Faster credit builder with zero fees, 0% interest

You build credit by borrowing money and then consistently demonstrating that you can make re-payments on time. The Kikoff Credit Account is a revolving credit line that addresses 80% of your credit score: payment history, account utilization and account age. You’re in control of how much you want to pay back each month — with 0% interest and no fees attached.

You deserve to build credit without any surprises – and without any hidden fees. So let’s talk about fees! 

What are some fees that other credit products come with?

8 Common credit card fees

  • Annual fee
  • Interest charges
  • Late payment fee
  • Foreign transaction fee
  • Balance transfer fee
  • Cash advance fee
  • Over-the-limit fee
  • Returned payment fee

8 Common personal loan fees

  • Application fee
  • Origination fee 
  • Prepayment penalty 
  • Late payment fee 
  • Return check fee 
  • Payment Protection insurance

Remember: Kikoff doesn’t charge ANY fees 🥰

What gets reported to the Credit Bureaus?

Lenders use your credit score to help decide whether to give you credit — and what the terms will be, like your interest rate. Your score is calculated from your credit report, which gets updates and reports from your credit accounts.

For something to show up on your credit report, it can’t be just any loan (borrowing money from your friend doesn’t count, sorry)! Here are the credit accounts that get reported to the bureaus:

  • Credit cards
  • Retail store credit cards
  • Credit lines [this is what your Kikoff’s Credit Account will show up as!]
  • Home equity lines of credit (HELOCs)
  • Mortgages
  • Student loans
  • Auto loans
  • Personal loans

There’s no fee to make a Kikoff purchase, and no interest 🤩

The $750 line on your Kikoff credit builder account wasn’t designed to be spent out in the world.  We made this decision to help you prioritize growing credit. This includes keeping your utilization rate low — as low as less than 1%!

You open your $750credit line. You make a purchase on Kikoff. You pay it back, starting at $5 per month. We let the bureaus know.

Ok so, I just made a Kikoff purchase and I have to pay it back! Isn’t that a fee? 

With Kikoff, you’ll only ever pay back the amount of your purchase — not a dollar more. 

You’re in control over what you purchase, and you’ll see a transparent payment schedule beforehand. Unlike other credit products, there are no additional fees of any sort. The Kikoff credit builder account has 0% interest, zero late fees, zero prepayment penalties.

Oh, and there’s no fee to sign up for AutoPay. 🌱

We want you to start on the best path for building credit. Wherever you are on your credit journey, Kikoff’s credit builder doesn’t charge you any fees.