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 a virtual MasterCard. You can use your Grow card to pay for Netflix, Hulu, Spotify, and many more.
Grow provides a repayment history for subscriptions without the high cost of credit cards.
Grow Credit helps you build your credit score in several ways:
Automatically having your balance paid in full every month creates a solid payment history, which is 35% of your FICO score.
If you have no current credit, Grow starts the clock on your average length of credit history, which is 15% of your FICO score.
Grow adds another line of credit to your credit mix, which is 10% of your FICO score.
Grow Credit does not conduct a hard credit check, so opening the account does not negatively affect your score.
For more information about the factors that can affect your credit score, see this article from MyFICO.