The Yendo Credit Card is a Mastercard® that leverages your vehicle’s equity to offer credit limits ranging from $1,000 to $10,000. It functions like a regular credit card, allowing you to make purchases anywhere Mastercard® is accepted, while providing the opportunity to build your credit score through responsible usage.

Applying for the Yendo Credit Card involves three simple steps:

1. Get Pre-Approved: Complete a quick online form about yourself and your vehicle to receive pre-approval in approximately 2 minutes, with no impact to your credit score.
2. Verify Your Information: After pre-approval, verify your identity and vehicle details by submitting photos of your car and ID.
3. Access Your Funds: Once approved, you’ll gain immediate access to a virtual card for online purchases or in-store payments via Apple, Google, or Samsung Pay, while your physical card is mailed to you.

No, the pre-approval process does not impact your credit score. Yendo does not use your credit score during application; instead, your credit limit is determined by your vehicle’s value and your ability to repay.

Your credit limit is primarily based on your vehicle’s make, model, mileage, and condition. Additionally, your income and expenses are evaluated to ensure you can comfortably manage monthly payments.

Many customers gain access to their virtual card within 30 minutes of completing the application and submitting the necessary documents. The virtual card can be used immediately for online purchases or with digital wallets like Apple, Google, or Samsung Pay. The physical card typically arrives within 3 to 7 days.

You have 25 days after the end of your monthly statement to make a payment. You can make payments at any time, with a minimum payment of 1% of your statement balance or $50, whichever is greater. Paying your full balance on or before the due date each month ensures you incur zero interest.

No, missing a payment will not result in losing your car. Yendo is committed to helping you manage your finances and will work with you if payment issues arise. While Yendo holds a lien on your vehicle, they will not repossess it without exhausting all other options.

Yendo reports your account activity to all three major credit bureaus—Experian, Equifax, and TransUnion. With responsible usage and timely payments, you can gradually improve your credit score over time.

Yes, Yendo welcomes applications from individuals with all credit histories. The application process considers factors beyond traditional credit scores, such as your vehicle’s value and your ability to repay, providing a second chance at credit for many applicants.

Once you pay off your balance and contact Yendo to close your account, they will release the lien on your vehicle title. The title will be returned to you within 10 days of payoff, though processing times may vary depending on DMV procedures.