Multicent Introducing two spending account. The Multicent Spending Cash Card and the Multicent Secure Cash Card.

Jess Moore

Apr 4, 2022

The spending Cash Card that automatically earn you stocks, crypto rewards weekly and the Multicent Secure debit Cash Card that help you build credits, as you spend and invest in stocks and cryptocurrency

Multicent has announced is launching two digital investing, spending cash cards account that earn you weakly rewards, increase point to your credit score and automatically invest the spare change in stocks and cryptocurrency of choice as you spend and purchase, branded as Multicent spending Cash Card and the Multicent Secure Cash card-that work as charge card........


Multicent spending Cash Card

The cash card will be linked to your digital spending account and separated from your brokerage accounts and will work for in-person and online payments as well as ATM withdrawals worldwide.

The Multicent Cash Card is built for customer to be able to turn spending into investing. the cash card will offer a round-up investment with a weekly bonus, early direct deposit, a split-check feature for recurring investments which rounds up cardholder's purchases to the nearest dollar and automatically invests the spare change into a stock or cryptocurrency of the customer's choice, which can be changed at any time. in addition to that, The Cash Card is a free, customizable debit card that is connected to your digital account and your brokerage account balance. It can be used anywhere in the world where Mastercard is accepted, both online and in stores. There are no overdraft fees, service fees, no minimum deposits, or in-network ATM fees associated with the card.


To order yours:

Open a Multicent digital spending account in a minute

Tap the Cash Card tab on your Multicent Digital account home screen

  1. Press Get Cash Card

  2. Tap Continue

  3. Follow the steps and order your card


You must be 18 or older to apply for a Multicent Digital Cash Card. Cards should arrive within 10 business days. Your Cash Card can be used as soon as you order it, by adding it to Apple Pay and Google Pay, or by using the card details found in the Cash Card tab.


The big new feature of the card is the ability for users and traders to get more from their money, earn weekly bonus when they spend, invest in stocks and crypto like Bitcoin, Dogecoin and Ethereum, the card automatically invests in assets such as stocks and cryptos when they spend money. The cash card allows you to issue unlimited virtual cards to shop online, you can also create printable virtual debit card and send to friends and family to shop online or as a gift, right from your smartphone. Multicent will round up transactions made using the card to the nearest dollar and use this extra money and bonus to purchase assets chosen by the user.


Multicent Secure Cash Card


Multicent secure cash card


According to Multicent Head of Engineering and Product Development, Mr Fred Wang says that “Many more young and older people in American are in debt, first of all, either because their credit score is not built up or, with the credit card companies, they can't see how they can build up their credit score to purchase their dream home or cars , they want better control their cash flow,” so we are launching the digital secure cash card that will allow you to build credit quickly and turn all your spending into purchase . the Multicent secure cash card will offer every American and European residence and all qualified Multicent users additional funds based on a “variable reward algorithm” and to qualifying for a good credit. Fred added that to qualify for a credit card, often requires a good credit score, so it can be challenging and difficult to start building your credit. However, fintech company like Multicent is building and working on innovative solutions to help every American and European residence build and add point to their credit score outside of traditional methods.


Multicent is building a digital secure cash debit card that will allows people build credit fast without a credit check or a high credit score to qualify. Below, Select looks at how Multicent Secure Cash Card works and the different features it offers.



How it works



  • Open a multicent digital account

  • Connect your Multicent digital spending account to your bank account.

  • When you swipe your Mulrticent Card, spend or invest, buy and sell stocks and crypto on your multicent app, we spot you. that increase your spending power, your spending power is based on your digital account balance and the spending limit set per day or week, the more purchases you make with Multicent secure cash card, the more your Spend Power will increase. and will turn all your penny spend as purchase and automatically pay ourselves back the next business day.

  • We allow our customer to connect their bank* account to their Multicent digital account so they can safely build their credit and earn reward points with the money that they already have. There are no deposits, interest, or hidden fees

  • At the end of the month, we total up all your spending transactions and report them to credit bureaus as credit worthy payments.


Fred wang also mentioned that Users will have ability to invest & buy and sell stocks and crypto like Dogecoin, Bitcoin, Ethereum, earn rewards, add point to their credit history and Earn interest while holding money in their digital account and turn them into as purchase and report it to credit bureau at the end of the month


Multcent Secure cash card works kind of like a charge card. With a charge card, cardholders are unable to carry a balance from month-to-month and are required to pay their balances off in full after an interval of time, usually every 30 days.

