The card is backed by BCP and Visa and has no annual or monthly membership fee. Cardholders receive 1% cashback on their spending, with the brand promoting unlimited cashback; eligible new customers may also receive up to S/100 back on initial purchases, subject to terms and conditions.

The iO app lets customers manage their card and review spending by category, helping them understand where their money goes. iO also offers a levels program, with benefits that improve as customers use the card, as well as referral rewards and promotional campaigns. The card can be used to pay for services and make purchases, and the brand highlights its potential to help customers begin building a credit history. Applications are evaluated using customer data, which iO says is encrypted and used only for that assessment.