UK digital bank Tandem Bank has launched a second credit product, the Journey Card, to support those who’ve never had credit before.

Available via application through the Tandem website, the company obtained its banking licence in January 2018. It launched shortly after with its Cashback Credit Card and three market-leading Fixed Saver accounts, along with an advanced app that aggregates bank accounts to give users full visibility and insight into their finances.

Tandem is now adding its second competitive credit card offering to its product suite, this time to a market that it believes is underserved.

The Journey Card is a way for those who haven’t had credit before to build up a strong credit profile. When paid on time, and without going over their credit limit, customers can use the Journey Card to achieve better financial health.

Increasingly people are realising the importance of credit scores for building a better future, be that helping them to get car loans, mortgages and better credit rates in the long-term.

One of the worst things about travelling abroad is constantly having to worry about being stung with fees when you get home but customers signing up to the Journey Card can make purchases overseas without incurring fees and will receive real time in-app updates as they spend, leaving out the nasty surprises.

The Journey Card offers the same overseas features as the previous card, plus the advantage of a smooth application even if users are new to credit.

This includes zero transaction fees on any purchases and cash withdrawals, 56 days interest free on any money spent and 24.9 per cent APR representative, variable.

Users receive all updates and communication via the app, helping banish documents being lost or exposed account information, along with powerful in-app budgeting tools.

The launch of the Journey Card goes hand-in-hand with Tandem’s banking app. The new card is fully integrated with its suite of credit-specific app features: the app can leverage the data from customer’s aggregated accounts to contextualise what they are spending on their Journey Card.

This way customers can not only see how much they have spent but also the amount of money that they have in the bank account that is used to pay their card off.

The app can also calculate a user’s available spending money based on their regular outgoings and bills. This comes together to make a package that helps customers spend and borrow responsibly.

"2018 continues to be a transformative year for Tandem," said CEO Ricky Knox. "Our customer numbers are growing and so is our suite of products.

“We set out to solve real people’s problems with money and with every new product we are in a stronger position to do just that. Credit cards are valuable tools and we’re helping people get the most out of them.”