792 Credit Score: Is It Good or Bad?

A 792 credit score is considered very good and grants you access to some of the best financial products on the market. With this impressive score, you have an excellent chance of being approved for top-tier personal loans and credit cards that offer lucrative rewards. While guaranteed approval is a myth, a very good credit score undeniably tilts the odds in your favor, making you a desirable candidate for lenders.

Your score is significantly higher than the national average, indicating that you are managing your credit responsibly but haven't yet reached the highest echelons. To maintain and potentially improve your score, it's crucial to understand what this number entails and how you can push your credit score even higher.

What kind of credit score is 792?

Lenders consider any credit score between 740-799 as very good, and about 21% of Americans have achieved this benchmark. This score range is highly attractive to most lenders because it labels you as a low-risk borrower. It indicates that you will likely pay your bills on time, keep your debt levels low, and make sound financial decisions.

A 792 credit score demonstrates to lenders that you are trustworthy and capable of repaying the money you borrow. As a result, lenders do not feel the need to hedge their bets with additional fees or require security deposits, as they might with consumers who have poor credit. Instead, with a very good credit score, you are likely to qualify for premium rewards credit cards and loans with low-interest rates and flexible repayment terms.

A very good credit score opens the door to some of the best financial products available. This includes access to top-tier personal loans and credit cards that offer significant rewards and benefits, such as cashback, travel perks, and higher credit limits. While there is no such thing as guaranteed approval, a score in this range certainly improves your chances significantly.

Getting a credit card with a 792 credit score

Sporting a 792 credit score places you in a coveted spot for credit card acquisition. You will likely qualify for most cards, including those with superior rewards, minimal interest rates, and top-tier perks. Issuers of credit cards highly favor applicants within this score bracket, allowing you the luxury to pick and choose cards that most suitably match your financial aspirations and spending patterns.

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With a very good credit score, you will have your choice of rewards cards. Popular types of rewards cards include:

Cash Back Cards: Cash back cards are an excellent choice for those who prefer straightforward rewards. These cards offer a percentage of cash back on every purchase, typically ranging from 1% to 5%. Some cards provide higher cash back rates for specific categories like groceries, gas, or dining. For example, a card might offer 3% cash back on groceries, 2% on dining, and 1% on all other purchases. These cards are perfect for everyday spending and are easy to manage, as the rewards can often be redeemed as statement credits or deposited directly into your bank account, making them highly convenient and beneficial.

Points Cards: Points cards allow you to earn points for every dollar spent, which can be redeemed for various rewards, including merchandise, gift cards, travel, or even cash back. These cards often come with sign-up bonuses, enabling you to earn a large number of points by spending a certain amount within the first few months. Points cards are ideal for those who enjoy the flexibility of choosing different types of rewards based on their needs. They offer a versatile way to maximize the value of your spending, catering to diverse preferences and financial goals.

Miles Cards: Miles cards are specifically designed for travelers, offering miles for purchases that can be redeemed for airline tickets, hotel stays, and other travel-related expenses. Each dollar spent earns a certain number of miles, and some cards provide bonus miles for purchases made directly with airlines or travel partners. These cards are particularly beneficial for frequent flyers looking to reduce travel costs, as accumulated miles can significantly offset the price of travel. Additionally, miles cards often come with travel-related perks like priority boarding, free checked bags, and access to airport lounges, enhancing the travel experience.

Co-Branded Cards: Co-branded cards are issued in partnership with specific retailers, airlines, or hotel chains, offering enhanced rewards for purchases made with the co-branding partner. For instance, an airline co-branded card might offer additional miles for airline purchases, priority boarding, and free checked bags. Similarly, a hotel co-branded card could provide free hotel stays, room upgrades, and other exclusive benefits. These cards are best suited for loyal customers of the brand offering the card, as they can maximize the rewards and perks offered, providing significant value and enhancing their overall experience with the brand.

