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How it worksFAQBlogGET STARTED
GET STARTED



BUILD YOUR CREDIT WITHOUT A CREDIT CARD

Members increased their credit score by an average of 48 points by regularly
swiping with Extra and practicing good credit habits.3
START BUILDING CREDIT


WHAT MEMBERS ARE SAYING...

Dave Kravies
,
January 15, 2024


HAVE BEEN USING THIS APP FOR A FEW…

> Have been using this app for a few months now and has helped my credit score
> already! Perfect for hotels versus a standard debit card because you get your
> deposit back much quicker. Customer service is top notch. They respond quickly
> and aresuper friendly. 10/10 recommend singing up with these guys.

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Source: Trustpilot
Cheyenne Romero
,
January 15, 2024


WONDERFUL EXPERIENCE

> I have had a wonderful experience with Extra since 2021. Consumer Service has
> been great in my experience. I've also enjoyed the journey of going from NO
> credit history, to good credit - thanks to this product. I tell people about
> it as an alternative to credit cards all the time!

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Source: Trustpilot
Cynthia Perez
,
January 12, 2024


I’VE ACTUALLY FALLEN IN LOVE WITH THIS…

> I’ve actually fallen in love with this card! It’s basically a debit card that
> lets you earn points and the reward shop has really good options to chose
> from. Saving my points for a $50 target gift card. Customer service was
> phenomenal as well!

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Source: Trustpilot
Sonny S-Academia
,
January 3, 2024


MUST HAVE!

> As someone who is looking to manage his budget, the Extra card really helps
> with that. I have reached out to customer service more than I have with any
> other company and they have been more than helpful to all of my needs. I have
> been using Extra for over a year now and it is my default card of choice!

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Source: Trustpilot
Dakota Rusher
,
December 30, 2023


DEFINITELY WORTH IT

> as someone who struggles to watch my spending, extra helps me keep track of
> that with my spend power. not to mention it’s helped my credit out
> tremendously. while the price for extra is definitely on the high side, i
> still recommend it!

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Source: Trustpilot
Angelica Caamano
,
December 30, 2023


I’M REALLY HAPPY WITH THE EXTRA CARD

> I’m really happy with the Extra Card. I have had it for almost 2 years now.
> This card has helped me increase my credit score and I got a vehicle this
> month with no money down as a first time buyer! I highly recommend this card,
> look for the app in the Play store for google or android phones or App Store
> in Apple iPhones. This card will change your life! This is not a credit card!
> This card is connected to your bank account and when using the Extra card for
> debit card purchases…it increases your credit score over time. The more you
> use it the better! Increase your credit score today! Get the Extra card!

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Source: Trustpilot
Michael Levine
,
December 15, 2023


I LOVE THIS CARD

> I love this card. Extra is the first decoupled debit mastercard since 2012.
> Even though they charge a fee if you get the rewards plan that offsets it if
> you spend alot. Like the fact I get unlimited 1% back in points on everything.
> No selected categories no caps no rolling period none of that just simple.
> Plus Extra helps you build your credit. So I can get rewards and build my
> credit with out getting into debt. Awesime!!☺️

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Source: Trustpilot
Jairo Martinez
,
December 14, 2023


MY FIRST STEP INTO BUILDING MY CREDIT…

> My first step into building my credit and I have no regrets. I've been using
> EXTRA for a while now. I was skeptical at first, but it's been surprisingly
> fun earning and redeeming points. I didn't have a credit score when I signed
> up either and not only do I now have a great score, but it also gave me an
> avenue to take the steps I am now to improve my score and prepare financially
> as I move into my late 30's. Everytime I've had an issue they've been quick
> and helpful in resolving it.

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Source: Trustpilot
Mike Burns
,
December 13, 2023


LOW 500’S TO 715 AND BEYOND!

> When I found Extra I had a credit score in the low 500’s - after a season of
> extreme financial hardship. Over time and consistent use of my Extra MC, I’ve
> been able to build my score back to 715, and just 5 points away from a 720+
> credit score again! I’m so grateful to have found Extra. We’re well on our way
> to qualifying for an excellent rate on a home and car purchase when the time
> comes. Thank you, Extra!

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Source: Trustpilot



WHY EXTRA?


