
Zero has unveiled its debit card that earns cash back rewards. All members on its waiting list were invited to apply for Zero as part of a public launch.
The fintech has raised $35 million from investors including New Enterprise Associates (NEA), SignalFire, Eniac Ventures, and Nyca.
What is it: Zero combines the simplicity of a debit card with the rewards of a credit card, featuring unlimited 1.0% to 3.0% cash back on qualified spending.
- Zero is available now in the Apple App Store and has opened pre-registration for Android in the Google Play store.
How it works: Zero account holders get access to two types of accounts. Zero Checking holds a user's money and Zerocard acts a credit card.
- When a user uses Zerocard to pay, she accrues rewards like many credit cards.
- A customer’s available checking account balance effectively becomes his self-imposed Zerocard spending limit, helping to avoid unintentional overspending.
“Unlike big banks, Zero won't tempt consumers to overspend their way into debt,” said Bryce Galen, Founder and CEO of Zero. “Big banks are also built on highly outdated technology. We built Zero from the ground up with the latest tech, so we could give customers a more delightful and rewarding experience.”

4 flavors of cards: Zerocard is available in four levels – Quartz, Graphite, Magnesium and Carbon.
- Each card comes with a corresponding increase in percentage of cash back earned and a unique industry award-winning card design.
- Zerocard customers can level up in two ways – first, based on their annual spending, and second, by referring qualified friends to apply.
Zero's credit card is issued by WebBank as a World Mastercard that provides unlimited cash back with no category restrictions at a higher rate than many other credit cards in the U.S. market.