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676 Credit Score: Is It Good or Bad?

676 Good
Updated April 6, 2024
Written by Rachel Alulis

Holding a credit score of 676 positions you comfortably within the range of good credit. According to Experian, the average American holds a credit score of 715, well within the good range. With a score of 676, you stand to benefit from improved interest rates, more appealing loan conditions, and a broader array of lending options.

Applicants boasting a score of 676 are typically seen favorably by lenders, as it suggests a reliable history of timely bill payments and responsible credit usage. This favorable perception can make it easier to secure loans and credit cards with better terms. In the following sections, we'll explore the implications of having a 676 credit score, the benefits it can bring, and effective strategies for enhancing your credit score even further.

 

What kind of credit score is 676?

Lenders rely on your credit score to measure the level of risk associated with lending to you. Scores essentially indicate how likely it is that you’ll repay your debts. A good credit score, defined as anything between 670 and 739, signals to lenders that you're a reliable debtor, making you a less risky proposition. 21% of Americans fall into this category, making it a common benchmark for lender approval. Having a score in this range boosts your chances of getting approved for loans and credit cards with lower interest rates and more appealing terms.

Yet, it's important to note that a 676 credit score, while classified as good, doesn't qualify as very good or excellent. This means that the most premium interest rates and loan conditions are still just beyond reach. A score at this level is considered to carry a moderate risk, not because it's poor, but because it might suggest a past of financial hiccups like late payments or defaults or perhaps a relatively brief credit history. As a result, lenders might be slightly more reserved in their offerings than if you had a higher credit score. As you improve your score and move closer to the very good or excellent categories, you'll unlock even better financial opportunities and more favorable loan conditions.

 

Can I get a credit card with a 676 credit score?

Yes, a 676 credit score places you in a strong position to be eligible for numerous credit card options. Issuers consider individuals with such scores to be financially dependable, enhancing your chances of approval for credit cards offering advantageous terms.

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Credit cards can be broadly categorized based on the rewards and benefits they offer. Here are some of the most common types:

Cash Back Cards: Cash back credit cards reward you with a percentage of your spending returned as cash. These cards typically offer varying rates depending on the purchase category. For example, you might earn 1% cash back on all purchases, but 3% on groceries or 2% on gas. This system allows you to save money on everyday expenses. These cards are particularly beneficial if you prefer a straightforward reward system that effectively reduces your net spending, making them an excellent choice for those looking to maximize their purchasing power.

Travel Rewards Cards: Travel rewards cards offer points or miles that can be redeemed for travel-related expenses such as flights, hotels, and car rentals. These cards often come with additional perks like travel insurance, no foreign transaction fees, and airport lounge access. They are ideal for frequent travelers who want to maximize their spending benefits for future trips. By using these cards for everyday purchases, you can accumulate points quickly and enjoy significant savings and enhanced travel experiences.

Balance Transfer Cards: Balance transfer cards allow you to transfer existing high-interest debt from one or more credit cards to a new card with a low or 0% introductory APR on balance transfers for a specified period, usually 12-18 months. These cards can help you save on interest and pay down debt faster. However, they often charge a balance transfer fee, typically 3-5% of the amount transferred. This fee can add up, so it's important to calculate whether the interest savings outweigh the cost of the transfer.

Brand-Specific Rewards Cards: Brand-specific rewards cards are designed to offer exclusive benefits and rewards for purchases made with a particular retailer or brand. These cards often provide higher reward rates for spending within the brand’s stores or online platforms, such as 5% cash back or bonus points on purchases. Additionally, they may offer perks like early access to sales, special financing options, and exclusive discounts. Brand-specific rewards cards are ideal for loyal customers who frequently shop with the brand, allowing them to maximize their savings and enjoy added benefits tailored to their shopping preferences.

While your 676 credit score makes you eligible for many of these cards, achieving a higher credit score can unlock access to even better credit card offers. Cards that demand very good to excellent credit often come with more generous rewards, superior perks, and higher credit limits. Therefore, while you explore your options, consider strategies to improve your credit score further, such as maintaining low credit card balances, making timely payments, and avoiding unnecessary credit inquiries. By doing so, you can enhance your credit profile and qualify for the most attractive credit card offers available.

Can I get a personal loan with a 676 credit score?

Possessing a credit score of 676 markedly increases your odds of securing personal loans with low interest rates and favorable terms. Lenders perceive you as a moderate-risk borrower, making it much more likely that they’ll approve your loan no matter the reason you need it. Your credit score enables you to effectively compare offers and negotiate with various lenders to secure the best loan available.

