When you use the Grow Credit Mastercard to pay for your Netflix, Amazon Prime, Hulu, Disney+, Spotify and others streamings, the company will automatically report your monthly payments to the three prime credit bureaus allowing you to rebuild you credit score.
This card also has no interest fee, if you want to know more about the Grow Credit Mastercard, keep reading.
What is the Grow Credit Mastercard?
In today world everybody uses subscriptions to streamings or other type of companies, thinking about that, Grow Credit created a credit card that allows you to build or increase your credit score just by paying those subscriptions you already have, or new ones you could get with this card.
One of the benefits of the Grow Credit is that you will get access to Fico score, that way, you can keep up with the increase of your score in real time, some people even see an improvement in the first month. To know more about how the Fico score works you can access the Glow Credit Blog.
The Grow Credit offers a Build Free plan, for you to get started in building your score, but you can also get ono of the other three plans that comes with more benefits.
The Grow Credit Membership Plans
Apart from the Build Free Plan, the Grow Credit offers three membership plans:
The Build Secured is an option for the people who does not meet the Build Free underwriting criteria. It offers $204 annual limit, and $17 spending limit per month, you get free financial education, access to you Fico Score and $12 in savings after at least 100 subscriptions paid in the first year.
The Grow Membership comes with $600 annual limit and $50 spending limit per month. You will have access to premium subscriptions, discount from select partners in their subscriptions and periodic balance increase, you also get access to the Fico score and $12 in savings after at least 100 subscriptions.
The Accelerate Membership will give you $1.800 annual limit, and $150 monthly spending limit. This membership will give you all the benefits of the Grow Membership with the addition of the feature: paying your bills through your phone and $24 in savings with more than 100 subscriptions in the first year.
Build your score with Grow Credit
You can use the Grow Credit Mastercard to show a repayment history to the credit bureaus using the payment of the streaming subscriptions you already have or you can make new ones. The Grow Credit helps you build your credit score with low interest rate fees by proving your credit line.
The Grow Credit reports to the following credit bureaus: Equifax, Experian, and TransUnion. If you paid your balance on time on every month, you will create a payment history, which represent 35% of your score.
Grow Credit Mastercard also start your length of credit history, representing another 15% of your score. Besides that, having a Grow Credit adds another line of credit in your name, representing other 10% to your score. You will be able to see Grow Credit on your credit report after your first payment.
More Benefits of the Grow Credit Mastercard
Grow credit is a startup that is aways looking to new ways to help their customers save money. For example, the Grow Credit is announcing a new partnership with Treads, if you pay your tires subscription using Grow Credit you can save 5%. Some other benefits are:
- With a Grow Credit Membership, you can get discounts in some other subscription companies.
- Earn free trials in companies such as: Canvas, Showtime, Starz and Tidal
- 35% off on the first three months of Keeps
- 68% off on NordVPN
- Existing members also gets new offers, you can check then out on the Grow Credit Blog.
- No interest and APR fees
- Free card, you only have to apply on the website, and can star enjoying the perks of the card!
Apply To Grow Credit
To have access to the Grow Credit Mastercard you already have to have at least one active subscription at partner companies of Grow Credit. Some of this companies are: HBO Max, Spotify, Hulu, Netflix, Dollar Shave Club, Tidal, Play Station, Kindle Unlimited, Uber Eats and Office 365.
If you want to know more about the Grow Credit Mastercard and how to apply, keep reading.