1043 votes - Finance - First release: 2019-11-25T08:00:00Z
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Description - 4+
Grow is a free Mastercard that pays your subscriptions and builds credit on all three credit bureaus for free with no credit required. 81% of Grow users increased their FICO score by an average of 30 points after 4 months of paying their Grow account on time. * Grow is a financial inclusion platform that enables consumers to build credit without accumulating more debt. Techcrunch.com adds that Grow " is a pretty elegant way to solve a problem that’s a real barrier to entry for a large number of financial services. Credit scores can impact mortgages, the ability to receive small business loans and a host of other services that are ways to boost economic opportunity. " Creditcards.com calls Grow " a very useful tool for climbing the ladder an eventually qualifying for a better card". --------- According to Experian: " There are nearly 100 million Americans with poor credit or “thin” credit files who might not be able to qualify for a loan. What is a thin credit file, you ask? A thin file is a credit file with less than five trade lines, which makes it difficult for a lender to assess a consumer as a lending risk, because there isn’t sufficient information. Why does that matter? Put simply, a thin credit file can keep a consumer from accessing credit. And, often, no credit can mean no car sale, or interest rates that are too high for a consumer to accept.” --------------- How does Grow Credit help? Grow is the only platform to add a trade line for free to a consumer’s credit score on all three major credit bureaus and so much more! * Registration subject to approval. Memberships - Build Membership - • Cost: Free • Free FICO Score • $17 starting monthly balance • Plan duration: 12 months • Credit score education blogs and quizzes. • Automatic subscription detection - Grow Membership - • Cost: $4.99 per month • Build credit with your Cellphone Bill ( AT&T, T-Mobile, Verizon, Sprint) • $50 starting monthly balance • Free FICO Score • Plan duration: 12 months - renewable. • Access to premium subscriptions • Credit score education blogs and quizzes. - Accelerate Membership - • Cost: $9.99 per month • Build credit with your Cellphone Bill ( AT&T, T-Mobile, Verizon, Sprint) • $150 starting monthly balance • Free FICO Score • Plan duration: 12 months - renewable. • Access to premium subscriptions • Credit score education blogs and quizzes. The entire Grow Credit team is looking forward to assisting you throughout your credit building journey. Security • Your data is protected with 256-bit encryption bank-level security, and never stored on your devices. This app is operated by Grow Credit Inc. Any questions and suggestions can be directed to [email protected] *Actual Grow Credit data. Sample size of 421 Grow accounts having balances and four consecutive months of on-time payments.