The Yotta credit card combines the nail-biting uncertainty of buying lottery tickets with the ability to build credit. Designed as a prize-linked financial product, the Yotta card doesn’t guarantee you’ll earn rewards the way other cards might. Instead, each purchase you make gives you a chance to have that purchase paid for in the form of a reimbursement to your Yotta account. You can receive a reimbursement of up to $5,000, so here’s hoping you win a free refrigerator and not a free pack of gum.
Games of chance aside, the $0-annual-fee Yotta credit card has several other unique features. It helps you build credit by allowing you to spend only up to a certain amount each month that you set. Plus, payments are automatically made for you each month, so you avoid paying late or skipping a credit card bill. On top of that, there’s no credit check needed.
Here are five things to know about the Yotta credit card.
1. Ya gotta use Yotta to be eligible
You must be a Yotta user to apply…
This article was written by Sara Rathner and originally published on www.nerdwallet.com