Many people with disabilities struggle to build credit, a Unicorn might be the answer. It’s called the “Unicorn card” and boasts no fees, no interest, spending on future paychecks, customizable settings, credit optimization, self-destructing account numbers, a solid metal card, and the card doesn’t cost anything to users. John Legend has backed startup Cred.ai — considered a game-changer to the banking industry.
Unicorn card also has several unique capabilities: “Check Please” allows one to authorize a transaction in advance and thus avoid a potential card decline. “Friend or Foe” allows one to trust or restrict transactions on an individual merchant level. “Stealth mode” allows the card user to create a shadow account, with a completely different set of identification numbers, that can be used for transactions that could potentially be risky, and then deleted.
Unicorn cardholders build credit automatically, ensuring that users won’t have to worry about managing their spending to optimize credit, because the cred.ai’s back-end will do it for them. The interface is designed to generate “financial insight and control for a younger generation,” says CEO Ry Brown.
The card’s activity can ultimately be translated to a FICO credit score. Ry Brown states, “credit has been a tool for suppression, and this product is trying to change the ecosystem”. President and Cofounder Dylan Brow states, “our mission is to build a premium product for all people.”
About: The Unicorn card, is issued by Wilmington Savings Fund Society (WSFS) and licensed by Visa. The Cred.ai team includes, an astrophysicist, twenty engineers, several attorneys, journalists, a 3D animator, and an active dedicated staff all working to maximize the ins and outs of banking. Learn more.