Mogo Card No credit card aftershock Mogo Money Get up to $2500 today Stores Help RE-LOANVISA SIGN IN Be Surprised! Get the best of Mogo delivered straight to your inbox. Legal mumbo jumbo I agree to receive exclusive offers, contest alerts, product tips, and company information from Mogo Finance Technology Inc. and the Mogo group of companies through email. I understand that Mogo is requesting consent on its own behalf and on behalf of the Mogo group of companies and that I may unsubscribe at any time. For contact information for Mogo and the Mogo group of companies click here Made in Vancouver “A bank is a place that will lend you money if you can prove that you don't need it.” BOB HOPE It wasn’t that long ago when we used to go to a video store to rent a movie, or buy a CD to get a song. Now with Netflix and iTunes, it’s only a click away. We believe this same level of disruption is on its way to banking, and just like iTunes and Netflix, it won’t come from the existing players. Last year Canadian banks made a record $29 billion, while the average Canadian hit a record $27,000 in consumer debt. So while the banks continue to get rich, the rest of us continue to pile on the debt. It’s no surprise that a recent study showed that many consumers would rather go to the dentist than listen to what the banks have to say. Well, we think it’s time for a change, and believe there’s been a real lack of innovation in Canadian financial services. We believe that consumers want more convenient and innovative solutions delivered in a simple and transparent way. We also think that adding a little fun and excitement may be just what the doctor ordered. We’ve chosen to begin with some of the areas where consumers are most underserved and overcharged. We all love the convenience of credit cards, but unfortunately they make it too easy to spend money we don’t have. The Mogo Prepaid Visa Card gives you the convenience of a credit card without the risk of overspending and without any monthly fees. What’s more, you get to choose from over 40 unique designs and even switch them up whenever you want. The internet has helped bring a new level of convenience to so many things and we think consumer lending should be next. Borrowing money shouldn’t be full of hassles, headaches and waiting for an approval. Instead, there should be transparency, anytime accessibility, multiple options and the ability to earn better rates and terms, even if you have less than perfect credit. This will be the future of consumer lending and we’re focused on leading the way. We’re starting with an innovative line of short term loans that challenge conventional wisdom by giving people access to smaller amounts that are meant to be paid back quickly. Long term loans are next, and we’re working hard to launch them as soon as we can. Our “level up” program lets people with not-so-good credit work their way to better rates. Our goal is simple: convenient online access to a full range of loans, no matter what your situation. This is only the beginning and we know we have a long way to go. Challenging the status quo will be an ongoing part of how we do business. Not every idea will be a winner, and we know we’ll make some mistakes along the way. But as long as we continue to listen to our customers, we’ll be well on our way to making banking seem as old as renting a movie from a video store. Mogo on! - Dave Feller, Founder & CEO Careers at Mogo So far, we’ve changed the game for short-term loans and we’re about to blow up the credit card world with our new Mogo Prepaid Visa Card. What’s next? Well that’s where things get really exciting. Learn more About Mogo Company About Mogo Careers Contact Pressroom Mogo Card fees Community Blog Facebook Twitter Pinterest Instagram Help Help centre Leave feedback 1.800.980.Mogo(6646) help@mogo.ca ©2014 Mogo Finance Technology Inc. All rights reserved. Made in Vancouver. Mogo and the Mogo designs are trade-marks of Mogo Finance Technology Inc., used under license. Visa® is a registered trademark of Visa International Service Association and used under license. Mogo Prepaid Visa Cards are owned and issued by All Trans Financial Services Credit Union Ltd. a TM licensee of Visa Int. and subject to Terms and Conditions. Use of the card is governed by the Agreement under which it is issued. Mogo Financial (B.C.) Inc. Licence 50019 & 50017 / Mogo Financial (Alberta) Inc. Licence 326985 / Mogo Financial (Ontario) Inc. Licence 4716734 / Mogo Financial Inc. Licence BC 50022 Ontario 4716733. Privacy Policy / Terms of use *Ontario maximum allowable cost per $100 borrowed is $21. Our cost per $100 borrowed is $10.50 for 14 days, $21 for 14 days or $21 for 30 days. Example: For a $300 loan for 14 days the total cost of borrowing is $31.50 or $63 or for a $300 loan for 30 days the total cost of borrowing is $63. In BC and Alberta based on $11.50 per $100 for 14 days (APR 299.8%), $23 per $100 for 14 days (APR 599.6%) and $23 per $100 for 30 days (APR 279.8%).