Grow Credit is a Los Angeles-based fintech founded in 2019 that turns your existing subscription payments into credit-building activity. The concept: Grow Credit gives you a virtual Mastercard, you use it to pay subscriptions you already have (Netflix, Spotify, Hulu, Disney+, etc.), and Grow Credit reports those payments to all three credit bureaus.
The free plan covers one subscription up to $10/month. Paid plans ($4.99-$9.99/month) cover multiple subscriptions and higher amounts, plus add features like credit monitoring and identity theft protection.
This is ideal for people who pay for streaming services anyway — Grow Credit just makes sure those payments count toward your credit score. There's no credit check to apply, no interest, and no deposit required.
Grow Credit reports to Equifax, Experian, and TransUnion as a revolving credit account. The company claims users can see credit score improvements within 3-6 months of consistent on-time payments.
The main limitation is that it only works with subscription services — you can't use it for rent, utilities, or other bills (though some competitors offer that). But for someone with no credit or thin credit who already pays for Netflix and Spotify, it's essentially free credit building on the basic plan.