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484 Credit Score: Is It Good or Bad?

484 Poor
Updated April 6, 2024
Written by Rachel Alulis

A credit score of 484 is significantly below the national average and is considered poor. This score often indicates past credit difficulties or a lack of credit history, both of which can negatively impact your financial opportunities.

With a poor credit score, obtaining approval for loans or credit cards becomes challenging, as most lenders prefer borrowers with better credit scores to minimize risk. However, it's important not to lose hope. Some lenders specialize in offering financial products to those with poor credit, providing a pathway to rebuild your creditworthiness.

Let's delve deeper into what a 484 credit score means for you. We'll explore the types of loans and credit cards you might still qualify for despite your low score. Additionally, we'll discuss actionable steps you can take to improve your score over time. A higher score will help you to achieve better financial health and access to more favorable credit options in the future.

 

What kind of credit score is 484?

A credit score of 484 is classified within the poor range, which spans from 300 to 579. TransUnion reports that about 16% of the U.S. population falls into this category, often reflective of previous financial struggles such as missed or defaulted payments, substantial debt, collections activity, bankruptcy, or a lack of credit history altogether.

Your credit score is a key indicator for lenders to determine your borrowing risk. With a poor score, you're viewed as a high-risk borrower, making it significantly more difficult to secure credit approval. If you are approved, it's typical to face higher interest rates and additional fees than those with healthier credit scores.

For individuals with a 484 credit score, the most effective strategy is to focus on improving your score. This involves making timely payments, reducing outstanding debt, and avoiding new credit applications. By consistently demonstrating responsible financial behavior, you can gradually increase your score. Once your credit improves, you can qualify for more favorable loan or credit card terms, which will further support your financial recovery and stability. Patience and disciplined financial habits are essential in transitioning from a poor credit score to a stronger financial position.

 

Can I get a credit card with a 484 credit score?

Getting approved for a credit card with a 484 credit score is difficult but feasible. The majority of credit card companies and banks are hesitant to provide cards to those with scores under 670, viewing them as high-risk borrowers. When you have a score of 484, you’ll need to look for specific subprime credit cards designed to cater to individuals with poor or nonexistent credit histories. The catch is these cards typically come with higher fees and APRs to mitigate the issuer's risk of nonpayment.

Subprime credit cards often carry various costs, including annual fees, monthly maintenance fees, and higher interest rates, which can add up and make these cards expensive to use. However, they can still be a viable option if you manage them responsibly, as they provide an opportunity to build or rebuild your credit. Ensure you understand all the associated fees and terms before applying for a subprime credit card to avoid any unpleasant surprises.

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Annual Fee N/A
Intro APR N/A
Regular APR 10%
Credit Score Range 300-579
Monthly Fee $0

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A lower-cost option is a secured credit card. These cards require a refundable security deposit. The deposit directly corresponds to your credit limit, thereby lowering the risk for the issuer. Secured cards often feature lower fees and interest rates than their unsecured counterparts for individuals with poor credit scores. To make the most of a secured card, use it for small, manageable purchases and ensure that you pay off the balance in full each month. This behavior will help establish a positive payment history, a crucial factor in improving your credit score.

Another avenue to consider is becoming an authorized user on an existing credit card belonging to a friend or relative with a good score. This arrangement allows you to benefit from their responsible credit card usage without the need for an independent application. As an authorized user, you can make purchases using their card, and the primary cardholder's positive payment history can help improve your credit score. It’s essential to choose someone with excellent credit habits to maximize the benefits of this strategy.

 

Can I get a personal loan with a 484 credit score?

Securing a personal loan with a 484 credit score is difficult, as most lenders prefer significantly higher scores - 670 and up - to mitigate risk. However, it’s not entirely impossible. If you have an asset to put up for collateral - property, vehicle, or savings account - you can get a secured loan. Secured loans are easier to get because they pose less risk for the lender. If you fail to repay the money, the lender can seize your asset to recoup what you owe. Therefore, you are more likely to be approved and with more favorable terms. Before you take out a secured loan, make sure you can repay it as agreed.

