Current Build Card
- Best for: People rebuilding credit who bank with Current or will move a paycheck there
- What Sets It Apart: It spends only money you’ve moved into Current, so there’s no deposit to tie up and no interest
- Rewards: 1 point per dollar (1% back) in categories you pick in the app, 3 with Current Max; needs a $200 payroll deposit every 35 days or Current Max
- Features: Reports to Equifax, Experian, and TransUnion; no upgrade to a regular credit card; AutoPay from money set aside; fee-free Allpoint ATMs
- Annual Fee: $0
- Security Deposit: None required; the money in your Current account sets what you can spend
- APR: 0%; each month’s balance is paid in full
- Cost: 3% foreign transaction fee; $3.50 per out-of-network ATM withdrawal; late fee of 3% on a balance two billing cycles past due
- Credit Needed: None; no credit check or credit history required
- Eligibility: A Current account in good standing
- Pros: No credit check; no annual fee or interest; AutoPay keeps payments on time; reports to all three bureaus
- Cons: Requires a Current account; no credit limit to help utilization; no line increases or upgrade; points need a payroll deposit or Current Max
Get the Current Build Card if you’re rebuilding credit and already bank with Current or will move a paycheck there. Applying takes no credit check, there’s no annual fee or interest, and Current reports each payment to all three credit bureaus. If you’d rather not open a Current account, pick a secured card backed by a refundable deposit.
The Current Build Card, a secured charge card that Cross River Bank issues for the banking app Current, spends only money you’ve moved into your Current account, with the balance due in full each month. It’s built for people rebuilding credit, since applying takes no credit check or credit history.
Key Features
- No credit check or minimum deposit, and the money in your Current account sets what you can spend
- No annual fee or interest, since you pay each bill from money you’ve already moved in
- Payments reported to Equifax, Experian, and TransUnion
- 1 point per dollar, worth 1% back, in categories you pick in the app, with a payroll deposit of $200 or more every 35 days or a paid Current Max plan
- 3% foreign transaction fee, $3.50 per withdrawal at ATMs outside the Allpoint network, and a late fee of 3% on a balance two billing cycles past due
Pros
- Approval doesn’t depend on your credit history
- Costs nothing to keep, with no annual fee or interest
- AutoPay pays each bill from money set aside as you spend
- Reports to all three credit bureaus
Cons
- Requires a Current account in good standing
- No credit limit, so it can’t lower your credit utilization, the share of your card limits you’re using
- No credit line to raise and no regular Current credit card to move up to
- Points require a payroll deposit or a paid Current Max plan
People rebuilding credit who bank with Current, or will move a paycheck there, can build a record of on-time payments with all three credit bureaus at no cost. Anyone who doesn’t want a Current account does better with the opensky Plus Secured Visa, which skips the credit check and needs no bank account but takes a $300 refundable deposit.
Learn more about the Current Build Card or see how it compares to the best secured credit cards.
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