How to Money · Monday, July 27, 2026
Experian, a major credit bureau, is launching a new banking product called the 'Smart Money Account,' which it claims can help boost credit scores. However, the offering is met with skepticism from financial commentators who question the trustworthiness of credit bureaus managing financial accounts and the low interest rates offered.
“Well, it turns out that credit bureau experience is getting into the banking game, and I was shocked to see.”
“And they're calling it like the smart money account, and it's being touted as a way to boost your credit score because we're going to count certain transactions to increasing your credit score. But then like right below that claim, there's like this giant asterisk and they're like, by the way, not all expenses, not all purchases go towards that boost.”
“And then also you're not really getting paid much of anything on the money that you're saving inside of that on bank bank, I think was this zero percent and.”