January 23, 2022

Kikoff Credit Builder Line of Credit Review

Kikoff is a San Francisco-based lender founded in 2019. It provides an easily attainable credit line to consumers who want to build a stronger credit history and improve their score.

Consumers get access to a credit line of up to $500 to buy items in the Kikoff online store. They pay the loan back in small increments while Kikoff reports the loan and the payments to two of the three credit reporting bureaus.

Best Features

  • Kikoff payments are designed to be minimal.
  • There is no interest charged on the line of credit, and there are no fees associated with it.
  • No credit check is needed to start a Kikoff account.


  • Kikoff credit is only available to use in the company’s store, which features e-books and e-courses on financial literacy.
  • Kikoff doesn’t report to TransUnion, one of the three credit reporting bureaus.

What Can a Kikoff Credit Account Be Used for?

The money you borrow from Kikoff can buy items in the company’s online store. The point of Kikoff isn’t to spend most of your $500 line of credit, though.

Kikoff is set up to directly improve your credit score. The Kikoff payment plan will help you build a credit history. The items for sale in the store only cost $10 to $20, so you’ll use a small amount of your $500 line of credit. This low credit utilization ratio also improves your credit score.

How Does a Kikoff Credit Account Work?

First, sign up for Kikoff and get access to your $500 line of credit. Then, buy an item from the Kikoff store on credit. After you make a purchase, Kikoff sets up a minimum payment schedule and offers you the opportunity to turn on autopay. The company will alert two of the three credit reporting bureaus (Equifax and Experian) about your loan and report your payment history.

Because Kikoff doesn’t charge fees or interest on your line of credit, there’s no reason to pay off your loan early. Stretching out the payments makes them affordable and helps your account age grow. Once you’ve paid off your first purchase, make another one on credit and restart the process.

Payment history, credit utilization ratio and credit account age are all components of your credit score that the Kikoff line of credit can help improve.

What Are Kikoff’s Terms, Fees and Conditions?

There is no interest for the Kikoff line of credit, which can remain open for an indefinite period of time. The minimum payment is $2 or 10% of the balance of your loan – whichever is lower.

How Can You Qualify for a Kikoff Line of Credit?

There are no minimum qualifications for the Kikoff credit line – you get instant approval.

What Credit Score Do You Need for a Kikoff Line of Credit?

You do not need a credit score to successfully apply for a Kikoff credit line and your credit isn’t checked when you apply.

Where Does Kikoff Operate?

Kikoff is available in all states except Delaware, Indiana, Nevada, North Dakota, Rhode Island and South Dakota.

Is Kikoff Reputable?

Kikoff is not accredited by the Better Business Bureau and has an F rating. Kikoff has a score of 3.2 (out of five) on Trustpilot. The Consumer Financial Protection Bureau received one complaint about Kikoff in 2020, and the company gave a timely response.

How Is Kikoff’s Customer Service?

You can reach out to Kikoff via the app or online portal, which requires a login. There isn’t a customer service email or phone number listed on Kikoff’s website. Some customers have complained that it is difficult to contact the company to resolve issues.

What Are Some of Kikoff’s Online Features?

Kikoff offers instant online approval for its credit line. Shop Kikoff’s store and track your payments via the Kikoff app.

Kikoff Credit Accounts Are Best for:

  • People who have no credit and want to build a credit history.
  • People who don’t want to use a credit-builder loan or a secured credit card to establish credit.
  • People who have hurt their credit score and want to improve it right away.

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