Kovo Credit Builder Review 2024 – Earn Rewards & Build Credit

Updated: Jul 4, 2024

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Build Your Credit the Easy Way with Kovo Account

Kovo is for those who want a better credit score and courses to work toward achieving their goals. You can purchase them on credit and develop valuable skills to succeed as a professional. Another excellent feature of Kovo Credit Builder is rewards – gift cards for reward cards and loans.

Kovo Credit Builder

Best for

  • People with poor scores
  • People with no history of credit use
  • Consumers seeking rewards on cards or loans
  • People looking for affordable courses on credit

Kovo Credit Builder Data Table

Kovo Credit
CompanyKovo Inc.
FoundersNimit Jain, Charles Li
Alternate Business NamesKovo Credit, Kovo Credit Builder
Type of Entity Corporation
IncorporatedOctober 22, 2019, in DE, USA
Years in Business3 years
Financial Technology
Service AreaUnited States
ServicesCredit Building
Annual Fee$0
Plans & Pricing1 Plan
New to CreditOK
Recommended CreditAccepts All
LimitNot Disclosed
Credit PullSoft
ReportingYes. Equifax, Experian, TransUnion
Score TrackingYes. FICO Score
Rewards Rates1% on Loans
Rewards DistributionGift Cards
Credit Builder LoansYes
Line of Credit Not Disclosed
Loan TypesInstallment Loan
Personal LoanYes
Business LoanNo
Sample Loan OffersUpgrade Loan ($1,000-$50,000)
Upstart Loan ($1,000-$50,000)
Opp Loans ($500-$4,000)
iLending Auto Refinance ($500–$150,000)
Sample Card OffersUpgrade Cash Rewards Visa
Upgrade Bitcoin Rewards Visa
Upgrade Triple Rewards Visa
Offers ListingBy State
Mobile AppNo
Address101 Convention Center Dr STE 370
Las Vegas, NV 89109-2018
BBB RatingsA-
BBB AccreditationNot BBB accredited
GoogleNot Rated
TrustpilotNot Rated
App Store
Google Play
Social NetworksKovo Linkedin, Twitter,
Facebook, Instagram, TikTok
Phone Number(855) 965-5686
Support Emailsupport@kovocredit.com
Online ApplicationClaim this offer

How Does Kovo Builder Work in 3 Steps?

1. Build with Repayment

If you’re looking to build credit safely, you can do so by taking out a Kovo offered loan with Installments. You’ll only have to pay $10 per month for 24 months, and your payment history will be reported to the bureaus.

2. Learn with Courses

Not only can you boost your credit with credit building loans, but you can also pick up useful skills with offered online Courses. These courses can help you find better outcomes and improve your overall situation.

3. Earn with Rewards

And finally, you can earn rewards with Installments by taking out loans. You’ll get money back on loan offers, and you could earn up to $1,075. (Reward Cards)

What Are Kovo Advantages?

Kovo offers many advantages that make financial goals fun and rewarding. Let’s see the most notable.

Skill-building courses

This credit builder gives access to a collection of interactive skill-building courses. They can help you build job interview skills, develop confidence, and improve time management to avoid stress, anxiety, and burnout. You can also learn about sales, ecommerce, the Google Sheets fundamentals, starting a business, and building a personal brand. Kovo Courses are available on credit; purchasing them can help you improve your score1. You pay them in 24 monthly installments of only $10. Sample of courses:

  • Personal Branding Path To Top 1% Influencer Personal Brand
  • Job Interview Skills, Interview Strategy & Answer Scripts
  • Self Confidence & Self Esteem: Confidence via Self-Awareness
  • How To Start A Business From Business Idea
  • Entrepreneurship: Sales Training, Techniques, and Methods
  • Intro to Programming

Try Coursera for Free or Coursera Plus with unlimited access to 7,000+ world-class courses.

No fees

The people behind Kovo Inc. understand how important it is to be able to rebuild score without having to overpay. For that reason, this credit building app is completely free of charge. You won’t have to pay for opening an account or monthly or annual maintenance fees. You can start building credit for free once you purchase the courses and make monthly installments. If you are late with your payments, there is no need to worry since the company won’t charge you any fees for late payments. However, that might negatively affect your score.

