Otto | Unlocking the value of your car

Unlock your car to get ahead.

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No credit check.
No hidden fees.
Instant pre-approval.
Otto Mobile

Our mission is to provide everyone with the most accessible, most affordable, and most transparent credit by unlocking the power in their cars.

We empower you to instantly access standard interest credit by linking your car to our simple mobile platform.

Instant Pre-approval

Need some extra cash throughout the month? No problem. Get access to revolving credit in seconds.
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No credit check
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No hidden fees
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No need for a bank account

Spending Insights

See your spending habits and projected earnings with the financial dashboard.
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See spending categories
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View trends
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Identify overspending habits

Building Credit

Increase your credit score with everyday use and on-time repayments.
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Report to the major credit bureaus
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Activate auto-pay feature to avoid late payments
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Unlock rewards over time

How does it work?

1

Pre-approval in Seconds

Simply tell us a little about you and your car, and we will provide an instant credit line. We will never check your credit.

2

Vehicle Verification

Your car is your asset, and we empower you to use it for more than driving. We will give you the ability to remotely link your car to your Otto Credit Card.

3

Credit card activation

Simply follow the steps on screen to actvate your card.

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FAQs

What will my credit line be?

Tell me more!
Otto Credit Cards have credit lines ranging from $500 and $10,000. It depends on the make, model, mileage, and condition of your car among other factors.

Is it an actual credit card?

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Yes, the Otto Credit Card is a standard interest rate credit card that can help you build credit.

Are there any hidden fees?

Tell me more!
Nope, and we use alternative underwriting methods.

How long does it take to apply and activate the Otto credit card?

Tell me more!
Applications take less than the time it takes to make a cup of coffee ☕️. Once approved, you will receive your Otto Credit Card in the mail.

How many days do I have to repay?

Tell me more!
You will be billed every 30 days. This is called your Billing Cycle.

Your credit card payment is due 21 days after the day your Billing Cycle ends.

If I miss a payment, do I lose my car?

Tell me more!
No. If you miss a few payments or pay late, you will not lose your car. We exist to help people get ahead financially, and we want to support you as much as we can. If you can't make payments, give us a call or text us, so we can work with you on a new payment plan. As a lienholder, we can exercise our right to recover an outstanding balance, but this is our last option. Keep in mind that with our low APRs, your minimum monthly payment is likely much smaller than other lenders.
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