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Zerocard 101

MoneyTips

You prefer the simplicity and the spending limit security of a debit card, but you also like the cash-back rewards associated with credit cards. Zero, a San Francisco financial startup, may have the perfect card for you.

The Zerocard is a unique blend of debit and credit card. Zero’s full package is composed of a credit card, a corresponding checking account, and a mobile app that serves as an interface between the two. (The mobile app is currently only available on iOS, but an Android version is expected by August 2019.)

To get the hybrid credit and debit card experience, you must activate the automatic payment feature. Instead of accumulating charges like a typical credit card, Zerocard simply deducts the charged amount from your Zero Checking account. The app allows you to track both the charges and your net checking account balance in real time.

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