Grow Credit

Grow Credit Inc.

About this app

With over 400,000 downloads, Grow Credit, featured on the 2022 Forbes Fintech 50 and recognized as one of America's most innovative companies, helps consumers build credit for free using their subscriptions, with no prior credit history required.

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 4 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
- Cost: $2.99 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)
- Cost: $4.99 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)
- Cost: $12.99 per month

Additional Features:
- Plan duration: 12 months - renewable.
- Free FICO Score
- Free credit education blogs and tutorials.

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 [e-mail].

Ratings and reviews

Don't sign up for this if your credit is already good. This app cost me -29 points . It wasn't clear that a credit line would be added to my credit report. "no credit check" was very misleading. As if they would not affect your credit. Went from 719 to 690. The additional line of credit was definitely not expected and I would not have signed up if it was clearly made known. I had just opened a 6th account with AMEX. I had 0 intent to add any lines of credit for some years. Remove from my report

$0 fee and no hard pull for a new trade line reporting payment history to all three bureaus is pretty hard to complain about. With the free plan you need to have a job and link your bank account, and your credit line is only $17/month, but put a subscription you had anyway on it and you'll bulk up your payment history, maybe credit mix too. It's good if you're just starting to build credit, not as useful if you've got a lot of history already.

It's for building credit, that's it. The results take time, the entire credit building / credit repair process takes time. If you think you'll sign up and see an improvement in your score within a few weeks you won't, that's not how any credit builder app works. This should be one of many apps like this you use. Payment history, length of credit history and credit mix together make up 60% of your score. Apps like this, 4-6 total IMO, are part of fixing your score.

What's new

Build credit Fast by 44pts with the Grow Debit Mastercard by leveraging your subscriptions and cell phone plans!
- Bug fixes and performance enhancements.