Grow Credit Review 2024: Best Credit Building Mastercard?

Written By Eddy Ballesteros

Updated on: February 7, 2024
Grow Credit

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Credit is one of the most essential elements in managing our finances.

Whether you’re looking to get a mortgage, lease an apartment, or apply for a new credit card, your credit score can significantly affect your application's success. 

With so many options available on the market today and information overload online, it's hard to know which type of card is right for you.

My Grow Credit Review in 2024 provides comprehensive insights into this popular credit-building Mastercard so that you can decide what type of card works best with your financial goals.

Read on to see if this is the right choice for you.

Why I Review Credit Products:

My name is Eddy, and I've been providing tips on credit repair and credit building for several years. I do my best to use the products and speak to their team, including scouring the internet for honest reviews.

What Is Grow Credit?

Grow Credit

Grow Credit is an interest-free virtual MasterCard that helps you build your payment history by automatically recording and reporting your subscription payments to the three major credit bureaus.

This virtual Mastercard is designed for those with limited or no prior credit history and those with pre-existing negative items on their record.

Grow Credit is a credit-building tool that reports monthly to the three major bureaus (Equifax, Experian, and TransUnion) and is accepted at millions of locations worldwide.

It also offers a variety of rewards and benefits, such as cashback, discounts on travel and merchandise, complimentary credit score monitoring, and more.


  • Offers a free version with a $17 monthly spending limit
  • Interest-free GrowCredit accounts
  • No prior credit history required
  • Simple and easy-to-manage application
  • Reports to all three important credit bureaus
  • Cell phone bill payments
  • No hard credit checks

  • Varying customer service experiences
  • Not the cheapest option for those with established credit

How Does Grow Credit Work?

Grow Credit is a virtual MasterCard that allows you to build your payment history and credit score.

You must first connect your subscription accounts to the platform to get started.

This will allow Grow Credit to monitor and record your payments automatically on the three major credit bureaus. You can also add new subscription accounts directly on Grow Credit.

Once your accounts are connected, Grow Credit will automatically report your payment history to the three essential credit bureaus monthly. This will help demonstrate a consistent repayment history for building your score. 

Also, Grow adds another credit line to your mix, helps the clock start ticking on the average length of credit history, and helps demonstrate that you can maintain a balance and make payments on time.

Grow Credit is an excellent tool for quickly building their credit score. Its automatic repayment reporting, credit line addition, and ability to add new subscription accounts make building your credit easier.

With the assurance that your balance will be paid in full every month, you can rest easy knowing that you are not taking any unnecessary risk.

How To Apply And Build Credit With GrowCredit

Applying for a Grow Credit Mastercard is easy and can be done in just a few steps.

First, you’ll need to create an account on the GrowCredit application. You will be asked to provide personal information, such as your name, address, linked bank account details, and social security number.

Grow credit subscriptions

You must be a permanent resident in the US and at least 18 years of age to apply. Once your information is verified and accepted, you’ll receive a virtual credit card number within a few days.

Next, add your subscriptions to your Grow Credit account.

Over 100 subscription services are available for you, including streaming services, shopping sites, and other subscription-based services. 

After you’ve chosen which subscriptions to add, you should replace your existing credit or debit card with this new virtual card number on each subscription. This will ensure that you make consistent payments contributing to your credit score.

Finally, watch as your credit scores grow. As you consistently pay for your subscriptions with your Grow Credit Mastercard, the payments will be reported to the credit bureaus, and your score will increase.

As you make more payments, your average length of credit history will also rise, accounting for 15% of your overall score.

Grow Credit Features

The Grow Credit Review 2024 highlights all the features that make this card attractive, offering various benefits for those looking to build their credit.

Interest-free credit building Mastercard

grow credit mastercard virtual

Grow Credit offers an interest-free credit-building Mastercard that helps you build your credit history without worrying about high-interest payments.

The basic subscription plan starts from as low as $30/year, and the only additional expense comes from a one-time security deposit of $17, which is refundable after 12 months of timely payments.

Freemium version

Grow Credit offers a free plan with $17 monthly and $204 annual spending limits.

This is great for those who are just starting to build their score and want the convenience of having access to a credit card but don't need or need help to afford the higher spending limits of their premium subscription plans.

Education on financial literacy

Grow Credit also offers educational materials to help customers better understand financial literacy topics such as budgeting, credit history, and building good credit.

You can also learn how scores impact mortgages and boost economic opportunity for you in the long run.

With these materials, users can learn more about the importance of good credit, how to manage their finances responsibly, and how to best build their score.

Free access to FICO score

The Grow Credit card also includes free access to your FICO score, so you can easily track your score changes over time.

This feature helps customers know when they’re progressing and how close they reach their financial goals. This will be helpful to those who don't have credit monitoring services and are trying to improve their score. 

More than 100 premium subscriptions

Who does growcredit pay to

Grow Credit supports over 100 premium subscriptions like Netflix and Amazon Prime. This is a great way for customers to enjoy their subscription services without worrying about high-interest payments or fees associated with traditional credit cards.

Exclusive subscription discounts

Grow Credit also offers exclusive subscription discounts from partners such as Hulu and Spotify. This is a great way for customers to save money while building their credit score.