No credit check

This company gives everyone a chance to build their credit score, even if it is from the ground up. Whether you have a bad credit score or no credit history, you can get instant approval and start improving your finances. Kovo doesn’t pull a credit check to see if an applicant qualifies for its services. Anyone can use it to build a better future for themselves and their families.

Helps to reduce interest

When you increase your score using Kovo offered tools, your monthly interest payments will be lowered. This will save you a lot of money in the long run.

Reporting to credit bureaus

Kovo sends a monthly account and payment performance report to 4 major credit bureaus2 – Transunion, Experian, Equifax, and Innovis. It will report the progress you make every month, helping you with the credit-building process. That’s why it’s crucial to make on-time payments. They will appear on your credit report, improving your chances of getting lower interest rates on any future loan or credit card. (Cards Reporting Credit Explained)


Once you start using Kovo account, you can become eligible for Kovo Rewards – gift cards. You can earn them when getting a credit card or a loan from specific issuers and lenders. A credit card from partner issuers will get you back $75, while you’ll get 1% back for taking out a loan. A personal loan from featured lenders will provide a gift card of up to $500, while student loans (including refinance) offer gift cards of up to $250.

You’re eligible if you’ve made at least four on-time payments for Kovo Courses.

Opens new posibilities

Having better credit makes it possible for you to purchase a car and a home, with a greater number of financing options and a better chance of approval.

Are There Any Disadvantages?

Kovo Credit Builder doesn’t have many disadvantages that might prevent you from choosing it as your credit-building tool.

The only notable drawback might be having to purchase the entire course collection. Although affordable, you might need only one or two courses to build or hone your skills. Still, buying the whole bundle on credit will help your credit utilization score as long as you make on-time monthly payments.

4 Things That Make Kovo Different

Kovo Builder is undoubtedly one of the best credit improvement apps on the market. With no hidden fees, you can rebuild your score regardless of your credit history. This program allows everyone to improve their finances and work toward their goals while offering free and paid courses.

  1. Most credit builders offer the possibility of build or rebuild credit through a credit card. This one lets you do it while investing in your future through educational courses. You only need to buy the course collection on credit and make on-time monthly payments to improve your credit score.
  2. Another feature that makes this credit builder unique is its interest rate3 – or the absence of it. You pay for the courses without interest and can get more favorable loans and credit cards in the future. This option can be genuinely motivating and make you eager to perfect your credit score.
  3. This credit builder also has an excellent return policy. You can request a refund if, for whatever reason, you don’t like the courses within 30 days. Contact the support team for help.
  4. Let’s not forget about the rewards. Getting a loan or credit card from Kovo’s partners can get you up to $1,075 in gift cards. That’s another excellent reason to purchase its courses and build credit.

Kovo Credit Builder Competitions

  • Grow Credit Mastercard – allows building score when you pay for your subscriptions
  • Yotta Debit Card – Bank account with a real debit card that pays your interest in lottery tickets and prizes
  • Chime Secured Card – a new way to build your credit with everyday purchases and fee-free Mastercard
  • Kikoff Account – start building score with an innovative app and reach your financial goals faster
  • M1 Spend Visa Debit Card – Spend, Invest and borrow with one platform. Free checking with high APY

Bottom Line

Kovo Credit Builder might be one of the best score builders in the US. No matter your previous credit score, it lets you build better credit and work toward your goals. This builder app also featured as Best for Payment History has many benefits and few to no disadvantages. You will undoubtedly enjoy using its services to improve your financial future. The best part is instant approval since the company doesn’t check your score. That makes you eligible even if you have no credit history.

Overall, we recommend using this credit builder since you will have the chance to enhance your creditworthiness and get better offers in the future. Moreover, you will invest in your knowledge with practical skill-building courses and reach your financial goals faster. Apply Now!

Frequently Asked Questions

Reference Index

  1. What is a Credit Score Anyway? CNET
  2. What Are the three Bureaus? First Republic
  3. Interest Rates: Different Types. Investopedia


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