Though the Zolve Azpire card is missing some of the perks you’ll find on credit cards, it stands out for its accessibility and credit-building features. It also gives you a path from debit card to unsecured credit card without the typical in-between step of a secured credit card.
One of the only debit cards that builds credit
Perhaps the biggest selling point of the Zolve Azpire card is that it’s a debit card that can build credit.
Debit card purchase and payment activity typically isn’t reported to credit bureaus, but the Azpire card features an automatic payback structure that allows you to use it as a debit card while demonstrating your creditworthiness via positive payment history.
Simply use the card for purchases and maintain a high enough balance in your Azpire account to cover the cost and you’ll see on-time payments land on your credit report. Over time, this payment history should help grow your credit score.
That said, it's worth noting the card does not report on credit utilization. As a debit card, the Azpire doesn’t extend users a traditional line of credit, so you won’t have any credit utilization to report.
Since credit utilization makes up 30 percent of your FICO credit score, this limitation could slow down your credit-building efforts.
No credit check or Social Security number required
Since the Zolve Azpire is a debit card, there’s no need for a credit check. This could make the card an especially good option if you’re looking to avoid the credit hit that comes with a hard inquiry, don’t have or are uncomfortable sharing your Social Security number or are an international student or immigrant looking to build U.S. credit history.
Upgrade to an unsecured Zolve credit card
Along with helping you build your credit score, the Zolve Azpire card could put you on track for an unsecured rewards card. According to the issuer, you can upgrade from the Azpire to the unsecured Zolve Credit Card in as little as four months if your account is in good standing.
The Zolve Credit Card does not require any funds be set aside as a security deposit and offers credit limits of up to $5,000 based on your credit history. The card also earns 5 percent cash back with select brands and 1 percent cash back on all other purchases. And like the Zolve Azpire, the Zolve Credit Card does not require a Social Security number, making it a terrific option if you’re new to the U.S. and have had trouble getting a credit card.