Build Big Credit with CreditStrong’s MAGNUM — The Largest Credit Builder in the Nation

Amanda Peterson

February 11, 2025  •  2 Minute Read

Credit Building

When it comes to building a strong credit profile, MAGNUM, the largest credit builder in the nation, offers a smart and safe solution designed for individuals looking to establish substantial credit. MAGNUM provides flexibility and clear pathways to build big credit, making it an excellent option for those focused on long-term financial goals.

What is MAGNUM – the Largest Credit Builder in the Nation

MAGNUM is an installment credit builder account that allows users to build $2,000 to $30,000 of credit. The funds from the account are secured in a deposit account and held as collateral while users make payments of principal and interest. Upon account closure, the principal is returned, and the interest supports the service.

MAGNUM – Credit Builder Account

Credit Recommended:

All Credit Types Considered

Apply Now

Apply Now

Credit Recommended:

All Credit Types Considered

Credit Check

No

Credit Recommended

All Credit Types Considered

Reports to Consumer Reporting Agencies

Experian, TransUnion, Equifax

Apply Now on the issuer’s secure website.

Coverage

Excludes: WI, VT

Highlights

• Get up to a +86 average* FICO® Score increase on autopilot
• Largest credit builder in the nation
• Build from $2,000 up to $30,000 of credit history starting at low monthly payments
• Great if you want to access premium CCs & higher credit limits
• No credit history needed; no hard check required
• No prepayment or early cancellation fees

See additional details for MAGNUM – Credit Builder Account

*Individual results may vary, terms and conditions may apply.

Flexible Plans for Every Budget

Build up to $30,000 of credit on your terms.

• MAGNUM Standard: Build $2,000, $5,000, or $10,000 in credit.

• MAGNUM XL: Ideal for those aiming for higher credit limits, offering plans to build $15,000 or $30,000 of credit

This range of options allows users to choose a plan that best aligns with their financial situation and objectives.

How Does MAGNUM Impact Credit?

CreditStrong reports that MAGNUM account holders who consistently made 12 on-time payments saw average credit score increases of 32 to 86 points*. These improvements depend on the starting credit score and the plan selected, but they demonstrate MAGNUM’s effectiveness in helping users establish or improve their credit profiles.

Why Choose MAGNUM?

MAGNUM stands out for its flexibility, ease of use, and potential for significant credit growth. While it helps build savings over time, the product’s primary focus is on boosting your credit profile, making it a valuable tool for anyone looking to enhance their financial standing.

Final Thoughts

CreditStrong’s MAGNUM product is an excellent choice for anyone serious about building large amounts of credit while maintaining control over their budget. With its flexible plans and proven impact on credit scores, MAGNUM is a strategic option for anyone looking to take their credit to the next level.

*Individual results may vary, terms and conditions may apply.

Magnum and CreditStrong are registered trademarks of Austin Capital Bank. Member FDIC.