How to Get the Most From Your Grow Credit Account
Did you know that the two biggest factors in your FICO Score are your payment history and credit utilization? If you haven’t used your Grow Credit card to pay for any supported subscriptions yet, you may not be using your Grow account to its full potential.
How does Grow Credit help my credit score?
According to MyFICO, your credit utilization accounts for 30% of your score, but your payment history accounts for 35%. This may not seem like a big difference, but you may see a bigger boost to your credit by using your Grow Credit card to pay for a supported subscription and making your payments on time each month.
A Grow Credit user who makes consistent, on-time payments to their Grow Credit account may see better results than someone who doesn’t use their account, but keeps it open.
Grow Credit is reported as a line of credit accessed via your virtual Mastercard debit card. Your annual limit is reported to the credit bureaus along with your account balance and monthly payment amount. This ensures that your Grow Credit account credit utilization remains low, even if your charges reach the monthly spending limit.
What if none of my subscriptions cost $17?
You would be surprised at the number of supported subscriptions Grow Credit currently offers that cost $17 or less. Click here for a full list of our available subscriptions.
One subscription available to all Grow Credit members is Dovly. Raise your credit score with Dovly’s smart credit engine—for free. Fix, manage, and maintain your credit online in seconds. Dovly Credit Maximizer members see an average 56 point score increase in less than 6 months. (Based on Dovly Credit Maximizer members after 3 months of service who have selected one or more errors for dispute.)
For a limited time, Grow Credit members are eligible for an exclusive 57% discount on Dovly’s paid plan. This offer is available for new Dovly users who have signed up through the link below, as long as the offer lasts.
You can visit their website by clicking here.
You can read more about your credit on our crash course, Grow & Learn: Credit 101.
