GetAugie Secures Approval for Nationwide Rollout of Unique Credit-Building Credit Card

GetAugie’s unique payment-by-payment secured credit card allows users to create a track record of using and servicing a credit product through a judicious and disciplined approach.

(PRUnderground) October 29th, 2024

GetAugie Inc. has completed the full integration to launch a groundbreaking financial wellness platform with the introduction of the Augie Secured Credit Card issued by TCM Bank, N.A.

Designed to help consumers build credit history using their existing monthly bills, GetAugie’s unique payment-by-payment secured credit card allows users to create a track record of using and servicing a credit product through a judicious and disciplined approach.

GetAugie aims to address the challenges faced by the more than 50 million young consumers and newcomers to the US by offering a no-annual fee, no-security deposit required, no-interest credit card without the need of having an existing credit score. The focus is on enabling users to develop a credit profile as well as helping them become educated about credit creation and financial health. The Augie Credit Card will be made available through access programs like employer-backed benefit programs, affinity groups, financial institutions and a referral system nationwide. The program leverages trust networks for user segments and cohorts that mostly rely on assistance and counsel from dependable entities like employers, charities, and family.

“Augie addresses – and cuts – the circularity issue in building a credit track record. Millions of consumers face the issue of not being able to access credit products without a credit profile; and, on the other hand, not being able to create a credit profile without a credit product. Available solutions are complex or expensive or both. The Augie Credit Card is designed to simplify credit building by not charging any annual fees or interest and not requiring a security deposit or payroll direct deposit. The entire experience is focused on educating users about responsible credit creation and financial wellness. As users progress with their Augie journey, Augie helps their transition to more advanced credit products.

Our first two launch clients—a national grocer and a leading payroll service provider – will start offering Augie to their employees as an embedded employee benefit this quarter. We are excited about this rollout as well as the coming year when we will start deploying with multiple signed clients including financial institutions, employers and financial wellness platforms, accessing more than 100 million US consumers through signed agreements. TCM Bank is the perfect partner for us, as they are a credit card-only institution that shares our commitment to building meaningful relationships,” said Amit Thakur, CEO of GetAugie.

About GetAugie Inc

Combining the best of personal finance ingenuity and technology, the GetAugie platform enables employers, financial institutions and financial wellness platforms to embed the Augie solution for the betterment of their employees and users. The platform is free for the user and as such, enables the user to begin on their financial journey without the burden of costs, fees or unsustainable debt. For more information, visit https://augie.app. GetAugie Inc is not a bank. The Augie Credit Card is issued by our Issuing Bank partner, TCM Bank, N.A., a subsidiary of ICBA Bancard.

About TCM Bank, N.A.
TCM Bank, N.A., a subsidiary of ICBA Payments, provides credit card solutions to community banks including portfolio acquisitions and start-up programs. Through the Total Card Management® (TCM) Program, banks can bring individuals, small businesses, and larger local organizations a well-rounded selection of credit cards branded with their logo — without the risk, liability, or hassle of starting and managing the credit cards themselves – all while earning non-interest revenue. TCM is partnered with over 750 community banks across the United States, and proud to meet the credit card needs of more than 580,000 customers.

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