Yendo Credit Card Review – $10K No Credit Check! – 2023


With the Yendo credit card, you can avail up to a ten thousand dollar credit line without a credit check, and it is powered and secured by your car. So what does that mean exactly? Let’s find out.

Yendo is a credit card company that provides vehicle-secured revolving credit card which leverages AI and machine learning to inform credit and valuation decisions. Yendo claims that its product is 95% cheaper than other non-bank financial products, and by extending its reach, it opens doors for the 100 million Americans who conventional financial institutions have overlooked.

This credit card can help you build credit using your car and get you going in the right direction. So now, let’s delve into this comprehensive Yendo Credit Card Review, unraveling all the essential aspects of this card within this article.

How does Yendo Credit Card work? 

This credit card uses your car, so what does that mean? Exactly how Yendo works is that they could extend you a credit line in exchange for being a lien holder on your vehicle’s title. Now you must make a note of one point, and that is, this will only work if you have the title on hand. You own your car outright, so if you currently have a lien on your vehicle right now, meaning that you currently have a loan on that car, then unfortunately, this would not work for you, but Yendo does plan to accept vehicles with loans on them by this year.

There are plenty of people out there that own the car outright. They may need cash to build credit, or they just want to use that Equity from their vehicle towards things like starting a business, emergency expenses, or something else. Yendo would be an excellent option for you; in exchange for being a lien holder on your car’s title, you can get access to a credit card with a limit of up to ten thousand dollars.

Your credit limit will depend on your car’s make, model, mileage, condition, and ability to repay. Yendo is slightly different from traditional credit cards, with a variable annual percentage rate; instead, it has a fixed interest rate, which is rare among credit cards.

So, even with all the news about interest rates going up, yendo’s interest rate won’t change if you were to use your credit wisely and only on standard purchases and pay off the balance in full before the payment due date then you would not have to worry about the interest rate since you would not have to pay any interest.

How a loan from this card is any different from a title loan?

Yendo Credit Card Review

A title loan is a secured loan in which borrowers can use their vehicle as collateral to get the loan amount. Since your car is kept as collateral, it secures the loan repayment. The lender would repossess your vehicle if you failed to repay the loan on time. Title loans are usually high-interest and short-term loans with minimal requirements, which means even if you have a poor credit score, you still have an opportunity to qualify for a loan.

Now you may be thinking, how is this different from a title loan? Yendo is very different; they are a MasterCard credit card and not a loan, they have a significantly lower rate, and it will help you build your credit. A traditional title loan is usually an expensive short-term loan with few to no credit requirements.

But the name of the loan should explain it all because these loans are secured by your vehicle. At the same time, title lenders do not run a credit check when you apply and don’t report your payments to the credit bureaus; they do have the right to repossess your vehicle if you default on your title loan.

That means it is essential to consider all your available options before taking out a title loan. So, generally speaking, title lenders may allow you to borrow anywhere between $100 all the way up to $10,000, or even possibly more. But it often comes with an annual interest rate of over 300%.

Needless to say, title loans tend to be more expensive than other alternatives due to the higher risk nature, so many states have banned title lenders altogether. It’s also important to remember that title loans won’t help improve your credit score because they aren’t typically reported to their credit bureaus.

How does the Yendo Credit Card help you build credit?  

How does the Yendo Credit Card help you build credit

Now let’s understand how Yendo Credit Card can help you build credit. A great feature of this card is that there are no credit checks to apply, and although there are no credit checks, when you use it, Yendo will report your information to the credit bureaus once you are a cardholder.

Currently, they report to Experian and Equifax and plan to add TransUnion this year. You typically will want to have a card or a credit Builder that reports to all three credit bureaus so that it can affect all of your credit scores; whenever you get approved for this card, this credit card will be reported as a revolving line of credit.

This means that your credit line balance and payments will all be reported, which is an excellent way to start building your credit, especially if you have no credit or poor credit. So with this type of credit line, you have to be careful about the balances you have on your credit card.

How is Yendo Credit Card different from other typical secured credit cards? 

Typically secured credit cards require money to be deposited into an open account; that money is known as a security deposit, and your credit limit is equal to the deposit amount. Unlike most secure credit cards, though, yendo secures your credit card using the Equity in your vehicle. This enables them to extend your credit limits up to ten thousand dollars without checking your credit score or having to deposit cash, which means that they can offer limits that are typically much higher than most secured credit card limits.

