Access Finance, a financial technology company revolutionizing credit accessibility, announced the introduction of the Juzt Credit Card designed to increase access to credit for consumers with poor or no credit history and to provide a pathway to building credit while lowering the costs for these at-risk consumers. The card will be issued by The Bank of Missouri and powered by technology from Taktile, a next generation risk decision engine.
Financial Technology Insights: Finance Fund Names Greg Kiger as Chief Operating Officer
“Americans are experiencing a quiet credit crisis – many cannot access a credit card due to poor or non-existent credit history, obtaining credit is growing more difficult and credit card costs are on the rise,” said Ivan Arnaudov, CEO at Access Finance . “The Juzt Credit Card was created for these consumers to provide access to credit and digital tools that enable them to improve their overall financial health.”
The Juzt Credit Card is an unsecured, digital credit card designed specifically for consumers with credit scores below 600 or just starting their credit journey. There is no security deposit required The Juzt Credit Card’s fully digital process enables consumers to apply, receive approval and begin using the card and its tools instantly. Backed by Mastercard, the Juzt Credit Card is compatible with Apple Pay and Google Pay and can be used globally.
Financial Technology Insights: Wirex Launches Business Banking for Web3 & Crypto Firms
Access Finance uses alternative data, machine learning systems, and dynamic behavioral scoring to evaluate applicants. Individuals who maintain a low debt-to-income ratio (DTI) and who consistently make timely payments on existing obligations (such as utility bills, rent, or other loans) are more likely to be approved. Initial credit limits may start customers with low, manageable credit limits – as low as $400 to keep them on a path to success.
Financial Technology Insights: Schneider Electric Enables $1.7 Billion in Clean Energy Credits
The Juzt Credit Card provides an easy-to-use dashboard with tools for monitoring credit scores, tracking purchases and payments, and learning insights into personal spending activity. Consumers are encouraged to use the Juzt card for small purchases that are easy to pay off, building credit along the way while developing good personal finance habits. The Juzt app reports customers’ credit history to a leading credit bureau which can help establish positive credit history based on responsible use of the Juzt Credit Card.
To share your insights with the FinTech Newsroom, please write to us at sudipto@intentamplify.com
Source – PR Newswire
