The San Francisco-based fintech lets you use its charge card to send money from the United States to the Philippines on credit while also earning Grab rewards
The San Francisco-based fintech says that it’s the first to combine international money transfers with consumer credit, letting you remit funds instantly from the United States on credit — and now with the added bonus of earning Grab rewards too.
“You can use any debit card to remit with Pomelo, but when you use Pomelo Mastercard, you get more points, no transfer fees, and lower minimum send amounts,” Pomelo chief marketing officer Ladd Martin told Rappler. “The Pomelo Mastercard and Pomelo Secured Mastercard are charge cards, where balances must be paid in full the following month,” Martin said. “The difference is that for those who qualify for the Pomelo Secured Mastercard, a deposit is required to set your credit limit. The benefit of this is that your remittance and payment history will be reported to the credit bureau, so you can build your credit.
Aside from sending remittances, you can also use the Pomelo charge cards anywhere that Mastercard is accepted, in physical locations or online.Pomelo recently launched Pomelo Points, which it says is the industry’s first rewards program for money transfers.
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