Zerocard has four levels, namely Carbon, Magnesium, Graphite, and Quartz, which offers users cash back of 1% to 3% on purchases as well as additional rewards. In order to receive cash back and rewards of more than 1%, a user’s Zerocard balance needs to be completely paid on a monthly basis from deposits in a Zero account. Zero founder and CEO Bryce Galen said: “I started Zero because I was frustrated with the offerings from big banks. I was torn between using a debit card to stay on top of my spending and using a credit card to get rewards, and I wanted to manage my day-to-day finances from an app that’s easy to use, beautiful, and powerful. “Many other people shared my belief that banking could be far better and more rewarding, so I decided to start Zero.”

https://www.verdict.co.uk/retail-banker-international/news/zero-financial-secures-16m-investment-introduces-cards-cash-back/