Yendo Credit Card Review: The Credit Card Backed by Your Car

If you need access to credit but have been denied by traditional banks, the Yendo Credit Card offers a unique solution—it uses your car’s equity to secure a credit line of up to $10,000.

In this detailed Yendo credit card review, we’ll cover:
✅ How it works (and who qualifies)
✅ Pros & cons vs. traditional credit cards
✅ Real customer experiences
✅ Alternatives if Yendo isn’t right for you

🔍 What Is the Yendo Credit Card?

Yendo is the first Mastercard® credit card powered by your vehicle’s equity. Unlike traditional credit cards, which rely solely on your credit score, Yendo uses your paid-off or financed car to determine your credit limit (up to $10,000).

Key Features:

✔ Pre-approval in 2 minutes (no hard credit pull)
✔ All credit scores accepted (including bad/no credit)
✔ Virtual card immediately (physical card ships later)
✔ Reports to credit bureaus (helps build credit)
✔ Use anywhere Mastercard® is accepted

Featured in: Fortune, Wall Street Journal, TechCrunch, NerdWallet

🚗 How Does Yendo Work? (3 Simple Steps)

Step 1: Get Pre-Approved (2 Minutes)

• Enter basic info + car details (no credit check).

• Works for paid-off or financed cars (must have equity).

Step 2: Verify Your Car & Identity

• Upload photos of your car, license, and proof of insurance.

Step 3: Access Your Credit Line

• Get a virtual card instantly (Apple/Google Pay compatible).

• Physical card arrives in 7-10 business days.

👍 Pros of the Yendo Credit Card

✔ Higher approval odds (uses car equity, not just credit score)
✔ No hard credit pull for pre-approval
✔ Helps build credit (reports to Experian, Equifax, TransUnion)
✔ No annual fee
✔ Fast funding (virtual card works immediately)

👎 Cons of the Yendo Credit Card

❌ Secured by your car (risk of lien if you default)
❌ High APR if you carry a balance (up to 29.9%)
❌ Not available in all states
❌ Must have a car with equity