Welcome! Congrats on starting your credit-building journey with Credit Builder Plus. Did you know that most members improve their credit by over 27 points within their first 60 days?* You’re so ready for this!
Five easy steps to get started
Here are the first five steps to begin maximizing your membership. You have a powerful financial starter kit in the palm of your hand. Ready, set, go!
Build your Streak to boost your Lion’s Share payouts
Explore the RoarMoney mobile banking account
Get to know your Credit Builder Plus loan
Explore your Instacash benefits
Start investing in a personalized portfolio
You’ll find a bonus step at the end too. Please try to contain your excitement! Start these steps today.
Step 1: Build your Streak in the app
The MoneyLion app is your financial easy button, helping you manage your money and lower your stress. So start logging in daily! As a Credit Builder Plus member, you are eligible for monthly Lion’s Share payouts, and getting the biggest payout of $19.99/month requires daily logins and making purchases with a RoarMoney account. Keep your Streak going by opening the app and swiping until you reach the Financial Heartbeat every day.
You can also maximize your benefits by connecting your financial accounts to the app. It’s secure, and you’ll be able to manage all of your finances in one place. Track your spending, income, credit and more in the Finance tab and in the Financial Heartbeat. And get personalized alerts, financial advice, and savings tips.
Go the Finances tab to link your accounts now.
Step 2: Explore the RoarMoney mobile banking account
Your membership can get even stronger and more rewarding if you also have our RoarMoney mobile banking account. You can be eligible for the highest monthly Lion’s Share payout by making at least 20 purchases over $10 with your MoneyLion Debit Mastercard or RoarMoney virtual card per month. Learn more about the rewards and benefits here. Plus,
Step 3: Get to know your credit builder loan
As a Credit Builder Plus member, you get access to a credit builder loan. If you’ve taken it, you’ve now received a portion of the loan funds in your checking account. You’ll find the rest of your loan saved for you in a Credit Reserve Account in your name. Pop over to the Finances tab in the app to see it anytime! When you pay off your loan, you’ll get to access the cash in your Credit Reserve Account in about 10 days. Learn about other options here.
We’ll be reporting your payments to TransUnion, Equifax, and Experian every month to help build your credit score. Paying on time can have a powerful credit-building effect! Explore the Credit tab in the app, where you’ll get weekly credit score updates.
Step 4: Explore your Instacash benefit
As a Credit Builder Plus member, you get automatic access to $50 or more in Instacash advances. Tap the Instacash button on the home screen or in the Finances tab to explore. With access to 0% APR advances, you can top off your account day or night when you need a little extra cash.
Want more Instacash? Set up recurring direct deposits into a RoarMoney account to increase your Instacash limit to up to $250!
Step 5: Start investing with as little as $5
Investing is the key to financial security, and the MoneyLion Investment account makes investing as easy as banking. Check out the account in the app. You can deposit any amount, any time — and we’ll make your money work as hard as you do, with no asset-based management fees.
When you deposit money, whether $5 or $50 or $500, we’ll invest it for you in your personalized portfolio with no management fees. The sooner you start investing, the more opportunity your money has to grow over time. It’s a fact.
Bonus step! Explore the Financial Heartbeat monitor
Starting strong requires knowing where you’re at now so you can track your progress. The Financial Heartbeat tool is a first-of-its kind fitness tracker for your money that lets you monitor your financial health in the same way you’d use a Fitbit or Apple Watch to manage your physical health.
It monitors four areas of your financial health — Save, Spend, Shield, and Score — and celebrates your progress with Strive. Together, these five scores add up to your total Financial Heartbeat score (1.0 to 10.0, with 10.0 as a perfect score).
To reach the Financial Heartbeat feature, swipe through all your cards in the app — it will appear after you swipe past the trivia card. The more you link your financial accounts and engage with the app, the more this tool can help you strengthen your financial health.
