Tandem, a challenger bank based in the United Kingdom, has officially launched its first consumer product: a credit card that offers cashback on purchases, and does not charge exchange fees when users spend their money abroad.

Tandem, which gained notoriety for acquiring British bank, Harrods Bank in 2017, is seeking to become the center of financial life for its customers, similar to other neobanks in the U.K. such as Monzo and Starling Bank.

Its credit card, which is supported by Mastercard, will also provide users with real-time updates after they have made a purchase, the bank said. It is designed to pair with Tandem’s mobile app, a PFM service where consumers can link their existing bank accounts and other cards to track spending and use other budgeting tools.

Cashback on the card is set at 0.5% for every purchase, as reported by TechCrunch today. The bank is also not charging a monthly fee for use of the card.

Users can apply for the card now on Tandem’s site.

Read more at TechCrunch, Finextra, and Tandem.

To learn more about credit cards and challenger banks, join us on March 5-6, 2018 at the Parc 55 in San Francisco for Bank Innovation 2018. Click here to register.