Science & Technology

Benefits of the Zolve Credit Card

The choice of credit card products available on the market is huge, but Zolve Credit Card is a unique product for Indian students and working professionals residing in the US. It stands out with a range of exclusive perks and rewards designed to make your life easier.

What is the Zolve Credit Card?

What is the Zolve Credit Card?

In the financial year 2022, nearly 73 million credit cards were issued in India. However, the percentage of using credit cards in the country is still quite low (about 5%) compared to the global average (over 22%). A few reasons for the low usage level are the high eligibility threshold, expensive card maintenance and lack of additional value attached.

Moreover, getting a credit product in a foreign country is often challenging since you don’t have a credit history there or national identity documents such as an American Social Security Number (SSN).

With cashback, discounts, and low-to-zero fees, the Zolve Credit Card is a great way for immigrants to manage their debts and improve their financial well-being. Besides, additional perks will help you save money and afford more while shopping.

What is the Zolve Credit Card?

The Zolve Credit Card is a financial product designed with customers’ interests in mind. It will help you make a credit history at the new place of living, as well as get out of the debt trap and put your financial balance back on track. This credit solution will be especially useful for those trying to build their credit history from scratch in their new country of residence or rebuild their previously low credit scores.

The Zolve Credit Card gives people not able to get a traditional loan the ability to make purchases now and pay for them over time, without additional interest, as long as they make payments on time.

Who’s Eligible for the Zolve Credit Card?

The eligibility criteria for obtaining the Zolve Credit Card are simple. To get one, you need to be at least 18 years of age and one of the following:

  • Student residing in the US with a valid student visa
  • Student about to move to the US
  • Working Professional residing in the US with a valid work visa
  • Working Professional about to move to the US
  • US Resident

If you meet these basic requirements and look for a beneficial credit solution, don’t hesitate to apply for the Zolve Credit Card. The main plus is that you don’t need to have any work experience or credit history to get a credit card.

However, please note that the eligibility criteria may change from time to time, so make sure to check the most up-to-date information on the official website before applying.

Benefits & Rewards of the Zolve Credit Card

The Zolve Credit Card offers numerous benefits and rewards, helping you get the most out of your daily spending. The most exciting features include:

  • Low interest rate and 0% APR for the first six months;
  • Two subscription plans to give you maximum flexibility: $11.99 / month or $119.99 / year (which makes 2 months of usage free);
  • Refund of 100% of your subscription fee in cases when you spend $18,000 or more in the preceding 12 months;
  • Reward points for every purchase, that range depending on the product category, i.e. 5X rewards on 5 brands of your choice and 1X on other purchases;
  • Exclusive access to special partner offers, such as discounts on travel and shopping, and premium cashback offers at 10K+ outlets (up to 10X);
  • Credit limit of up to $10,000;
  • Zolve is a trusted Indian firm that has partnered with a US bank so your account is covered with FDIC insurance for up to $250,000;
  • Zolve enables immigrants to build their credit history from day one of their arrival, based on their name and date of birth. It will be linked to your SSN/ITIN once you receive it.

All these benefits and the ease of use make the Zolve credit card one of the best options on the credit market for those wanting to make the most out of their money.

How to Activate and Use the Zolve Credit Card

To activate the Zolve Credit Card, you need to fill out a simple online form at the Zolve website or in-app. Upload the necessary documents to verify your identity and you’re set. Once your application has been approved, your new card will arrive via mail in 3-5 business days.

Using the Zolve Credit Card is as simple as any other bank card, but with a nice twist of added benefits. With every purchase, customers earn reward points. They can be redeemed for cash back, travel rewards or selected merchandise. Moreover, Zolve Credit Card owners get access to exclusive discounts and partner deals while shopping at participating retailers.

Despite all the additional value it brings, the Credit Card makes it possible to refund the annual fee and has no foreign transaction fees. Therefore, it paves the way for international shopping without any extra charges.

Get Your Spending Under Control With the Zolve Credit Card

Another major benefit of the given credit card is that Zolve makes spending management effortless. Customers can set strict limits to know exactly how much they can afford to spend each month. If you try to overspend, your account will be blocked until you either reduce your limit or make an additional top-up payment.

Besides, real-time notifications make it much easier to track your spending. You get a full overview of every purchase, notwithstanding the payment amount, being able to track the time it was made as well as the type of merchant and brand. Furthermore, Zolve’s secure payment portal allows you to set up automatic recurring payments for subscriptions and add funds to your account 24/7.

An organised view of your spending reveals some details about your shopping habits, giving insights into possible improvements and cost cuts. This is the key to smarter budgeting scenarios and better money management.

Conclusion

Zolve Credit Card makes smart budgeting simple and secure so all you have to worry about is enjoying life! The product offers various additional benefits, including low interest rates, high credit limit, numerous perks, redeemable reward points and no foreign transaction fees. Finally, it is supported by Mastercard, so you can make purchases at countless locations around the world where Mastercard is accepted.

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