Travel Cards: General travel cards are versatile options that provide rewards for a wide range of travel expenses, including flights, hotels, car rentals, and more. These cards often offer travel-related perks such as travel insurance, no foreign transaction fees, and access to airport lounges. Additionally, some cards provide bonus points or miles for travel-related purchases, enhancing their value. Travel cards are ideal for frequent travelers who want flexibility in how they redeem their rewards, allowing them to maximize benefits and enjoy a more comfortable and cost-effective travel experience.

Business Rewards Cards: Business rewards cards cater to business owners by offering rewards for business-related expenses such as office supplies, advertising, and travel. These cards can provide cash back, points, or miles, and often include useful features like expense tracking, employee cards, and higher credit limits. Additionally, they help businesses manage their expenses more efficiently while earning valuable rewards. By using a business rewards card, you can maximize your spending benefits and reinvest the rewards into your business, enhancing your overall financial management and operational efficiency.

Balance Transfer Cards: If you're managing significant debt, a balance transfer card with a 0% introductory APR can be a lifesaver. These cards allow you to transfer existing high-interest debt to the new card and pay it off without interest for a set period, typically 12 to 18 months. This can save you a substantial amount in interest and help you become debt-free faster. However, balance transfer cards usually charge a transfer fee, typically 3% to 5% of the transferred amount, so it’s important to calculate if the savings outweigh the cost.

Having a 792 credit score allows you to choose from various rewards credit cards. Whether you prefer cash back, points, miles, or co-branded rewards, there is a card that can suit your needs. It’s important to assess your spending habits and financial goals to select the card that will provide the most value.

Getting a personal loan with a 792 credit score

Securing a personal loan with a 792 credit score should be a relatively smooth process. Most lenders do not require a score higher than 740, so you’re very unlikely to be rejected due to your credit score. Lenders view you as a prime candidate for loans due to your high score, offering you favorable terms and lower interest rates. Whether you're financing a large purchase, consolidating debt, or covering unexpected expenses, your excellent credit score will serve as a significant advantage.

With a very good credit score, you will have your choice of loans and lenders. Whether you need a loan to purchase a house, finance a car, or consolidate debt, your score puts you in a very good position to get the best rates and terms available. Take a look at your local credit union or a bank you already have a relationship with to see what they offer you. You can also explore online lenders and loan marketplaces that typically offer fast funding and a streamlined application process.

A few popular loan choices include:

Personal Loans: Personal loans are versatile and can be used for various purposes, including debt consolidation, home improvement, or major purchases. With a 792 credit score, you can expect to qualify for the best interest rates and terms available. These loans typically have fixed interest rates and fixed monthly payments, making them easy to budget for over the life of the loan. This predictability and flexibility make personal loans an attractive option for managing significant expenses while taking advantage of favorable financial conditions.

Debt Consolidation Loan: A debt consolidation loan combines multiple debts into a single loan with one monthly payment, often at a lower interest rate. This type of loan can simplify your finances and help you pay off debt faster. By consolidating high-interest credit card balances or other loans, you reduce the total interest paid and improve your ability to manage repayments. For those with a high credit score, debt consolidation loans can offer favorable terms and lower rates, making them an effective tool for achieving financial stability and reducing overall debt.

Business Loans: If you are an entrepreneur or a small business owner, a business loan can provide the capital needed for expansion, equipment purchase, or operational expenses. Your high credit score will make it easier to secure a business loan with favorable terms. Business loans come in various forms, including term loans, lines of credit, and SBA loans, each catering to different business needs. These options offer flexibility in managing your business finances and can help you achieve your growth and operational goals efficiently.

Secured Loans: Secured loans require collateral, such as a car, home, or other valuable asset, to guarantee the loan. This type of loan often comes with lower interest rates and higher borrowing limits compared to unsecured loans, as the lender has a tangible asset to claim if the borrower defaults. Common types of secured loans include mortgages, auto loans, and home equity loans. For borrowers with a high credit score, like 792, securing a loan with collateral can further enhance the chances of obtaining favorable terms, making it an attractive option for significant financial needs.

Auto Loans: Financing a vehicle with a 792 credit score will generally result in access to the lowest interest rates and the best loan terms. Whether you're buying a new or used car, your excellent credit score will give you leverage to negotiate favorable terms. Auto loans can have varying lengths, typically ranging from 36 to 72 months, and your high credit score can help you secure lower monthly payments. This can make your vehicle purchase more affordable and allow you to manage your finances more effectively.

