Most credit-builder cards still run a hard inquiry and expect a manual monthly payment. Perpay's card does neither: approval uses a soft pull only, and repayment happens automatically through payroll deduction once you enable it.
How it works (per Perpay.com, verified August 2026)
- Credit check: Soft pull only — applying will not affect your FICO or VantageScore. Perpay may reference Clarity, an alternative credit bureau, during underwriting.
- Credit line: Up to $1,000, per Perpay's own marketing language ("Get up to $1,000 to spend now").
- Repayment: Automatic, split across your paychecks once you enable payroll direct-deposit transfers.
- Bureau reporting: Perpay reports your account activity to Experian, Equifax, and TransUnion every cycle.
- Issuing bank: Celtic Bank.
What Perpay doesn't publish upfront
Perpay's marketing pages describe the card as carrying "no crazy fees or predatory interest" but stop short of listing an exact APR or the Perpay+ membership fee — both are disclosed in the Cardholder Agreement you see during signup, not on the public site. That's the one gap in an otherwise transparent structure: read that agreement before you activate the card.
Who this fits
The soft-pull approval and payroll-deduction repayment make this a low-friction option for someone who wants to add a reporting tradeline without risking a hard inquiry or a missed manual payment. It's most naturally suited to Perpay's own marketplace rather than as a general-purpose everyday card — confirm current usage scope before assuming it works like a typical Visa or Mastercard everywhere.
Compliance note
ClearValue Lending is not a bank, card issuer, or financial advisor. This is editorial content built from Perpay's own published disclosures. The Perpay Credit Card is issued by Celtic Bank. Fees, APR, and terms may change — verify current details in your Cardholder Agreement before applying.