Boston-based OneUnited Bank is launching a credit card designed to help consumers establish credit or rebuild a bad credit rating.

The Unity Visa card, nicknamed ‘the Comeback Card’, launches on 15 January. Consumers will be offered a rebuilding credit programme, and the card scheme will report to the three major US credit bureaus – Experian, TransUnion and Equifax

OneUnited Bank president and COO, Teri Williams said: "We built Unity Visa and our How to Rebuild Credit Program to fulfil multiple consumer needs.

"We wanted a programme to support the financial comeback many are experiencing in America by helping to build and rebuild credit.

"We also wanted to provide a better alternative to costly pre-paid debit cards. Unity Visa accomplishes both."

OneUnited has a focus on community development lending, winning it the US Treasury’s Bank Enterprise Award for ten years.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

Over the years it has acquired a number of other community banks, including Boston Bank of Commerce Founders National Bank and Family Savings Bank and Peoples National Bank of Commerce.


Related articles:

Kasikornbank inks deal with China’s UnionPay to launch new credit card

International Bank of Qatar to introduce Visa Signature Card

Spend & Win campaign is introduced by MasterCards for Sri Lanka ‘s Cardholders