4 Credit Cards That Are Changing the Game

Nova Credit

All newcomers to the U.S. are considered “credit invisible” upon arrival because American underwriters can’t access international credit data, but that’s where Nova Credit[7] has stepped in with a solution.

Foreign nationals may have extensive credit in their home countries, but they still typically have to build their U.S. credit history from scratch, which can take as long as five years.

Nova Credit provides value by being a “cross-border bureau” and translating international credit data into a U.S.-equivalent score. The company then reports the translated data to American underwriters, who use it to evaluate applications for credit.

“Through Nova Credit and its partners, newcomers from certain countries can be approved almost instantly for products in the U.S. using their international credit history,” said a Nova Credit spokesperson. “That solution is first-of-its kind.”

Upgrade Card

The Upgrade Card[8] is a fairly new credit product that launched last October and stands out for a number of reasons —  the first is that it combines the flexibility of a credit card with the low cost of a personal loan.

Instead of paying a minimum amount of your balance each month, Upgrade separates the balance into equal monthly installment plans (plus an interest fee) that can be paid between a year to three years. 

You can prepay your balance at any time with no penalty, as the ultimate goal of this card is to bring your balance down faster with less interest. However, cardholders only receive 1% cash back rate each time they pay their balance and the annual percentage rate is similar to most credit cards (ranging from 6.49% to 29.99% based on your creditworthiness). 

“Upgrade customers are paying almost seven times less interest on an Upgrade Card balance paid down over two years than they would by making the monthly minimum payment on a traditional credit card,” Renaud Laplanche, Upgrade CEO and co-founder, said in a press release[9].



  1. ^ credit card (www.interest.com)
  2. ^ 2010 Census Bureau data (www2.census.gov)
  3. ^ Petal (www.petalcard.com)
  4. ^ Apple Card (www.apple.com)
  5. ^ Forbes reports (www.forbes.com)
  6. ^ Cornerstone Advisors’ research (www.crnrstone.com)
  7. ^ Nova Credit (www.novacredit.com)
  8. ^ Upgrade Card (www.upgrade.com)
  9. ^ press release (www.upgrade.com)
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