Revolv Lets You Improve Your Credit Profile Without Taking Out a Loan

Are you concerned about your credit score? Do you want to master the challenge of credit utilization? Perhaps you want to be in good standing before applying for a big loan?

With Revolv by CreditStrong, you can resolve all of these worries through a single digital credit solution. From improving your credit score to optimizing your credit utilization, Revolv can help you fulfill all your pressing goals at 0% APR. 

But that’s not all. Apart from using Revolv for improving credit profile, you can also utilize it for building your savings in the long run. This gives you a comprehensive solution to enhance your financial health. 

How Do You Improve Credit Score Without A Loan?

In order to improve your credit score without a conventional loan or credit card, you can turn to Revolv. Offered by CreditStrong, the solution is designed to improve your credit score without adding more financial burden to your shoulders.

As soon as you open a Revolv account, you get a $500 revolving credit line to your name. Unlike a regular credit line, this amount is non-usable. But it stays on your records as available credit to add to your credit profile.

Besides giving you significant support through revolving credit, Revolv also offers its services without a hard credit check. This further prevents a negative impact to your existing credit score.

When put together, these benefits add to your credit mix and enhance your credit utilization. While credit mix adds variety to any existing installment loans that you have, credit utilization shows new borrowers that you are not maxing out your available credit. 

This means Revolv is a viable solution for improving your credit profile , especially if you don’t want to add more debt to your name in the process. Since the application process is easy and straightforward, it only adds to the convenience that you get from Revolv.

Build Savings While Improving Your Credit Profile

You can also contribute to your savings with Revolv by choosing to make monthly payments of an amount of your choice. The monthly payments that you make get added to a savings account, while also working to enhance your payment history. 

After you have made 3 monthly payments consecutively and on time of at least $20 per month, you can get $100 added to your $500 limit. This perk can continue up to a credit limit of $1,000 that adds to your overall credit utilization. 

This way, you not only get to improve your credit profile without a loan, but also build up your savings to a significant degree. The amount in your savings account becomes accessible when you close your Revolv credit line. 

How Much Does Revolv Cost?

Unlike a conventional line of credit, Revolv does not have any interest rate and comes at 0% APR. While using Revolv for improving credit profile, you just need to pay a subscription fee of $99 per year. 

With this amount, you can open a $500 revolving credit line amount that enhances your credit mix, improves your credit utilization, and builds your credit profile. Even when your credit limit on file increases up to $1,000, your subscription fee stays the same.

This also sets Revolv as a competitive alternative to conventional credit cards or loans that end up adding interest rates or significant fees to your expenses, even when you are not actively using them.

Explore How Revolv Can Help With Your Financial Standing

No matter if you want to improve your credit score before a major home loan or want to be in good standing for future credit applications, Revolv can help you attain your financial objectives. 

To see how Revolv can support your plans, explore the solution and start building your credit score today.

Disclosure: This post may contain affiliate links, meaning we get a commission if you decide to make a purchase through my links, at no cost to you. For more information, see our disclosure here.