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What is Grow Credit? How does Grow Credit work?
What is Grow Credit? How does Grow Credit work?
Grow Credit Team avatar
Written by Grow Credit Team
Updated over a week ago

Grow Credit is dedicated to lowering the barrier of entry for millions of Americans who need to establish and build credit by allowing customers to pay for their subscriptions through an interest-free virtual MasterCard. You can use your Grow card to pay for recurring subscription services such as Netflix, Hulu, Spotify, and many more. Grow Credit is structured as an annual line of credit.

Grow has a simple system to help consumers with their credit-building needs:

  1. Sign up with Grow Credit, either through our iOS app, Android app, or on our website.

  2. When approved, we will issue a virtual MasterCard to access your loan. The monthly limit depends on which plan you choose and your eligibility.

  3. Switch your payment method to Grow from your account settings for whichever subscriptions you choose to pay with your virtual card.

  4. Each month, we email a PDF statement and your payment is automatically withdrawn from your linked bank account 10 days later. Grow Credit does not charge interest on the loan.

We report your monthly repayments to the three major credit bureaus: Equifax, Experian, and TransUnion, so you can build your repayment history. Using Grow can positively affect your FICO score over time. For more info on FICO scores, please visit:

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