hero-credit

Build Credit
with Step

Step is the best way to build your credit Unlike other credit building cards you can start building positive credit history before you turn 18 and there are no monthly subscription fees All you have to do is use your Step Visa Card for everyday purchases We take care of the rest

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What is a Credit score and why is it important

A credit score is a number between 300 and 850 that represents how responsible you are with money Your ability to get affordable rates on things like student loans cars apartments and cell phone plans depends on your credit score The higher the score the more likely you are to get approved with lower interest rates and premiums ultimately saving you money A good score is considered 670739 by FICO and 661780 by VantageScore 302

18 year olds whonused step for 7 monthsn saw an average Credit Score of 7253

Building credit is simple with Step

We designed the Step Visa Card to make building positive credit history easy because you’ve got other things to think about. Like your hopes and dreams.

Use yourn card

Make purchases with your Step Visa Card They dont have to be big purchases but its best if you use your card regularly

Build YOUR Credit History

With Smart Pay your purchases are automatically paid off every month using the funds in your deposit account

Report your Positive History

Opt in for us to report the positive payment history youve accumulated to the credit bureaus You must be 18 to opt in

It pays to build credit with step

Rates are determined by a number of factors, including credit scores. Here is what an 18 year old Step user with a score of 725 could pay compared to costs associated with lower credit scores.

Car Insurancencould costn 147MO or 250MO4

student loan interest raten could ben 624 or 10465

a security depositncould ben1 mo rent OR 2 mo rent6

We know what youre Wondering

  • 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 USA Inc Visa is a registered trademark of Visa International Service Association
  1. Positive history is reported on and related only to your Step Visa card activity subject to your account remaining in good standing Ontime 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 andor 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
  2. httpsmoneyusnewscomcreditcardsarticleswhatisconsideredagoodcreditscore
  3. Credit score data based on a survey conducted by Step with 67 users who are at least 18 years of age transacting on the Step Visa Card for at least 7 months have opted into credit reporting through the Step App and have shared credit score information with Step for purposes of the survey Ontime 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 Impact on your credit may vary as VantageScore includes key factors and other credit information based on data from consumer reporting agencies and may be different from other credit scores and other credit information provided by different bureaus The Step Card is issued by Evolve Bank Trust Member FDIC Pursuant to license by Visa
  4. httpswwwbankratecominsurancecarratesbycreditscore
  5. httpswwwcrediblecomblogstudentloansstudentloaninterestrates
  6. httpswwwrentalscomblogrentingtotenantswithbadcredit

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