Establishing good credit is of key importance to young consumers given the role it will play for them down the road, so the Tandem Journey Card has been unveiled by the fintech startup to help them do just that.
The card is positioned as a reliable option for consumers with nonexistent credit histories to choose when seeking a way to establish a positive credit score that could be a defining factor for future loans. The card is likely to be a hit amongst consumers who might not otherwise qualify for existing credit card products on the market to help them reach their financial goals.
The Tandem Journey Card works seamlessly within the company's existing app to help users easily control their spending and much more.
Credit History-Establishing Cards
The Tandem Journey Card Helps First-Time Users
Trend Themes
1. Establishing Good Credit - Fintech startups can develop innovative solutions like the Tandem Journey Card to help young consumers establish good credit.
2. Credit-building Cards - The market for credit cards designed specifically to help individuals with no credit history build their credit score is growing.
3. Smart Spending Management - Fintech companies can integrate app-based features into credit cards to help users easily control their spending and track their finances.
Industry Implications
1. Fintech - The fintech industry has an opportunity to develop innovative credit card products that cater to individuals with no credit history.
2. Credit Card - Credit card companies can explore offering credit cards that are specifically designed to help users establish a positive credit score.
3. Personal Finance - Companies in the personal finance sector can create app-based tools that assist users in managing their spending and financial goals.