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The Best Fintech Credit Cards of 2021

Last updated on April 16th, 2021

Fintech companies, startups, and neobanks are seemingly everywhere these days. While the concept of  fintech companies disrupting the banking sector aren’t new, their foray into the credit card market is. Here are some of the best fintech and neobank credit card offers of 2021

The Five Best Fintech and Neobank Credit Cards of 2021

Fintech companies (also known as financial technology) is the latest trend that is disrupting the credit card industry. Fintech companies are taking a fresh look at the credit card market and offering applicants something new. These new features include saying goodbye to fees, changing how consumers pay down debt, and offering the types of perks and rewards that many major issuers are ignoring.

Here are our top five fintech credit cards for 2021:

Upgrade Visa® Card with Cash Rewards

The Upgrade Card is one of the most popular fintech credit cards available today. The card, a hybrid balance transfer, cash back rewards, and low APR credit card, offers one of the lowest APRs on the market for those with excellent credit.

The card also provides credit limits of up to $20,000 and specializes in offering installment-based balance repayment. This balance installment plan provides cardholders with up to 60 months to pay off sizable debts, making it a safe, effective, and inexpensive method for reducing existing credit card balances.

The Upgrade Card also now features unlimited 1.5% cash back on all eligible purchases. This great earnings rate places the card on par with popular cash back cards like the Chase Freedom Unlimited and American Express Cash Magnet Card.

Other impressive features with the Upgrade Card include no fees for:

  • Annual fee
  • Foreign transactions
  • Monthly maintenance
  • Activation
  • Late fees
  • Return payments

Related Article: Upgrade Card Now Offers Cash Back Rewards

Petal Card

Petal is one of the more popular fintech credit card issuers today. The company offers two cards, the Petal 1 and Petal 2.

Petal 1, also known as the Petal 1 “No Annual Fee” Visa Card, is a credit builder card for applicants with non-prime credit scores. The card features no annual fee, making it a reliable option for those with subprime or fair credit scores. It also offers up to 10% cash back on select purchases from specific retailers.

Petal 2 is the newest credit card from Petal and its issuer, WebBank. Petal 2 is also known as the Petal 2 “Cash Back, No Fees” Visa Card. The Petal 2 Visa offers 1% to 1.5% cash back on all purchases, with the same potential 10% cash back as the Petal 1. Other features of note include no foreign transaction fees and no annual fee.

Deserve EDU Mastercard

Deserve is another popular fintech card issuer that holds students in mind. The virtual bank’s Deserve EDU credit card is a cash back Mastercard with no annual fee.

The Deserve EDU Mastercard emphasizes rewarding students while they build their credit. As such, Deserve offers a whole range of perks, including cell phone protection (through Mastercard), no foreign transaction fees, and one free year of Amazon Prime Student for new cardholders.

Deserve also has a non-traditional approval and credit vetting process, making the application path much easier for those without a good credit score or credit history. This approval process makes the card ideal for those new to the United States and those new to credit entirely.

SoFi Credit Card

The SoFi Credit Card is a new addition to the fintech credit card lineup. The card is a product of SoFi (also known as Social Finance, Inc.), a neobank that offers digital savings, checking, online investments, and loan services. The SoFi Credit Card is a World Elite Mastercard with no annual fee and a straightforward cash back rewards structure.

The 2% cash back structure from SoFi is reminiscent of the Double Cash Card from Citi. Cardholders automatically get an unlimited 1% cash back on purchases and another 1% back bonus when they apply their cash back to an eligible SoFi account.

Cardholders that make 12 on-time payments with their SoFi card will receive a 1% APR reduction. The typical APR with the SoFi Card varies from 12.99% to 24.99% based on creditworthiness, so this 1% APR deduction can make a real impact on those looking to save on interest charges.

Brex Business Mastercard

Brex is a fintech credit card with startups, entrepreneurs, and small businesses in mind. The Brex Mastercard offers no annual fee, no hidden fees, and credit limits “10 – 20X higher” than other corporate credit cards.

The Brex Mastercard also offers huge rewards on the types of purchases startups thrive on. Rideshare purchases, for example, earn 7X points. Travel booked through Brex earns 4X points, dining purchases make 3X points, and recurring software purchases earn 2X points.

Brex also offers an impressive $5,000 credit for Amazon Web Services (AWS) for all Brex customers, plus unlimited free wire transfers.

Featured photo by publicdomaonpictures / Pixabay

About: Cory
Cory Santos

Cory is's "Jack of all trades" and resident credit expert, covering all facets of the credit card space. In addition to credit cards, Cory finds that jogging, cats, and memes are essential parts of a balanced day.