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Here’s a breakdown of different types of personal loans:

Secured Loans: Secured loans require you to put up collateral, such as a vehicle, savings account, or property, to back the loan. Because the lender has a claim on your collateral, these loans typically offer lower interest rates and higher borrowing limits. They are ideal for individuals who need larger sums of money or have a lower credit score but can provide valuable assets as security. Secured loans are commonly available through traditional banks and credit unions, offering a practical solution for those seeking to leverage their assets for better loan terms.

Installment Loans: Installment loans are repaid over a predetermined period with fixed monthly payments, providing stability and predictability for budgeting. These versatile loans can be used for various purposes, such as debt consolidation, home improvements, or large purchases. The fixed payment schedule makes them a popular choice for those seeking financial clarity and control. Installment loans are available from banks, credit unions, and online lenders, offering borrowers multiple options to find terms that best suit their financial needs and goals.

Cash Advance Apps: Cash advance apps offer small, short-term loans against your next paycheck, providing a convenient way to access funds quickly in emergencies. These apps typically charge minimal fees and require repayment within a short period, usually by your next payday. While cash advance apps are useful for immediate, short-term financial needs, the borrowing limits are relatively low compared to other loan types. This makes them ideal for covering unexpected expenses or bridging financial gaps between paychecks without incurring high interest rates or lengthy repayment terms.

Once you select the loan you want, check out various financial institutions to get the best offer:

Banks: Traditional banks offer a wide range of personal loans, both secured and unsecured, catering to various financial needs. Banks usually provide competitive interest rates and more substantial loan amounts, especially for customers with good credit scores. However, the application process can be more rigorous, requiring detailed documentation and a thorough credit check. Despite this, banks remain a reliable source for personal loans due to their established reputation and comprehensive range of financial products, making them a preferred choice for many borrowers seeking stability and trustworthiness.

Credit Unions: Credit unions are member-owned financial institutions that typically offer lower interest rates and personalized services. They are an excellent option for personal loans, especially for members who benefit from lower fees and more flexible terms. Credit unions tend to be more community-focused and may have more lenient lending criteria compared to traditional banks. This community-oriented approach often results in a more personalized and understanding lending process, making credit unions a favored choice for borrowers seeking both favorable terms and supportive customer service.

Online Lenders: Online lenders provide a fast and convenient way to obtain personal loans, offering a variety of loan types, including unsecured loans that do not require collateral. They often use alternative data to assess creditworthiness, making them a viable option for individuals with good but not excellent credit scores. The application process with online lenders is typically quick and can be completed entirely online, providing a hassle-free borrowing experience. This ease of access and speed makes online lenders an attractive option for those seeking efficient and flexible financial solutions.

Try to prequalify with at least three lenders before you officially apply. Prequalifying does not affect your credit score, as the lender will only do a soft pull and basic check of your financial information. It allows you to see what offers you may qualify for and compare loan amounts, terms, interest rates, and fees to ensure you get the best deal. Online loan marketplaces make it easy to prequalify as you fill out one application and then are matched with potential lenders willing to work with your credit profile.

It's worth noting, though, that not all financial institutions will extend credit to you, as some look for applicants with scores significantly above 676. If you’re denied, you can ask for an adverse action notice. Lenders are obligated to provide the reasons behind their decision and share the credit information they used. Should your credit score be an impediment, rest assured that you're already on your way to boosting it.

With a credit score of 676, you have access to a wide array of personal loan options. Whether you need a secured loan, an installment loan, or a quick cash advance, your good credit score enhances your borrowing opportunities. It’s essential to compare terms and conditions from various lenders—banks, credit unions, and online lenders—to find the best fit for your financial needs and goals. If your credit score prevents you from accessing certain loans, remember that you’re already well on your way to improving it, and with responsible financial behavior, you can reach even higher credit tiers in the future.

 

Take your 676 credit score with a grain of salt

There isn't a universally agreed-upon definition of good credit since lenders set their own benchmarks for acceptable credit scores and assign varying degrees of importance to them. Your credit score is just one aspect of your financial profile. Some creditors prefer to delve deeper into your financial circumstances, evaluating your employment situation, income, and any existing financial obligations.

Securing a 676 credit score marks a significant milestone, but it's essential to keep pushing forward. Your credit score is subject to change for better or worse based on your financial behavior. Therefore, it’s crucial to continue your responsible credit habits not only to maintain but potentially increase your score.

