Build Credit While You Save

Whether you need to establish a credit history or rebuild your credit, Credit Builder Plus helps you build credit while you save — with no credit check.

Build my credit today

Total monthly cost includes $19.99 Credit Builder Plus membership and a monthly loan payment.


Join a Powerful Credit-Building Membership

Get a credit
builder loan

Unlike any other, our loan gives you funds today while helping you save and build credit!

your credit

View your credit score and other key credit factors like credit utilization anytime.

Track your

Get personalized credit-building insights and tips sent right to your inbox.

Get 0% APR Instacash

Get cash advances of at least $50 per pay period to help cover everyday expenses.

Earn Lion’s Share cashback

Earn rewards up to $19.99/mo by using the MoneyLion app and RoarMoney mobile banking.

Take Control of Your Credit

Credit affects so many areas of your life — from loans to insurance to housing — so establishing a good score is essential. And Credit Builder Plus makes it easy!

It all starts with payment history, the top driver of your credit score.2 Credit Builder Plus includes a loan that helps you establish 12 months of payment history with all three credit bureaus. You’ll also get 24/7 credit monitoring to track your progress.

And while most credit builder loans don’t give you any of your funds up front, we’ll give you a portion of your loan funds right away and access to 0% APR cash advances.

With us, you can cover today’s expenses while you build credit and save. All with no credit check. You won’t find these benefits anywhere else.

Awesome finance app!

MoneyLion is not only a really convenient and easy to use app, but it also helps you boost your credit score as long as you keep up on-time payments! How great is that?! See what they do is give you a $1,000 loan, but only make a portion of that loan available to you, that way, once you’re done making your on-time payments, you can have the rest of the cash to spend however you’d like PLUS a credit score boost! WIN-WIN!!!

– Ciara

How the Credit Builder Loan Works

Here’s an explanation of how our credit builder loan helps you get some money for today — with no credit check — while building credit and savings for tomorrow:


Apply for a loan up to $1,000 with no credit check

Get a competitive rate loan and receive a portion of your funds up front, with the rest saved for you in a Credit Reserve Account.


Pay off your loan OVER 12 months

Set up automatic loan repayments timed to your pay cycle for easy, manageable payments.


Build credit history with
each on-time payment

Get your on-time payments reported to all three credit bureaus each month to help you boost your credit score.


Unlock your savings
after building credit

Receive the funds from your Credit Reserve Account to spend however you want after you pay off your full loan amount!3

Track Your Credit While You Build

We’ll check your top four credit score factors on a weekly basis and send you updates on how you’re doing.

  • Positive Payment History
  • Credit Age
  • Credit Utilization
  • Credit Inquiries
100 %
Positive Payment History

Your score improves when you have less negative marks or late payments.

20 Years
Credit Age

Lenders and creditors like to see credit ages of at least 8 years.

100 %
Credit Utilization

Lenders like to see a credit usage under 30%.

20 Inquiries
Credit Inquiries

Apply for accounts that require a hard credit inquiry within a month to minimize the credit score impact.

A Your Grade
A Your Grade
F Your Grade
F Your Grade


Apply for Credit Builder Plus with no credit check now to unlock a powerful membership and get a personalized credit builder loan offer up to $1,000.

Build My Credit Today
Build my Credit Today

Frequently Asked Questions

What is the Credit Builder Plus membership?

Credit Builder Plus is MoneyLion’s program to help you build or rebuild credit even if you are new to credit or have typically been unable to access traditional financial products. And it’s proven to build your credit! Most members improve their credit score by an average of 60 points within the first 60 days.*

This powerful membership costs $19.99/month and includes several features and benefits:

  • Credit builder loan: As a member, you have access to competitive-rate installment loans up to $1,000 that help you build credit through positive payment history and save money:
    • You receive a portion of your loan funds right away, disbursed into an account of your choosing.
    • The remainder of your loan amount is held in a Credit Reserve Account in your name and given to you after you make your final loan payment.  The amount of the loan held in the Credit Reserve Account is based on a variety of risk-based factors, including financial information you provide to us.
    • Once you’ve paid your loan in full, the remaining loan amount that was held in your Credit Reserve Account will be released to you.  Please note, your funds will typically arrive 10-14 days after your final loan payment is initiated, depending on the payout method you selected.
  • Monthly reporting the three major Credit Bureaus. Each month, we report your payment history to the three main credit bureaus – Experian, TransUnion, and Equifax. Remember, on time payment history is key to building good credit.
  • Credit monitoring tools: You can monitor your credit score and key credit factors like your credit utilization in the MoneyLion app, and your information is updated weekly.
  • 0% APR Cash advances: Your membership includes access to Instacash advances of at least $50 per direct deposit period.
  • Rewards: Members get exclusive monthly Lion’s Share Loyalty Program rewards, with payouts up to $19.99 per month. Click for more information on Lion’s Share.

You get all this for just $19.99 per month (plus your loan payments if you take out a Credit Builder loan).

* Credit score improvement is not guaranteed. Credit scores are independently determined by credit bureaus. Data was sourced from credit score data from over 29,000 Credit Builder Plus members with an active loan between August 7, 2019, and April 21, 2020. MoneyLion is not a Credit Services Organization. Credit Builder Plus is an optional service offered by MoneyLion.

How do I qualify for the Credit Builder Plus membership?

Applying is quick and easy in the MoneyLion app.  To apply, you must:

  • Be at least 18 years old
  • Be a US citizen or permanent resident
  • Have a Social Security number
  • Have a bank account, debit card or prepaid card (so you can make payments)

There’s no credit check to apply and you don’t need good credit to be eligible. You can even apply if you don’t have any credit history at all.

