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Varo Bank Unveils New Program “Varo Believe” to Help Americans Build Credit
Digital banking group
Varo Bank announced on Thursday the launch of Varo Believe Program, which is described as an innovative credit building product that includes a Visa credit card and credit monitoring. According to Varo, the Believe Program is aimed at the 45 million Americans who are “credit invisibles,” meaning they have insufficient credit history to qualify for credit – and the millions more who are seeking to improve their credit score.
“The Varo Believe Program is a new kind of credit card program that is linked to a Varo bank account to help avoid runaway debt. The card reserves the money that is spent from a linked Varo bank account in real-time into a secure Vault Account to pay your credit card balance on time and in full every month.”
Varo Bank Introduces Varo Believe, a New and Better Way for Millions of Americans to Build Credit
The Varo Believe Program is a unique credit card for building credit that has no upfront security deposit, no monthly fees, and no APR
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SAN FRANCISCO, Feb. 25, 2021 /PRNewswire/ Varo Bank, the first all-digital nationally chartered bank in the US, today introduced the Varo Believe Program , an innovative credit building product that includes a Visa credit card and credit monitoring. The Believe Program is aimed at the 45 million Americans who are credit invisibles - meaning they have insufficient credit history to qualify for credit - and the millions more who are seeking to improve their credit score.