Continue what you're probably already doing. Always pay your bills on time, keep your credit card balances low, and avoid unnecessary debt. You can also check your credit report to make sure everything is well. By doing so, you can be eligible for even better financial products, such as loans with lower interest rates, higher credit limits, and more rewarding credit card options. While your score is good, you still have a ways to go to make it great. Consistent and responsible financial management can open doors to top-tier financial products and rewards in the future.

 

How can I make my good credit score great?

A 676 credit score places you comfortably outside the realm of poor credit, yet there's room for improvement. Achieving a flawless credit score involves no magic recipe; you just have to continue to show responsible credit behavior. It will take time. In fact, the majority of people with an 800 score have had accounts open for over a decade. So take heart, with a little effort and consistent behavior you too can get an exceptional score.

Before we go over some strategies to get to a perfect score, let's review how credit scores are calculated. Credit scoring models consider the following five factors:

  • Payment history - 35%
  • Credit utilization rate - 30%
  • Length of credit history - 15%
  • Mix of credit accounts - 10%
  • New inquiries - 10%

Now, here are some principles to help you improve your score:

Reduce Credit Utilization: Aim to use a maximum of 30% of your credit limit, though aiming for 10% is preferable. Individuals with FICO scores above 800 typically utilize just 5.7% of their credit. To achieve this, reduce your debt, request higher credit limits, and pay off your balances in full. Maintaining low credit utilization demonstrates to lenders that you are not overly reliant on credit and can manage your finances effectively.

Timely Bill Payments: The cornerstone of building a solid credit score is paying bills on time, every time. The impact of a late payment varies by how late it is and how recently it occurred. Recent payments over 30 days late can significantly lower your score. Notably, 95% of consumers with FICO scores over 800 have never missed a bill payment. Setting up automatic payments or reminders can help ensure you never miss a due date.

Credit Length: The age of your credit accounts contributes to your score. A longer credit history offers a comprehensive view of your financial habits, giving lenders more to go on. Patience is key here, as the average consumer with an exceptional credit score boasts an account history of over a decade. Avoid closing old accounts to maintain the length of your credit history.

Keep Old Accounts Open: While closing old credit accounts might seem like a good idea, it can harm your score by increasing your utilization ratio and reducing the average age of your accounts. An exception exists for accounts with hefty fees. Keeping old accounts open helps to demonstrate a long and stable credit history.

Cautious Credit Applications: Apply for new credit only as needed since each application temporarily dings your score. Newly opened accounts also lower the overall age of your credit history. Be strategic about applying for new credit and only do so when it is necessary or part of a long-term plan to improve your credit mix.

Credit Diversification: Having a variety of credit types, including credit cards and personal loans, can positively affect your score. It shows lenders that you can handle different types of credit responsibly. However, only take on new debt when you need to, and ensure you can manage it effectively.

Regular Credit Monitoring: Regularly monitoring your credit report for inaccuracies can help you catch and dispute errors that might negatively impact your score. It can also help you detect identity theft. Get your credit reports once a year from annualcreditreport.com and see what you find. Ensuring your credit report is accurate is essential for maintaining and improving your credit score.

Credit building is a marathon, not a sprint. With your score already at 676, maintaining responsible financial habits will only further your progress. Consistently applying these principles will help you achieve and maintain an excellent credit score, unlocking superior financial offerings and ensuring greater financial stability.

 

Next steps for your 676 credit score

A 676 credit score marks a solid foundation and is something to be proud of, yet you can do better. Yes, you can get rewards credit cards and low interest loans with a good score, but premier financial products are reserved for consumers with very good or excellent credit.

A score in the top range is not out of reach. Take the time to accurately gauge your score and scrutinize your credit reports. This process will help you identify any errors or areas that need improvement. Then, work on improving your score by adopting responsible credit habits such as minimizing credit utilization, making timely bill payments, and maintaining a mix of credit types.

Achieving a status of very good or excellent credit will qualify you for loans with minimal interest rates and credit cards that come with exceptional rewards. These benefits can save you money and provide additional perks like cash back, travel points, and access to exclusive services. Moreover, a higher credit score can increase your negotiating power with lenders, allowing you to secure more favorable terms on mortgages, auto loans, and other financial products. By focusing on these strategies and consistently monitoring your credit, you can elevate your score and unlock even better financial opportunities.

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.
4. 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.
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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