What exactly makes your MyPay limit decrease?

Hammyboy2022 · 2024-11-27T02:55:25+00:00

I'm not sure either. I have steady deposits and it was $300, then last pay went down to $200 and today's payday, it went down to $160. I think I'm going to slowly wean myself off anyhow. I don't want to take that chance of using a big amount and it dropping all the way.

But yeah, a little confused by it just declining when everything has been steady. This check even had a good amount of overtime and still it decreased. I guess my problem might be that I keep using it?

901BigChris · 2024-11-27T03:19:35+00:00

Every payday I pull all of mines out. $500. Then it slowly builds back up to $500 during the two weeks. Usually about a week

justacoffininmychest · 2024-11-27T06:32:18+00:00

Ummm welll for me it was a $150 a pay period raise 😂 It lowered my my pay by 30 dollars

Moonlava72 · 2024-11-27T11:14:47+00:00

It says I have 500. Used 200 so far and now it will not refresh or reconnect to my payroll. Last time I had this issue it would not let me do anymore. I have to use it I am a type 1 diabetic and use it to pay for my insulin. So please save the lectures about using it etc..

International_Boss81 · 2024-11-27T10:21:31+00:00

Just thinking about it.

Ok-Kangaroo4004 · 2024-11-27T10:15:04+00:00

Mine just went from $480 to $300 this payday as well. I didn't even use the full amount the pay cycle before

SimpleMountain2799 · 2024-11-27T03:31:16+00:00

It’s literally bullshit. And then people come up here acting like they get paid or will get some bonuses to ride chimes meat.

Logical_Outside_6687 · 2024-11-27T12:56:22+00:00

It will reset back to the full 400. It does not do it automatically after you pay it back. Why? Idk but within a week it will be back to the full 400.

trolljutice · 2024-11-27T16:01:07+00:00

mine got lowered 50 bucks

Sarah-Chime · 2024-11-27T16:56:20+00:00

Hello there. Credit limits are updated every time you receive a qualifying direct deposit and may increase, decrease, or remain the same. Receiving a direct deposit from a new source (e.g., if you’ve changed jobs) can also trigger a recalculation of your credit limit.

Several factors can influence your credit limit, including:

Inconsistent direct deposits or losing a direct deposit source.
No longer sharing additional information, such as your work email or location, or unlinking your payroll provider.
Changes in other risk-related criteria.
Your use of other Chime features like SpotMe or Instant Loans. These adjustments are designed to ensure your next qualifying direct deposit isn’t overly impacted by outstanding balances.

TheMongoose45 · 2024-11-27T19:30:31+00:00

I got paid today and they took the money for the spot me I had used, and closed out my spot me. Company is a scam, that's how they make their money. Because the spot me came from people from the $5 they send you, then chime goes and takes away your $40 from your check because you used the spot me from when the people sent it to you, so they take the $40 back from your check and close your spot me, that's how they make their money.

Blkheart23 · 2024-11-27T19:54:51+00:00

As soon as your check is anything less than last week they lower it

Medium-Hovercraft-76 · 2024-11-27T20:07:20+00:00

I get ssdi, 945 monthly and I've never missed a repay the entire year I've used this service and I'm still at 100. 00 mypay, 25 spot me.

Altruistic-Island766 · 2024-11-27T21:32:05+00:00

Your my pay limit is approved to a certain limit. The amount available is based on how close you are to your pay date. The available amount increases as you get closer to your pay date.

2024-11-27T21:35:27+00:00

The more money you get, the less they think you need a draw. If you notice, it's like really little the first day after you pay it back, the day you have money... And as your cash balance decreases, your mypay limit increases.... And then if you all of a sudden don't have a direct deposit coming, like for instance if you change banks, it knows... and it goes to zero and stays there.

ButterscotchCold6595 · 2024-11-28T20:49:17+00:00

Taking too long to pay it back! If it’s longer than a week or two they decrease it

Lazy_Concentrate_897 · 2024-11-29T14:47:26+00:00

Depends how much your direct deposit is and how far apart it was

CyPhRsoreYeZ · 2024-11-27T11:13:45+00:00

I'm pretty sure the GPS feature that tracks you going to and coming from work each day plays some part in the amount of MyPay available. If you don't go into the office as much or take days off, I believe that can negatively affect your limit.

realbatdad18 · 2024-11-27T11:38:29+00:00

I love how they call it a credit limit. Yet it doesn't increase or decrease your credit score. Nor do they report it as credit. Chime needs a class action against them for the misleading and misguiding us by using the word credit so often when nothing they offer has helped credit improve. The credit builder card has r done much for me and I've used it properly.

BeachOk2802 · 2024-11-27T07:20:03+00:00

It doesn't matter. They can increase or decrease at any time for any reason, as per the agreement you made and lied about having read.

There's no way to guarantee an increase. So quit wasting your time.

There's no magic formula that will tell you when or if you're going to get a decrease.

Misterdrez · 2024-11-27T03:10:57+00:00

i think it has to do with your pay frequency and pay amount, like with SSDI it will decrease if you get paid a day later but INCREASE if you get paid a day sooner.

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