Cleo Credit Builder Visa® Card

A charge card with Credit Builder Account made to boost your credit ratings

Updated: Sep 26, 2022

Advertiser Disclosure

Cleo is an AI-powered app primarily designed to help you manage your finances. It offers a new way to improve its clients' spending and saving habits because the Cleo Credit Builder app is anything but traditional and boring. Namely, the app is famous for its sassy AI assistant, the use of unfiltered language, and sincere responses, which is precisely why so many people love it. However, the latest feature Cleo is offering to its users is the ability to increase their financial outputs, with a strong focus on building credit scores. For $14.99 a month, you can get a Cleo Credit Builder card that'll allow you to build credit, get cash advances, earn cashback rewards, experience Visa benefits, and enjoy premium customer support.

ANNUAL FEE

See Terms

ONGOING APR

0% Fixed

INTRO APR

N/A

26 User Ratings

Cleo Credit Builder Visa® Card

at Cleo's Secured website

Apply Now

Introductory APR

N/A

Intro APR Period

N/A

Recommended Credit Score

Bad Credit OK

Key Features

  • Charge Credit Card with Credit Builder Account
  • Helps budget, save, borrow and build credit
  • Cashback rewards program with Cleo Plus
  • Minimum recommended credit score is 500
  • No credit check. No interest.
  • 2 minutes signup
  • Credit reporting
  • Issued by WebBank, FDIC Insured

Our Take

Cleo Credit Builder Card is Best for

  • People looking for a platform that’ll help them build credit in a fun and easy way;
  • People interested in developing strong credit-building and money-saving habits;
  • Those searching for a card that won’t charge them standard fees commonly associated with secure credit cards;
  • People who are attracted to earning amazing rewards through cashback and daily challenges;
  • People who don’t mind paying a slightly pricier monthly fee for the access to all features and a good time with Al.

Cleo Credit Builder Visa Advantages

If you decide to sign up with Cleo, you can count on experiencing a wide variety of advantages, including the ones mentioned below.

Military-grade online safety. Since online banking and financial platforms use valuable client data, security is the top priority for anyone using or offering digital financial services. One of the greatest things about Cleo Credit Builder is that it never stores your login details since they’re secured with 256-bit encryption. You can sit back and relax because all your credentials and confidential data are safe with Cleo.

Services. Besides having access to the Credit Builder program, the Cleo Visa card offers numerous additional services to its clients, including individual finance management, cashback opportunities, and daily cash challenges. That’s an impressive selection of various services clients can choose from and enjoy.

Cash cack rewards. As already mentioned, Cleo offers some outstanding cashback rewards. Namely, you can earn some money back via click-through offers at selected retailers. Every time you spend some money at your favorite stores, you’ll get a little bit back.

No fees. There are no fees besides the $14.99 monthly fee. That includes annual fees, late fees, and other fees generally associated with traditional cards. You can always plan your budget accordingly as there are no hidden or unexpected costs.

No minimum security deposit. Cleo doesn’t require a minimum security deposit amount to open your account. Whatever amount you decide to deposit will serve you as your credit limit. With no fees and no minimum security deposit required, Cleo customers can experience greater financial flexibility and freedom to manage their funds.

Charge card. The Visa card you’ll receive at Cleo is a charge card, meaning that you must pay off the balance in full after each month. While this is a huge responsibility, it’s an excellent way to develop strong money management and credit-building habits, as you’ll never get yourself into debt and heavy interest rates. (See: Charge vs Credit Card. Explained.)

Cash advance. Although a charge card, Cleo can lend you up to $100 when you need it. This feature can save you from unexpected financial costs but remember you need to pay off the full amount at the end of the month.

What are the Disadvantages?

Although the advantages of the Cleo debit card are numerous, the program still isn’t flawless. Therefore, it’s vital to understand Cleo isn’t perfect and comes with some unique drawbacks you should consider before taking the plunge.

Steep price

We’ve already mentioned the monthly fee for using Cleo financial services is $14.99. That may not seem like a lot of money at first glance. However, that’s $180 annually just to use the Cleo Credit Builder Card. When you compare this amount to the annual fee of other credit-building and secured cards, you’ll quickly realize Cleo offers its services at a pretty expensive price point. But, if you find its advantages amazing, maybe it’s worth paying a slightly pricier sum for the service.

