Get the Fizz app
Back button
Back
June 6, 2022
/
Fizz

Fizz vs Extra card

Extra card is new on the scene. The card promises to help you build credit without a credit check. The catch? It’ll cost you.

Extra card was founded in 2020 and only recently became available to users. The premise of the card has some similarities to Fizz. With Extra, you can get the card and build your credit without a credit check - same as Fizz. Extra also links to your existing bank account to keep you from spending more than you have - same as Fizz. And Extra is paid off every day through your connected bank account so that you can’t build up a balance and be charged interest - just like Fizz.

But the similarities stop there. Probably the biggest difference between Extra and Fizz is the fact that Extra charges a monthly usage fee. Fizz, on the other hand, is completely free to use. We think that your money should stay where it belongs: in your pocket so that you can spend it on what you want instead of having to pay just to build credit.

Extra is certainly helping people build credit who previously wouldn’t have been able to, so credit where credit is due. But with expensive monthly fees and lackluster rewards, Extra doesn’t quite stand out above it’s competition of secured cards or starter credit cards from Discover, Bank of America, and others. Let’s take a closer look at how Extra stacks up against Fizz, and why Fizz is a clear winner.

Fees and Interest

Extra is not free to use. In fact, you have to pay either $8 or $12 a month to use the card. There’s currently a 25% discount if you pay upfront for an entire year, which works out to either $84 or $108 for the whole year. Fizz is free to use and doesn’t charge any fees. Instead, we make money through tiny fees charged to merchants whenever you make a purchase.

As for interest, both Fizz and Extra don’t charge any interest. Both cards link to your bank account to keep you from overspending and both cards are paid off on a daily basis, so there’s no risk of building up a big balance.

Rewards

If you pay $8 a month for Extra, you’ll have access to their credit building package. You’ll still build credit, but you won’t earn any kind of rewards. Extra’s rewards + credit building option is $12 and comes with the ability to earn rewards. The rewards rate is pretty unremarkable at essentially 1% cash back on purchases.

Fizz gives everyone access to a fantastic rewards program. With Fizz, you won’t earn a low flat cashback rate. Instead, you can earn cash back at places you love on campus and online. Fizz’s rewards are tailored to college students specifically. Plus, Fizz reward rates tend to be in the double digits, helping you earn even more.

Credit and credit building

Both Fizz and Extra are options for those who don’t have credit and want to build credit. Neither card checks your credit, so you won’t have to worry about the approval process, which can be a big pain with student credit cards. But Fizz still stands out above Extra when it comes to building your credit.

There are three main credit bureaus: Equifax, Transunion, and Experian. Most credit cards report your spending data to all three bureaus, giving you a robust credit score. Fizz also reports your data to all three. Extra, however, doesn’t report spending data for Transunion. So while you can still build credit with Extra, your credit profile won’t be quite as robust as it would be with Fizz.

The bottom line

When it comes to how the card itself functions, Fizz and Extra are quite similar. Both link to your existing bank account, keep you from spending more than you have, and operate on a daily payment schedule so that you can’t build up a big balance.

But the similarities stop there, and Fizz is a clear winner. Extra is expensive - $8 to $12 per month - whereas Fizz doesn’t cost anything to use. Plus, the Fizz rewards program is tailored to the wants and needs of college students, while Extra's rewards program only offers 1% cash back and only does so if you pay the more expensive fee.

At Fizz, we think your money should stay in your pocket where it belongs. That way you can spend it on the things you love and care about, all while earning some sweet cash back. So sign up for a Fizz card today!

Join Fizz, the debit card for college students
bio

Sam Lipscomb

Sam is a Kenyon College alum and is head of content at Fizz. He's been a go to personal finance resource among his peers since getting his first credit card during his sophomore year of college. He hails from Washington, DC, loves all things aviation, and currently lives in Los Angeles.

Back
June 6, 2022
Fizz

Fizz vs Extra card

Fizz is the credit card for college students

Extra card is new on the scene. The card promises to help you build credit without a credit check. The catch? It’ll cost you.

