Zebit Partners with CARD.com to Provide Enhanced Access to Traditional Services, Including Interest-Free Financing

SAN DIEGO, June 15, 2016 /PRNewswire/ -- Zebit, a new financial wellness benefit committed to offering transparent interest-free financing to hardworking Americans, today announced it has teamed up with CARD.com— the largest online originator of Visa and MasterCard Debit banking accounts. The partnership gives select CARD.com members access to Zebit, which includes the ability to pay over time for purchases in equal installments at 0% APR, without a credit check. With CARD.com's debit card, members utilize fair and convenient payment solutions, but now, select members will have access to a more complete suite of services, including Zebit's interest-free financing on purchases up to $1,000.  

"Millions of hardworking Americans experience financial hardship and stress. Poor credit options are often the culprit. The Center for Financial Service Innovation (CFSI) estimates that high-quality credit is not an option for 108 million Americans who lack access to credit cards or low-interest financing products," said Michael Thiemann, CEO and co-founder of Zebit. "It's time to turn the tables on unfair lending practices, not only for the betterment of our nation's workers, but for the economy too. Partnering with CARD.com is a step in the right direction; we're leveling the playing field for Americans that have been turned away by traditional lenders and are giving them the ability to finance purchases with no interest, no fees, and no credit check."

Card.com members will also be able to leverage Zebit's free financial wellness resource library that features budgeting tools, online education, and the Instant Budget mobile app, which takes the guesswork out of budgeting and automatically creates a customized budget based on income, where someone lives, and the number of people in his or her household. 

Ben Katz, CEO and co-founder of CARD.com weighed in on the announcement, stating, "CARD.com has long prided itself on providing the best money management features and pricing. Aligning with Zebit allows us to further deliver on that promise. Now, not only can members conveniently load money, share funds, and shop, but we're also enhancing membership benefits for select members to include access to Zebit that affords them the ability to pay over time for the items they need, interest-free. It's truly a win-win."

The Zebit benefit is available to select CARD.com customers who have been using the direct deposit feature on their debit card for at least 6 months. These members will be able to finance purchases up to $1,000 from the Zebit Market, a proprietary e-commerce site stocked with more than 20,000 name brand products at competitive prices, including electronics, furniture, appliances, luxury items, and more.  Customers can finance these purchases over six months, interest free.

To learn more about Zebit's offering for CARD.com members, visit www.Zebit.com/Welcomes/Card.

About Zebit
Zebit is committed to offering no-cost, transparent interest-free financing to hardworking Americans. Zebit counters deceptive financing alternatives with interest-free credit, financial education, and planning tools to help working Americans and military personnel take control of their everyday financial lives. In June of 2016, Zebit expanded its offerings to select members of CARD.com, the largest online originator of Visa and MasterCard Debit banking accounts. Zebit is located in San Diego and is backed by VCs that include Crosslink Capital, Wildcat Venture Partners, Leapfrog Ventures and Correlation Ventures. Learn more at www.zebit.com.    

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