plan that works with your situation. However, as a lienholder, we can exercise our right to recover an outstanding balance, but this is our last option. Keep in mind that with Yendo, your minimum monthly payment can be more affordable compared to other alternatives like title loans.
You can get your title back at any time by paying off your balance and giving us a call to close your account. Once we verify that your balance is $0, Yendo will close your account and remove its lien from your title. We will then release the title to you within 10 days of payoff - please note that there may be some situations outside of Yendo's control, such as DMV processing timelines, that could extend this timeframe. Or you can keep your account open with a $0 balance and pay no interest, so you can have continued access to your credit card when or if you wish to use it.
While your official due date is 25 days after receipt of your previous monthly statement, you can pay off all or a portion of your balance in advance at any time. The best part? If you pay your statement balance on or before the due date every month, you’ll pay zero interest on purchases. In the event you don’t pay off your full balance, our minimum payment is 1% of your principal balance or $50, whichever is greater. Please note if you have interest or fees charged to your account, these will be added to your minimum payment due.
If your balance exceeds your credit limit, your account is overlimit. You will need to make a payment that brings your balance below your credit limit and make at least a minimum payment to unblock your card.