Most people don't have an asset for a secured loan. In this case, look into online lenders and lending marketplaces. Many of these online institutions specialize in offering loans to individuals with bad credit. These lenders understand the challenges faced by those with low credit scores and are willing to work with them. They may place more emphasis on your income or employment stability than on your score. Be prepared for higher interest rates and additional fees to compensate for the increased risk the lender is taking.

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If you want to avoid the high costs associated with an unsecured loan for bad credit, consider adding a co-signer or co-borrower with good credit to your application. Having an additional applicant with strong credit will enhance your chances of qualifying for the loan and securing more favorable terms. The lender perceives less risk since they can collect payment from the co-applicant if you default. A co-borrower will have equal access to the loan funds, whereas a co-signer will not.

Another option is to explore cash advance apps. These fintech applications provide you with a small amount of money almost instantly, which you repay with your next paycheck. You link them to your bank account rather than having to undergo a credit check. They do not charge interest, though some ask for a subscription fee or optional tip.

Credit unions are another excellent option for obtaining a loan with a poor credit score. These member-owned institutions tend to have more lenient requirements and may be willing to lend to members with low scores. Generally, you need to be a member for at least one month before you can apply for a loan.

Before you commit to a loan with high fees and interest rates, carefully consider the urgency of your financial needs. Assess whether your situation allows for a delay in borrowing until you've had a chance to improve your score. Improving your credit score, even slightly, can open up opportunities for lower-cost alternatives.

It's important to explore all available options before taking on additional debt. Consider alternatives like borrowing from friends or family, selling unused items, or tapping into emergency savings if possible.

Take your 484 credit score with a grain of salt

The term "bad credit" lacks a one-size-fits-all definition, as lenders' criteria for minimum credit scores can differ greatly. What one lender may view as a deal-breaker, another might not weigh as heavily, placing more emphasis on factors like your job stability and living arrangements instead.

Despite this, it's essential to acknowledge that a credit score of 484 is on the lower end of the spectrum, generally categorized as poor. However, this situation isn't set in stone. Credit scores are dynamic and can be improved over time with consistent and effective financial strategies.

To enhance your credit score, focus on making timely payments, reducing outstanding debt, and avoiding new credit applications. Regularly checking your credit report for errors and disputing any inaccuracies can also help. By adopting these habits, you can gradually raise your credit score and become eligible for a wider range of financial products with better terms.

Remember, rebuilding credit is a gradual process, but with patience and discipline, you can move from a low score to a healthier financial standing. Every positive financial decision contributes to a better credit future, making you a more attractive candidate for loans and credit cards down the line.

 

How can I improve my 484 credit score?


Improving a 484 credit score requires patience and discipline, but it is achievable. There are five main factors used to calculate your credit score:

  1. Payment history - 35%
  2. Credit utilization - 30%
  3. Length of credit history - 15%
  4. Credit mix - 10%
  5. New credit - 10%

While these are essential to know and follow, the first thing you need to do is understand why your score is so low. Once you understand the underlying issues, you can take targeted steps to improve it. 

While building credit takes time and won't happen overnight, you may see improvements faster than expected with consistent effort. You can also use credit building tools to give your score an additional boost. Credit builder loans offered by credit unions and some fintech apps are any easy way to establish a positive payment history. Or you can get credit fill bills you already pay. Certain companies report rent, utilities, subscription payments and more to the credit bureaus. This service helps you grow your score without any additional products or responsibilities. 

Remember, every positive financial decision contributes to a better credit score. A higher credit score leads to a better financial future.

Review your credit report

Begin by reviewing your credit report. You can obtain a free copy annually from the three national credit bureaus—Equifax, Experian, and TransUnion—via annualcreditreport.com. Look for any inaccurate negative marks and promptly dispute them with the bureau involved. Correcting false negative marks can instantly enhance your score.

Mistakes can result from reporting errors by financial institutions or might indicate identity theft. If you suspect identity theft, freeze your credit report to prevent anyone from opening new accounts in your name.

Take it a step further and assess your report to determine the root causes of your low score. Is it due to frequent late payments, an account in collections, high usage of your credit limit, or recent multiple credit inquiries? These elements are key contributors to a reduced credit score. Knowing what you have done wrong in the past will help you know what to change in the future.

