Is Step a credit card?

Step's Visa Card is a unique financial tool designed to aid individuals in enhancing their credit profile. It operates as a secured credit card, offering users the convenience of making purchases within the limits of their Step Spending Account.

By leveraging this account, cardholders can confidently engage in transactions, knowing that their spending power is directly tied to the funds they've allocated. This feature ensures financial discipline and promotes responsible spending habits.

At the heart of the Step Visa Card lies Smart Pay, an innovative feature that simplifies the repayment process. Rather than requiring cardholders to manually settle their bills, Smart Pay automatically deducts the outstanding balance from the Step Spending Account at the end of each month.

Moreover, the Step platform offers added value through its integrated Spending Account, which facilitates seamless fund transfers and provides users with a centralized view of their financial activities. This enhanced visibility and control empower users to make informed decisions about their spending and savings.

This automation eliminates the hassle of remembering due dates and ensures timely payments, thereby minimizing the risk of late fees or negative impacts on credit scores.