You are able to use the Kikoff Credit Account to finance the purchase of goods and services from Kikoff. Unlike a credit card, the Kikoff Credit Account can only be used to make purchases from Kikoff (e.g. can't buy gas or groceries). There is no physical card with the Kikoff Credit Account.
The Kikoff Secured credit card is a separate product from the Kikoff Credit Account, a credit builder loan with a $750 credit line that can only be used to buy goods from the Kikoff store.
Using the Secured Credit Card, you can access your funds without any additional fees from over 55,000 ATMs in the Kikoff network conveniently located in Walgreens, Target, CVS, and more.
What is Kikoff? Kikoff is a credit-building product that offers consumers a $750 revolving line of credit without charging any interest or fees on the credit line. Users then use this line of credit to purchase an item from the Kikoff proprietary store.
In-Network Fee-free ATMs
Use your physical card to withdraw cash without fees at any of the 55,000 Allpoint ATMs6 worldwide.
Kikoff offers a $750 revolving line of credit to all applicants. There's no credit check involved, and $750 is the only amount you can get. There are limitations: You cannot access the money through a check or other method; you can only use the credit limit to make purchases on Kikoff's online store.
You'll be instantly approved so you can get started that same day. We don't do a credit check. We definitely don't do a hard pull on your account, which could negatively impact your score. You'll have a $750 line of credit to use for Kikoff purchases.
ACH transfer into an external bank account - You may choose to transfer the funds from Kikoff to your connected bank account of choice. This takes 3-5 business days.
The Credit Account is NOT intended for everyday purchases on things like gas or groceries. It can only be used on the Kikoff Store to finance the purchase/renewal of credit builder plans like Kikoff Credit Service Basic, Premium, or Ultimate or, if desired, educational content like eBooks or digital courses.
To begin building credit with your purchases and to receive a physical card in the mail, deposit $50 onto your Secured Credit Card via direct deposit or bank transfer. Once you've made this deposit, your physical card should arrive in ten business days.
Additionally, the Kikoff Credit Account does not return the money back at the completion of your payments. Because this is a revolving credit line, the payments are applied to the balance, reported to the bureaus, and once they are reported, they are not eligible for refund.
Make a Cash Deposit at an Allpoint+ ATM (see article: Deposit cash to fund your Kikoff Secured Credit Card.
While you will no longer be using your account, Kikoff keeps it open to help you continue to grow key credit factors like account age, even after you're no longer paying for a plan.
Account holders may withdraw cash at a local bank branch using a withdrawal slip or paper check. Automated teller machines (ATMs) offer convenient access to cash withdrawals beyond bank hours. Many retail stores may offer customers the ability to receive cash back when making debit card purchases.
You will be charged a $2.50 (per transaction) fee if you use an ATM outside of the Allpoint® network to obtain a Cash Withdrawal on your Kikoff Secured Card. Please note: the third-party operator of an ATM may charge you an additional fee for your use of the ATM. You are responsible for paying all such fees.
Overdraft is an optional, no fee service that allows you to overdraw your linked deposit account. To qualify for Overdraft you must have qualifying direct deposits to the Kikoff Secured Card Account each month.
How much does Kikoff cost? A flat $5/month for Kikoff Credit Service. Kikoff services may result in bank fees when customer accounts are debited.
Kikoff is a credit-building platform that allows users to build credit without a credit check and for a small monthly fee. Kikoff's credit-building strategy involves using a small portion of a $750 credit line at their store, which is reported to credit bureaus.
According to its website, payment data reported by Kikoff can take six weeks to appear on your credit reports and another two weeks for the credit bureaus to process that information. However, with each new payment, you'll start building credit even if you don't see an immediate bump in your credit score.
You can withdraw cash using your Secured Credit Card with zero fees at over 55,000 in-network ATMs worldwide. To find a free ATM for cash withdrawals from your Secured Credit Card, use Allpoint's ATM locator.
A well-rated credit-building app, MoneyLion has helped more than half of its users increase their credit score by at least 42 points within 60 days (a huge increase). The app has been proven to increase scores, and it allows users to apply for a Credit Builder Plus loan without having to undergo a hard credit check.