Other Credit Building vs BetterFi
Online Credit Builder
Secured Credit Card
Upfront deposit?
Sometimes
Always
No
Typical APR
15 - 36%
25 - 29%
11 - 15.32%
3 Bureau Credit Reporting
Yes
Yes
Yes
Example payment:
$42 every 2 weeks
Depends on Usage
$50 every 2 weeks
Cost of borrowing
$167
Depends on Usage
$50
Total paid in
$1,092
Depends on Usage
$1,050
Term
1 year
Open Ended
10 months
Receive at end
$925
Nothing
$1,000
$1,500 in 10 months
Total paid
~$174 / month
~$1,736
N/A
N/A
~$158 / month
$1,575
Often Monthly
Recurring fees?
Often Annual
No
~$217 / month
$1,000 in 5 months
N/A
~$205 / month
~$1,084
Total paid
N/A
$1,025
~$579
Total paid
N/A
$525
~$53 / month
$500 in 10 months
~$58 / month
N/A
Ready to build credit and your savings?
Exact amounts rounded to the nearest dollar.
Terms and conditions apply for any credit extended by BetterFi, and approval is not guaranteed. Nothing contained on this page constitutes a quote.