Every time you open up any credit account, this will affect your average age of accounts. Your average age of accounts only takes 15% of your overall FICO score, so it does not have that big of an impact compared to other factors. The benefits can outweigh the risk as the higher credit limits will add more available credit. The higher the credit limits, they can lower your credit utilization and possibly improve your score.

One thing to make a note of is that the Yendo credit card is only available to these seven states –

  • Texas
  • Florida
  • Tennessee
  • North Carolina 
  • South Carolina 
  • Kanas
  • Massachusetts

The yendo is currently expanded to more states in the upcoming future.

Yendo Credit Card Application Process

Yendo credit card application

For the application process, you would have to visit their website or download the app to get started. From there, you would just enter your personal information, share details about the vehicle and then receive a pre-approval offer within minutes. This information would include your phone number, full legal name, email, mailing address, and a few basic details like make and model of your car and annual income and monthly expenses.

Once pre-approved, you will have to finish your application using the mobile app; this includes validating your vehicle in their system by submitting real-time photos of the car and its title.

Yendo accepts cars, light-duty trucks, vans, and SUVs that are 1996 or newer and in working condition factors such as vehicle condition and if the vehicle has a clean title will determine the credit limit you will get. Once fully approved, you must send them the vehicle title via secure mail from their shipping partner FedEx. They will cover the shipment cost by providing you with a QR code, and all you have to do is bring your phone ID and title to the nearest FedEx store, and they will verify and ship your title to Yendo.

So once your Shipment has been verified, they will issue you a virtual card for access that you can use right away, and then you will get a physical card that will arrive five to seven days later.

Cost and Fees 

While Yendo can give you a credit loan without much hassle, it’s essential to be aware of the fees and costs associated with this card. So, now let’s understand the interest rates (APR) and expenses related to Yendo.

Below are the fixed interest rates on purchases for this MasterCard –

  • 24.99% APR on Purchases 
  • 26.99% APR on Cash advances + 3% Fee
  • 3% Fee on Foreign transactions 
  • 5% Fee on balance transfers 
  • $40 Annual fee – Waived off for 1st year

This MasterCard may be an internationally accepted form of payment, but the 3% foreign transaction fee makes it a costly option for overseas travel and any International transactions; that’s why avoiding this card as a travel card would be better.

Cash advances and balance transfers also come with additional fees as late or return payments like other cards. All the reasons to steer clear of these types of transactions unless necessary. There’s also an annual $40 fee, which is waived for the first year. Now your minimum payment debt is due every single month or whenever there is a balance that can fluctuate because it will be 5% of your balance when the statement closes or fifty dollars, whichever is greater.

So, for instance, if you made one thousand dollars in purchases on your credit card during the month, this will be a minimum payment of $50. If you were to pay off the one thousand dollar balance by the due date, you won’t have to worry about anything since you would not be charged any interest. Remember that if you were to take out cash, you still have to pay interest on that cash balance.

To know more about different Interest rates on credit card you can read our in-depth article.

What if you missed the payment or were unable to make payments? 

According to Yendo, being a few days late on your payment isn’t ideal, and it could result in a late fee of $20, but they won’t report it to the credit bureaus, and somebody will just let you know that the account is past due.

If you go too far past due or notify them that you have trouble paying, they will work with you to establish a plan that works for your situation. Since they are the lien holder, they can always exercise their right to recover any outstanding balance, but this is always their last option.

Also, remember that if you are Beyond 30 days past due on any payments, they have the right to report this as a late payment to the credit bureaus. It doesn’t matter who the lender is; paying on time is how you build good credit; being late is something that you should avoid at all costs since it can be very damaging to your credit score.

Now, if you’re afraid of losing your vehicle if you’re not able to pay the dues on time, then don’t worry; one of the co-founders has confirmed that they do not want to repossess Vehicles, they want to work with you to avoid this from happening, and repossession is their last option. Now if they have to repossess your vehicle, they will work with you so you can recover it, and if that doesn’t work and they have to sell it, and the car sells for more than what you own, yendo will reimburse you for that difference.

Getting your car repoed is not fun for anyone, but still, it’s pretty genuine that they give you a difference even though the local laws are not required.