START BUILDING CREDIT WITH YOUR DAILY PURCHASES

Extra gives you a line of credit called 'Spend Power' to turn your daily
purchases into credit worthy payments.
Spend Power

Spend Power is a line of credit provided by Lead Bank that is separate from your
Extra Debit Card. We spot your purchases with your Spend Power and pay ourselves
back the next day. Your Spend Power is separated from your debit card, all
transactions made with your debit card and paid back are reported to the credit
bureaus as credit worthy payments.




EARN REWARDS POINTS EVERYWHERE4

Earn up to 1% in points for everyday purchases like rideshares, coffees and your
phone bills when you upgrade your subscription to include rewards points. Spend
your points on everything from Apple AirPods® to cool products in our rewards
store.



CONNECT WITH
YOUR BANK ACCOUNT

Extra is compatible with over 10,000+ banks across the United States—keep your
money where you want, while spending smarter with Extra.2

GET STARTED
Impact on your credit score may vary depending on your use. Extra is required to
report both on time and late payments.


HOW DOES THE EXTRA CARD WORK?

1


Sign up by connecting your bank account,2 and we give you an independent line of
credit (Spend Power) based on your bank balance and other factors with no credit
check.


2


When you make a purchase with Extra, we spot you for it using your available
Spend Power and automatically pay ourselves back the next business day.

3


Your Spend Power is separated from your debit card, all transactions made with
your debit card and paid back are reported to the credit bureaus as credit
worthy payments.



Have more questions? Check our FAQ


FUTURE YOU NEEDS BETTER CREDIT

Good things come to those who are Extra
Members increased their credit score by an average of 48 points by regularly
swiping with Extra and practicing good credit habits.3
Pull up. Swipe up.
Glow up.
Most Extra members are able to open 1-4 new credit cards in their first year of
membership.3
Future you will be living the dream
Extra members were 2x more likely to open an auto loan and 3x more likely to
open a mortgage than non-Extra members.3
Credit confidence, thanks to Extra Spend Power
Extra members who use the product as recommended were more likely to achieve and
maintain good credit scores than consumers who demonstrated healthy credit
behaviors alone.3
Learn more about how Extra can improve credit on our blog.3



THE COST OF HAVING BAD CREDIT

Toyota Corolla / 72 months / $25,000
Is paying $6,000+ more for the same car

Person 1
Credit Score
600
Interest Rate
11.33%
Total Payments Made
$34,566
Person 2
Credit Score
725
Interest Rate
4.21%
Total Payments Made
$28,333


PERSON 2 ENDS UP SAVING $6,000+ THANKS TO A BETTER CREDIT SCORE!

According to Experian's State of the Automotive
Finance Market 2020.


WHAT’S THE DIFFERENCE?

Debit card
Secured Card
Credit Card
 * No Credit Building
 * No Rewards Points
 * Only Allows One Bank
 * Frustrating Customer Support

VS

 * Builds your credit¹
 * Earns Reward Points
 * Connects to Your Bank Account2

 * Security Deposit Required
 * Up to 17% Interest
 * Hard Credit Checks
 * Frustrating Customer Support
 * No Rewards Points

VS

 * Builds your credit1
 * No Security Deposit
 * No Credit Checks
 * Earns Reward Points

 * Credit Check
 * Up to 17% Interest
 * Monthly Billing
 * Frustrating Customer Support

VS

 * Builds your credit¹
 * Earns Reward Points
 * Daily Payments

Get Started



OUR PLANS

Up to $101 Savings
Monthly
Annually
👍
Credit Building
$20/mo
 * Debit + Spend Power Line of Credit
 * Extra Spend Tracking App
 * Best Looking Debit Card Ever
 * Earn Reward Points to use in Extra Rewards Store

VS

🤩
Rewards + Credit Building
$25/mo
 * Debit + Spend Power Line of Credit
 * Extra Spend Tracking App
 * Best Looking Debit Card Ever
 * Earn Reward Points to use in Extra Rewards Store

👍
Credit Building
$149$240/year

 * Debit + Spend Power Line of Credit
 * Extra Spend Tracking App
 * Best Looking Debit Card Ever
 * Earn Reward Points to use in Extra Rewards Store

VS

🤩
Rewards + Credit Building
$199$300/year
 * Debit + Spend Power Line of Credit
 * Extra Spend Tracking App
 * Best Looking Debit Card Ever
 * Earn Reward Points to use in Extra Rewards Store




FAQS

Why does Extra exist?