Set yourself up for success
Follow the steps above and check on your finances every day in the MoneyLion app. You’ll be set up for success and on the path to financial security and excellent credit. We promise to make your journey fun, rewarding, and easy! Thanks for joining the MoneyLion pride.
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Disclosures
MoneyLion is a financial technology company, not a bank. RoarMoney℠ demand deposit account provided by, and MoneyLion Debit Mastercard® issued by, Pathward®, National Association, Member FDIC. RoarMoney is a service mark of MoneyLion. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International. Funds are FDIC insured, subject to applicable limitations and restrictions, when we receive the funds deposited to your account.
Credit Builder Plus membership ($19.99/mo) unlocks eligibility for Credit Builder Plus loans and other exclusive services. This optional offer is not a Pathward product or service. A soft credit pull will be conducted which has no impact to your credit score. Credit Builder Plus loans have an annual percentage rate (APR) ranging from 5.99% APR to 29.99% APR, are made by either exempt or state-licensed subsidiaries of MoneyLion Inc., and require a loan payment in addition to the membership payment. The Credit Builder Plus loan may, at lender’s discretion, require a portion of the loan proceeds to be deposited into a reserve account maintained by ML Wealth LLC and held by Drivewealth LLC, member SIPC and FINRA. The funds in this account will be placed into money market and/or cash sweep vehicles, and may generate interest at prevailing market rates. You will not be able to access the portion of your loan proceeds held in the credit reserve account until you have paid off your loan. If you default on your loan, your credit reserve account may be liquidated by the lender to partially or fully satisfy your outstanding indebtedness. May not be available in all states. Credit Reserve Accounts Are Not FDIC Insured • No Bank Guarantee • Investments May Lose Value. For important information and disclaimers relating to the MoneyLion Credit Reserve Account, see Investment Account FAQs and FORM ADV.
Instacash® is an optional service offered by MoneyLion. Your available Instacash Advance limit will be displayed to you in the MoneyLion mobile app and may change from time to time. Your limit will be based on your direct deposits, account transaction history, and other factors, as determined by MoneyLion. Expedited delivery requires Turbo Fee. See Instacash Terms and Conditions for more information and eligibility requirements.
Investment advisory services provided by ML Wealth LLC. Investment Accounts Are Not FDIC Insured • No Bank Guarantee • Investments May Lose Value. For important information and disclosures relating to the MoneyLion Investment Account, see Investment FAQs, Form ADV Brochure, and moneylion.com/investing. Accounts are subject to a monthly account fee of $1, $3 (accounts valued over $5,000), or $5 (accounts valued over $25,000).
Rewards are subject to terms and conditions, see here.
Rewards are an optional service offered by MoneyLion
MoneyLion does not provide, nor does it guarantee, any third-party product, service, information, or recommendation. The third parties providing these products or services are solely responsible for them, as well as all other content on their websites. MoneyLion is not liable for any third party's failure with regard to those advertised products, services, and benefits. These advertised products and services may not be FDIC insured or bank-guaranteed, and may be subject to a different privacy policy than MoneyLion’s. You should check individual offers, products, and services to become familiar with any applicable restrictions or conditions that may apply. MoneyLion may receive compensation from third parties for referring you to the third party, their products or to their website.
Instacash is a 0% APR cash advance service provided by MoneyLion. Your available Instacash advance limit will be displayed to you in the MoneyLion mobile app and may change from time to time. Your limit will be based on your direct deposits, account transaction history, and other factors as determined by MoneyLion. This service has no mandatory fees. You may leave an optional tip and pay an optional Turbo Fee for expedited funds delivery. For a $40 Instacash advance with a Turbo Fee of $4.99, your repayment amount will be $44.99. Generally, your scheduled repayment date will be your next direct deposit date. An Instacash advance is a non-recourse product; you will not be eligible to request a new advance until your outstanding balance is paid. See Membership Agreement and help.moneylion.com for additional terms, conditions and eligibility requirements.