Mortgages: When it comes to purchasing a home, a high credit score is crucial. With a 792 score, you can qualify for the lowest mortgage rates, potentially saving you thousands of dollars over the life of the loan. Various types of mortgages are available, including fixed-rate mortgages, adjustable-rate mortgages (ARMs), FHA loans, and VA loans. Your excellent credit will give you the flexibility to choose the best mortgage product for your situation, allowing you to secure favorable terms and make homeownership more affordable.

Cash Advances: Cash advance apps offer a quick and convenient way to access small amounts of money before your next paycheck. These apps typically provide advances without the high fees and interest rates associated with traditional payday loans. Instead, they may charge a small flat fee, request a voluntary tip, or require a subscription to use. In addition, most will charge a fast funding fee if you need the money in minutes. While these apps can be helpful in managing short-term financial needs, it's important to use them responsibly to avoid dependency and ensure they complement a healthy financial plan.

Prequalifying and Comparing Offers: Before committing to any loan, it’s wise to prequalify and compare offers from at least three different lenders. Prequalification involves a soft credit check, which does not impact your credit score and provides an estimate of the loan terms you might qualify for. This step helps you understand your options and compare interest rates, loan amounts, and repayment terms across various lenders. Using online comparison tools and consulting with financial advisors can ensure you’re getting the best deal possible. This careful approach helps you make an informed decision and secure the most favorable loan terms.

Your 792 credit score positions you favorably across various types of loans. Whether you need a personal loan, business loan, auto loan, mortgage, or even a cash advance, your high score will help you secure the best terms and interest rates on the market. Always take the time to prequalify and compare offers to maximize your financial benefits and choose the loan that best fits your needs.

Take your 792 credit score with a grain of salt

While a credit score of 792 certainly merits recognition, maintaining such a score requires ongoing vigilance with your finances. Credit scores are dynamic, and ensuring your score remains high or even increases demands consistent, responsible credit behavior. Additionally, keeping an eye on your credit report for any errors or unauthorized activities is vital, as these issues could detract from your credit rating.

Though your credit score is in the very good range, lenders also evaluate other factors, including your income, employment history, and debt levels. Even with a stellar credit score, loan applications can be declined if your debt-to-income ratio is too high or if you've recently opened multiple new credit accounts. These factors can signal potential financial instability to lenders, marking you as a higher risk.

It's also important to remember that your credit score is just one piece of the lending puzzle. While celebrating your high score is important, it's essential to recognize that lenders look at the overall picture of your financial health. Maintaining steady employment, managing your debt wisely, and demonstrating a stable income are all crucial aspects that lenders consider.

By staying diligent and monitoring all aspects of your financial health, you can ensure that your high credit score continues to work to your advantage, opening doors to the best financial opportunities available.

How can I get my score even higher?

A very good credit score already separates you from those with bad credit, granting you access to superior credit products. Yet, you’re not at the top. Maintaining responsible credit habits and allowing time to work its magic are essential for climbing to the top credit score tiers.

How Scores Are Calculated

Understanding how credit scores are calculated can help you focus on the most impactful areas. There are multiple credit scoring models. Lenders are more apt to use FICO by the Fair Isaac Corporation, but VantageScore by the three national credit bureaus - Experian, Equifax, and TransUnion - is growing in popularity. No matter which scoring model you use, your score is likely to be extremely similar and fall in the same range.

Credit scores are typically calculated based on the following factors:

Payment History (35%): Your history of making on-time payments is the most significant factor. Even one missed payment can lower your score.
Credit Utilization (30%): This is the ratio of your current credit card balances to your credit limits. Lower utilization rates are better.
Length of Credit History (15%): A longer credit history increases your score. This includes the age of your oldest account, the age of your newest account, and the average age of all your accounts.
Credit Mix (10%): Having a mix of credit types (e.g., credit cards, mortgage, auto loans) can positively impact your score.
New Credit (10%): Frequent applications for new credit can lower your score due to hard inquiries.