Millions of Americans either don't want or can’t get a credit card. It’s no
mystery why—credit cards can encourage overspending and charge high interest
rates, in addition to possibly being confusing or just inaccessible. But credit
is something most people want at some point in life no matter what you are
trying to achieve. A great credit score can change lives, especially for
important long-term goals like securing a housing mortgage or getting the best
possible repayment plan on your big purchases. Despite this, few alternatives
for building credit exist. We set out to change that.

Enter Extra. The Extra Debit Card is the first debit card that actually builds
credit and earns rewards points. Please see terms, credit may be offered by Lead
Bank. We created Extra to combine the advantage of building credit with the ease
and predictability of debit. Whether you’re working to rebuild your credit, or
just starting on your credit journey, Extra strives to make it as easy as we can
to build your credit.

How does a debit card actually build credit?

 * Many people often ask us, ‘how does a debit card actually build your
   credit?’, which is a great question, considering that it’s never been done
   before. Lets take a closer look at how Extra does it:
 * The first thing to understand is the relationship between your Extra debit
   card and your available Spend Power, which may be extended by Lead Bank,
   please see terms.

 i.   When you connect your bank account to Extra, we give you a spending limit
      based on your bank balance and other factors, we call this your ‘Spend
      Power’.
 ii.  When you swipe your Extra Debit Card, we spot you for that purchase using
      your available Spend Power and automatically pay ourselves back the next
      business day.
 iii. At the end of the month, we total up all of the transactions made with
      your Spend Power (via the debit card) and report them to credit bureaus as
      credit worthy payments.

 * Just to recap: Your Extra Debit Card is what gives you access to your Spend
   Power, and the payments made with your Spend Power is what gets reported to
   the bureaus and contributes towards building your credit.

‍

‍

Is Extra a Secured Card?


We understand your possible confusion. 🙂 The Extra Debit Card is not a secured
card.

Traditionally, secured cards require an upfront deposit, which is often 1-2
times the credit limit. Secured cards have had a reputation of high interest
rates and fees, and rarely provide rewards. Due to their structure, they usually
have low limits. Did you know utilizing more than 30% of your available limit
could actually hurt your credit score?

The Extra platform uses your existing bank account. Members are given Spend
Power to pay for purchases made with their Extra Debit Card. Spend Power is
based on their current bank balance and a couple of other factors. There are no
upfront deposits, interest charges, or hidden fees. Sounds like a win-win to us!
Please see your terms, Spend Power may be credit provided by Lead Bank.

What are Extra’s membership plans?


Extra offers two membership levels: Credit Building and Credit Building +
Rewards. We don’t believe in interest or hidden fees; therefore, our membership
rates are all-inclusive.

Regardless of which plan you choose, both allow you to build credit with your
Extra Debit Card. You also gain access to the Extra App, where you can track
your spending, and access content like podcasts, interviews, and more—just for
members.

For those who’d like an added boost, our Credit Building + Rewards plan enables
you to earn Reward Points with every swipe which can be redeemed in our Extra
Rewards Store, where you can get your hands on your favorite brands and hard to
find products.

‍

Credit Building Plan

✅ Build credit with debit

✅ Extra spend tracking app

✅ Best looking debit card ever

✅ Access to the Extra Rewards Store

❌ Earn reward points for every purchase

‍

Rewards + Credit Building Plan

✅ Build credit with debit

✅ Extra spend tracking app

✅ Best looking debit card ever

✅ Access to the Extra Rewards Store

✅ Earn reward points for every purchase

Which Credit Bureaus does Extra report to and how often?


Currently, we report to both Equifax® and Experian® at the beginning of each
month.

Once you sign up, we should start appearing on your credit report by the 20th of
the following month. For example; if you signed up on 11/1, our first credit
report would be submitted in December and we should appear on your credit report
by 12/20.

If you're not seeing Extra on your reports, give us a shout from your Extra App
and someone from our Concierge Team will be happy to help.

Why should I trust Extra with my bank account?


