Download Placid Money app
Get a link to your email, scan a QR code on the right, or tap the App Store button
Security-first with
Cut APRs on Your Credit Cards
Never pay above 12% interest rates
Only $0.99/m for 3 months then $4.99/m
Placid tracks rollover balances on your credit cards and transfers them to a 12% APR credit line from the cards with higher APRs. No balance transfer fees, no late fees, no overdraft fees, no tricks. Join thousands of our users who save hundreds of dollars on interest every month, payoff balances faster, and enjoy card perks stress-free.
FICO 660+ and good credit standing required. Not a debt consolidation service.
Your credit card bills get paid with our money. You reimburse us up to 45 days later from any of your accounts. No late fees. No overdraft fees. No interest. No minimum FICO.*
Zero interest, no fees
Auto offload balances from your cards to Placid and protect your score if card utilization goes up. No interest charged!**†
Improved
Credit Score
Credit Score
Set autopay above minimum payments. See how much you save on interest with accelerated payoff.
Faster Auto Payoff
You pay on time, Placid co-pays 1.2%.
Get cash rewards for paying off
Save
thousands
on interest
thousands
on interest
Automatically reduce APR on card balances you carry. Keep using your cards.**
Easily build assets. It's the best way to stop rolling balances for good.
Auto invest
the cash
you save
the cash
you save
Unlock Major Benefits
in Just 3 Months
in Just 3 Months
††
Get notified on all your bill payments scheduled and executed. Choose an account to pay us back to have everything on autopilot. Keep using your cards normally. You'll never hit a late payment or an overdraft fee.
Watch
your cards
get paid
your cards
get paid
Get started
in only 3 minutes
in only 3 minutes
How it Works
Download the app, securely connect your cards and get a 0% APR credit line ready to pay your card bills. Placid checks your eligibility with a soft credit pull that doesn't affect your credit score.
Track
and adjust
your progress
and adjust
your progress
Choose how much to pay above minimum payments and track your accelerated payoff and interest savings. Enable automated balance transfers to cut APRs and watch you investments 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 case.† Placid prevents late payments and reduces the amount of debt on your cards, which has a great positive effect on the score. You can improve the score further by paying on time to Placid.
No fees are charged If you're late with payments to Placid, but your credit score will be negatively affected.
No fees are charged If you're late with payments 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 actively use multiple credit cards or roll credit card balance, Placid is for you. Placid is great at making your credit cards hassle-free and cheaper.
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.
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?
No minimum credit score or card balance is required, but we run a soft credit check to verify you're in good standing and open a credit line for you when you start using our bill pay features.
Features like cash rewards, lower card APRs and auto investing are only available to customers who have at least 3 months of history with us.
Features like cash rewards, lower card APRs 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.
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?
Placid charges a small $4.99 monthly subscription fee to cover bill payment transaction fees.
A low interest rate is charged on balances transferred to Placid from your cards. Only high APR balances can be transferred, so that you always save money.**
A low interest rate is charged on balances transferred to Placid from your cards. Only high APR balances can be transferred, so that you always save money.**
Only $0.99/m for the first 3 months
Early Access
Join Placid Money
I agree that Placid will inform me by e-mail about financial products and services. My data will be used exclusively for this purpose.
* 0% APR is applied to up to $500 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.
** 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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