The Pomelo Card is an innovative financial product designed for newcomers to the U.S. looking to build their credit while also having the ability to send money to the Philippines without incurring transfer fees. Issued by Coastal Community Bank and serviced by Pomelo, this Mastercard offers both secured and unsecured versions based on eligibility. As a charge card, it requires that the balance be paid in full each month, eliminating interest charges and many typical fees associated with credit cards. The card allows for a credit limit of up to $2,500, with a minimum secured deposit of just $50. A standout feature is the ability to send money directly to a GCash Wallet in the Philippines, with limits that can reach up to $10,000 in 30 days without any transfer fees. Additionally, users can upgrade from a secured to an unsecured card based on their payment history, making it a flexible option for managing finances.
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