Here at Extra, we nor our banking partners have access to your banking
credentials when you connect your checking account to your Extra purchases. We
use Plaid, a well-known industry provider, to connect to your bank account.
Plaid uses encryption and internationally-recognized security standards to do
their best to keep your information safe and secure.

What are 4 Important things to keep in check while using Extra?


Spoiler alert: Your credit score is heavily impacted by what you’ve done before
signing up for Extra and what you are doing outside of Extra with your other
lines of credit. 

Think of Extra like a vitamin, it can have amazing positive effects, but only if
you keep up a healthy routine overall while using it. 

Everyone’s credit profile is different and these are the top 4 things that we
recommend taking care of and keeping in check while using Extra. 

1. Debt currently in collections

 * No surprise, having debt that is currently in collections tends to be a huge
   weight on your credit score. Check your credit report to see who the
   collections agency is and, if you can, set up a payment plan to take care of
   this ASAP or, if you don’t recognize the debt, take steps to dispute it. It
   will be hard for your credit to grow until you resolve any collections
   activities. 

2. Average age of all credit lines; longer is better

 * Lenders like to see as much positive payment history for as long as possible.
   For your credit lines that are in good standing, try to keep them open, even
   if you’re not using them. For your credit lines that aren't in good standing,
   pay them off and also keep them open, length of credit history matters!

3. Utilization of all credit lines

 * Try to avoid spending more than 30% of your available credit on any given
   credit line.  This is one of the things that can make your credit score
   fluctuate month to month even if you’re doing everything else perfectly. If
   you have to spend more than 30%, pay it off before your payment due date if
   you can, this should reset your utilization before the billing period is
   over.

4. Missed payments in the last 6 months

 * Last but not least, If you had a missed payment on your credit report before
   signing up for Extra, it’s going to take some time to recover from it, but
   maintaining positive payment history with all of your other payments,
   including your Extra Card, can help. If you can, try to set up auto pay with
   all of your credit lines when possible.

Additional questions? Check here

How much can Extra improve my score and help me get other lines of credit?


In a recent study comparing more than 10,000 consumers, Extra cardholders
experienced, on average, a 20-point increase in their credit scores during the
study period compared to only a 1-point increase in credit scores among
non-Extra users.

The most successful Extra members that used the product as recommended saw a
48-point increase on average, and those who started Extra with a credit score of
less than 500 experienced an impressive 99-point credit score increase!

Successful cardholders, who use the product as recommended, are defined by
having: no missed payments in the last 6 months of membership on any credit
line; no maxed out credit lines in the last 3 months of membership; and starting
their membership with a credit score of 650 or less.

Bolstered by increased credit scores, Extra cardholders were 2-3 times more
likely to open new trade lines for mortgages, auto loans and/or credit cards
over the course of a year.

Additional questions? Check here

How do I cancel?


You can cancel your membership anytime by contacting our Member Concierge team
through the app or by emailing us at hey@extra.app.

Got more questions?


We’re more than happy to answer them all. Check out the rest of our FAQ page, or
email us at hey@extra.app. A real person from our Concierge Team will do their
best to get you the answers you’re looking for.



YOUR CREDIT ISN’T GOING TO BUILD ITSELF. LET’S GET STARTED!

Get Started
Extra does not check your credit score
‍
© 2024 The Aligned Company d/b/a Extra
NMLS #2341556

Contact Us: hey@extra.app


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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. Credit scores are independently determined by credit bureaus based
on a number of factors, including your other financial transactions. Extra
reports to Experian® and Equifax®. The Extra Debit Card and related services
will not remove negative credit history from your credit report. Rewards points
only available with rewards plan. Membership fees apply. Please refer to our
Terms of Service and Cardholder Agreement for additional details.

2To transact with your Extra Debit Card, you must have an active,
Plaid-compatible bank account linked to Extra’s services (“Partner Account”). If
your Partner Account is disconnected from Extra services for any reason, you
will not be able to use your Extra Debit Card. Within 30 days of the date of
each transaction made using your Extra Debit Card, Extra will initiate one or
more ACH debits to deduct equivalent funds from your Partner Account. These ACH
debits typically deduct funds from your Partner Account within 2 to 3 business
days after initiation by Extra.

3Data based on a study of active Extra customers with good credit habits.
Individual results may vary. To learn more, please see the full study at
extra.app/study.