This App Is Like A Remote Control For Your Credit Cards

With CardControl, consumers can activate and deactivate cards as well as set shopping rules for location, transaction types, merchant categories, and spending limits.

When parents hand over a credit card to their kids, they can only hope it's used as intended--say, paying for gas as opposed to booze. But OnDot, a startup emerging out of stealth mode Thursday, aims to give cardholders greater control over their payments, allowing them to activate and deactivate cards as well as set rules for location, transaction types, merchant categories, and spending limits with an app called CardControl.

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