With Multicent Secure cash card, cardholders make a purchase and Multicent pays off the merchant at the time of transaction. However, Multicent connects to your multicent digital checking account, so one day after you make a purchase, Multicent takes the money from your digital bank account for that transaction.

At the end of the month, Multicent then reports your card transactions to the credit bureaus Equifax and Experian. Multicent does not currently report to Transunion. says by Fred Wang


Mr Fred Wang said they're in communication Transunion with about its information being added to Transunion’s credit reporting, says by Wang, and Mr Joshua S. Oduyemi CEO of Multicent.

Fred mention that by reporting cardholder’s payments to Experian and Equifax, the Multicent Secure Cash Card can have a positive impact on your credit score as reported by those two bureaus.


Using an Multicent secure cash card can impact your credit utilization ratio, too. The credit utilization ratio is the ratio of credit you’re using to the total amount of credit you’ve been extended. Your credit utilization ratio impacts the ‘amount owed’ category of your FICO score. The ‘amount owed’ category comprises 30% of your credit score. Many credit experts say you should keep your credit utilization ratio — the percentage of your total credit that you use — below 30% to maintain a good or excellent credit score. Credit utilization is a major factor in your credit score, so it pays to keep an eye on it.


With Multicent, cardholders make a purchase and Multicent pays off the merchant at the time of transaction. However, Multicent connects to your digital account, so one day after you make a purchase, Multicent takes the money from your digital account for that transaction and will reset your credit utilization.

Since the card is paid off daily, your credit utilization ratio will reset each day, when your credit utilization ratio is reset frequently, you’re more likely to have a low credit utilization ratio. Having a low credit utilization ratio also has a positive impact on your credit score. Multicent Secure Cash Card charges no APR or interest because you have to pay off your balance daily. And unlike a credit card, Multicent won’t let you spend more than you have in your Digital bank account or in the bank account connects to your Multicent digital account, so you won’t have to worry about overspending and potentially going into debt. In order to qualify for an Multicent Secure cash card, you don’t need a credit score either. Multicent doesn’t perform credit checks, but potential cardholders must meet certain requirements:

  • Applicants must be 18 years of age, or older

  • You must have an SSN or ITIN number

  • Applicants must have a US register home address where you can receive your Multicent secure cash card (P.O. boxes are not accepted)

  • Open a Multicent digital account or Brokerage account and connect your other bank with your Multicent digital account or Brokerage account at one of 10,000 select U.S. banks

  • Have a Smartphone (iOS device and Android device) running version 10 or later

According to Multicent, Head of Engineering and Product Development 99% of our users and investors will be approved for the card because all transactions on the card are backed by cash. When cardholders sign up for Multicent Secure cash card, they are given a spending limit based on the real-time balance of their Multicent digital bank account and bank account connected to their digital account, says Fred Wang.

Fees and rewards

Multicent cash card is free and connects to your digital account to spend, save and invest, buy and sell stocks and cryptocurrency like Bitcoin, Dogecoin, Ethereum.


Multicent Secure cash card charges either an annual or monthly fee for cardholders. For Multicent Credit Building and weekly rewards you’ll pay $7 a month but if you’re willing to pay for the entire year upfront you’ll get a slight discount and pay $74. You’ll automatically gain access to the Multicent Rewards program and able to use your Secure cash card to trade, buy and sell stocks and cryptocurrency and turn your trading transaction into as purchase to get point toward your credit history. Cardholders will earn 5 rewards points for every $1 they spend. Five rewards points are worth up to 1 cent, so the redemption value is a only 0.2 cents per point. Essentially you’re getting 1% back on all purchases if you redeem your points for max value. Multicent has a rewards store available through the Multicent App, but the offerings in the store vary. According to Fred, we are partnership with over 100 stores in the United states and in Europe so that you can earn Rewards as quickly as you swipe and make a purchase online at your popular item, with your Multicent Secure Cash Card,

Since Multicent is a Secure debit card focused on building credit for our user and traders , it’s unsurprising that it offers few rewards and flexibility in how cardholders can redeem their points. The Multicent Secure Cash Card can be used internationally, so there is no foreign transaction fee.












Get in touch

For media queries get in touch at press@multicent.com