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Quick setting: Kikoff is a San Francisco-based company that offers a $ 500 revolving line of credit to help people build credit. The online credit builder is like a credit card minus the fees and interest. The line of credit can be used to purchase items from the company’s online store. Kikoff then reports the reimbursement for these purchases to two credit bureaus. Since no bank account is required to apply for Kikoff, it has become a popular option for people with bad credit who do not qualify for most of the requirements set by banks.
  • Costs
  • Functionality
  • Ease of application
  • Customer service

How did we calculate this?


  • Can help build credit
  • Of no interest
  • No credit check

The inconvenients

  • Capped at $ 500
  • Not available in some states
  • Credit only valid in the Kikoff store

What is Kikoff?

Kikoff is an online credit builder offering a revolving line of credit of up to $ 500. It helps people improve their credit score by making purchases from Kikoff’s online store which the company then reports to the credit bureaus.

In most other cases, it’s difficult to get a line of credit if you have a bad credit rating. However, Kikoff does not perform a credit check on you before granting you a line of credit.

How it works?

When you apply for Kikoff, you get a revolving line of credit of up to $ 500. It is basically an open loan that stays open for as long as you want.

To improve your credit score, you can make purchases from the Kikoff store on this line of credit. Then you repay them with low monthly payments. According to Kikoff, the payouts for each purchase are broken down into five to ten installments, with payouts as low as $ 2.

Kikoff reports to Equifax and Experian. Your Kikoff Revolving Line of Credit appears as a credit card account on your Experian and Equifax credit reports.

Since timely payments are an integral part of building your credit, Kikoff sends you monthly payment reminders. Plus, you can view your free VantageScore and monitor your credit score improvement since you created the account.

Fees and penalties

Kikoff doesn’t charge any interest if you don’t pay your monthly balance. However, if you pay late or miss payments, it will hurt your credit score in the long run.

If you don’t make your payments consistently, the business freezes your line of credit. Here are the administrative costs of Kikoff:

  • Guaranteed Installment Credit Creator: $ 8.95 to $ 25
  • Kikoff credit account: $ 0
  • Secure credit card: $ 9

How to register

Simply go to the Kikoff website and click on the “Register” option. After that, you need to provide some personal information like your phone number, name, address and social security number.

Since the company does not perform a credit check, you do not have to provide your banking information. Kikoff will need to verify your identity and once your approval is approved, you can start monitoring your balance, credit scores, payments and more once you create an account online.

Difference between competitors

Kikoff’s most notable competitor is online credit builder, Self. Self charges you an administrative fee for the line of credit offered.

Additionally, it differs from Kikoff in that your line of credit may vary. Here’s how they stack up:

Characteristics Kikoff Self
Credit check No No
Line of credit amount $ 500 Up to $ 1,800
Cost To free $ 9 administrative fee
Reports Equifax and Experian The 3 offices: Equifax, Experian and TransUnion

Alternative credit creation methods

Here are some other ways to create credit if you don’t want to use Kikoff:

  • Secured credit card: A secured credit card is backed by an initial cash deposit and is available to people whose low credit scores might not allow them to qualify for unsecured credit cards. If you make your payments on time, banks will allow you to switch to unsecured credit cards within months of appraisal.
  • Get a loan to pay the rent: If you’re paying the rent on your home and don’t want to make an initial deposit for a secured credit card, you can take advantage of the services of a rental assessment company to have your rent counted toward your rental. credit score.

Final take

The service offered by Kikoff is beneficial for people who want to improve their credit score without spending any money up front. The only limitation is that you can only buy from Kikoff’s store, but that shouldn’t be a problem if your main goal is to build credit, not shopping.

If you want to grow your credit and don’t qualify for a credit card, you can try Kikoff.

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About the Author

Scott Jeffries is a seasoned Florida-based technology professional. He writes on the topics of business, technology, digital marketing and personal finance.
After earning his bachelor’s degree in management information systems with a minor in business, Scott worked for 15 years in the technology field. He has helped Fortune 100 company startups bring software products to life. When not writing or creating software, he can be found reading or spending time outdoors with his children.