customer using varo card

Say hello to
Varo Believe

Open a Varo Bank Account to get started.
Applying won’t impact your credit score.

Say hello to
Varo Believe

Open a Varo Bank Account to get started.
Applying won’t impact your credit score.

Building credit has never been easier.

A path to better credit from an entirely new kind of credit card.

varo believe card

No minimum security deposit

No annual fee

No APR

How you can build credit with Varo Believe

1. Add money to your Varo Believe Secured Account.*

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2. Use your credit card for your everyday purchases.

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3. Pay your balance on-time and in-full.

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4. See your credit score directly in the app.

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man pumping gas

What you need to get started

  • A minimum of two direct deposits totaling $1000 or more in the past 90 days.
  • Active use of your Varo Bank Account without any negative balances within the last 90 days.
  • Additional qualifications apply.
Varo Believe Secured Credit Card Other Secured Credit Cards
No minimum security deposit
As much as $500 deposit required1
No annual fees
Many fees
No APR
Up to ~23%2
Can pay card balance with secured deposit
Fully-locked security deposit
Helps you avoid runaway debt**
No hard credit check to apply
Credit Reporting

Have questions? We’ve got you covered.

How is my credit limit determined?

Varo Believe does not have a pre-set credit limit. Rather, the money you add to your Secured Account is the amount you can spend on your Varo Believe Card.**

What if I make a late payment? Will it impact my credit score?

When you use the Varo Believe Credit Card, money you’ve deposited into your Secured Account will be used to secure the amount of your purchase to ensure you can pay your statement balance each month on-time and in full. If you don’t pay your monthly statement balance on time, you’ll be charged a late fee of $15.00 and late payments could reflect negatively on your credit report. In order to keep using the Varo Believe Credit Card, you need to make on-time payments; late payments may cause you to lose your ability to use the product.

What is reported to the credit bureaus?

Varo will report on your payment history to the 3 major credit bureaus which can help you build your credit history. Note, missing payments can negatively impact your credit history. That’s why, to build credit, it is important that you make on-time and in-full payments every month.

How could the Varo Believe Program help increase my credit score?*

Varo Believe offers a credit card with credit reporting that has the potential to increase scores when you consistently make on-time and in-full payments. Every time you make a purchase or take a cash advance from an ATM with your Varo Believe Credit Card, the amount you have spent is set aside in your Secured Account to secure your monthly payment. With on-time payments, you can build a positive payment history, which can help improve your credit score. Varo will report on your payment history to the 3 major credit bureaus which can help you build your credit history. Note, we’ll also report a negative payment experience. On-time payments are critical to building a positive credit history.

Can I use my Varo Believe Card at an ATM?

Yes! Just be sure you select the credit or credit card option when withdrawing money at an ATM, NOT the checking or savings option. We don’t charge cash advance fees with the Varo Believe Card, and to avoid ATM fees altogether, use one of 55,000+ Allpoint® ATMs, available in many major retailers like Target, Walgreens and CVS.

Visit the Help Center for more answers.

Start qualifying for Varo Believe.

Get a Varo Bank Account today!

Applying won’t impact your credit score.