How to build your credit history on Current

When you sign up for the Build Card on Current, you can build your credit history with every swipe.

How does it work?

The Build Card is a secured charge card that connects to a members’ existing spending balance on Current, and provides access to the same features on Current. You have just one balance to view and manage on Current’s platform (no moving money between spending and credit building accounts!) and unlike some other secured cards, there is no required security deposit or minimum balance. You can start with just $1.

As you swipe your card, we place those funds in reserve for you, which are then used to pay your bill at the end of each month. You can set it to AutoPay and we’ll make sure your bill is paid on time each month.

We then report your on-time payments to the three credit bureaus (TransUnion, Equifax and Experian). The reporting happens usually around the beginning of each month, but it can take a few weeks to see the updates reflected on your credit report.

What information do we report?

• Basic account information (Name, address, date account was opened)
• Current Account status (in good standing or delinquent)
• Payment history

Can the Build Card really help improve my credit?

• Yes! Members have an average increase in credit score of 81 points six months after enrolling in the Build Card.*

Where can you check your credit score?

• You can check your score directly in the Current App using our Credit Insights feature, or on the credit bureau websites directly
• In the Current App, you can view your score on the homescreen under ‘Credit Journey’ and you view your full credit history and your Build Card history then by clicking into the tab.

*Based on Build Card users who opted in to Credit Score Insights and have remained active for at least six months. Scores are calculated based on the TransUnion® VantageScore® 3.0 model, which is one of many credit scoring models and may not be the same model your lender uses. Credit scores depend on various factors, including your payment history, delinquencies, credit utilization, length of credit history, types of credit, total number of accounts, inquiries, and other financial activities. Individual results may vary, and a credit score increase is not guaranteed.