Firstcard: Credit Builder Card vs Neu Money Usage & Stats

Firstcard® Secured Credit Builder Card helps everyone build credit no matter who they are, where they are from, or their credit history. Firstcard primarily focuses on serving immigrants, foreigners, non-US citizens, international students, first-generation college students, and first-time credit builders in the US who are often denied credit due to the limited access to credit-building tools provided by traditional banks. Members can build credit, open a credit card and a bank account, earn cash back, and grow savings — all within a single platform. Firstcard is on a mission to democratize credit for all. BUILD YOUR CREDIT SCORE EARLY AND SAFELY - Build your credit score every time you spend - Accepts immigrants, international students, foreigners, and non-US citizens without an SSN¹– apply with a passport - No credit check or hard inquiry - No overspending - No interest, overdraft fee, late payment fee, or account minimum requirement - We can approve your credit card application regardless of your credit history¹ - We report to all 3 major credit bureaus: TransUnion®, Equifax® and Experian® - Applying for Firstcard does not impact your credit score EARN CASHBACK² EVERY TIME YOU SPEND - Earn up to 15% Merchant Cashback at 29,000 partner merchants - Earn up to 10% Random Cashback on all qualifying purchases - Get an additional 1% cashback on all qualifying purchases with Firstcard+³ GROW YOUR MONEY OVER TIME - Firstcard Standard members can earn 0.75% Annual Percentage Yield⁴ (APY) - Firstcard+ members can earn 2.00% APY - Firstcard Premium members can earn 4.00% APY (The national average interest rate on savings accounts is 0.45% APY⁵ EQUAL ACCESS FOR EVERYONE - Accept immigrants, international students, foreigners, and non-US citizens without an SSN¹ - Have no credit score or low credit score? No problem. We can approve your credit card application regardless of your credit history. SECURITY AND SUPPORT YOU CAN TRUST - Your money is FDIC-insured up to $250,000 through Regent Bank, member FDIC. - The Firstcard credit card is issued pursuant to a license from Mastercard® International Inc. - Our team is based in the US and we are headquartered in Silicon Valley. — Disclaimer: The Firstcard credit cards are issued by Regent Bank, pursuant to a license from Mastercard® International Inc. Firstcard is a financial technology company, not a bank. Banking services are provided by Regent Bank; Member FDIC. FDIC deposit insurance up to $250,000 per qualified customer account on a "pass-through" basis; FDIC insurance only covers failure of insured depository institutions. Certain conditions must be satisfied for pass-through FDIC deposit insurance to apply. ¹Valid for 18+ and subject to account approval. ²Merchant Cashback: The amount of cashback is determined by the transaction and participating merchants. Random Cashback: Users will receive up to 10% of random cashback on qualifying purchases. Cashback is awarded within 7 days of the eligible transaction posting to your account. Accounts must be open at the time cashback rewards are being awarded or cashback will be forfeited. No minimum balance required to earn cashback. See firstcard.app/random-cashback-policy. ³Firstcard+ customers will earn an additional 1% unlimited cashback on all eligible credit card purchases. Exclusions apply. Cashback rewards are not earned on ATM withdrawals, P2P transfers, purchases of gift cards or other cash equivalents, and certain other types of transactions as determined by Firstcard. ⁴APY for the Deposit Account is variable and may change at any time. The disclosed APY is effective as of November 2024. Account fees may reduce earnings. Users with no SSN or ITIN on file are not currently eligible to earn interest. No minimum balance is required. ⁵Source: According to the FDIC, the national average interest rate on savings accounts is 0.45% APY (as of October 21, 2024). https://www.fdic.gov/resources/bankers/national-rates/.

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Neu Money

Neu is the alternative credit card designed for college students. Build credit from scratch with no interest, no late fees, and no debt trap. HOW TO GET STARTED Download the app and apply for the Neu Card in just minutes from the palm of your hand. Once approved, just follow the simple set-up instructions to activate your virtual card…no need to wait for anything to ship! NO INTEREST. NO LATE FEES. NO DEBT TRAP. Traditional credit cards profit through high interest rates and late fees. Neu Card is different. Neu Card never charges any interest or late fees. We believe that people prefer a clear and transparent way to pay that is predictable and not compounding. We offer two simple subscription plans to meet your desired budget and goals. NEU CARD BUILD This plan is great for first time card holders who are on a tight budget. It’s $4/month for a fixed credit limit of $200. Simple. NEU CARD BUILD & EXPAND This plan is great for first time card holders who want more spending power. It’s $7/month. You start with a credit limit of $350-$500 that can increase up to $1000 over time with good financial habits. Simple. BUILD YOUR FUTURE CREDIT SCORE You actually have to borrow money to build your credit history. The key to building a good credit score is consistently making on-time payments for any money borrowed. Neu reports to the credit bureaus so you can leverage the power of on-time payments to build your score. EARN CASH BACK If you have to spend money, you might as well earn cash back while you are at it! Neu Card pays you 1.25% cash back on all of your purchases you make with your Neu Card. You don’t even have to do anything to get it, we will automatically apply it right back to your account each month. Easy. WHO CAN APPLY Anyone who lives in the United States age 18 or older is welcome to apply. Just download the app and fill out the application. We do not require applicants to have a credit history…so if this is your first credit card, you are in luck. International students who do not have a Social Security Number are also welcome to apply. YOU ARE IN CONTROL The app is simple and easy to use. Even if it’s your first credit card, we walk you through the process and help you understand any confusing terminology. Inside the app you can: apply for the card, select your subscription plan, select your card design, link your bank account, set up autopay, view your card details, view your transactions, view your card summary and statement, freeze your card if you lose it, unfreeze your card if you find it, order a new card if need be, and contact customer support. We are also building new features and perks as we grow, so watch for exciting updates! SMART You read this far...thanks for your due diligence! We think Neu Card is the smart choice for first time card holders and hope you do too!