5 Things to Know About the Zable Credit Card

It won’t be the best option for most people due to its limited availability and perks.
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Written by Jae Bratton
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Among credit cards for people who want to build credit, the Zable MasterCard® Credit Card is hardly the worst — but far from the best. First, the card carries an annual fee of up to $39. That's not exorbitant, but other cards for bad or limited credit don’t charge an annual fee at all. Plus, perhaps the biggest drawback of the Zable card is that it’s unavailable to a wide swath of the U.S.

With its limited accessibility and perks, the Zable card won’t be the best option for most people.

Here’s what you need to know about the Zable card, issued by Continental Bank.

🤓Nerdy Tip

There is a version of the Zable card available to residents of the United Kingdom. U.S. citizens who want the Zable card should be sure that they’re applying from the U.S. website.

1. Only certain U.S. residents can get the card

As of this writing, the Zable card is only available to residents in 18 states: Alabama, Arkansas, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Kentucky, Michigan, Missouri, New York, North Carolina, South Dakota, Utah, Washington, Wisconsin and Wyoming. If you don’t live in one of those states, consider a card from a major issuer with a national footprint such as Capital One or Discover.

2. A security deposit isn’t required, but you may owe an annual fee

Secured cards, a type of credit builder card, require an upfront security deposit in order to open the account. As the Zable card is an unsecured card, a security deposit isn’t necessary. That’s good news for those for whom a several hundred dollar deposit is a barrier to credit access.

Zable cardholders will be charged an annual fee of $0. A representative for Lendable, the parent company of Zable, said the annual fee you’re assigned is based on creditworthiness. Potential applicants can use Zable’s pre-qualification feature on the website to see the details of the offer they qualify for including the annual fee, annual percentage rate and credit limit. Using a pre-qualification tool doesn’t affect credit scores.

Discover it® Secured Credit Card
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3. The card has few perks

The Zable card offers little in the way of perks, with no rewards or sign-up bonus. But you don’t have to settle for a bare-bones card even if you have bad or limited credit. The Capital One Quicksilver Secured Cash Rewards Credit Card and Discover it® Secured Credit Card both earn rewards, and the Discover card also offers a 10.99% intro APR on Balance Transfers for 6 months, and then the ongoing APR of 28.24% Variable APR.

4. Instant credit card access — with a caveat

Once you’re approved for the Zable card, you’ll receive a virtual card number that you can use to make online purchases without having to wait for the physical card to arrive in the mail. The virtual card number can be found in the Zable app.

Note that cardholders can only charge up to 50% of their credit limit when using a virtual Zable card. Access to the full credit line won’t happen until the physical card is activated and then used to make an in-store purchase.

5. High APR can be costly

The ongoing APR is 26.99%-33.99% Variable APR, which skews toward the high end of credit card interest rates. However, as with any credit card, the interest rate doesn’t matter as long as you pay your balance in full.

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