A $500 revolving line to round out your credit mix
Most credit files are missing one of the two account types. This adds the revolving half — a $500 line reported to all four bureaus, unlocked after your first on-time payments, at no extra cost.
A file with one account type looks incomplete to a lender
FICO looks at credit mix, and a file holding only installment loans — or only cards — scores lower than one holding both, all else equal. This is the cheapest way to fix that.
- Adds the revolving half of your file
If your only tradeline is an installment account, this is the missing type. Credit mix is roughly 10% of a FICO score.
- Keeps utilisation very low
A small balance against a $500 limit produces a utilisation ratio in the low single digits, which scoring models treat well.
- Reported to all four bureaus
TransUnion, Equifax, Experian and Innovis, on the same monthly cycle as your installment account.
- No separate application
It unlocks automatically after your first on-time payments. No form, no fee, no additional credit check.
- Ages alongside your other account
It stays open for as long as your account is active, contributing to average account age.
- No annual fee, no interest
Nothing is charged for holding the line open, and no interest applies to the balance.
Three limits worth understanding up front
This is a credit-building instrument, not a payment method. Being clear about that avoids disappointment after signing.
The line works only within Kovo. It is not a Visa or Mastercard and carries no network acceptance. For a spendable card, a secured card is the right product.
The line unlocks after your first on-time payments on the Installment Credit Builder, not at signup. The installment account is the entry point.
Lenders can see you hold a revolving account, which helps. It does not build the same relationship or graduation path a secured card from a bank issuer would.
Every term that matters, in plain English
The full agreement governs. This is the same information without the legal phrasing.
- What it is
- A single-purpose revolving line of credit with a $500 limit, usable only for Kovo products and services.
- How it appears on your report
- As a revolving account showing the credit limit, your balance and the status of each payment.
- Cost
- $0. Bundled with the Installment Credit Builder at every tier. No annual fee, no interest, no charge to hold it open.
- When it unlocks
- After your first on-time payments on the Installment Credit Builder. No separate application or credit check.
- Reporting
- Monthly, to TransUnion, Equifax, Experian and Innovis, alongside your installment account.
- If you pay late
- No fee, but the missed payment is reported to all four bureaus and a raised balance also lifts your utilisation ratio.
- If your installment account closes
- The revolving line closes with it. It is a bundled feature, not a standalone product.
- Eligibility
- Requires an active Installment Credit Builder in good standing. Full eligibility.
The Revolving Credit Builder — the questions we get asked
Start with the Installment Credit Builder
The revolving line unlocks automatically once your first payments land. No hard credit check to apply, and nothing extra to pay.
Check your eligibility