Qwik is a secured credit-building card designed to help you establish and improve your credit. Unlike traditional credit cards, Qwik requires a deposit, ensuring you only spend what you load onto the card. This approach encourages responsible spending habits while eliminating the risk of overspending. Additionally, credit utilization ratios don't apply, making it an ideal solution for those new to credit.
With Qwik, your on-time payments and purchases are reported to the major credit bureau Experian, allowing you to build a strong credit history and improve your credit score over time.