Step: Bank & Build Credit

About

Step is a banking app designed for users looking to improve their financial habits. It helps individuals build credit history and earn rewards through its integrated Visa card. For example, a young adult can use Step to make everyday purchases, track their credit score, and earn cashback.

What Stands Out

• •Build credit history by using the Step Visa Card for everyday purchases and monitoring your credit score within the app.
• •Earn up to 8% cashback on purchases made with the Step Card wherever Visa is accepted.
• •Grow savings with a 5.00% APY on balances and utilize features like Round Ups for automatic contributions.
• •Access funds up to two days early via direct deposit, potentially qualifying for monthly prize drawings.

Things to Consider

Accessing banking services and using the Step Visa Card requires an account. Early direct deposit availability depends on your employer's payment file submission timing. Ensure you verify specific transaction fees for out-of-network ATM withdrawals.

Useful Tips

1. 01Monitor your credit score directly within the Step app to track your progress.
2. 02Enable Round Ups to automatically transfer spare change from purchases into your savings goals.
3. 03Utilize the early direct deposit feature to access your paychecks up to two days sooner.
4. 04Explore investment options with as little as $1 for stocks, ETFs, and bitcoin.