Congratulations on being approved with Pomelo. Now that you've been approved, let's learn more about the credit offer you've been approved for.
The Pomelo Pay Later Plan
If you meet the minimum credit and income requirements with Pomelo, you will be offered the Pomelo Mastercard® with access of up to a $2,500 credit line.
The Pomelo Credit Builder Plan
For our customers who accept the Pomelo with Credit Builder Plan, you will be offered the Pomelo Mastercard®, backed by a security deposit from $50-$1,000.
Don't worry - the security deposit is refundable with enough on-time payments or in the event of an account closure.
What does this mean?
With the secured card, we require you to make an upfront cash deposit of up to $1,000. The loaded funds will act as your credit line.
The great thing about this offering type is that it allows you to build your credit with the credit bureaus. Once you've made purchases and shown successful repayment overtime, Pomelo will review your account and move you to the Pomelo Pay Later Plan.
What If I do not wish to accept an offer?
You're welcome to decline your offering from Pomelo during the application offering stage. When you receive your approval results, you'll have the option to select the "Don't Accept Now" which will allow you to exit the application flow.
If you exit the application flow, after 30 days, Pomelo will send you an adverse action notice informing you the offer no longer stands and you will need to reapply.
How long is my offer good for?
Your offer is good for 30 days from the date of the initial offering. You're welcome to come back anytime within 30 days accept your offer.