 

Do some damage control

The next step involves addressing past financial mistakes. Contact your creditors or debt collection agencies to negotiate settlements for outstanding debts. Many creditors are willing to remove negative marks from your credit history if you fully settle the debt or agree to a structured repayment plan. Proactively working to correct previous financial errors can enhance your score.

Should your efforts to have negative entries removed fail, there's no need to lose heart. Adverse information typically remains on your credit report for up to seven years; however, its negative effect on your score diminishes over time. In the meantime, focus on building positive credit habits. Consistently pay your bills on time, as payment history is a significant factor in your credit score. Lower your credit utilization by paying down balances and keeping your credit card usage below 30% of your total available credit.

Consider setting up automatic payments or payment reminders to ensure you never miss a due date. Everyone makes mistakes, and forgetting bills is a common one. Most issuers and banks offer autopay options to help ensure timely payments.

To help keep your credit utilization low, pay off your balance throughout the month. Issuers report your utilization at the end of the month, so paying down your balance before they report will allow you to use credit while helping your score grow. Additionally, avoid applying for new credit too frequently, as multiple inquiries can negatively impact your score.

By maintaining these good financial practices, you can gradually improve your credit score even without the direct removal of negative entries. Remember, improving your credit is a marathon, not a sprint. With persistence and responsible management, you can rebuild your credit profile and open up better financial opportunities in the future.

Get a secured credit card

For those with a 484 credit score, a secured credit card is often the most effective way to repair credit and establish a positive payment history. Secured cards require a security deposit that sets your credit limit. This deposit is fully refundable if you close your account in good standing, making it a better deal compared to the annual fees often associated with subprime credit cards.

The security deposit reduces the risk for the credit card issuer, making these cards accessible to nearly everyone. To maximize the benefits of a secured credit card, use it to make small purchases and ensure you pay your balance in full each month. This practice helps establish a positive payment history, which is a crucial factor in improving your credit score.

You might be surprised by the positive impact that even a few months of responsible use can have on your credit score. Consistent on-time payments and maintaining low credit utilization can lead to significant improvements, gradually increasing your credit score and opening up better financial opportunities in the future. By starting with a secured credit card, you can take control of your credit journey and work towards a healthier financial future.

 

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Next steps for your 484 credit score

A score of 484 is low and can make it challenging to qualify for loans or secure credit cards without upfront deposits. However, it's important to stay positive and remember that enhancing your credit score is a feasible goal. Start by reviewing your credit report to understand the root causes of your low score. Next, adopt responsible credit habits: pay your bills on time and in full, minimize your credit usage by keeping balances low, and limit new credit inquiries to avoid further hard inquiries on your report. Consistently making timely payments and maintaining low credit utilization are key factors in improving your score.

As you establish these responsible habits, your score will gradually improve. Take moments to acknowledge each small victory along the way, such as a month of on-time payments or a reduction in your credit card balances. These milestones are indicators of your progress and motivation to continue your efforts.

While you have a ways to go, achieving a good credit score is within your grasp with consistent effort. Stay committed to your financial goals, and over time, you will see significant improvements in your credit score, leading to better financial opportunities and greater financial stability.

