Online Threat Alerts (OTA) - Alerting you to scams and frauds.
A fintech company by the name of Tuyo run by CEO Jorge Izquierd, announced a card that’s essentially is a “buy now, pay maybe”. They’re advertising that randomly some of your charges will be completely free, and it’s all random. How does this work?
I got the following information from their Apple app download page, but it still does explain everything in details. Is there a catch?
Every time you pay with Tuyo, your purchase might be completely free. Some purchases just cost $0.It's called "Buy Now, Pay Maybe".Why you'll love Tuyo- A card that actually surprises you: Pay at any of 140M+ merchants worldwide with your Tuyo Visa card or Apple Pay. Some of those payments? Tuyo might not charge you. Completely real.- Your own bank accounts, worldwide: Get USD and EUR account numbers under your name. Receive payments like a local anywhere in the world. Send money globally, instantly, for free.- Trade without leaving your wallet: directly from your balance. Simple, fast, and always under your control.- Set up in 3 minutes: Get up and running hassle-free.Your money, your control: Your funds are secured by you, not held by a bank, not managed by a third party. Modern security designed for peace of mind.
Every time you pay with Tuyo, your purchase might be completely free. Some purchases just cost $0.
It's called "Buy Now, Pay Maybe".
Why you'll love Tuyo
- A card that actually surprises you: Pay at any of 140M+ merchants worldwide with your Tuyo Visa card or Apple Pay. Some of those payments? Tuyo might not charge you. Completely real.
- Your own bank accounts, worldwide: Get USD and EUR account numbers under your name. Receive payments like a local anywhere in the world. Send money globally, instantly, for free.
- Trade without leaving your wallet: directly from your balance. Simple, fast, and always under your control.
- Set up in 3 minutes: Get up and running hassle-free.
Your money, your control: Your funds are secured by you, not held by a bank, not managed by a third party. Modern security designed for peace of mind.
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Online Threat Alerts (OTA) is not affiliated with or endorsed by any trademark owner mentioned in this article. Some of the information in samples in this article may have been impersonated or spoofed.
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Some people online claims it is like gambling, where they initially entice you into spending by paying for some of your small purchases. This will encourage you to purchase more hoping you will get other free purchases. But, like a casino, the house always wins.