Extra is the first debit card that builds your credit history and earns rewards points just like a credit card. They work like any other debit card no credit check needed, you can’t spend more than you have, and there’s never interest on your purchases.
In comparison to traditional debit cards, Extra helps build your credit score and you can earn points on your purchases. It’s a safer alternative with a more rewarding way to start building your credit.
| Monthly Fee | Starts at $7 |
| Minimum Deposit | $0 |
| ATM Network | None |
| Credit Bureaus | Equifax, Exp |
Extra Debit Card Features
Extra debit cards lets you build credit while also earning rewards. You don’t need a security deposit or a credit check. How it works:
- Once you’re approved, connect your existing bank account to Extra as a funding source. They support over 10,000 banks, so you don’t have to open a new account to use the card.
- They determine your spending limit, which is always slightly below your checking account balance in real-time.
- When you make a purchase with your Extra Debit Card, they spot you the money and pay for the transaction.
- The next business day, Extra pays themselves back by transferring funds from your connected bank account.
Their process works like a credit transaction. They’ll give you a credit line that is equal to the purchase amount then just pay off the balance using cash from your linked funding source.
Towards the end of each month, Extra will calculate your total purchases and reports your credit activity to Equifax and Experian, increasing your credit score as time goes on.
Other features include:
- Builld Your Credit History
- Earn reward points for every purchase
- Exclusive access to the Extra Rewards Store
- Overdraft Prevention with Spend Power
- 24/7 live chat support
- A sleek looking debit card
Extra Debit Card Plans & Pricing
Extra offers two plans:
| Extra Credit Building Plan | Extra Rewards + Credit Building Plan | |
| Features | Build Your Credit History Overdraft Prevention with Spend Power |
Build Your Credit History Earn reward points for every purchase Exclusive access to the Extra Rewards Store Overdraft Prevention with Spend Power |
| Annual Price | $149/year (regularly $200) | $199/year (regularly $265) |
| Monthly Price | $20/month | $25/month |
With the rewards plan, you can earn up to 1% back in redeemable reward points, working similarly like a rewards credit card. You can redeem your points for merchandise, gift cards, and donations in the members-only Extra Rewards store.
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Conclusion
Extra Debit Card is more than just a debit card. You can start building or rebuild your credit with just your everyday spending since you can earn rewards on all your purchases. This is a great option for those who are wanting to build credit without the use of a credit check, or debt, or paying interest on your purchases.
See ways to improve your credit score and build your credit.
