The news: LendingTree introduced the Win Card in partnership with card fintech Upgrade, per a press release. The co-brand card is available to select LendingTree customers during a beta launch; a waitlist is open for others who are interested.
Card highlights: The no-annual-fee Visa card is marketed toward LendingTree customers and emphasizes responsible spending.
- It offers 1% cash back on all purchases, but customers can get 2% back if they sign up for autopay and log into their LendingTree account at least once per month.
- Rewards are automatically applied to customers' balances to help them pay down their debt faster. Rewards are earned only after customers have paid off their purchases, instead of after the statement closing date like most credit cards.
- Cardholders can increase their credit limits if their credit scores improve by 20 points or more and they make six on-time monthly payments.
- Unlike standard credit cards, the credit from the Win Card comes from closed-end loans. As customers repay their balances, additional credit will become available up to customers' approved limits.
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