To get started, just link your primary checking account, and we’ll securely scan your finances to see if you qualify. The account you link must meet the following criteria:

  • A checking or spending account in good standing (at MoneyLion’s discretion) with a detectable income stream (i.e. it’s where you deposit your paychecks/salary/benefits checks). Savings and money market accounts will not qualify.
  • The account has been open for at least 60 days.
  • The account demonstrates an acceptable balance and active transaction history (at MoneyLion’s discretion).

You can apply directly in the MoneyLion app and we’ll let you know if you’re approved for the Credit Builder Plus membership almost instantly.

If your account doesn’t qualify, please try again when it has been open longer and/or had more consistent deposits and positive balance — or try connecting another checking account!

Here are a few more tips on qualifying for Credit Builder Plus:

  • Enter your personal information exactly as it appears on your linked checking account as all details must match.
  • Make sure your personal information such as name, address etc, matches public records. If we are unable to confirm the information you provide against public records  you may be rejected for a CB+ loan.  In some cases, we may require you to provide  additional supporting documents such as proof of identity or proof of address, a bank statement and/or utility bill so that we can manually verify your identity.
What is the Credit Reserve Account?

Based on your financial history as detected in the checking account you linked when applying for Credit Builder Plus, we’ll split your loan funding into two parts:

  1. Money that you’ll get right away
  2. Money that we’ll save for you in a Credit Reserve Account while you pay off your loan

By holding some funds in the Credit Reserve Account, we are able to give you the opportunity to build your credit with consistent payments over the 12-month term of the loan.

The Credit Reserve Account will be in your name, and you’ll be able to see it in the “Finances” tab of the MoneyLion app. Think of it like instant savings! When you pay off your full loan amount, it may take up to 10-14 days to get the money from your Credit Reserve Account distributed to you after you have initiated your final payment. 

If you have an active RoarMoney account and debit card, we’ll disburse the funds to that account. If not, we’ll disburse the funds to your external checking account that you use for your loan payments.

Your Credit Reserve Account is an account maintained by MoneyLion’s SEC-registered investment adviser, 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 funds in your Credit Reserve Account until you have paid off your Credit Builder Plus loan. You may use it to pay off your loan in full, if you choose. Learn more here.

The Credit Reserve Account is not a transaction or trading account. If you default on your loan, your Credit Reserve Account may be liquidated to partially or fully pay off what you owe.

What is the Lion's Share Loyalty Program?

With the Lion’s Share Loyalty Program, the more you use your membership, the more you can get back. To be eligible, you must have a RoarMoney account, a MoneyLion Investment account and be a Credit Builder Plus Member.

The program has five tiers — Mint, Bronze, Silver, Gold, and Platinum. Your program tier is determined at the end of each month based on:

  • How many days you have logged into the app that month (You have to log in and swipe all the way through the mobile cards and into the Financial Heartbeat Streak screen for your login to be captured.)
  • How many eligible purchases of $10+ you made that month with your MoneyLion Debit Mastercard and/or RoarMoney virtual card


Tier Purchases of $10 or more per calendar month Days of MoneyLion app logins per calendar month Expected Lion’s Share payout
PLATINUM 20+ purchases logins every day $19.99
GOLD 10-19 purchases 25+ days of logins $7-12
SILVER 5-9 purchases 15-24 days of logins $3-5
BRONZE 1-4 purchases 5-14 days of logins $1-3
MINT 0 purchases 1-4 days of logins $0


You must meet both requirements — days of logins AND number of MoneyLion Debit Mastercard transactions — to qualify for any given tier. So, let’s say the number of purchases you have made satisfied the requirement for Platinum, but the number of days you logged in falls within the Bronze range, you would qualify for Bronze that month.

Platinum members will always get a $19.99/month Lion’s Share payout. Payouts for the tiers below Platinum will vary each month, and we’ll announce the projected payout amounts in the app and by email at the start of each month, so members can know what they’re aiming for.

As an example, here are the July 2020 Lion Share’s payouts by tier:

  • PLATINUM: $19.99
  • GOLD: $12
  • SILVER: $5
  • BRONZE: $3

Lion’s Share payouts will generally be deposited into your MoneyLion Investment Account within five business days of month-end.

Your Credit Builder Plus membership and loan payments must be in good standing at the end of the month for you to receive a payout. MoneyLion Debit Mastercard and virtual card purchases must be $10 or higher and posted by month-end (not simply pending or authorized) to count toward your total transactions for the month. Any transactions not posted within the month will count toward your next month’s Lion’s Share.

At the end of each month, we’ll assess all membership activity across our business and determine the total pool of Lion’s Share money available to be shared with Credit Builder Plus members. After we give $19.99 to each member who qualified as Platinum based on their logins and purchases that month, we’ll calculate the exact amount to be awarded to each of the lower tiers based on what’s left in the pool.

How much does Credit Builder Plus cost?

The Credit Builder Plus membership costs $19.99/month. We will schedule your  membership fees and loan payment due dates to align with your paycheck frequency to make payments easier.

For example, here’s how the $19.99/month membership payment breaks down by pay schedule:

  • Weekly membership payment: $4.60
  • Biweekly membership payment: $9.20
  • Semi-monthly membership payment: $9.99
  • Monthly membership payment: $19.99

To view your membership payment schedule click into your Profile menu in the top left corner of the app and navigate to the Membership page.

Your loan payment will be collected as a separate transaction and will include both the principal payment and interest due.  Your loan payment schedule can be found by clicking on the “Loans” tab in your app and then selecting “Payment Schedule”.  

Remember, Credit Builder Plus members can earn a Lion’s Share payout of up to $19.99 at month end by logging into the MoneyLion app every day and using their RoarMoney Debit Mastercard for 20 or more purchases of $10 or higher in a calendar month. Learn more here.

Have More Questions?

Read full FAQ