If you’re a faithful and reliable customer of Netflix, the popular video streaming service is rewarding you with a bonus of sorts: a bump in your score with one of the major credit reporting services.
Credit-reporting agency Experian recently announced that consumers can now use on-time streaming service payments to increase their credit scores with Experian Boost.
In this article, I’ll show you how Experian Boost works with your streaming service and explain how I raised my own credit score instantly by connecting my Netflix payments to the program.
I’ve had Experian Boost since its inception. Although it has pros and cons, it has helped raise my overall credit profile.
How Netflix Can Raise Your Experian Credit Score
To use your on-time Netflix payments to help your credit rating, you’ll need to be signed up with Experian Boost. Here’s how it works:
- Sign on and link Experian Boost to your bank account.
- Allow Experian Boost to scan your account for eligible bills that can be counted in your credit report.
Because I already have an Experian Boost account, I signed in and quickly did a scan of all my accounts. In less than a minute, I was able to add my Netflix account to Experian Boost.
When the process was complete, Boost showed me that my Experian credit score went up by five points!
An Experian spokesperson told me that the program connects only with Netflix right now, but the addition of other streaming services is in the works.
Remember, Experian Boost raises only your Experian credit score. If you want an approach that includes TransUnion and Equifax, here’s how to raise your credit score by 100 points in 30 days.