Safe Pay is an automatic payment tool that helps you make payments on time and improve your credit. Safe Pay uses the secured funds in your Varo Believe Secured Account to pay your statement balance automatically each month at the close of your billing cycle, so you won’t miss a payment. On-time repayment history can help build your credit score.
To turn on Safe Pay in your Varo App, tap Varo Believe Card > Card Details > Safe Pay.
Your credit history depends on making on-time payments for all of your credit lines. Without Safe Pay you’d need to remember to make on-time payments every billing cycle by your Statement due date.
If you don’t pay on time (by the due date on your Statement), your use of the Varo Believe Card may be suspended. Your payment history will be reported to the credit bureaus, and can have a negative impact on your credit.