Block-owned Cash App is testing a feature that allows users to see in real-time how their interactions with the app affect their financial health.
The Cash App Score provides customers insight into how Block evaluates their credit eligibility. Participants can access a dedicated tile in the app that displays their current score along with personalized insights. The interface highlights specific actions that may influence their score, such as maintaining funds in their Cash App Balance, depositing paychecks, or repaying Cash App Borrow loans on time. As customers take these actions, the app dynamically updates their score, allowing them to track their progress over time.
“We’ve been using our near real-time underwriting models to power credit products for years,” says Brian Boates, risk lead at Block. “The Cash App Score pilot gives customers transparency into how their credit eligibility is determined. For the first time, they can see their scores, understand influencing factors, and take specific actions to enhance their financial health within Cash App.”
Additionally, Cash App is piloting the introduction of Afterpay’s buy-now-pay-later (BNPL) services on its card. Users with Cash App Cards will soon have the option to turn online or in-store purchases into pay-over-time transactions wherever Visa is accepted, through a new Visa Debit Flex Card.
“We’re combining Block’s underwriting strength with Afterpay’s well-established pay-over-time expertise to deliver a service our 26 million monthly Cash App Card users have been requesting,” says Owen Jennings, head of business at Block.