1. Paycheck Advance is For eligible customers only. Your actual available Paycheck Advance amount will be displayed to you in the mobile app and may change from time to time. Conditions and eligibility may vary and are subject to change at any time, at the sole discretion of Finco Advance LLC, which offers this optional feature. Finco Advance LLC is a financial technology company, not a bank. Expedited disbursement of your Paycheck Advance is an optional feature that is subject to an Instant Access Fee and may not be available to all users. Expedited disbursements may take up to an hour. For more information, please refer to Paycheck Advance Terms and Conditions.
2. Paycheck Advance is an earned wage access service and is not a loan or credit product.
3. Current is a financial technology company, not an FDIC-insured bank. FDIC insurance up to $250,000 only covers the failure of an FDIC-insured bank. Certain conditions must be satisfied for pass-through deposit insurance coverage to apply. Banking services provided by Choice Financial Group, Member FDIC, and/or Cross River Bank, Member FDIC. The Current Visa® Debit Card, which may be issued by Choice Financial Group and/or Cross River Bank, and the Current Visa® secured charge card, which is issued by Cross River Bank, are all issued pursuant to licenses from Visa U.S.A. Inc. and may be used everywhere Visa debit or credit cards are accepted. A Current debit account is required to apply for the Current Visa® secured charge card. Independent approval required.
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5. Debit card: Fees may apply, including out of network cash withdrawal fees, third-party fees, cash load fees, inactivity fees, account closure fees, international transaction fees, replacement card fees, express mail fees and escheatment fees.                                                                                                                                                       Build Card: Some fees may apply, including out of network ATM fees of $2.50 per transaction, late payment fees of 3% of any total due balance outstanding and past due for two or more billing cycles, foreign transaction fees of 3% of the full transaction amount (minimum $0.50), card replacement fees per card of $5 for regular delivery and $30 for expedited delivery, cash deposit fees of $3.50 per deposit, and third party processing fees.
6. Current is a financial technology company, not a bank. Banking services provided by Choice Financial Group, Member FDIC, and Cross River Bank, Member FDIC. The Current Visa® Debit Card is issued by Choice Financial Group pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted. The Current Visa® secured charge card is issued by Cross River Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa credit cards are accepted. Please see the back of your Card for its issuing bank. Current Individual Account required to apply for the Current Visa® secured charge card. Independent approval required.
7. Individual results may vary. Using your credit card responsibly may allow you to improve your credit score. Credit building depends on various factors, including your payment history, credit utilization, length of credit history, and other financial activities.
8. Faster access to funds is based on comparison of traditional banking policies and deposit of paper checks from employers and government agencies versus deposits made electronically. Direct deposit and earlier availability of funds is subject to timing of payer’s submission of deposits.
9. Current is a financial technology company, not a bank. Banking services provided by Choice Financial Group. Funds held in Savings Pods are FDIC-insured on a pass-through basis up to $250,000 at our partner bank Choice Financial Group, member FDIC.
10. Paycheck Advance is For eligible customers only. Your actual available Paycheck Advance amount will be displayed to you in the mobile app and may change from time to time. Conditions and eligibility may vary and are subject to change at any time, at the sole discretion of Finco Advance LLC, which offers this optional feature. Finco Advance LLC is a financial technology company, not a bank.
11. Expedited disbursement of your Paycheck Advance is an optional feature that is subject to an Instant Access Fee and may not be available to all users. Expedited disbursements may take up to an hour. For more information, please refer to Paycheck Advance Terms and Conditions.
12. Actual overdraft amount may vary and is subject to change at any time, at Current’s sole discretion. In order to qualify and enroll in the Fee-Free Overdraft feature, you must receive $500 or more in Eligible Direct Deposits into your Current Account over the preceding 35-day period and fulfill other requirements subject to Current’s discretion. Negative balances must be repaid within 60 days of the first Eligible Transaction that caused the negative balance. For more information, please refer to Fee-free Overdraft Terms and Conditions. Individual Current Accounts only.
13. For eligible customers only. You may earn Points in connection with your Build Card purchases at retailers whose merchant code is classified as: Dining (e.g., restaurants) and Groceries (e.g., supermarkets) and by completing other actions that Current designates as subject to the Current Points Program. The amount of Points granted for different actions as well as the purchase requirements necessary to earn Points will vary, and is subject to Current’s sole discretion. After qualifying, please allow 3-5 business days for points to post to your Current account. Points will expire 365 days after they settle. For more information (including specific eligibility criteria), please refer to the Current Points Terms and Condition.
