Yotta Credit Card: A Wild Review & Opinions. Is It Coming Back?

The Yotta Credit Card is easily the most unique and differentiated card we’ve been. We explain the details…

Updated February 2024
Fact checked by John Wayman
Yotta Credit Card featured image

Discover the Benefits of Yotta Credit Card

In today’s fast-paced world, credit cards have become an essential financial tool. They offer convenience, flexibility, and rewards for managing your money. However, with so many credit cards available in the market, choosing the right one can be a daunting task. The Yotta Credit Card is one such option that has gained popularity recently. In this article, we will discuss the various benefits of the Yotta Credit Card and how it can help you save money.

The Yotta credit card really is the most unique concept we’ve seen. 

We were incredibly skeptical when we first started digging into this card, thinking that the lottery concept was likely to be a huge gimmick. After a more detailed review, though, we think there’s some merit behind this card worth considering. 

Understanding the Yotta Credit Card Concept

Before we delve into the benefits of the Yotta Credit Card, let’s first understand the concept behind it. The Yotta Credit Card is not your typical credit card. It is a unique card that combines the features of a traditional credit card with the chance to win daily and weekly prizes.

What is the Yotta Credit Card exactly?

The Yotta Credit Card is a revolutionary new credit card that offers its users a chance to win big. The card is designed to reward its users for their spending habits, while also encouraging them to save money. The card is issued by Yotta Savings, a financial technology company that aims to help people save money and build wealth.

The Yotta Credit Card is a Mastercard that can be used anywhere Mastercard is accepted. The card offers a cashback feature, which means that users can earn a percentage of their purchases back in cash. But what sets the Yotta Credit Card apart from other credit cards is its unique prize system.

How does the Yotta Credit Card work?

Every time you make a purchase using the Yotta Credit Card, you earn virtual tickets that are entered into a daily and weekly prize pool. With every $25 purchase, you earn one ticket, and there is no limit on the number of tickets you can earn. The more tickets you have, the higher your chances of winning. The prize pool is funded by the interest earned on the cardholders’ deposits, which are held in an FDIC-insured savings account.

What’s more, the Yotta Credit Card also offers a savings account that pays a relatively high-interest rate. The savings account is linked to the credit card, and every time you make a purchase, a portion of the transaction is automatically transferred to your savings account. This means that you can save money effortlessly, without even thinking about it.

While we’re no fan of savings accounts, at least the one they advertise has a reasonably high rate (at the time of writing), not like the disastrously low rates you see with many savings accounts, like 0.1%. 

The Yotta Credit Card also offers a feature called “Boosts,” which allows users to earn extra tickets by completing certain tasks. For example, you can earn extra tickets by referring friends to the Yotta Credit Card or by setting up direct deposit. The Boosts feature is a way to increase your chances of winning.

Overall, the Yotta Credit Card is a new concept in the credit card industry. It offers users a chance to win big while also encouraging them to save money. With its unique prize system, high-interest savings account, and Boosts feature, the Yotta Credit Card is an interesting choice for anyone looking to make the most of their spending habits.

Largest lottery ever in the USA was $1.5B+

Key Differences Between Fixed and Variable Rate Credit Cards

Key Features of Yotta Credit Card

The Yotta Credit Card is more than just a credit card. It can be a financial tool that offers a range of features designed to help customers save money and enjoy greater financial freedom. Here are some of the key features that make the Yotta Credit Card stand out:

No Annual Fee

One of the most significant advantages of the Yotta Credit Card is that it does not charge an annual fee. This means that customers can enjoy all the benefits of a credit card without having to pay for the privilege. This is especially beneficial for customers who are looking for a cost-effective way to manage their finances.

Competitive Interest Rates

The savings account that comes with the Yotta Credit Card offers highly competitive interest rates. This means that customers can earn more money on their savings than they would with a traditional savings account. The savings account is FDIC-insured, so customers can be confident that their money is safe and secure.

Cashback Rewards Program

The Yotta Credit Card also offers a cashback rewards program that is credited directly to the savings account. For every $10 spent, customers earn one ticket for the weekly prize and an additional 0.3% cashback. This means that customers can earn money simply by using their Yotta card for everyday purchases.

What’s more, the Yotta Credit Card rewards program is designed to be fun and engaging. Customers can play games and participate in weekly prize draws, making it a more interactive experience than traditional credit card rewards programs.

Security and Fraud Protection

The Yotta Credit Card takes security and fraud protection seriously. The card comes with advanced security features, including EMV chip technology and real-time fraud monitoring. This means that customers can use their Yotta credit card with confidence, knowing that their transactions are secure.