Payments reported to major credit bureaus

Increase your credit score with grow credit

Grow Credit also reports monthly subscription payments to the three credit bureaus—Experian, Equifax, and TransUnion. This is a great way for customers to promptly improve their credit history without manually submitting monthly payment information.

Get accepted with poor credit

Finally, Grow Credit is a handy tool for those with low or no scores.

With Grow Credit, the consumer's creditworthiness is not the sole criteria, and you can apply with a low score and still get approved.

This is perfect for those who are just starting and need access to credit while they work on building their credit score.

You will also become eligible to receive small business loans once you have a good credit line and no late payment history.

Grow Credit Pricing

The platform offers four different monthly subscriptions, which we have detailed below to help you decide which free or premium plan is best for your financial needs.

Grow Credit Pricing

Build Free:

  • No membership fee for building credit
  • $17 monthly spending limit and $204 annual spending cap
  • Free FICO score and free credit education blogs

Build Secured:

  • The subscription cost of $2.99/month or $29.99/year
  • $204 annual limit and $17 monthly spending cap
  • Requires an initial security deposit of $17 (refundable)
  • Access to FICO score and financial literacy education
  • 6 months of consecutive on-time payments leads you to eventually qualifying for other premium plans

Grow Membership:

  • $4.99 monthly fee or $49.99/year subscription
  • $50 monthly spending limit and $600 annual spending cap
  • Premium subscriptions are available in Grow Membership plan
  • Exclusive subscription discounts
  • Access to FICO score and financial literacy education

Accelerate Membership:

  • Accelerate membership plan costs $9.99/per month or $99.99/per year
  • $150 monthly spending limit and $1800 annual spending cap
  • All the benefits included in Grow Membership plan

Grow Credit Alternatives And Competitors

Grow Credit is just one of many credit-building cards on the market today. There are a wide variety of options to choose from, such as:

1. StellarFi

If you're looking to build credit, then StellarFi will be your best bet. It offers low interest rates, no hidden fees, and a rewards program to reward you for your responsible spending habits.

StellarFi Logo Box


  • Reports to all three credit bureaus
  • Amazing customer support
  • Perfect for credit-building

2. Kikoff:

Kikoff is excellent for those who want to build up their credit quickly, but some drawbacks exist.

Because it only reports to two of the three credit bureaus, your score may not increase as much as you’d like if you are looking to build over time. Additionally, the $750 limit might be too small for some people.

3. Self:

Self is one of the most effective credit-building solutions to build your credit over time.

The loan reports to all three of the leading credit bureaus, so you’ll be able to see a more significant score increase.

Also, it has a higher limit than Kikoff and offers some flexibility in terms of repayment. However, beware of the high-interest rate, administrative fees, and finance charges.


LOQBOX is a great option to build your credit quickly but with less flexibility than other options. 

Because it reports to all three bureaus, your score should increase more rapidly than with some of the other credit card companies.

However, beware of this card's $40 withdrawal fee and hard credit check. Also, this may not be the best option if you want to make small deposits over time.

5. Extra:

Extra is excellent for those who want to build their credit quickly and easily.

Each purchase with the card is reported to two credit bureaus, so your score should increase over time.

Also, no interest is charged on purchases, and no hard credit check is required.

The downside of this card is that it only reports to two of the three main credit bureaus, so your score might not increase as much as with other cards.


Is Grow Credit Safe?

Yes, Grow Credit is a secure platform that encrypts your bank account data and helps protect you against identity theft. With Grow Credit, you can safely build credit by making on-time payments. When you start to build credit, most of the mortgage lenders, car dealers, credit card companies, and other services lenders will look into your history with Grow Credit.

What bank does Grow Credit use?

Grow Credit Mastercard is issued by Sutton Bank. Contact Grow Credit today to know more details. The Grow Credit card is sort of an installment loan that is later on paid from your bank account. All you need to ensure is that your bank account has enough funds to pay for your subscriptions so that Grow Credit can automatically debit your account. If your bank account does not have the required funds and consecutive on-time payments are not ensured, it can impact your credit reports.

How do I cancel my Grow Credit account?

You can cancel your Grow Credit account anytime by logging in to your online account and selecting the “Cancel Now” option.

Is Grow Credit Worth It?

Grow Credit helps consumers build credit easily and affordably. It has low-interest rates, reports to all three important bureaus, and no hard credit pull required. Additionally, it offers free credit report access and exclusive subscription discounts to select partners such as Hulu and Spotify.

Once you start your credit-building journey, you'll become eligible for future loans that need a better credit score. Therefore, Grow Credit is worth it for those looking to get a better score responsibly.

Final Thoughts

Overall, Grow Credit is a great option if you’re looking for a way to build your credit easily and affordably. Whether you worked with a credit repair company and need help, GrowCredit might be a good option. 

With no hard credit check required, low-interest rates, and reports to all three of the major credit bureaus, Grow Credit is a great choice for those looking to build their credit scores over time. 

Additionally, it’s perfect for those with poor credit scores or no credit history who need credit access while they build their score. With so many options available, you can be sure to find the right card for you.

About the Author Eddy Ballesteros

Welcome to Credit Plush! Credit is something I'll always enjoy writing about. I've helped many people improve their credit scores and start their credit repair businesses.