2894 votes - Finance - First release: 2019-11-25T08:00:00Z
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Description - 4+
With over 200,000 downloads, thousands of Americans are using Grow Credit to build credit for free using their subscriptions, no prior credit history required. As featured in the App Store “ Hot This Week” section. Your credit score is different on Experian, Equifax, and TransUnion. Having a strong score on all three matters as mortgage lenders, car dealers, and credit card companies often review more than one to determine a consumer's creditworthiness. Grow helps you boost your credit score quickly on all three. Grow your credit with your subscriptions in three easy steps: - Apply for your Grow MasterCard. - Link your bank account. - Add your subscriptions: Netflix, Hulu, Spotify, or over 100 others. Your subscriptions will be billed to your Grow MasterCard, and we’ll automatically debit your bank account every month and report your progress to all three credit bureaus. A better credit score means lower interest rates on future loans, which could save you tens or even hundreds of thousands of dollars. Applying for Grow will not result in a hard credit pull and will not affect your credit score. The press raves about Grow: Techcrunch.com: 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: Grow is "a very useful tool for climbing the ladder and eventually qualifying for a better card." Nerdwallet.com: "The Grow Credit Mastercard is ideal for those with no credit or poor credit." Grow offers 5 plans: * Build Free - Reports a $204 credit line to Equifax, Experian, and TransUnion - $17 monthly spending limit - Option to upgrade to a Grow membership after 6 months of consecutive on-time payments - Cost: Free * Build Secured - Reports a $204 credit line to Equifax, Experian, and TransUnion - $17 monthly spending limit - Option to upgrade to a Grow membership after 6 months of consecutive on-time payments - $17 security deposit required - refundable after 12 consecutive on-time payments - $12 savings in the first year with one of over 100 popular subscriptions - Cost: Starts at $1.99 per month * Build Student - Only available to current students - Reports a $204 credit line to Equifax, Experian, and TransUnion - $17 monthly spending limit - Option to upgrade to a Grow membership after 6 months of consecutive on-time payments - $17 security deposit required - refundable after 12 consecutive on-time payments - $12 savings in the first year with one of over 100 popular subscriptions - Cost: $1 per month * Grow - Reports a $600 credit line to Equifax, Experian, and TransUnion - $50 monthly spending limit - Access to premium subscriptions, including your cell phone bill (AT&T, T-Mobile, Verizon, or Sprint) - $12 savings in the first year with one of over 100 popular subscriptions - Cost: $3.99 per month * Accelerate - Reports an $1,800 credit line to Equifax, Experian, and TransUnion - $150 monthly spending limit - Access to premium subscriptions, including your cell phone bill (AT&T, T-Mobile, Verizon, or Sprint) - $24 savings in the first year with one of over 100 popular subscriptions - Cost: $7.99 per month Additional Features - Plan duration: 12 months - renewable. - Free FICO Score - Free credit education blogs and tutorials. ** Effective rate is $1.99 ($2.99 - $1 subscription savings) for the first 12 months then $2.99 thereafter We look forward to assisting you in your credit-building journey! Security • Your data is protected with 256-bit encryption bank-level security, and is never stored on your devices. This app is operated by Grow Credit, Inc. Questions or suggestions can be directed to [email protected].