{"id":11690,"date":"2025-03-13T23:28:26","date_gmt":"2025-03-13T23:28:26","guid":{"rendered":"https:\/\/finderica.com\/?p=11690"},"modified":"2025-03-13T23:28:26","modified_gmt":"2025-03-13T23:28:26","slug":"5-things-to-know-about-the-gabriel-money-secured-card","status":"publish","type":"post","link":"https:\/\/finderica.com\/?p=11690","title":{"rendered":"5 Things to Know About the Gabriel Money Secured Card"},"content":{"rendered":"
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Gabriel Money\u2019s co-founder and CEO, Rodrigo Dantas e Silva, moved to the U.S. from Brazil in 2017. Inspired by his family\u2019s transition to life here, he created Gabriel Money to help young adult Latinos establish their financial lives in a way that honors cultural views on money management. <\/span><\/p>\n<\/div>\n

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Latinos are twice as likely as the average American to be <\/span>credit invisible<\/span>, according to an October 2022 survey from UnidosUS, a Hispanic civil rights and advocacy organization, and the financial technology company Oportun.<\/span><\/p>\n<\/div>\n

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The Gabriel Money Secured Card, along with the educational and money management tools on the Gabriel Money app, can help users establish credit, as payments are reported to the three main credit bureaus. The card also offers strict limits that prevent you from getting into debt. <\/span><\/p>\n<\/div>\n

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Here are five things to know about the Gabriel Money Secured Card, issued by Evolve Bank & Trust.<\/span><\/p>\n<\/div>\n

1. It doesn’t require a Social Security number or credit check<\/span><\/h2>\n
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When completing the application for the Gabriel Money Secured Card, you can provide either a Social Security number or an individual taxpayer identification number (<\/span>ITIN<\/span>). An ITIN is a nine-digit number issued by the IRS to non-U.S. citizens who are filing a tax return. <\/span><\/p>\n<\/div>\n

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Also, unlike most credit cards, there’s <\/span>no credit check<\/span> when you apply, which of course is helpful for non-citizens who have no U.S. credit history to begin with.<\/span><\/p>\n<\/div>\n

2. The app is a crucial part of the card experience<\/span><\/h2>\n
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To apply for the Gabriel Money Secured Card, you must first download the Gabriel Money app. Once you complete the application and deposit money into your secured account (more on this account below), you\u2019ll have access to a virtual card that you can add to your digital wallet.<\/span><\/p>\n<\/div>\n

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From there, you can use the app to track purchases, check your credit score, or get help from Gabi, the app\u2019s A.I.-powered chatbot. The app also provides a daily financial tip and weekly trivia questions.<\/span><\/p>\n<\/div>\n

3. You can\u2019t carry a balance<\/span><\/h2>\n
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The Gabriel Money Secured Card doesn\u2019t charge interest because you <\/span>can\u2019t carry a balance<\/span> and get into debt. Instead, you deposit a minimum of $100 into a secured Gabriel Money account, which becomes your credit limit. When your bill is due, you can pay it by transferring the funds from the bank account of your choice. If you don\u2019t, the needed funds are withdrawn from your secured account. <\/span><\/p>\n<\/div>\n

4. Earn cash-back rewards <\/span><\/h2>\n
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All purchases with the Gabriel Money Secured Card earn 1% cash back. Every month, the rewards you earn are automatically deposited as a credit into your secured account. <\/span><\/p>\n<\/div>\n

5. Additional features are under development<\/span><\/h2>\n
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According to Dantas e Silva, Gabriel Money routinely solicits feedback from customers to make changes to their products. A few updates and added tools are in the works, including:<\/span><\/p>\n<\/div>\n

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