14. Some fees may apply, including out of network ATM fees of $2.50 per transaction, late payment fees of 3% of any total due balance outstanding and past due for two or more billing cycles, foreign transaction fees of 3% of the full transaction amount (minimum $0.50), card replacement fees per card of $5 for regular delivery and $30 for expedited delivery, cash deposit fees of $3.50 per deposit, and third party processing fees.
15. Boost Bonuses are credited to your Savings Pods within 48 hours of enabling the Boost feature and on a daily basis thereafter, provided that the Savings Pod has accrued a Boost Bonus of at least $0.01. No minimum balance required. The Boost rate on Savings Pods is variable and may change at any time. The disclosed rate is effective as of August 1, 2023. Must have $0.01 in Savings Pods to earn a Boost rate of either 0.25% or 4.00% annually on the portion of balances up to $2000 per Savings Pod, up to $6000 total. The remaining balance earns 0.00%. To earn a Boost rate of 4.00%, the sum of your Eligible Payroll Deposits over a rolling 35-day period must be $500 or more, with at least one Eligible Payroll Deposit equalling a minimum of $200. For more information, please refer to Current Boost Terms and Conditions.
16. Current is a financial technology company, not a bank. Banking services provided by Choice Financial Group. Your money is FDIC-insured on a pass-through basis up to $250,000 at each of our partner banks, Choice Financial Group and Cross River Bank, members FDIC.
17. Average value based on Fine Hotels + Resorts bookings in 2023 for stays of two nights. Benefits include daily breakfast for two, room upgrade upon arrival when available, $100 amenity, guaranteed 4PM late checkout, and noon check-in when available. Certain room categories not eligible for upgrade. $100 amenity varies by property. Actual value will vary based on property, room rate, upgrade availability, and use of benefits.
18. Up to $500 per Covered Trip that is delayed for more than 6 hours; and 2 claims per Eligible Card per 12 consecutive month period. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by New Hampshire Insurance Company, an AIG Company.
19. The maximum benefit amount for Trip Cancellation and Interruption Insurance is $10,000 per Covered Trip and $20,000 per Eligible Card per 12 consecutive month period. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by New Hampshire Insurance Company, an AIG Company.
20. Baggage Insurance Plan coverage can be in effect for Covered Persons for eligible lost, damaged, or stolen Baggage during their travel on a Common Carrier Vehicle (e.g. plane, train, ship, or bus) when the Entire Fare for a ticket for the trip (one- way or round-trip) is charged to an Eligible Card. Coverage can be provided for up to $2,000 for checked Baggage and up to a combined maximum of $3,000 for checked and carry-on baggage, in excess of coverage provided by the Common Carrier. The coverage is also subject to a $3,000 aggregate limit per Covered Trip. For New York State residents, there is a $2,000 per bag/suitcase limit for each Covered Person with a $10,000 aggregate maximum for all Covered Persons per Covered Trip. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company.
21. Car Rental Loss and Damage Insurance can provide coverage up to $75,000 for theft of or damage to most rental vehicles when you use your eligible Card to reserve and pay for the entire eligible vehicle rental and decline the collision damage waiver or similar option offered by the Commercial Car Rental Company. This product provides secondary coverage and does not include liability coverage. Not all vehicle types or rentals are covered. Geographic restrictions apply. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.
22. Coverage for a Stolen or damaged Eligible Cellular Wireless Telephone is subject to the terms, conditions, exclusions, and limits of liability of this benefit. The maximum liability is $800, per claim, per Eligible Card Account. Each claim is subject to a $50 deductible. Coverage is limited to two (2) claims per Eligible Card Account per 12 month period. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by New Hampshire Insurance Company, an AIG Company.
23. When an American Express® Card Member charges a Covered Purchase to an Eligible Card, Extended Warranty§ can provide up to one extra year added to the Original Manufacturer’s Warranty. Applies to warranties of five (5) years or less. Coverage is up to the actual amount charged to your Card for the item up to a maximum of $10,000; not to exceed $50,000 per Card Member account per calendar year. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company.
24. Purchase Protection is an embedded benefit of your Card Membership and requires no enrollment. It can help protect Covered Purchases made on your Eligible Card when they’re accidentally damaged, stolen, or lost, for up to 90 days from the Covered Purchase date. The coverage is limited to up to $10,000 per occurrence, up to $50,000 per Card Member account per calendar year. Coverage Limits Apply. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company.
25. Chime is a financial technology company, not a bank. Banking services provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC.