Extra card was founded in 2020 and only recently became available to users. The premise of the card has some similarities to Fizz. With Extra, you can get the card and build your credit without a credit check - same as Fizz. Extra also links to your existing bank account to keep you from spending more than you have - same as Fizz. And Extra is paid off every day through your connected bank account so that you can’t build up a balance and be charged interest - just like Fizz.

But the similarities stop there. Probably the biggest difference between Extra and Fizz is the fact that Extra charges a monthly usage fee. Fizz, on the other hand, is completely free to use. We think that your money should stay where it belongs: in your pocket so that you can spend it on what you want instead of having to pay just to build credit.

Extra is certainly helping people build credit who previously wouldn’t have been able to, so credit where credit is due. But with expensive monthly fees and lackluster rewards, Extra doesn’t quite stand out above it’s competition of secured cards or starter credit cards from Discover, Bank of America, and others. Let’s take a closer look at how Extra stacks up against Fizz, and why Fizz is a clear winner.

Fees and Interest

Extra is not free to use. In fact, you have to pay either $8 or $12 a month to use the card. There’s currently a 25% discount if you pay upfront for an entire year, which works out to either $84 or $108 for the whole year. Fizz is free to use and doesn’t charge any fees. Instead, we make money through tiny fees charged to merchants whenever you make a purchase.

As for interest, both Fizz and Extra don’t charge any interest. Both cards link to your bank account to keep you from overspending and both cards are paid off on a daily basis, so there’s no risk of building up a big balance.

Rewards

If you pay $8 a month for Extra, you’ll have access to their credit building package. You’ll still build credit, but you won’t earn any kind of rewards. Extra’s rewards + credit building option is $12 and comes with the ability to earn rewards. The rewards rate is pretty unremarkable at essentially 1% cash back on purchases.

Fizz gives everyone access to a fantastic rewards program. With Fizz, you won’t earn a low flat cashback rate. Instead, you can earn cash back at places you love on campus and online. Fizz’s rewards are tailored to college students specifically. Plus, Fizz reward rates tend to be in the double digits, helping you earn even more.

Credit and credit building

Both Fizz and Extra are options for those who don’t have credit and want to build credit. Neither card checks your credit, so you won’t have to worry about the approval process, which can be a big pain with student credit cards. But Fizz still stands out above Extra when it comes to building your credit.

There are three main credit bureaus: Equifax, Transunion, and Experian. Most credit cards report your spending data to all three bureaus, giving you a robust credit score. Fizz also reports your data to all three. Extra, however, doesn’t report spending data for Transunion. So while you can still build credit with Extra, your credit profile won’t be quite as robust as it would be with Fizz.

The bottom line

When it comes to how the card itself functions, Fizz and Extra are quite similar. Both link to your existing bank account, keep you from spending more than you have, and operate on a daily payment schedule so that you can’t build up a big balance.

But the similarities stop there, and Fizz is a clear winner. Extra is expensive - $8 to $12 per month - whereas Fizz doesn’t cost anything to use. Plus, the Fizz rewards program is tailored to the wants and needs of college students, while Extra's rewards program only offers 1% cash back and only does so if you pay the more expensive fee.

At Fizz, we think your money should stay in your pocket where it belongs. That way you can spend it on the things you love and care about, all while earning some sweet cash back. So sign up for a Fizz card today!

Join Fizz, the debit card for college students
bio

Sam Lipscomb

Sam is a Kenyon College alum and is head of content at Fizz. He's been a go to personal finance resource among his peers since getting his first credit card during his sophomore year of college. He hails from Washington, DC, loves all things aviation, and currently lives in Los Angeles.

Similar articles

Finance
4 Min

Types of student loans you should know about

Read
August 18, 2022
Tips
3 Min

Do I need a perfect credit score?

Read
August 15, 2022
Finance
4 Min

Saving vs investing in college

Read
August 9, 2022
Finance
4
min

Types of student loans you should know about

Read
August 18, 2022

Choose debit. Not debt.

Reserve your spot