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What you need to know about this fee-free credit card

What you need to know about this fee-free credit card

Zed offers no interest, no foreign transaction fees, and no annual fees

Young individuals often struggle with complex credit card applications, as highlighted by a recent study from TransUnion Philippines. Despite recognizing the importance of credit and lending products, only 35 percent of Filipino Gen Zs have adequate access to them.

Responding to this gap is Zed, founded by Danielle Cojuangco Abraham and Steve Abraham, both Stanford engineers and Y-Combinator alumni. “We founded Zed on the belief that young people in the Philippines and Southeast Asia deserve better financial products, better technology, and ultimately better service tailored to their lifestyles and exceeding their expectations,” said Danielle.

Danielle Cojuangco Abraham, Zed co-founder

Zed, a credit-led neobank regulated by the Bangko Sentral ng Pilipinas (BSP), offers its inaugural offering: a Mastercard Titanium credit card. With no interest, foreign transaction fees, or annual fees, and supported by a revolutionary app, Zed positions itself as the go-to credit card for everyday spending, travel, and more.

Steve Abraham, Zed co-founder

“As a technology company from day one, we don’t have to pay for costly overhead like physical branches or bloated headcounts for manual, back office processes. We’re able to pass these savings on to customers in the form of no revolving interest, no fees, and excellent customer service. We started Zed on the premise that you could build financial services where a customer’s success was a core value,” Steve added.

Zed virtual card

Key features of Zed:

Security Assured: Zed’s card is backed by a robust and secure app, providing real-time transaction insights, spending limits, and fraud controls.

Seamless Transactions: Enjoy hassle-free payments through the Zed app, generating InstaPay QR codes to settle bills instantly from any bank app or e-wallet.

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Efficient Application Process: Complete the entire card application within minutes through the app, eliminating the need for cumbersome documentation or branch visits.

Updated Profiling: Zed determines credit limits based on current and projected income, benefiting young professionals with limited credit histories.

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