Extra

The Learn More application is designed for individuals who are looking to build their credit history without having to go through a credit check. With this app, users can earn rewards points and avoid interest rates and hidden fees. It is specifically made for credit builders who are just starting to build their credit report history. The app offers various plans that can be easily applied for online.

The app works by connecting the user's bank account and providing them with a spending limit based on their bank balance, without the need for a credit check. When the user makes a purchase using the Extra Debit Card, the app automatically pays itself back the next business day. At the end of the month, all transactions are totaled up and reported to credit bureaus as credit-worthy payments, helping to build the user's credit report history.

Extra Debit Card users have seen an average increase of 48 points in their credit score by regularly using the card and practicing good credit habits. By downloading the app, users can access exclusive content to help them understand credit, as well as the Rewards Store where they can redeem their points for items such as tech, home goods, and books.

The app also highlights the benefits of having a credit builder card, such as qualifying for an apartment, buying a home, and getting better interest rates on a car. The app also provides a FAQ section to address any concerns or questions users may have, such as the security of their bank account information.

Extra is a technology company, not a bank, and provides banking services through Evolve Bank & Trust or Patriot Bank, N.A. The app is accepted wherever Debit Mastercard is accepted. The advertised credit claims are based on a study using data from Experian, where active Extra members saw an average increase of 47.8 points in their credit score over a 12-month period. However, the impact on an individual's credit score may vary depending on their use and other factors determined by credit bureaus.