Up to $1,000/m to pay card bills. No interest.
Get the app now
Save thousands of dollars on interest, payoff debt faster, improve credit score, build savings, and enjoy your card perks stress-free with automated card payoffs. No balance transfer fees, no late fees, no overdraft fees. FICO 580+ required.
Smart Cash
for Credit Cards
Payoff up to $25,000. Repay at 12% APR. No fees.
Payoff cards easily
Payoff any unsettled credit card balance using your low interest credit line from Placid. Keep using your cards, and watch your monthly bills and balances going down and your savings going up. No fees!
Autopay all your credit card bills from a single app with up to $1,000/m of 0% APR money. Easily pay above required minimums to payoff balances faster. Repay Placid 14 to 45 days later from any of your accounts. No late fees. No overdraft fees. No interest.
Autopilot at 0% APR
Auto transfer balances from your cards to Placid credit line to improve your score when your card utilization goes up.
Improve Credit Score
Get payoff rewards
Placid tops up your account with 0.1% of your Placid balance every month when you repay on time.
Payoff roll-over balances instantly from the credit line, and autopay your card bills out of Placid pocket. Bill pay of up to $1,000/m is interest-free. Repay Placid up to 45 days later. You'll never hit a late payment or an overdraft fee.
Watch
your cards

get paid
Get started
in only 3 minutes
How it Works
Download the app, securely connect your cards and get a 12% APR credit line ready to offload your expensive balances. Placid instantly checks your eligibility with a soft credit pull that doesn't affect your credit score.
Track
and adjust
your progress
Set how much to pay above minimum payments every month and track your accelerated payoff and interest savings. Watch you savings grow without you spending more.
Is using Placid safe?
Placid meets the highest security and privacy standards of the banking industry and works with the most reliable data providers, like Plaid and Equifax. Your data safety is our top priority, and we use the strongest encryption and anonymize data whenever possible.
How does Placid affect my credit score?
Placid improves your credit score in most cases.† Placid prevents late payments and reduces the amount of debt on your cards, reducing their utilization, which has a great positive effect on your credit score. You can improve the score further by paying on time to Placid.

No fees are charged If you're late with your repayments to Placid, but your credit score will be negatively affected.
I have issues with the app. What do I do?
If your app is loading normally, please reach out through the built-in support chat. If the app is not loading, ping us over the email support@placid.money. Support team will get back to you as soon as possible.
Who is Placid good for?
If you ever have unpaid credit card balances and/or actively use multiple credit cards, Placid is for you! Placid is great at making your credit cards much cheaper and stress-free.
Why should I invest the money I save on interest?
Card debt tends to come back even after a full payoff. Credit cards are a lucrative business for banks for a reason.

Sufficient savings and investments lower the chances of getting into debt again. They improve financial stability and reduce the stress of debt. But they also take time and resources to build.

Placid helps build your investments without any extra spending or changes to how spend and use your cards. We make balancing between payoff and savings easy and help you seamlessly build wealth over time with regular investments.
What are the requirements to use Placid?
Placid runs a soft credit check to verify you're in good credit standing. FICO above 600 is required.

Features like cash rewards and auto investing are only available to customers who have at least 3 months of history with us.
Is Placid a bank?
No, Placid is a technology company. We provide our customers with tools and capital to make credit cards cheaper and more convenient.

Placid is run by a team of veterans from global banks like Citi and world class software engineers. We're on a mission to help people leverage debt to become better off financially.
How does Placid make money?
12% APR (which is the same as interest rate) is charged on balances transferred to Placid from your cards. Only high APR roll-over balances are transferred, so you always save money with Placid.**

Placid charges a $3.99-$7.99 monthly subscription fee in case you use up to $1,000/m at 0% APR from Placid to pay monthly bills, depending on the amount of cash you use.
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Do you roll / carry-over credit card balances?
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* 0% APR is applied to up to $1,000 that is used for paying monthly payments or reducing card utilizations. The number of extra days to pay off varies from 14 to 45, depending on the due dates of connected cards. Larger credit amounts and rolling payoff terms require additional user qualification.

** Actual savings depend on user's card APRs. Placid credit line APR (which is the same as interest rate) for balance transfers is 12%.

If user's APR is 34%, total balance is $10,000 and fixed monthly payments are $384, user's interest expense until full payoff would be $8,401 vs. $1,642 with Placid, which is 80.5% less. If user's APR is 24%, total balance is $10,000 and fixed monthly payments are $300, user's interest expense until full payoff would be $6,644 vs. $2,225 with Placid, which is 66.5% less.
https://www.bankrate.com/calculators/managing-debt/minimum-payment-calculator.aspx

† Credit score stability/improvement is not guaranteed. Credit scores are independently determined by credit bureaus, and on-time payment history is only one of many factors that such bureaus consider. Your credit score may be negatively impacted by other financial decisions you make, or by activities or services you engage in with other financial services organizations.

†† We top up your rewards account with 0.1% of the balance you have with Placid every time you pay your Placid Bill on time. You can use your rewards freely at any time, including using them to reduce your Placid Bill.

Placid Inc.
+1 332 228 0020
160 East 65th street, New York, NY, US, 10065

Copyright 2021. All rights reserved.
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