bloom Payment Card Instructions
- June 17, 2024
- bloom
Table of Contents
bloom Payment Card Instructions
Bloom is now offering an exclusive, first-of-its-kind no payment card.
Put your home equity to use for the important things, with no monthly bill1.
The Bloom Card is an easy way to pay for groceries, travel, bills, and any other purchases you may have – in-store and online!
How it works
The Bloom Card uses your home equity to unlock up to $2,000 of spending power each month, with no bill to pay at the end of the month.
HOW TO APPLY
- Call us at 1-866-882-5666 or book a call to speak with a Bloom Representative.
- We can answer any questions, and when you’re ready, accept your application.
- If approved, we authorize you for a card.
USING THE CARD
Your Bloom Card will arrive in the mail. Once activated, the first month will
start with $2,000 available to spend.
Whatever is spent during the month adds to your equity release mortgage
balance. Then you have $2,000 available to spend at the start of the following
month. It’s that simple!
MANAGING THE CARD
You can access the online portal to view your card balance and transactions.
There is NO BILL to pay at the end of the month.
Your purchases and interest are simply added to your mortgage balance over
time.
You receive a statement every month with a summary of all your transactions
and changes to your balance.
No Fees!
- no appraisal fees + no processing fees
- no monthly/annual fees
Our Rates:
8.39% (9.53% APR2 including initial setup costs).
Your purchases and interest will be added to the mortgage balance.
2 As of July 19, 2023.
Payment free flexibility to live life your way. Think a Bloom Card may be right for you?
Call us at 1-866-882-5666
