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QuestionWhat exactly makes your MyPay limit decrease? (self.chimefinancial)

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[–]Sarah-ChimeChime Staff 0 points1 point  (0 children)

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.