6 ms·

It's not a credit card.

• fredbrown 12y ago
  It will function as a debit card.
  • TomGullen 12y ago
    For now.
  • serf 12y ago
    until some point at which the auto-enrollment and e-ads with "Enroll Now" and "Ask Me Later" buttons only begin rolling out, like most credit institutions tend to do.
• dunno 12y ago
  Hence the flip of the switch. "He said the broader economic impact of the card will be felt as the previously unbanked and under-banked are able to gain access to the mainstream economy, and the visibility of their assets allows them to build a financial history and establish credit-worthiness with financial institutions." Not sure how one builds credit worthiness without credit being granted.
  • vidarh 12y ago
    One builds credit worthiness by establishing a history of deposits and pattern of payments that seems "normal".