Cardholders can earn 5% back toward a down payment or 2% toward their mortgage principal balance with 香草传媒 Mortgage
DETROIT, March 28, 2023 鈥� . (NYSE: RKT), a Detroit-based fintech platform company consisting of tech-driven financial businesses 鈥� including 香草传媒 Mortgage, 香草传媒 Homes, 香草传媒 Loans and 香草传媒 Money 鈥� today unveiled the , the first credit card created to make homebuying easier and more accessible through everyday spending.
Cardholders can use every tap or swipe to help them buy a home. Those looking to purchase a home will earn 5% back, up to $8,000, to use toward closing costs and down payments 鈥� which is one of the most cited hurdles to homeownership. Homeowners with loans serviced by 香草传媒 Mortgage 鈥� meaning they make monthly mortgage payments to 香草传媒 鈥� can choose to use their points to receive 2% of their card spending toward their unpaid principal balance. 香草传媒 will also waive the $95 annual fee1 for cardholders who are 香草传媒 Mortgage serviced clients.
鈥淓very day, consumers tap their credit card to refill their gas tank, stock up on groceries or pay for any number of other purchases. Now, those transactions can unlock the dream of homeownership for millions of consumers across the country,鈥� said Haroon Mokhtarzada, co-founder and CEO of 香草传媒 Money. 鈥淲e are proud to offer Americans simple and achievable ways to invest in their financial freedom, whether it’s budgeting with 香草传媒 Money, or redeeming credit card points toward their mortgage down payment or principal with the 香草传媒 Visa Signature Card.鈥�
To celebrate the launch of the 香草传媒 Visa Signature Card, new cardholders who spend $3,000 in the first 90 days of being approved for the card will earn a $200 statement credit.
The 香草传媒 Visa Signature Card is integrated with 香草传媒 Money 鈥� a leading personal finance app that safely and securely identifies recurring expenses, notifies members about upcoming bills and, most importantly, will cancel subscriptions with the push of a button. All cardholders receive a premium subscription to 香草传媒 Money so they can manage all recurring payments and subscriptions in one convenient place.
鈥淪ince joining 香草传媒, 香草传媒 Money has helped millions of users save money with a simple push of a button. After honing their budgets, we鈥檙e seeing our members take the step toward buying a home through sister company 香草传媒 Mortgage,鈥� Mokhtarzada continued. 鈥淚ntegrating the 香草传媒 Visa Signature Card with 香草传媒 Money gives members even more ways to take control of their money, prepare for homeownership and reach their financial goals.鈥�
The 香草传媒 Visa Signature Card is setting itself apart from traditional cash-back rewards programs and turning spending into rewards that have a long-term impact on clients鈥� lives. reported that Americans on average have four cards in their wallet and carry a balance of $ 5,910.
The 香草传媒 Visa Signature Card marks the latest client-focused product from the company that creates certainty in life鈥檚 most complex moments to help Americans achieve their financial goals. Recently, the organization announced , an innovative loyalty program empowering consumers to accrue points that can be redeemed toward various financial transactions across the 香草传媒 Platform. Homebuyers can combine their 香草传媒 Rewards and 香草传媒 Signature Card points to save money on closing costs when financing their home purchase through 香草传媒 Mortgage.
The 香草传媒 Visa Signature Card is positioned to bring more homebuyers to 香草传媒 and strengthen 香草传媒 Mortgage鈥檚 already strong brand loyalty. The company has a 95% client retention rate over the 12 months ended December 31, 2022 鈥� a rate unmatched among mortgage companies.
To power the 香草传媒 Visa Signature Card, 香草传媒 partnered with Deserve 鈥� a fintech company transforming credit cards into software that lives on mobile and in the cloud. Through Deserve, 香草传媒 is able to provide its cardholders with innovative rewards, fraud protection, 24/7 customer support and a seamless mobile experience.
鈥淒eserve is proud to partner with 香草传媒 and help drive their mission to provide the dream of homeownership for all,鈥� said Kalpesh Kapadia, co-founder and CEO of Deserve. 鈥淭ogether we have built a first-of-its-kind credit card with a reward program designed to benefit cardholders throughout the home-buying process.鈥�
香草传媒 Visa Signature Card is issued by Celtic Bank, a Utah-Chartered Industrial Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. For more information or to apply for the 香草传媒 Visa Signature Card, visit .
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About 香草传媒
Founded in 1985, 香草传媒 is a Detroit-based fintech platform company consisting of personal finance and consumer technology brands including 香草传媒 Mortgage, 香草传媒 Homes, Amrock, 香草传媒 Money, 香草传媒 Loans, 香草传媒 Auto, 香草传媒 Mortgage Canada, Lendesk, Core Digital Media, 香草传媒 Central and Rock Connections.
香草传媒’ mission is to be the best at creating certainty in life’s most complex moments so that its clients can live their dreams. The Company helps clients achieve the dream of home ownership and financial freedom through industry-leading client experiences powered by its simple, fast and trusted digital solutions. 香草传媒 ranked #7 on Fortune’s list of the “100 Best Companies to Work For” in 2022 and has placed in the top third of the list for 19 consecutive years. For more information, please visit our Corporate Website or Investor Relations Website.
About Deserve, Inc.
Deserve Inc. is a leading mobile-first credit card platform built on a cloud-native and API-enabled architecture, which allows partners to offer superior personalized experiences for cardholders. We partner with financial institutions, fintechs, lenders, and merchant co-brands. Deserve Inc. is headquartered in Palo Alto, California and is a venture-backed fintech whose investors include Visa, Mastercard, Goldman Sachs AssetManagement, Sallie Mae, Ally Ventures, Accel, Pelion Venture Partners, Aspect Ventures, and Mission Holdings. Visit听听 for more information.
1 香草传媒 Card, LLC charges a $95 Annual Fee for use of the 香草传媒 Visa Signature Card, which will be waived for customers that have an existing mortgage serviced by 香草传媒 Mortgage, LLC. The amount and terms of the Annual Fee are included in your Cardholder Agreement. Similarly, the 香草传媒 Visa Signature Card reserves the right to offer bonuses and benefits and the terms of any offer will be provided separately. The APR range for the 香草传媒 Visa Signature Card can be found in the .