Cleo AI: Budget & Build Credit

Editor's Review

Meet Cleo, your AI Financial Coach! 🤖 Cleo isn't just another budgeting app; it's like having a financial guru in your pocket, ready to chat and help you make smart money moves. With over 5 million users, Cleo is transforming the way people manage their finances. Whether you're looking to budget, save, build credit, or grab a cash advance in those tight spots, Cleo has you covered.

Cleo turns the often stressful world of finance into a simple, engaging chat. Ask questions, get insights, and learn about your money without the boredom. Want to know how much you splurged on takeout last month? Just ask Cleo! 🍕🍔

Need a little extra cash? Cleo offers cash advances up to $250! (1) Say goodbye to those hefty overdraft fees and hello to a helping hand from Cleo. Here’s what you can expect:

• No minimum or maximum repayment time
• No interest charges
• No credit checks required
• No late fees to worry about
• No direct deposit needed

Remember, a Cash Advance (Earned Wage Access) is NOT a personal loan! Cleo is an Earned Wage Access app, so there are no maximum annual percentage rates (APR) because there are no mandatory fees associated with Cleo's cash advances. For example, if you request a $40 advance and opt for non-expedited delivery, you'll only repay $40. 💰

Grow your savings with a whopping 3.52% APY! 📈 That’s almost nine times higher than the national average. Think of it as the good kind of interest, the kind that makes your savings grow! (2)

Budgeting doesn't have to feel like a restriction. 📝 Cleo builds a personalized budget just for you, with enough wiggle room for your favorite iced coffee. ☕ Cleo uses Plaid to securely read your transaction history (in read-only mode), pulling all your accounts into one place. She'll then break down your spending, share monthly bill trackers, and send you helpful reminders.

Build your credit without even using a credit card! (3) 💳 Improve your credit score and unlock better approvals, lower interest rates, and higher credit limits. Get started with:

• No Interest
• Cash advances
• Credit score coaching
• A minimum deposit of just $1

Get access to your paycheck up to 2 days early! (4) 💸 Don’t wait for payday. Set up direct deposits and unlock your earnings sooner.

Cleo offers different subscription tiers to fit your needs:

• Cleo Grow: Savings goals, hacks, challenges, and access to an annual percentage yield (APY) on savings.
• Cleo Plus: Includes everything in Cleo Grow, plus credit score insights and access to cash advances if eligible.
• Cleo Credit Builder: Offers all the benefits of Cleo Plus, plus credit history and priority support.

Cleo is a financial technology company, not a bank. Banking services are provided by Thread Bank, Member FDIC. We operate exclusively in the US, and users must select a US state of residence when setting up their account.

Your financial well-being starts with a simple chat. Download Cleo and let the AI magic begin! ✨

Features

• AI-powered financial coaching

• Cash advances up to $250

• High-yield savings with 3.52% APY

• Personalized budgeting tools

• Credit building without a credit card

• Early paycheck access

• Bill tracking and reminders

• Spending breakdown analysis

Pros

• Budgeting without feeling restricted

• Build credit without a credit card

• Access paycheck up to 2 days early

Cons

• Cash advance eligibility is subject to approval

• Early paycheck access is not guaranteed