Yes, credit building is a commitment and therefore requires a program. With Credit Builder Plus, you get the tools to help you be successful, and the program only costs $19.99 per month. You’ll also be responsible for your loan payments.
You can recoup some or all of that amount by earning a Lion’s Share payout of up to $19.99 a month. To get a full $19.99 Lion’s Share payout, simply log into the app every day and make 20 or more transactions of at least $10 with your MoneyLion Visa Debit Card for the calendar month. Smaller payouts will also be awarded for fewer logins and less usage of the MoneyLion Visa Debit Card. You can learn more about the Lion’s Share Loyalty Program here.
There are no loan origination or early-payoff fees for the Credit Builder Plus loan.