How to Build Credit with Kikoff’s $750 Credit Line

In this post, we explain how Kikoff’s $750 credit line works – and why it’s so great for building credit . 

Kikoff’s Basic Credit Account comes with a $750 revolving line of credit that is just for building credit and not for everyday spending or splurging. Each month, your $5 payment activity is reported against this credit line to all 3 major credit bureaus. There is 0% interest and no other fees.  

What’s a revolving line of credit?

This is a type of credit that doesn’t have a fixed number of payments or term length. 

You can make purchases up to your credit limit. And while there is a minimum monthly payment, you always have the option to pay it off entirely. Credit cards are a common example. These are a very flexible option – there’s no minimum time commitment, and you’re in control of how much you spend and when you pay it off.

But unlike other revolving lines of credit, such as credit cards, the Kikoff Credit Account has 0% interest, no additional fees, and no credit check to apply. 

Where can I use my Kikoff Credit?

Your Kikoff credit can only be used on Kikoff. You can use your credit to purchase your Credit Account Basic Plan ($5 per month) or Premium Plan ($20 per month). If you’re confused which one you should sign up for, go here for a quick read.

We also have a Kikoff digital content store. It’s a little hard to find so we’ve linked it here. 

Something we’ve noticed is that revolving lines of credit can often lead people into more debt, spending money they don’t have on things they don’t really need.

We want to do things differently. That means helping our customers build responsible money habits and credit history – and learn more about personal finance along the way. 

What items are in the Kikoff Store?

All items in the Kikoff Store are digital educational content: we offer a variety of e-books, e-courses, and other resources. They’re focused on financial literacy. All items are affordably priced, between $10 – $20.

We’re been updating and improving our content based on customer feedback. You can create an account and browse our store for free before making any purchases – no commitment necessary!

How many items do I need to purchase?

To start building credit, you just need to make one purchase. That activates your account, and Kikoff will begin reporting for you to the credit bureaus. (You can read more about our reporting timeline here.)

Since your credit limit is $750, you can make multiple purchases if you want. But keep in mind your credit utilization – the second most important factor in your credit score. Each additional purchase increases your credit utilization, and experts recommend keeping this below 10%. Kikoff is on your side – we are here to help you use your credit responsibly.

OK, I’ve made a purchase on credit, how do I pay it back?

You can use any major debit or credit card to pay off your Credit Account balance. 

We don’t want anybody to forget a payment, which is why we offer AutoPay – a way to automatically make your payments on time without even opening the app. Set it and forget it

How long does it take to pay back my purchase?

Once you’ve made a purchase, Kikoff will set up a minimum repayment schedule over the course of 5-10 months. You can see this schedule by logging in to your Kikoff Dashboard.

How much is the minimum monthly payment?

If you start off by purchasing one product from the Kikoff Store, your monthly payment will only be $5.

Please note that your minimum payment may vary once you make multiple purchases. It depends on how much of your $750 balance you have used: the minimum payment is either $2 or 10% of your balance – whichever one is lower.

Can I pay more than the minimum amount?

Yes, you always have the option to pay off your balance entirely! And since it’s Kikoff, there are no fees for doing this

But we encourage you to stick to your minimum monthly payments because it’s the best way to build credit – through  consistent monthly payment history. And since Kikoff charges 0% interest and no additional fees, there’s no additional cost to you sticking to the monthly payments.

What happens when I finish paying off my balance?

Congrats! By this point you’ve built several months of positive payment history and you’re one step closer to your financial goals. You’re ready to rinse and repeat.

To keep building credit, simply make another purchase on the Kikoff store. Your credit builder account with us doesn’t expire, so you can keep building credit year after year. 

Also, by keeping your credit builder account open and active, you’re increasing your average account age – another important factor in your credit score. 

How often does Kikoff update my credit score?

We report every payment you make to the major credit bureaus. Every month you build credit, and every month you get an updated credit score and credit report!

More questions? You can learn more about the credit account in this blog post, as well as in our FAQ.

The information provided in this blog post is meant for informational purposes only and does not constitute financial advice. Kikoff Inc. is a financial technology company and not a bank. The Kikoff Secured Credit Card is issued by Coastal Community Bank, Member FDIC. Terms and conditions apply & individual results may vary. Make consistent on-time payments to maximize credit building potential.  Credit factors outside Kikoff, like other account balances or delinquencies, can have an impact on credit building progress.  Subject to approval via identity verifications and subject to terms and conditions. Kikoff Credit Account reported line of credit intended exclusively for credit building purposes & can be used to finance the purchase of monthly Credit Service plans and/or digital educational material via the Kikoff Store. For more information, visit our Terms and Conditions and Privacy Policy. We report to the major credit bureaus: Equifax, Experian, and TransUnion. Features, tradelines, bureau reporting, & pricing may vary depending on plan purchased. This post may contain marketing messages and advertisements in compliance with the CAN-SPAM Act. Please refer to our Secured Card and Credit Account Terms for detailed product disclaimers.

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Credit utilization, or the amount of credit used, greatly impacts your score—keeping it below 30% is ideal. Avoid myths like carrying balances to build credit faster. Pay in full and focus on strategies like the Snowball or Avalanche methods to manage debt effectively and improve financial health.