26. The secured Chime Credit Builder Visa® Card is issued by Stride Bank, N.A., Member FDIC, pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa credit cards are accepted.
27. Banking services and debit card provided by The Bancorp Bank N.A. or Stride Bank, N.A., Members FDIC, pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.
28. The Annual Percentage Yield (“APY”) for the Chime Savings Account is variable and may change at any time. The disclosed APY is effective as of September 20, 2023. No minimum balance required. Must have $0.01 in savings to earn interest.
29. There’s no fee for the Chime Savings Account. Cash withdrawal and Third-party fees may apply to Chime Checking Accounts. You must have a Chime Checking Account to open a Chime Savings Account.
30. To apply for Credit Builder, you must have received a single qualifying direct deposit of $200 or more to your Chime Checking Account. The qualifying direct deposit must be from your employer, payroll provider, gig economy payer, or benefits payer by Automated Clearing House (ACH) deposit OR Original Credit Transaction (OCT). Bank ACH transfers, Pay Anyone transfers, verification or trial deposits from financial institutions, peer to peer transfers from services such as PayPal, Cash App, or Venmo, mobile check deposits, cash loads or deposits, one-time direct deposits, such as tax refunds and other similar transactions, and any deposit to which Chime deems to not be a qualifying direct deposit are not qualifying direct deposits.
31. Money added to Credit Builder will be held in a secured account as collateral for your Credit Builder Visa card, which means you can spend up to this amount on your card. This is money you can use to pay off your charges at the end of every month.
32. Based on a representative study conducted by Experian®, members who made their first purchase with Credit Builder between June 2020 and October 2020 observed an average FICO® Score 8 increase of 30 points after approximately 8 months. On-time payment history can have a positive impact on your credit score. Late payment may negatively impact your credit score.
33. On-time payment history may have a positive impact on your credit score. Late payment may negatively impact your credit score. Chime will report your activities to Transunion®, Experian®, and Equifax®. Impact on your credit may vary, as Credit scores are independently determined by credit bureaus based on a number of factors including the financial decisions you make with other financial services organizations.
34. Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. We generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.
35. SpotMe® on Debit is an optional, no fee overdraft service attached to your Chime Checking Account. To qualify for the SpotMe on Debit service, you must receive $200 or more in qualifying direct deposits to your Chime Checking Account each month and have activated your Visa debit card. Qualifying members will be allowed to overdraw their Chime Checking Account for up to $20 on debit card purchases and cash withdrawals initially but may later be eligible for a higher limit of up to $200 or more based on Chime Account history, direct deposit frequency and amount, spending activity and other risk-based factors. The SpotMe on Debit limit will be displayed within the Chime mobile app and is subject to change at any time, at Chime’s sole discretion. Although Chime does not charge any overdraft fees for SpotMe on Debit, there may be out-of-network or third-party fees associated with ATM transactions. SpotMe on Debit will not cover any non-debit card transactions, including ACH transfers, Pay Anyone transfers, or Chime Checkbook transactions. SpotMe on Debit Terms and Conditions.
36. Tipping or not tipping has no impact on your eligibility for SpotMe®.
37. Out-of-network ATM withdrawal fees may apply except at MoneyPass ATMs in a 7-Eleven, or any Allpoint or Visa Plus Alliance ATM.
38. Save When I Get Paid automatically transfers 10% of your direct deposits of $500 or more from your Checking Account into your savings account.
39. Round Ups automatically round up debit card purchases to the nearest dollar and transfer the round up from your Chime Checking Account to your savings account.
40. Mobile Check Deposit eligibility is determined by Chime in its sole discretion and may be granted based on various factors including, but not limited to, a member’s direct deposit enrollment status.
41. Funds are automatically debited from your Checking Account and typically deposited into the recipient’s Checking Account within seconds. Pay Anyone transactions will be monitored and may be held, delayed or blocked if the transfer could result in fraud or another form of financial harm. Sometimes instant transfers can be delayed.
42. Pay Anyone transactions will be monitored and may be held, delayed or blocked if the transfer could result in fraud or another form of financial harm. Sometimes instant transfers can be delayed. Non-Chime members must use a valid debit card to claim funds.
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About the author

Rachel Alulis

Rachel Alulis has been the lead editor for Moneyfor’s credit cards team since 2015 and for the financial rewards team since 2023. Before joining Moneyfor, Rachel worked at USA Today and the Des Moines Register. She then established a successful freelance writing and editing business specializing in personal finance. Rachel holds a bachelor’s degree in journalism and an MBA.

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