Zed: The Newest Credit Card with No Interest Rate and Annual Fees

Thinking of getting a credit card but don’t want to pay for annual fees? Well, great news! Zed credit card just received authorization from the Bangko Sentral ng Pilipinas (BSP) on June 27 and you can soon get your hands on it!

For those of you who don’t know, Zed is a neobank founded by Silicon Valley engineers on the belief that young professionals, especially in Southeast Asia, deserve more from their money. Their credit card is a Titanium Mastercard that allows you to transact seamlessly and securely worldwide.

How is it different from the other credit cards, you ask? To start with, they offer zero annual fees. Aside from that, foreign transaction fees are also waived, so you can get the best currency exchange rate. Moreover, they have a no-interest policy, so you never end up paying more than the actual cost of your purchases!

If you’re worried about the growing card scams, Zed takes on a different way to protect yours. The company introduced unlimited virtual cards that you can create and use as needed for your subscriptions, online shopping, and over-the-phone purchases. This way, you can protect your primary card information from potentially risky transactions online. Oh, and you can also have a new card that self-destructs after a single purchase – talk about security!

According to their website, you can have instant control of your card through their mobile app, where you can monitor transactions in real-time, set spending limits, and even lock or freeze a compromised or lost card. Through the app, you’ll be able to see your statements and payments instantly and find any charge with a quick search as well. It also allows you to set up spending notifications to stay on budget.

Want to get your hands on them? Join the waitlist here.