What if you need your Car title back? 

There could be plenty of reasons why you want your title back. You may just want to close that account, or you just want to sell or trade-in your vehicle. So you can get your title back anytime by paying off your balance and calling them to close your account.

Once they verify your account balance is zero, they will close your account, remove the lien from your title, and then release the title back to you.

However, it is essential to remember that closing the credit account can impact your credit score; closing a credit card reduces your available credit, which can increase your credit utilization ratio if you have balances on other charges. This can lead to a decrease in your credit score, but if you have zero to low balances on different accounts and a good payment history, the impact on your credit underscore may be minimal.

Does my credit line fluctuate?

This is an important question that may arise as we all know that Vehicles depreciate. In most cases, your credit limit will not change; Yendo values vehicles in such a way as it accounts for a large amount of depreciation. This means that even though your car May slowly depreciate over time, your credit line typically stays stable; if your vehicle gets damaged in an accident, this may change things.

Typically within the first five to seven years, it is when most of the vehicle depreciation happens; after that, it is much slower. So to expand on this a little bit further, what if your car gets into an accident or gets damaged? , this will lower the value of your vehicle. Yendo has also considered this, and you would never get the total value of your car as a credit limit.

So let me give you an example; let’s just say that you have a car with a wholesale or auction value of ten thousand dollars; Yendo will not provide you a credit limit of up to ten thousand, so the neighbor value is just five thousand. Now this is just my opinion of how they would do things. I don’t have all the details about their underwriting, but this would lower their risk if anything happens and help your account for any normal depreciation.

Can I increase my credit line with multiple vehicles? 

You might also think that, If I own multiple Vehicles, can I apply with more than one vehicle to increase my credit line or have a more extensive credit line?

So, let me clear that doubt; at the current moment, Unfortunately, they are only able to link one vehicle at a time, but they are currently working on something that allows you to link multiple vehicles to One account.


Yendo Credit CardSecured Cards
Currently Yendo does not have a graduation feature meaning that if you are a good customer, they will not release the title back to you and give you an unsecured line of credit, however they do plan on having this program in the futureYou’ll have to deposit certain amount then that amount will be used as your credit limit   E.g., If you deposit $1000 then it’ll be your credit limit
Yendo Credit Card only reports to 2 credit bureaus
– Experian
– Equifax
Reports to 3 major credit bureaus:
– Experian
– Equifax
– TransUnion
Yendo does have an annual fee of $40 but it is waived off for the first yearComes with a fixed annual fee

This comparison highlights the key differences between traditional secured cards and the Yendo Credit Card.

Yendo Contact Information 


Dallas, Texas, United States

Headquarters Regions

Dallas/Fort Worth Metroplex, Southern US


Contact Email:

Headquarters Regions

Dallas/Fort Worth Metroplex, Southern US

Phone Number



So when it’s all said and done, I think Yendo Credit Card is a pretty great product, especially if you have bad to no credit, are looking to build credit, or are just looking to borrow some money but have a car title in exchange rather than cash.

And especially if you are considering a title loan or payday loan, yendo is a much better option. Accessing up to ten thousand dollars can help many people out there who are in a pinch.

If you have any questions or suggestions, please feel free to share them in the comments section below. We are here to assist you and address any inquiries you may have. Thank you for your feedback and engagement!


Does Yendo will help build my credit?

Yes, with Yendo, you can effectively boost your credit score. Yendo reports your financial activities to renowned credit bureaus like Experian and Equifax

Is Yendo credit card legit?

Yes, it is a legit card which is powered by Mastercard. With the Yendo Credit Card, you can get up to $10,000 Dollar credit line without a credit check which will be secured by your car.

Is Yendo a real company?

Yes, Yendo is a real company. It is a credit solution company which leverages AI and Machine learning to inform important credit and valuation decisions.

Can I get approved for Yendo credit card even if I have bad credit or no credit?

Yendo don’t check your credit score for pre-approval, you can easily get approved if you meet their basic approval criteria.

What is overlimit for Yendo Credit Card?

If your account balance surpasses your credit limit, it results in an overlimit status. To resolve this issue, you will be required to make a payment that reduces your balance below the credit limit & need to make at least a minimum payment to unblock your card.

9.7/10 - (16 votes)

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