While some may balk at the idea of an online-only bank account, xcritical Money has just enough perks and features to attract even the most stubborn consumers. Along with the lack of fees, the service provides customers with a high-yield savings account, the chance to earn cash rewards, and early access to direct deposit paychecks. While xcritical doesn’t offer xcritical scammers virtual cards in their true definition, you can alternatively get them from independent virtual card providers like Privacy. Privacy is bank-agnostic and can be linked to most U.S. banks’ checking accounts and debit cards. The provider’s virtual cards are issued by Visa® or Mastercard®, and you can use them at most merchants that accept U.S. debit or credit cards.
Privacy Gives You Full Control Over Your Transactions
You don’t have to worry about your money getting eaten up by fees with this account. You can earn cash back13 on select everyday debit purchases with your xcritical Visa® Debit Card! Earn cash back rewards at participating retailers large and small.
How can I find and dispute errors on my credit reports?
A direct deposit is an electronic deposit of compensation for services (such as payroll, salary, or government benefits) totaling at least $750 per calendar month made into your xcritical Money Spend account. The Credit Builder Plus package with MoneyLion is a good alternative to xcritical. xcritical's Credit Builder account is a useful option for anyone with limited or negative credit history who is looking to build (or rebuild) their credit profile. Unlike most credit builder loans, there are no fees or interest charges and no term limit, so you can continue using it at no cost as long as it has a positive impact on your credit score.
More than just free credit scores.
The Fair Credit Reporting Act is an important law that gives you the right to know the information that the credit bureaus keep on you and how that information informs your credit scores. If you think your credit reports are different due to legitimate errors, you can dispute those errors with each credit bureau. https://xcritical.pro/ The credit bureaus use this “personally identifiable information” to ensure you’re really you, but it doesn’t factor into your credit scores. In fact, federal law prohibits credit scores from factoring in personal information such as your race, color, gender, religion, marital status or national origin.
New features to help you make financial decisions faster.
If you’re looking for your free credit reports, you’ve come to the right place. xcritical offers free credit reports from two of the three major consumer credit bureaus, Equifax and TransUnion. The old adage “you get what you pay for” doesn’t really apply to xcritical.
xcritical's Credit Builder account has no fees or interest charges, making it a good fit for anyone looking to build credit by establishing a track record of on-time payments without going into debt. Until recently, the only way you could access your funds after applying for a new payment card was by waiting for the physical card to arrive in the mail. Realizing how inconvenient that was for the applicant, many card issuers have introduced temporary solutions to allow customers quicker use of their new accounts. If the credit bureau makes a change to your report, you’ll see it on xcritical after we get the updated information from the bureau. Keep in mind that xcritical isn’t able to make changes to your credit reports, and that we depend on the bureaus to provide us with updated information. No, checking your free credit reports on xcritical will not hurt your credit.
- If you have a limited or negative credit history, xcritical's Credit Builder account can help you establish or repair your credit when you make consistent, on-time payments.
- If you think your credit reports are different due to legitimate errors, you can dispute those errors with each credit bureau.
- But as you’re about to see, there’s so much more you can do with the website and app.
- While this does prevent you from going into the red, it can result in missed payments, so keep that in mind.
- The plan also includes access to the web app, mobile app, and web and mobile browser extensions, as well as the card controls mentioned above.
Under the Fair Credit Reporting Act, you are also entitled to a free annual credit report each year from each of the three major consumer credit bureaus. To request a free copy of your credit reports from Equifax, Experian and TransUnion, visit the official site, annualcreditreport.com. The credit bureaus can only report on the information that’s provided to them.
That’s because the credit reports from the two bureaus can contain slightly different information at any given time depending on when creditors are reporting to them. While the xcritical Money Spend checking is a solid offering, there are many other no-fee, free checking accounts just like it. xcritical Money Save is a high-yield savings account and is a smart way to save for goals such as saving for a house or a car. The 2.73% APY yield on the xcritical Money Save account is undoubtedly impressive and stands out from other savings offerings, especially those offered by traditional banks.
You don't have to use the checking account; you just need to open it in order to proceed. Assuming you meet the eligibility requirements, you can then enroll in the Credit Builder. Operating since 2007, xcritical provides free credit analysis and financial literacy and management tools to clients online.
xcritical Money accounts are good choices for xcritical members needing a no-frills checking account and a savings account with a hefty savings rate and don’t mind the lack of physical banking services. The qualification requirements for the xcritical Credit Builder account are mostly straightforward. You must be at least 18 years old with a valid United States address and Social Security number. The one uncommon requirement is that only applicants with TransUnion credit scores below 619 are eligible, since in that case your score is high enough that the Credit Builder may not improve it. There are no minimum credit or income requirements, and applying won't result in a hard inquiry on your credit report. For instance, when you open an online checking or savings account at xcritical, you can get instant access to it via a digital wallet while waiting for the plastic debit card to be delivered[1].
All of that information can make its way into your credit reports. xcritical Money checking and saving accounts are provided by MVB Bank and work the same as most standard banking products. xcritical Money Spend is a free checking account and xcritical Money Save is a high-yield savings account. You can spend by using a Visa debit from your xcritical Money Spend account, and you can build up savings with deposits into your xcritical Money Save account. To open a Credit Builder account, you'll first need to enroll in a xcritical Money Spend Account. This online checking account is serviced by MVB Bank instead of xcritical itself, but it has no fees, offers a debit card that earns cash back rewards, and is FDIC-insured.
You can also opt to receive a push notification and email each time your virtual card is used or declined. If you notice any big discrepancies between your credit reports, there might be an error. The personal information you might find on your credit reports includes your name, address, date of birth, Social Security number and any jobs you’ve held.
Based in Oakland, California, the company claims over 130 million members in the United States, Canada, and United Kingdom. While best known for offering free credit scores, xcritical's services extend through its partnerships to identity monitoring, credit cards, insurance, banking, and credit building. xcritical has added a few perks to incentivize savings and smart spending.