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Yendo Vehicle Equity Mastercard®
Yendo Vehicle Equity Mastercard® Review
Unlike most other secured cards, this one uses your car as collateral instead of a traditional downpayment. This can be helpful for folks who own a car but don’t have a ton of cash on hand. It's worth noting that using your car as collateral can be risky though.
Our editors rate credit cards objectively based on the features the credit card offers consumers, the fees and interest rates, and how a credit card compares with other cards in its category. The ratings are the expert opinion of our editors, and not influenced by any remuneration this site receives from card issuers.
While this site receives compensation from companies listed here, this does not influence our ratings or reviews. Learn more here.
Yendo Vehicle Equity Mastercard®
SIGN-UP BONUS
None
REWARDS RATE
1.5% Cash Back
Build Credit
Reports to all three major credit bureaus
Higher Credit Limits
Tap into your vehicle equity to get higher limits at affordable rates. $4,400 average credit limit - up to $10,000
APRs
29.88% fixed on Purchases, Balance Transfers, and Cash Advances
Annual Fee
$40
Card Brand
Mastercard®
Recommended Credit Score
Limited / Poor / FairHighlights
- Click APPLY NOW to apply online.
- Earn 1.5% unlimited cash back on card purchases every time you make a payment.
- Yendo works like a regular Mastercard but taps into your vehicle equity to get higher limits at affordable rates
- $4,400 average credit limit - up to $10,000
- Submit an application with photos of your vehicle and receive an instant decision
- See if you Pre-Qualify in minutes without harming your credit score - all credit scores welcome to apply
- Looking to build or rebuild your credit? We report to the 3 major credit bureaus monthly
- Get a virtual card instantly after approval - simple and fast application
- Add to your mobile wallet and make purchases today using Apple Pay, Samsung Pay and Google Pay
- Accepted everywhere in the US where you see the Mastercard logo - in store, online, and in app
- Fraud coverage if your card is lost or stolen - access your account 24 hours a day, 7 days a week
- No cash deposits
Additional Info
Foreign Transaction Fee
3% of the transaction amount, in U.S. dollars
Balance Transfer Fee
$5 or 5% of the amount of balance transfer, whichever is greater
Expert Review
Editor's Overall Rating
Our editors rate credit cards objectively based on the features the credit card offers consumers, the fees and interest rates, and how a credit card compares with other cards in its category. The ratings are the expert opinion of our editors, and not influenced by any remuneration this site receives from card issuers.
From the LendingTree editorial team, updated on Jun 27, 2025
The Good
- We love that cardholders can earn 1.5% Cash Back, which can help pad your wallet with regular use.
The Not So Good
- This card does use your car as collateral, which means that if you miss payments, your car could be on the line. However, with responsible use, this card can be a great way to build credit.
The Bottom Line
Unlike most other secured cards, this one uses your car as collateral instead of a traditional downpayment. This can be helpful for folks who own a car but don’t have a ton of cash on hand. It's worth noting that using your car as collateral can be risky though.
Editorial Note: This content is not provided by Yendo. Any opinions, analyses, reviews, or recommendations expressed on this page are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by Yendo.
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0% Intro APR for 15 months on purchases and balance transfers, then 18.24% - 27.24% Variable APR
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Intro APR
0% Intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 18.24% - 28.24% Variable APR will apply. A 3% Intro balance transfer fee will apply for the first 60 days your account is open. After the Intro balance transfer fee offer ends, the fee for future balance transfers is 4%. Balance transfers may not be used to pay any account provided by Bank of America.
Sign-Up Bonus
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Rewards Rate
6% cash back for the first year in the category of your choice, 2% cash back at grocery stores and wholesale clubs, and unlimited 1% cash back on all other purchases. After the first year from account opening, you’ll earn 3% cash back on purchases in your choice category. Earn 6% and 2% cash back on the first $2,500 in combined purchases each quarter in the choice category, and at grocery stores and wholesale clubs, then earn unlimited 1% thereafter. After the 3% first-year bonus offer ends, you will earn 3% and 2% cash back on these purchases up to the quarterly maximum.
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