Tips for Achieving an Exceptional Score

To achieve an exceptional score, bear in mind:

Regularly Review Your Report: Regularly checking your credit report is crucial for maintaining a high credit score. Reviewing your report allows you to spot and dispute any errors or signs of fraudulent activity that could harm your score. It also helps you stay informed about your credit status and understand the factors influencing your score. Aim to check your report at least once a year through annualcreditreport.com.

Opt for Autopay: A slip in memory can happen to anyone, even those with a strong payment history reflected by a 792 score. Setting up autopay can cover your full balance or the minimum due, ensuring you never miss a payment. This reliable method helps maintain your excellent credit score and avoids late fees or negative marks on your credit report.

Tighten Credit Utilization: While maintaining credit utilization at 30% is commendable, aiming for less than 10% can further strengthen your credit profile. However, don’t reduce your utilization to 0%, as you need to use credit to build and maintain your score. Regular, low-level use of credit demonstrates responsible financial behavior and can significantly boost your creditworthiness.

Make Additional Payments: Paying off your balances throughout the month, in addition to the due date, can help keep your credit utilization low throughout the billing cycle. This practice ensures that your credit card balances remain low when reported to the credit bureaus, which can positively impact your credit score. Regular mid-month payments demonstrate consistent financial responsibility and can contribute to an exceptional credit profile.

Don’t Shut Down Old Accounts: It may feel intuitive to close unused accounts, but doing so can inadvertently hurt your credit score by increasing your credit utilization ratio and shortening your credit history. Unless there are significant fees associated with the accounts, it's better to keep them active. Maintaining these accounts helps demonstrate a longer credit history and lower utilization, both of which positively impact your credit score.

Limit Credit Applications: Excessive credit inquiries can signal financial instability to lenders, potentially lowering your credit score. To protect your high score, apply for credit only when necessary. Each hard inquiry can have a minor impact on your score, so being selective about when you seek new credit helps maintain your strong credit profile and assures lenders of your financial stability.

Age Your Credit: Lenders value long credit histories because they provide detailed insights into your financial behaviors. Most consumers with scores of 800 or more have a long-standing credit history, typically around 10.5 years. This extended history demonstrates consistent, responsible credit management, which reassures lenders of your reliability and ability to manage credit over time, contributing to higher credit scores.

Maintaining and Enhancing Your Score

Adhering to these guidelines maintains and can significantly enhance your credit score. Consistent, responsible management of your credit accounts is key to reaching and sustaining an exceptional credit score. By optimizing your payment habits, managing credit utilization, maintaining long-standing accounts, and being reasonable with new credit applications, you can work towards achieving an outstanding credit score and enjoying the financial benefits that come with it.

Next Steps for your 792 credit score

Generally speaking, with a 792 credit score, you’re qualified for the best financial products on the market. You can be satisfied with what you’ve achieved and focus on maintaining your positive financial habits. However, if you aspire to bring your score as high as it can go, reaching the elite 800s can bring a sense of accomplishment and the prestigious label of being exceptional.

To get there, continue practicing your good credit habits. Always pay your bills on time, as this is the most significant factor in maintaining and boosting your score. Work on paying down any existing debt to reduce your credit utilization rate; aim to keep it below 10% for maximum benefit. Try to pay your balances in full each month to avoid interest charges and demonstrate responsible credit use.

Additionally, be mindful of how often you apply for new credit. Each application results in a hard inquiry, which can temporarily lower your score. Space out credit applications to minimize their impact.

Patience is essential. Achieving an exceptional score takes time, as the length of your credit history is a significant factor. Keep your accounts open and active, avoid unnecessary closures, and allow your credit history to mature. With diligence and time, you can achieve the satisfaction of an exceptional credit score.

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.

* EarnIn is not available for Connecticut residents

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.

Related scores

786 787 788 789 790 791 793 794 795 796 797 798

This content is general in nature and is provided for informational purposes only. MoneyFor is not a financial advisor and does not offer financial planning services. This content may contain references to products and services offered through MoneyFor marketplace.

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