Extra (extra.app) Review: The Debit Card That Earns Rewards & Builds Credit

Building your credit score requires you to apply for a credit account, make timely payments, and keep your debt balance low. But if you have no credit, it’s hard to qualify for a credit account. Applying for one requires a hard credit report inquiry, which hurts your credit score. And if you don’t manage the credit account well, you’ll end up damaging your score and incurring additional interest and fees.

Extra (extra.app) doesn’t come with any of those issues. It functions like any other debit card, so there’s no credit check to apply and there’s no interest on your purchases. Unlike a traditional debit card, however, Extra builds your credit score¹ and lets you earn rewards on your purchases. It’s a safer and more rewarding way to build your credit. Let’s take a closer look at Extra below.

Minimum Deposit	$0
ATM Network	None
Credit Bureaus	Equifax, Experian
FDIC Insured	Up to $250,000

Learn more about Extra…

Extra Debit Card Features

Extra is a debit card that lets you build credit and earn rewards. There’s no need for a security deposit, and no credit check is required. Here’s how it works:

1. Once you’re approved, connect your bank account to Extra as a funding source. They support over 10,000 banks², so you don’t have to open a new account to use the card.
2. Extra determines your spending limit based on your bank balance with no credit check.
3. When you make a purchase with your Extra Debit Card, they spot you the money and pay for the transaction.
4. The next business day, Extra pays themselves back by transferring funds from your connected bank account.

At the end of each month, Extra calculates your total purchases and reports your credit activity to Equifax and Experian.

Other features include:

• Build Your Credit
• Earn reward points for every purchase with the Credit Building + Rewards plan
• Exclusive access to the Extra Rewards Store
• Overdraft Prevention with Spend Power
• 24/7 live chat support
• A sleek looking debit card

Extra Debit Card Plans & Pricing

Extra provides two plans with different pricing and benefits:

	Extra Credit Building Plan	Extra Rewards + Credit Building Plan
Features	Build Your Credit Overdraft Prevention with Spend Power	Build Your Credit Earn reward points for every purchase Exclusive access to the Extra Rewards Store Overdraft Prevention with Spend Power
Monthly Price	$20/month	$25/month
Annual Price	$200 $149 annually with a 25% discount	$265 $199 annually with a 25% discount

The rewards plan allows you to earn up to 1% back in redeemable reward points just like a rewards credit card. You can redeem your points for merchandise in the members-only Extra Rewards store.

Learn more about Extra…

Bottom Line

The Extra Debit Card is not your average debit card. Depending on the plan you choose, you could be paying either $149 or $200 annually, and your reward redemptions are limited to the Extra store. However, it has the ability to re/build your credit with regular spending, and it lets you earn rewards on all your purchases. It’s an excellent option if you want to build your credit without going through a credit check, racking up debt, or paying interest on your purchases.

Click here for ways to improve your credit score and rebuild your credit. Optimize your credit card rewards with Card Curator.

¹All transaction and account activity is subject to review and approval by both Extra and the Issuing Bank. Increases or specific changes to your credit score are not guaranteed. Impact on your credit score may vary depending on your use. Extra is required to report late payments, which may negatively impact your credit score. Credit scores are independently determined by credit bureaus based on a number of factors, including the financial decisions you make with other financial services organizations. The Extra Debit Card and related services will not remove negative credit history from your credit report. Extra will report your activities to Experian® and Equifax®. Please refer to our Terms of Service and Cardholder Agreement for additional details. Pricing and rewards availability will vary depending on plan and term selected.

²In order to transact with your Extra Debit Card, you must have an active, Plaid-compatible bank account linked to Extra’s services (“Partner Account”). In the event your Partner Account is disconnected from Extra services for any reason, you will not be able to use your Extra Debit Card. Within 30 days of the date of each transaction made using your Extra Debit Card, Extra will initiate one or more ACH debits to deduct equivalent funds from your Partner Account. These ACH debits typically deduct funds from your Partner Account within 2 to 3 business days after initiation by Extra. You are responsible for keeping track of your available Partner Account balance.  If the ACH debit is successful, Extra will report positive payment history to the credit bureaus. If the ACH debit fails and remains unpaid for 30 or more days as of the last day of the month, Extra may report negative payment information to the credit bureaus.

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