Reviews
Extra Debit Card full review: should you get it?
The Extra Debit Card is the first debit card on the market to allow its customers to build credit. However, this is far from the only advantage of this card. Learn more!
Advertisement
Extra Debit Card: the proof that it is possible to build credit with the benefits of a debit card
A debit card that serves to build credit. In fact, this description is enough reason for you to want to know more about the Extra Debit Card.
Extra Debit Card: check out how to apply!
Learn how to apply for the Extra Debit Card, the first debit card on the market that allows your customers to build credit. As if that wasn't enough, get cashback as your credit score improves.
But that is not all. Indeed, this card offers other benefits like cash back and much more. Learn more about this great option and see if it can help you.
| Credit Score | All Credit Types Considered. |
| Annual Fee | See terms. |
| Regular APR | 0% |
| Welcome bonus | None |
| Rewards | Up to 1% in points. |
Extra Debit Card: learn more about this financial product
Indeed, this is a debit card that offers features that most people look for in a credit card. Mainly, this card is made to build credit.
Reporting to two of the top credit bureaus in the country, it’s easy to see your credit score soaring. Curious about how a debit card can generate credit?
We’ll explain. Well, that card is connected to some account of yours. As soon as you make a purchase, the company creates a line of credit and pays for your purchase.
The next day, the purchase amount is deducted from your account. Thus, the payment is recorded in your credit history. That way, you can only spend up to the amount available in your account.
This card also offers a cashback program that refunds 1% of the value of your purchases. Also, this is a debit card. That means you have 0% APR forever.
This product does not require a secured deposit or credit check. Finally, it is a Mastercard card, accepted in practically all establishments.
You will be redirected to another website
You’ll receive messages for less than 1 week, with a maximum of 1 message per day. You can unsubscribe anytime by replying STOP. By submitting this form, I confirm that I am 18+ years old and agree to the Privacy Policy and Terms and Conditions. I also provide my signature, giving express consent to receive marketing messages via automated emails, SMS, MMS text messages, and other forms of communication. Message frequency may vary as part of our good-faith effort to respond to your inquiry. Message and data rates may apply. Text STOP to cancel. I understand that my consent to receive communications is not a condition of purchase and that I may revoke my consent at any time.
Extra Debit Card features
Indeed, this card is one of the pioneers in the market to offer debit and credit building services in the same product. However, there are some “weak spots” on this card that you need to know about.
Take a look at the lists below to understand what we are talking about:
What are the benefits?
- Extra is the first debit card that helps you build your credit and earns up to 1% back in points for everyday purchases like gas, coffee and your phone bills.¹
- No interest. No credit checks. No deposit required.
- Track your spending & credit score—follow your progress with Credit Journey on the Extra App
- Earn reward points—earn up to 1% back in points with every purchase and redeem them for cool products in the Extra Rewards Store¹
- Use your bank—keep your money where you want, while spending smarter with Extra.¹
- ¹The Extra Debit Card is issued by Evolve Bank & Trust or Patriot Bank N.A. (Member FDIC), pursuant to a license by Mastercard International. Line of credit provided by Lead Bank. Extra is responsible for credit reporting and reports on time and late payments, which may impact a credit bureau’s determination of your credit score. Rewards points only available with rewards plan.
And what are the drawbacks?
- High Annual Fee: The minimum you will pay to use this card is $84 per year;
- To gain access to the rewards program, pay an additional $24 annual fee;
- The rewards generated can only be used for purchases in the Extra Store virtual store;
- This card does not report your payments to Transunion, one of the most important credit bureaus in the country.
What credit score do you need to get the Extra Debit Card?
Indeed, applicants for this card don’t have to worry about their credit score. After all, the issuer of this card will not check your credit history or score at any time.
How does the Extra Debit Card application process work?
So, you can apply for this card online. To increase your chances of approval, learn about the basic requirements presented in the review at the link below:
Extra Debit Card: check out how to apply!
Learn how to apply for the Extra Debit Card, the first debit card on the market that allows your customers to build credit. As if that wasn't enough, get cashback as your credit score improves.
Disclaimer: The Extra Debit Card is issued by Evolve Bank & Trust or Patriot Bank N.A. (Member FDIC), pursuant to a license by Mastercard International. Loans provided by Lead Bank. Extra is responsible for credit reporting and reports on time and late payments, which may impact a credit bureau’s determination of your credit score. Rewards points only available with rewards plan.
Trending Topics
Wells Fargo Active Cash℠ card: check out how to apply!
Learn how to get one of the best cashback programs, a welcome bonus and 15 months of 0% APR. Apply for the Wells Fargo Active Cash℠ Card.
Keep Reading
Euro has reached parity with the dollar for the first time in 20 years
The euro and the dollar are at parity value. Understand how to take advantage of this context and why it can be dangerous for the economy.
Keep Reading
First Progress Platinum Select Mastercard® Secured card: apply now!
Apply for a First Progress Platinum Select Mastercard® Secured card and have the chance to build your credit. Learn how to apply!
Keep ReadingYou may also like
Commodity Supplemental Food Program (CSFP): food assistance for seniors
Commodity Supplemental Food Program brings health to the table of thousands of Americans for free. Find out how to benefit from this program!
Keep Reading
Credit score vs. credit report: everything you need to know
Credit score vs. credit report: understand the terms and how they work together toward your financial wellness. Learn all about them here!
Keep Reading
Walmart MoneyCard®: Check out how to apply!
Learn how to easily and quickly apply for the Walmart MoneyCard® with no credit checks and a world of rewards!
Keep Reading