Marking the fourth product launch in ten months, Tandem Journey Card is now available to the public.
The new credit card allows customers to spend freely abroad while building up a healthy and steady credit score.
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Tandem Bank has had an extremely busy year. Furthermore, the challenger obtained its banking licence in January 2018 and very quickly launched its Cashback Credit Card.
It continued to push out new and innovative products including, its three market-leading Fixed Saver accounts an app that aggregates bank accounts to give users full visibility and insight into their finances.
Ricky Knox, CEO of Tandem, commented: “The team at Tandem have been working tirelessly to deliver a multitude of credit, savings and tech products to our customers. With the Journey Card people can continue their spending abroad while benefiting from zero fees.
“The integration of credit products into our app is a game-changer for the industry. Our competitors have launched some great pre-loaded and debit cards, but we will own credit in this space.”
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Tandem Journey Card offers
Customers can apply for the credit card through the Tandem website. On the application page, it said:
“When paid on time, and without going over your credit limit, you can build a healthy credit score. After a few months we’ll review your limit and may offer you an increase.”
Furthermore, the Tandem Journey Card is for those who haven’t had credit before and aim to build up a strong credit portfolio.
There is an increasing amount of consumers who are trying to build a better credit score for the future. Moreover, the Tandem Journey Card can help with getting consumers approved for a car loan or mortgage.
The Journey Card offers:
- ZERO transaction fees on any purchases abroad
- ZERO transaction fees on cash withdrawals abroad
- 56 days interest free on any money spent
- 24.9% APR representative, variable
- Receive all updates and communication via the App (forget documents being lost or exposed account information)
- Powerful in-App budgeting tools
Sven Schindele, head of banking products at Tandem, added: “We are thrilled to be launching our second credit card. At Tandem we are all about financial freedom and that comes from building a healthy credit score and getting the best from the money you have. We hope this card is your trusty companion for your next adventure.”
Travelling made easier
Consumers are constantly worrying about hidden fees when travelling abroad.
Now with the Tandem Journey Card, customers can make purchases while abroad without incurring fees. Furthermore, they will receive real time in-app updates as they spend.
The new credit card follows on from the success of the Cashback Credit Card.
