Grow Credit Launches Innovative Credit Plans Starting At $ 1 / Month

LAS VEGAS–(BUSINESS WIRE) – Today at Money 20/20, Credit IncreaseA financial integration platform committed to building credit and improving credit scores has announced the launch of three innovative projects to help U.S. consumers build and build credit using their monthly subscription payments.

Grow Credit’s customer-centric approach allows Americans to build their credit history and increase their financial literacy. The platform combines a small dollar loan with a virtual Grow Credit Mastercard designed exclusively for the payment of 100+ popular subscriptions, including Netflix, Disney +, Spotify and Amazon Prime. For just $ 1 a month, users can organize and maintain their subscription payments while setting up or creating their own credit at all three credit bureaus.

“Millions of Americans are struggling with how to build and grow their faith,” said Joe Bayen, CEO and founder of Grow Credit. “Our mission is to offer a tangible solution while enhancing the financial literacy of users. “We are excited to unveil these membership schemes that work in conjunction with the Grow credit card and popular subscription services, and we hope the platform will continue to have a positive impact.”

The platform’s three improved pay-per-view programs include:

  • Create a secure subscription – Starting at $ 1 / month for the first 12 months, these cards have a monthly spending limit of $ 17. Grow Credit reports $ 204 to all three major credit bureaus and users receive a monthly credit of $ 1 which can be applied to their Grow Credit account by debiting more than 100+ recognized subscription-based companies.
  • Subscription increase – This program starts at $ 3.99 / month for the first 12 months and the cards have a monthly spending limit of $ 50. Grow Credit reports $ 600 to all three major credit bureaus.
  • Subscription acceleration – Starts at $ 7.99 / month for the first 12 months, with a monthly spending limit of $ 150. Grow Credit reports $ 1,800 to all three major credit bureaus.

These plans, in partnership with Blue Ridge Bank NA, allow users to pay off their Grow Credit accounts in full each month by paying from their affiliated bank account. The platform reports their repayments to Equifax, Experian and TransUnion, allowing them to demonstrate a positive credit history. Grow Credit also offers a free Build subscription program that does not include membership discounts. This card comes with a monthly spending limit of $ 17 on Mastercard Grow Credit.

“We are excited to expand our partnership with Grow Credit, enabling our customers to create credit and save at the same time,” said Brian Plum, CEO of Blue Ridge Bank. “We are expanding the mission of Grow Credit and our common goal of empowering people with historically limited access to basic financial services.”

Bayen added: “We are fortunate to have such an enthusiastic team of partners, investors and supporters who make this possible.”

Founded by veterans of the financial industry, Grow Credit is committed to financial literacy and provides weekly financial training to its user base. Last month, the platform announced that it had raised $ 106.3 million in funding. Key investors include Mucker Capital and Commerce Ventures, along with former NBA All-Star Baron Davis, DraftKings CEO Jason Robins and Matt Higgins, vice president of the Miami Dolphins, a recurring Shark at ABC . Shark tankco-founder and CEO of RSE Ventures and co-owner of VaynerMedia.

US residents can apply for a Grow Credit subscription in minutes via the Grow Credit app for iOS, Android app or GrowCredit.com.

About Grow Credit Inc.

Grow Credit’s innovative credit creation service reduces the barrier to entry for millions of Americans who need to build and build credit. Combining a small dollar loan with a virtual MasterCard, the service manages subscription payments, such as Netflix, and reports the balance of loans to credit bureaus. The MasterCard is issued through Sutton Bank and is designed exclusively for the payment of subscription payments. The company is based in Santa Monica and was founded in 2018 by veterans of the financial industry. For more information, visit GrowCredit.com.

Loans under Grow Credit premium loan programs are made by Blue Ridge Bank, NA, FDIC member.

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