The Varo Believe Program is designed to help you build your credit.* It includes the Varo Believe Card to use for everyday purchases and the Varo Believe Secured Account, a deposit account that acts as security for your monthly Varo Believe Card payment, and is used to set the spending limit on your Varo Believe Card.
Varo will report on your payment history to the major credit bureaus - TransUnion®, Equifax®, and Experian® and provide credit monitoring directly in the Varo Bank app.
Once eligible for Varo Believe, you’ll be invited to apply directly in the Varo Bank app.
*Keep in mind, a variety of factors impact your credit, including payment history, utilization, derogatory marks, account age, total number of accounts, and inquiries - not all factors are equally weighted. Building your credit may take time and is a process, but the Varo Believe Program may be able to help.