In the unlikely event that fraud does occur, the Yotta Credit Card provides 24/7 access to customer service representatives who can help customers resolve any issues quickly and efficiently.

Overall, the Yotta Credit Card is an excellent choice for customers who are looking for a credit card that offers great rewards, competitive interest rates, and robust security features. 

How to Maximize Your Savings

If you want to maximize your savings with the Yotta Credit Card, there are a few things you can do. First, use the card for everyday purchases and pay off the balance every month to avoid interest charges. This will help you earn tickets for the prize pool and earn interest on your deposits.

Another way to maximize your savings is to take advantage of the Yotta Savings Bonus. This bonus allows you to earn additional tickets for the prize pool by maintaining a certain balance in your savings account. The more you save, the more tickets you earn, increasing your chances of winning big!

Comparing Yotta Credit Card to Other Credit Cards

When comparing the Yotta Credit Card to other credit cards, it is clear that the Yotta Credit Card is on the higher end of savings potential and has unique features not found in most other cards.

Additionally, the Yotta Credit Card’s high-interest rate savings account is a feature that sets it apart from other credit cards. Most credit cards do not offer savings accounts and those that do often offer lower interest rates than the Yotta Credit Card.

Real-life Examples of Yotta Credit Card Savings

Many Yotta Credit Card customers have reported significant savings through the high-interest rate savings account and the chance to win prizes. One customer reported saving over $1,000 in just six months by using the Yotta Credit Card for everyday purchases. Another customer reported winning a prize of $10,000 in the Yotta Prize Pool, which helped them achieve their financial goals.

The are over a billion credit cards in use in the united states

Yotta Credit Card’s Unique Lottery System

The Yotta Credit Card’s unique lottery system sets it apart from other credit cards, making it an attractive option for customers who value the chance to win big while also saving money.

How the Lottery System Works

Every day, Yotta Credit Card draws one winner from the pool of tickets earned that day, with the prize ranging from $0.10 to $10,000. Every Sunday, a weekly drawing is held, with the prize ranging from $10 to $25,000.

Chances of Winning and Prize Breakdown

The chances of winning vary depending on the number of tickets earned and the size of the prize pool. However, the Yotta Credit Card offers better odds of winning than most state lottery programs, making it an attractive option for those looking to strike it lucky.

Testimonials from Yotta Credit Card Winners

Many Yotta Credit Card winners have reported significant savings and life-changing experiences through the lottery system. One customer reported winning $5,000, which helped pay off credit card debt, saving hundreds of dollars in interest charges.

When is the Yotta Credit Card coming back?

As of now, the card is not open to new applicants. Yotta has not yet released guidance on when they may open up again.

This is not uncommon with credit cards, especially new concepts. When the credit card company reaches or exceeds its target number of customers, they often pause new applications. They do this to give themselves time to check that they have actually been acquiring the customers they wanted and that those customers are paying and borrowing at favorable rates.

We’re keeping an eye out for when they reopen and will let you know when that happens. 

The Yotta Credit Card can be a psychological hack to help you save more

The Yotta Credit Card offers a unique concept that combines savings and the chance to win big, making it an attractive option for customers looking to manage their finances while also enjoying the excitement of a lottery system. With its high-interest rate savings account, cashback rewards program, and robust security features, the Yotta Credit Card offers significant savings potential and peace of mind. So, if you are looking for a credit card that offers more than just convenience, the Yotta Credit Card may be the right choice for you.


  • Yotta’s own website

Editor's Note:

At Personal Finance Guru, we want to help you maximize your lifestyle through personal finance. You can trust the integrity of our independent financial advice. Our opinions are our own and have not been provided, reviewed, approved, or endorsed by any advertiser or financial product provider. To support and grow the site, however, we may receive compensation from the issuers of some products.
Cathy Gresham

Cathy Gresham

Editor & Author

Cathy Gresham is a finance whiz. 

After earning her MBA from The Wharton School, she has worked in strategy at some of the world’s largest and most influential financial companies for 20+ years. Notably, she has worked for the biggest credit card issuers and networks and brings an insider’s perspective to how credit card products work behind the scenes.  

Cathy is passionate about personal finance and investing, and loves helping people learn about these complex topics. Her wit and humor make learning about money fun, and she’s always happy to share her knowledge with others.

Cathy enjoys spending time with her family and friends when she’s not crunching numbers or developing investment strategies. She’s also an avid runner, and can often be found pounding the pavement on her morning jog.