One of the popular financial apps is Grow Credit. The Fintech company uses a unique tactic to help members improve their credit scores.
Grow Credit offers members a no-cost credit card to cover the cost of their online subscriptions, establish a solid payment history, and acquire a favorable history with all three major credit bureaus.
Users can either establish or boost their scores via this intriguing method. Other benefits are free classes in financial literacy and easy access to FICO scores.
With nearly a half-million Google Play downloads and more than that on the App Store, Grow Credit has a loyal following among consumers who are in search of better credit scores. However, there are other alternative apps as well.
Here are 10 popular apps like Grow Credit, along with a short description of each one. Folks who are interested in building or rebuilding their credit should explore each one to see how it suits their particular needs.
Arro Card:
With low-interest and zero deposit requirements, the Arro card works as a credit-improvement and building app for users who want a lot of features.
Users can rapidly boost their spending limit, save, learn, budget, and set various goals.
The company says that Arro is the only app of its kind that offers credit-building help alongside financial education.
There are shopping tips to save money on groceries, tools for banishing credit card debt, and advice about how to save more efficiently.
Users can take advantage of a small credit-builder loan on which they can make regular payments and improve their scores more quickly. It’s available on both Google Play and the App Store.
BrightWay Credit Card Mobile:
The BrightWay Credit Card Mobile app serves as a service that helps users manage their credit card accounts.
You can activate your cards quickly, schedule payments, keep tabs on rewards, and more. For credit-building purposes, the app reports all user payment activity directly to credit bureaus.
Those who wish to boost, rebuild, or establish credit scores can do so by making on-time payments. You can also get a loan for $50 or more to assist you in augmenting your payment history and scores with the agencies.
Along with personalized suggestions and financial recommendations, the app helps users track their numerical scores. The BrightWay Credit Card Mobile app can be downloaded on Google Play or from the App Store.
Intuit Credit Karma:
For consumers who prefer credit monitoring, customized financial recommendations, free credit score information, and a credit-building feature all in one card, the Intuit Credit Karma card has plenty to offer.
There’s also a checking account feature that allows users to access their paychecks a few days early, a high-yield savings account with no fees, and a data page that displays your chances of being approved for various credit cards and personal loans.
All your payment history goes straight to the bureaus, which means you can boost your scores by making timely payments.
Plus, cardholders get personal suggestions about loans and free credit score tracking. There are also ideas for folks who want to develop healthy spending habits.
Experian:
Along with a no-cost Experian membership, Experian cardholders get free FICO scores, free credit reports, and helpful advice about how to build smart credit use habits.
All payment history of cardholders goes directly to the major bureaus, so you can enjoy a higher score after just a few months of card usage. To do so, you’ll need to make payments on time.
However, the Experian card is useful for consumers who want to boost or establish credit.
Based on scientific methods, the card works to guide users in wise techniques for achieving their financial goals. Available on Google Play and the App Store.
Kikoff:
Users of the Kikoff credit-building app get access to a comprehensive credit score and credit line monitoring service.
The app is specially designed to help users minimize their total credit utilization, a practice that can help boost scores in most cases.
In addition to expert financial advice and suggestions, the Kikoff app works to increase users’ scores by reporting data about alternative payments to the bureaus. The mobile app is available via the App Store and Google Play. There is a $5 monthly fee for using the Kikoff app.
Grain:
Users of the Grain credit-building app can access a feature that many other cards don’t offer.
They can leverage the power of their checking account balance to gain access to a line of credit for immediate use. In many ways, Grain’s app is like a more user-friendly version of a traditional credit card.
There are other features that cardholders can employ, like credit score tracking and learning about customized financial recommendations.
After a 21-day grace period, Grain charges holders a flat interest rate (APR) of 15% if they agree to use autopay.
It’s possible for consumers who sign up for a Grain card to augment their credit scores if they make timely payments via the Grain app. Users can gain access to the credit line regardless of their credit history or credit scores.
Self:
If you make fixed monthly payments on your Self credit-builder loan for a set period of time, you can increase your scores.
Another feature Self users get is personalized financial recommendations and credit score tracking.
The Self app uses algorithms and scientific formulas to help cardholders reach their financial goals. The app is designed to give users financial knowledge so that they can improve their overall situation. For those who wish to rebuild, improve, or establish credit, Self reports to all the major bureaus. There are no minimum credit scores or history required to get approved for the Self card.
Credit Sesame:
The three main features of the Credit Sesame app are customized financial recommendations, full-scale credit monitoring, and no-cost credit scores.
However, it also has a feature for users who want to boost their scores by having all their payments reported directly to the major bureaus.
And if you want to get a personal loan or a new credit card, there’s a feature on Credit Sesame’s app that reveals your odds of getting approved.
Improve your current credit scores, rebuild from any level, or establish a financial history if you don’t already have one.
That’s all possible by making on-time payments on your Credit Sesame card. If you make fixed monthly payments on their credit-builder loan, you can see your scores improve within a short time.
The issuer advertises that the app empowers cardholders by giving them financial knowledge.
Ava:
Available from Google Play and the App Store, Ava’s credit-building app has features called “Savings Builder” and “Credit Builder,” both of which give users a chance to get back on track, put some funds aside for emergencies, and build up their scores.
They offer a credit-builder loan like many other apps, and the Ava loan also helps users get a score boost if they make regular, on-time payments.
Cardholders will see all their activity sent to all three of the major bureaus, which can help increase scores within a few months by having a varied mix of credit, older accounts, and regular payments.
Brigit:
Consumers who sign up for the Brigit credit-builder app can get paycheck advances to the tune of $250.
Those funds help accountholders avoid overdraft fees or just get access to some ready cash when faced with an emergency.
The Brigit app offers multiple features, like identity protection insurance, credit monitoring, budget tracking, credit-builder loans, and help finding online jobs.
The personal finance app reports payments to the three bureaus to help cardholders boost their scores. There are no credit history or score checks for applicants.
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