Reports to 1 credit bureau

The other main disadvantage of using Cleo is that the company only reports to one major credit bureau – Experian. This feature can drastically reduce your chances of building strong credit because the best results are achieved when a company reports to all three major credit bureaus – Experian, Equifax, and Transunion. While reporting to a single credit bureau was acceptable a few years back, today, you can easily find numerous similar companies that report to all three major credit bureaus.

What Makes the Cleo Credit Builder Card Different

Cleo offers revolutionary features in the digital banking industry. With zero-fee and zero-interest rates, customers can take control of their spending without a financial institution limiting their every move. What makes Cleo different are the following features:

  • No interest rates;
  • Easy budget planning;
  • You determine your line of credit;
  • Bank doesn’t decide your credit limit.

If you’re looking for a digital platform that’ll support your decisions and help you achieve financial freedom, Cleo Credit Builder with a Visa charge card might be just the solution.

Bottom Line

To sum everything up, Cleo is introducing some innovative features into online financing and banking. Cleo is a reliable platform that offers its clients much-needed stability with a determined monthly fee and no additional costs. Furthermore, the platform offers impressive rewards and offers to its clients, so you should check Cleo out. Nevertheless, the monthly fee is slightly more expensive, and the company reports only to Experian. For some people, these could be the reasons to go with a Cleo alternative — see the Best Credit Builder Apps Comparison article.

Frequently Asked Questions

Apply Now
Basic Information
Issuer: WebBank
Network: VISA®
Category: Consumer (Regular)
Best Used For:
  • Cards for Bad Credit
  • Charge Cards
  • Instant Decision
  • Damaged Credit
  • No Credit Check
  • Rebuild Credit
  • Virtual Cards
Rewards: Yes
Reward Types:
  • Other Rewards
  • Universal Rewards
Reward Units: Cash
Rates & Fees
Regular APR: 0%
Regular APR Type: Fixed
Annual Fee: See Terms
Balance Transfer: No
Other Fees:
  • Card issuing fee: $0
  • Card monthly fee: $14.99

Cleo Credit Builder Visa® Card Alternatives


Cleo Credit Builder Visa® Card

Cleo Credit Builder Visa® Card

APPLY NOW

Annual Fee

See Terms

Regular APR

0%

Intro APR

N/A

Rec. Credit Score

Bad Credit OK

IMPORTANT
*The information provided for Cleo Credit Builder Visa® Card is believed to be accurate at the time of evaluation or recent update on September 26, 2022. However, we strongly advise visitors to review the card fees and Terms & Conditions on the issuer's website by following Apply Now link to verify the accurancy of the information posted prior to applying for this card offer.

Cleo Credit Builder Visa® Card

Reviews
Share your experience and rate the Cleo Credit Builder Visa® Card
Cleo Credit Builder Visa® Card

Cleo Credit Builder Visa® Card

Rec. Credit Score: Bad Credit OK

Save to Compare

My Saved Cards (0)

Compare Saved Cards

Market Pro Secure® has made it easy to find the best card offers for you. All you need to do is find the cards you like, click "Save Card", and compare side-by-side.

×

Advertiser Disclosure

Market Pro Secure® is an independent payment card comparison service supported by advertisers, a complete list of which can be seen in our Editorial Guidelines. Even though some of these advertisers are financial product providers and credit card issuers, our paid partnerships don't affect card ratings or the Best Card Picks on our website. We don't post any content that is provided or commissioned by any of our partners. However, our paid partnerships may affect how and where products appear on our site, including the order in which they are presented within listing categories. This order may also be affected by our website rules, as well as the likelihood of the applicant’s credit approval. We can't offer any warranty for the accuracy of the credit card information we share on our website, even though we do our best to keep the Terms and Conditions, rates, and other credit card details up-to-date. For more accurate information, click "APPLY NOW" to get transferred to the credit card issuer's official website. Market Pro Secure® doesn't include all available payment cards in the marketplace.