The New Way to Tackle Debt!

Swell's mission is to help customers save one billion dollars in credit card interest.

Swell Credit is built for people who are serious about tackling their debt.1 We’re on a mission to help people who are ready to make their high-interest credit card debt a thing of the past.

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Save Thousands on Interest with Swell Credit 2

Credit card interest rates are at an all time high of 20.04%3 and Americans are struggling to make a dent in what they owe. Swell Credit isn’t a credit card, it’s a personal line of credit built to help you tackle your debt and save a bundle on interest. Here’s an example:

High-interest rate credit card

Starting Principal Balance2
$9,500
Example APR 2
24.99%
Estimated Months to Pay Off*
300
Estimated Total Interest Paid*
$18,649
Starting Principal Balance2
$9,500
Example APR 2
13.99%
Estimated Months to Pay Off*
203
Estimated Total Interest Paid*
$6,957

Estimated Savings with Swell Credit

$11,692
*Interest accrual and payments are calculated using a 360 day year consisting of twelve 30-day months. The Example APR and Starting Principal Balance in the above example assume the consumer has a credit score of 721-750.  As of March 2023, Swell Credit has credit limits from $1,000 to $10,000 and APRs ranging from 7.99% to 23.99%. Rates and credit limits are set by Central Pacific Bank, and no particular APR or credit limit are guaranteed. Credit approval is required. Visit  www.swellmoney.com/qualifications for more details on product qualifications. Product terms described above are examples only and may not be indicative of APRs and credit limits that are approved by Central Pacific Bank or that may be offered to recipients of marketing offers from Central Pacific Bank.

The credit card Estimated Months to Pay Off and Estimated Total Interest Paid are calculated assuming there are no additional borrowings on the credit card(s) and that the monthly credit card payment consists of 1.0% of principal plus accrued interest at the example APR. The Swell Credit Estimated Months to Pay Off and Estimated Total Interest Paid are calculated assuming there are no additional cash advances from the Swell Credit account and that the Swell Credit monthly payment includes 1.5% of principal plus accrued interest at the Example APR. Swell Credit has no grace period for interest accrual — interest starts accruing on amounts advanced beginning on the balance transfer date. The Estimated Interest Savings and paydown reflect the comparison of the options shown. Your actual interest savings and paydown timeframe may be less favorable depending on your actual credit card APRs and balances and the amount you pay on your accounts each month.

Transferring Balances to Swell Credit is Simple

The Swell app makes it easy to pay down credit card balances with a Swell Credit cash advance. Just pick the credit cards you want to pay off and the Swell app will guide you through the rest. You can do it all through your Swell app in minutes. 2

Transferring Balances to Swell Credit is Simple

The Swell app makes it easy to pay down credit card balances with a Swell Credit cash advance. Just pick the credit cards you want to pay off and the Swell app will guide you through the rest. You can do it all through your Swell app in minutes. 2

Credit card images displayed are examples only. All marks are the property of their respective owners, and no claim is made to any right or interest therein.

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Competitive Rates4

If you’re carrying a balance on a higher rate credit card, pay down that balance with a lower rate Swell Credit cash advance. You can save thousands of dollars in interest charges and pay down your balance faster with Swell Credit.2

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Use Only the Funds You Need

Draw money from Swell Credit when you need it for things like balance transfers, major purchases or emergencies. Pay interest only on the amount you borrow.

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Cash & Credit That Work for You

The Swell app bundles Swell Credit with Swell Cash.1,4,5  You need Swell Cash to get Swell Credit — they are designed to work together.

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1

Download & Apply
Download the Swell Money app in the app store and apply with your invitation code.4,6

2

Draw Funds
When you take a Swell Credit cash advance, funds are available instantly in your Swell Cash account.

3

Make Payments
Use your Swell Cash account to easily make payments to Swell Credit.

How to Make the Most of Your Swell Accounts

Get the most bang for your buck when you make two simple money moves each month.

Do this:

Deposit at least $500 per month

Deposit $500 or more each month into Swell Cash to maintain your approved APR.No minimum balance required.

Use your Swell Cash account just like any other bank account — pay bills, make purchases using your Swell debit card, and pay your Swell Credit monthly payment.

Important! If you don’t deposit $500 or more each month, your Swell Credit APR may change to the penalty rate of 23.99%. 4
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Do this:

Make at least 15 debit card purchases per month

Make 15 or more purchases with your Swell debit card each month.5

Use your Swell debit card just like any other debit or credit card to pay bills and make purchases in stores and online.

Important! If you don’t make 15 or more Swell debit card purchases each month, you’ll be charged a $12 account fee.
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Frequently Asked Questions

How does the balance transfer work?
Once you are approved for Swell Credit, simple enter your credit cards details, the amount of money you would like to transfer, and Swell will send a check directly to your credit card company. 

What’s the interest rate I would pay on a balance transfer? 
When you apply to Swell, you will be informed of your eligible APR prior to opening your account. 

Is a hard credit check required in order to be approved for a Swell Credit account?
Yes. Just like the approval process for other credit products, the Swell Credit application and approval process includes a review of your credit history and your credit score and involves a hard inquiry on your credit report. Learn more about the qualifications to be approved for Swell Cash and Swell Credit.

More FAQs

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Estimate Your Savings.

Find out how much you could save in interest and how much faster you can pay down your credit card balances with Swell Credit.2,4 The Credit Card Crusher makes it easy to run the numbers. You might be surprised at how much you can save.

Swell Financial, Inc. is a technology company, not a bank. Banking and line of credit services are provided by Central Pacific Bank, Member FDIC. Swell Credit is a personal line of credit, not a credit card. To qualify to open a Swell Credit account, you must be approved for and open a Swell Cash deposit account. Swell Cash and Swell Credit are not available in all states. Qualifications to open Swell Cash and Swell Credit accounts are set by Central Pacific Bank. For more details, see www.swellmoney.com/qualifications.

Transferring credit card balances to a Swell Credit account may not reduce your overall interest charges or result in faster paydown if the APR on your transferred credit card balances is lower than your Swell Credit APR, if the credit card minimum payment amount is higher than the Swell Credit minimum payment amount, or if you typically make more than the minimum payment on your existing card balances.

Source: Federal Reserve Bank of New York. Consumer Credit January 2023. Source:Liberty Street Economics.  Balances Are on the Rise—So Who Is Taking on More Credit Card Debt?

As of March 2023, Swell Credit has credit limits from $1,000 to $10,000 and APRs ranging from 7.99% to 23.99%. Rates and line amounts are set by Central Pacific Bank, and no particular APR or credit limit are guaranteed. Credit approval is required. For more details, see www.swellmoney.com/qualifications.  Swell Credit requires monthly minimum deposits to your Swell Cash deposit account of at least $500. For any billing cycle for which you do not meet the monthly minimum deposit of at least $500, a Penalty APR of 23.99% may apply. Other events may trigger the penalty APR. For more details, review the Swell Credit Account Terms and Conditions.

The Swell Cash deposit account has a $12 monthly account service fee that can be avoided by making 15 or more monthly debit card purchase transactions. Visit www.swellmoney.com/fee-schedule to review the Swell Cash Deposit Account Fee Schedule. Enrolling in Autopay is not required to open a Swell Credit account. Check out the other great features of Swell Cash here.  

Swell Cash and Swell Credit are not available in all states. See www.swellmoney.com/qualifications for more details.