Extra is required to report late payments, which may negatively impact your credit score. Impact on your credit score may vary depending on your use. Increases or specific changes to your credit score are not guaranteed. ✚ll transaction and account activity is subject to review and approval by both Extra and the Issuing Bank. Your eligibility for the Extra Debit Card is the decision of the Issuing Bank. Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who applies for an Extra Debit Card. Cardholders must be at least 18 years old and a citizen of the United States, or a permanent resident with a valid social security number (SSN) or ITIN. Banking services provided by and the Extra Mastercard Debit Card is issued by Evolve Bank & Trust, Member FDIC (“Issuing Bank”), pursuant to a license from Mastercard USA. The Aligned Company d/b/a Extra (“Extra”) is a technology company, not a bank. You also gain access to the Extra App, where you can track your spending, and access content like podcasts, interviews, and more-just for members.įor those who’d like an added boost, our Credit Building + Rewards plan enables you to earn Reward Points with every swipe which can be redeemed in our Extra Rewards Store, where you can get your hands on your favorite brands and hard to find products. Regardless of which plan you choose, both allow you to build credit with your Extra Debit Card and include 24/7 white-glove Concierge support. We don’t believe in interest or hidden fees therefore, our membership rates are all-inclusive. *Account must be a Plaid compatible personal checking accountĮxtra offers two membership levels: Credit Building and Credit Building + Rewards. Check out for more information on practicing good credit habits. ✨ And yes, it really works: Extra members raised their credit score by 48 points¹ on average by regularly swiping and practicing good credit habits such as not defaulting on any other credit line and not utilizing too much of their total available credit. There you have it, the very first debit card that builds your credit. ![]() ![]() One of the main contributors to increasing Spend Power is continuing to build positive payment history with Extra.Įvery time you swipe your Extra Debit Card, we spot you for the purchase and automatically pay ourselves back the next business day (processing can take a couple days).Īt the end of each month, we send payment information to the credit bureaus (like Equifax and Experian) that can help build your credit, as long as you keep paying us back for the purchases we’ve spotted for you. ![]() We then give you a spending limit (we call it Spend Power) based on various factors within your application-with no credit checks whatsoever. First, you connect your bank * account with Extra.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |