How Credit Builder works:
Set up a Credit Builder plan1 through your Credit Karma Money Spend account2. Then choose how much and how often you want to save. And our partner, SeedFi, will deposit the amount into a locked savings account for you.
Repay SeedFi for the savings deposit they made. Your regular payments are reported to the three major credit bureaus, which could help you increase your score in as little as two months.3
Once you accumulate $500 in savings, that money will be available to be deposited into your Credit Karma Money™ Spend account.
Repeat steps 1-3 or opt in to AutoSave to automate your savings and payments. Add direct deposit into your Spend account so you always have a steady flow of savings.
You’re eligible to apply through Credit Karma Money if your TransUnion credit score is 619 or below at the time of application. We expect members with a credit score of 619 or under could see an increase in as little as 2 months. Late payments can have a negative effect on your score, and other factors can impact it, including activity with your other credit accounts.
Ready to start building your score?
Putting aside just $10 per paycheck could set you on a course towards better credit.
We don’t charge fees⁴
100% free. No account setup fees, monthly fees or interest fees.
Save at your own pace
Pause your progress anytime and get back to saving when you’re ready.
No credit check
No hard pull. No messy paperwork. Just a couple of clicks and you could be instantly approved and on your way to building credit.