4.1
1.64K reviews
100K+
Downloads
Content rating
Everyone
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About this app

Bits is a credit building service which has helped thousands of people in the UK build credit for just £6/month.

The basic idea is that you get a Bits credit building subscription, and that opens up access to a whole host of member benefits. The only fee you ever pay is the monthly Bits subscription that you choose.

The full list of Bits services that open up to you once you have a Bits subscription include:

- Bits Store Card, you can shop in the Bits store (in app), where we offer a curated selection of electronics, and other consumer goods, available for purchase.

- Bits Credit Card, which lets you shop anywhere that Mastercard is accepted, with 0% APR and 0 late fees, and a foreign exchange rate that is the same as what you see on the Mastercard website

- Bits School of Credit, which has dozens of educational videos on credit building. These are not financial advice, and are general/non specific videos that you don’t pay for; they are free

- Bits Simulator, which helps you understand some general/non specific things that you should and should not do if you’re looking to build credit.

- Bits Rent Reporting, which helps you build credit by getting your rent reported (to Equifax)

- Bits Support: we are here, and will help you in any way we can! Our email is hello@getbits.app


REGULATORY STATUS

Although Bits (trading name of Fea Card Limited) is regulated as a firm by the Financial Conduct Authority (FCA), not all of our products are regulated, and you should be aware of this when you sign up. Furthermore, some of our regulated products have limitations on them, which are stated on the FCA website.

Here is the regulatory status of our products:

Bits Store Card - not regulated, as it is structured under exemptions in the Regulated Activities Order.

Bits Credit Card - The Bits Credit Card is not regulated, as it is structured under exemptions in the Regulated Activities Order. The Bits Credit Card is issued by Transact Payments Limited pursuant to licence by Mastercard International. Transact Payments Limited is authorised and regulated by the Gibraltar Financial Services Commission. Mastercard is a registered trademark and the circles design is the trademark of Mastercard International incorporated.

Bits Subscription - not regulated, as it is structured under exemptions in the Regulated Activities Order.

Score in app - regulated, using our credit information services permission, with FCA firm reference number 946683. To deliver this service, Bits is partnered with Equifax.

Rent reporting - Fea Card Limited is an agent of Plaid Financial Ltd., an authorised payment institution regulated by the Financial Conduct Authority under the Payment Services Regulations 2017 (Firm Reference Number: 804718). Plaid provides you with regulated account information services through Fea Card Limited as its agent. Specifically, this permission is used for our rent reporting service.

Bits Marketplace - regulated, using our credit broking permission, with FCA firm reference number 946683. To deliver this service, Bits is partnered with Freedom Finance Ltd, which is regulated by the Financial Conduct Authority (FCA) with firm reference number 662079 for providing credit broking services.


RISKS

Your score may go down: Using our credit building products has risks, mainly that your score could go down if you fail to pay on time.

Your score may not go up: there is no guarantee that your score will go up, although on average our customers do see a score improvement, as per our data.


GET IN TOUCH

We are a registered company in England, with Companies House number 11620703. Our company name is Fea Card Limited and registered address is 1 Hallswelle House, Hallswelle Road, London, NW11 0DH, United Kingdom.

You can reach us anytime via email at hello@getbits.app or by calling us on our UK number at 02074382090.
Updated on
13 Feb 2024

Data safety

Safety starts with understanding how developers collect and share your data. Data privacy and security practices may vary based on your use, region and age The developer provided this information and may update it over time.
This app may share these data types with third parties
Personal info, Financial info and 2 others
This app may collect these data types
Personal info, Financial info and 3 others
Data is encrypted in transit
You can request that data be deleted

Ratings and reviews

4.1
1.64K reviews
shane carter
30 January 2024
Extremely missleading, I was advertised this via my credit score app to "boost score" with an additional store credit limit so I applied for what I could afford. I paid £62 for a monthly fee and a store limit, then found out the money was taken out immediately not knowing what I could purchase. There is also a small amount of stores ypu can purchase from and on top of that when you apply for a gift card you still have to pay it either in full or 2 part payments. I'm hoping for a refund
49 people found this review helpful
Fea Card Limited
11 February 2024
Hi Shane, thank you for your message. Your account has been cancelled as per your request. If you need further assistance, please let us know.
Frankie Miller
6 February 2024
Terrible scam, not legit, the worst credit card company period, they make you take out a subscription for £14 a month before you can get a credit card then they offer you the card only after you have taken a subscription, Plus so many things wrong with this company, I will add a review on to trip adviser also.pleasw stay away from bits.
2 people found this review helpful
Fea Card Limited
11 February 2024
Hi Frankie, thank you for your message. Please note that in order to be able to apply for the credit card, you should sign up and activate your subscription. We have replied to your email, cancelled and the account as requested. If you have further questions, please let us know.
Imran Uddin
5 January 2024
Not sure what is up with this app just constantly says verification failed and all its asking for is basic details such as name, address, date of birth, phone number and how I heard about them and once completely says verification failed not sure how you fail to verify someone based on those details all being correct.. strange app
Fea Card Limited
17 January 2024
Hi Imran. We apologise for the difficulties you experienced while registering with us. We would love to help! Please contact us via hello@getbits.app and we will be happy to troubleshoot the issue effortlessly.