Co-founder & CTO-CES, Assistant Teaching Professor-NEU
Neu
Neu provides credit cards designed to help users build credit with transparent terms and no hidden fees. Customers can choose between a 0% APR card with a low monthly fee or a no‑annual‑fee card with variable APR, both reporting to all major bureaus and offering unlimited 3% cash back on airfare. The service supports newcomers to credit, students, and international residents without a U.S. Social Security Number, offering quick approvals and automatic credit line reviews.
- Financial Technology
Updated 3 months ago
Funding
Funding rounds are not available yet.
Founders
Product
Problem
Many young adults, students, and newcomers to the U.S. lack access to credit cards that are simple, affordable, and designed to help them establish a credit history without hidden fees or complex terms.
Solution
Neu offers two credit card options tailored for individuals building credit. One card provides a fixed 0% APR with a modest $7 monthly subscription, while the other has no monthly fee and a variable APR ranging from 26.99% to 29.99%, both with a minimum $350 credit limit. Both cards report activity to all three major credit bureaus, offer unlimited 3% cash back on airfare, and include automatic credit line reviews that can increase limits over time. The Neu mobile app lets users apply without a U.S. Social Security Number (using a visa and passport for non‑citizens), track payments, view free credit score updates, and receive real‑human customer support. Additional perks include no foreign transaction fees, tap‑to‑pay, fraud protection, and a referral bonus.
Target Audience
Neu targets U.S. residents aged 18+ who are new to credit, including college students, recent graduates, and international residents without an SSN seeking a straightforward way to build credit.
Features
- Two card plans: 0% APR with $7/month fee or no‑fee card with 26.99–29.99% APR, both with $350+ credit limits
- Unlimited 3% cash back on airfare purchases
- Automatic credit line reviews that can raise limits based on on‑time payments
- Reports to all three major credit bureaus to build credit history
- No foreign transaction fees and tap‑to‑pay functionality
- Mobile app for application, transaction monitoring, payment scheduling, and free credit score updates
- Real‑human customer support via chat, email, or phone
- Referral program: $25 credit per approved friend, up to $2,000 annually