Participants may be compensated for their participation.
If there are no monthly fees, how does Step make money?
"Unlike traditional banks who make money by charging you fees, Step makes money from interchange fees. When you use your Step Visa Card, card networks collect a service fee (kind of like a tax for the merchant charging your card) and Step gets a percentage of that fee. We also include a 2% markup on investing transactions to help cover our costs.
How does Step help me build my credit?
The Step Visa Card is a secured credit card that allows you to make purchases up to the amount that is in your Step Spending Account. With Smart Pay, your purchases are automatically paid off at the end of each month so you never have to worry about a bill or payments. You can opt in for us to report your transaction history as positive payment history to the credit bureaus when you’re 18+.
How can a good credit score help me?
Here’s the short answer: When you have a good credit score, you can get better terms and lower interest rates on basically everything – auto insurance, student loans, cell phone plans, and much more. Low scores or no scores can cost you money. Learn more here.
What does it mean that Step is a credit card with added protection?
The Step Visa Card is a new kind of secured credit card that is protected by Smart Pay. By default, you can only spend up to the amount of money that you deposit to your Step Spending Account. But you get the fraud protection and credit building benefits of a credit card, without the interest rates or overdraft fees most credit cards charge.
Can I use the app to send and receive money to friends and family?
You sure can! You can use Step’s peer-to-peer payment feature to pay a friend back for lunch, receive rent from your roommate, or get your birthday cash from grandma. You can send money to people who aren’t on Step yet but in order to receive money from others, they’ll need to have their own free Step Account.
Step is a financial technology company, not a bank. Banking services provided by Evolve Bank & Trust, Member FDIC. The Step Visa Card is issued by Evolve Bank & Trust pursuant to a license from Visa U.S.A., Inc. Visa is a registered trademark of Visa International Service Association.
Banking services provided by Evolve Bank & Trust, Member FDIC. Step is a financial technology company, not a bank.
No subscription fees. No account minimum fees. No in-network ATM fees. You worked hard to earn your money, so you should keep it.
Your Step Account prevents you from spending more than what’s in your spending account so you don’t have to worry about overdrafting.
The average credit card interest rate for new cards is 19.13% and 15.13% for existing ones3. You don’t pay any interest with your Step Visa Card.
Build credit with everyday purchases, even before you turn 18. Good credit can save you money on things like car insurance and student loans.
Don’t wait until you’re 18 to learn how to invest responsibly. Buy and sell crypto5 (and soon, stocks) for as little as $1, starting with bitcoin.
Create goals for all your wants and needs. Round up purchases to the next dollar to automatically add the spare change to your savings.
Set up direct deposit and get your paycheck up to 2 days earlier than if you were to use a traditional bank or get your check in the mail.
Save money instantly when you use your Step Visa Card at participating merchants. Refer friends to Step and we’ll give you both a cash bonus.
Buy what you want today and pay over time or borrow money to cover an upcoming purchase. Eligibility and limits requirements apply.
Apple App Store
“You guys are amazing! My credit score is 734 and I just turned 18 a couple weeks ago! This will be amazing for my student loans. Thank you!”
“I love this app. I’ve had it for a while and it really helps me with finances and how to wisely spend money.”
“I can’t thank Step enough for giving me a head start in my financial journey…Step has no fees, it’s free to open, and it built my credit score to 706!”
“I love the credit building feature. My score ended up being over 700! I was extremely excited.”
“This app is amazing. It helps me to save for things I want and need in clusters. And it monitors what I buy and when I buy it. The best part is it is completely free including the card which has 3 color options.”
“This app has given me so much freedom with my own money. I have my own card and I love that I can save my allowance. I have subscriptions set up and am able to go out shopping...”
Visa’s Zero Liability policy does not apply to certain commercial card and anonymous prepaid card transactions or transactions not processed by Visa. Cardholders must use care in protecting their card and notify their issuing financial institution immediately of any unauthorized use. Contact your issuer for more detail.
Positive history is reported on and related only to your Step Visa card activity, subject to your account remaining in good standing. On-time payment history can have a positive impact on your credit score, and late payment history may negatively impact your credit score. The Step Visa Card, when set up with SmartPay, is designed to keep accounts in good standing to help build positive credit history. Step will report your activity to Transunion®, Experian®, and/or Equifax®. Even when we report positive credit history relating to your Step Visa card activity, your credit history and score may be impacted by your activity outside of your Step Visa card (including any other products offered through Step and any activity external to Step), as credit histories and credit scores are built by credit bureaus based on a number of factors, including the financial decisions you make with products outside of the Step Visa Card.
The Referral awards and the Cash and Crypto Rewards programs are not offered by Evolve Bank & Trust and are instead offered and managed by Step.
The best way to build credit
(even before you turn 18)
Step customers and counting
Banking services are provided by Evolve Bank & Trust and FDIC-insured up to $250,000¹
Powered by Visa with built-in fraud protection and Zero Liability² guarantee for unauthorized charges
Cryptocurrency services offered through Zero Hash. Bitcoin and other cryptocurrencies aren’t endorsed or guaranteed by any government, are volatile, involve a high degree of risk, and are unsuitable for most investors. For more information on digital asset risk see FINRA, SEC, and CFPB public advisories. The information provided on this website does not constitute investment advice, financial advice, trading advice or any other advice and should not be used as such.
Stephen Curry, 4X NBA CHAMPION & CEO at SC30
“I know what a critical life skill money management is...Step helps facilitate conversations about money and makes it easy to get a taste of financial freedom with a built-in safety net and lots of teachable moments.”