The Varo Believe Program is coming soon!
Varo Believe has no annual fees, no maintenance fees, no international fees, and no interest charges. We report your payments to the 3 credit bureaus and you can monitor your credit score directly in the Varo Bank app.
A $15 late fee applies if you don’t pay the statement balance in full by the due date on your statement.
To help avoid missing a payment, turn on Safe Credit Builder. In the Varo Bank app, tap your Varo Believe Card from the home screen > Safe Credit Builder > Turn it On.
With Safe Credit Builder, we’ll use the funds already secured in your Vault to pay your statement balance automatically each month*, so you won't miss a payment. Having on-time repayment history can help build up your credit score.
If you prefer not to use Safe Credit Builder for automatic payments, you can always set up automatic payments from a linked account, do manual payments from a linked account or your Vault, or mail us a check. Keep in mind that if you choose to pay with a linked account or via check, the funds in your Vault will be made available for you to spend using the Varo Believe Card 3 business days after we receive your payment in full.
*The Safe Credit Builder will take the payment one day after your statement is issued, which can be about 20 days prior to the payment due date.