Are you overpaying on your credit cards?

Use our Debt Calculator to find out!

Tally's Debt Calculator is the easiest way to discover how much you could save on your current credit card balances with a Tally line of credit. Unlock your financial future in just 90 seconds!

My credit score is

My credit card has a balance
of $ at % APR
Last month, I collectively paid
$ toward these cards.

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Calculated savings and payoff timing are only estimates, based on the information you entered.

Nashlia Nahla
★★★★★
I really really love it... I paid off my credit cards and save tun of money due to the low interest rate tally offer. I def recommend.

How does Tally work?

How does Tally work?

Tally can help you save money immediately on your high-interest credit cards and get you out of debt faster. If you qualify, we give you a credit line with a low interest rate and use it to pay off your cards. We manage all your credit cards for you. All you have to do is make one easy payment to Tally every month.

Do I qualify for Tally?

You must be 18 years old and live in a state where Tally is available. You must also have a FICO Score of 660 or higher to use Tally. We perform a soft credit check when you sign up for Tally, which means you can apply without hurting your credit score.

How much does Tally cost?

Tally is free to download, and we don’t charge any fees to use the app. To get the benefits of Tally, you’ll need to qualify for and get a Tally credit line. Depending on your credit history, your APR (which is the same as your interest rate) will be between 7.9% - 25.9% per year. And similar to credit card APRs, it will vary with the market based on the Prime Rate. (This information is accurate as of May 2020.) We make money by charging interest on your credit line — and we only make money if we can save you money.

How does Tally calculate interest?

We use the Daily Balance Method. First, we calculate your interest charge each day, multiplying your Daily Balance by your Daily Periodic Rate. (Your Daily Periodic Rate is your APR divided by the number of days in the year). Then, we add up all the daily interest charges in your billing cycle to get your total interest charge for the statement period. To calculate your Daily Balance, we take the beginning balance each day, add any new transactions made that day and subtract any payments or credits made that day. Unlike most credit cards, we don’t compound interest daily — you are only charged interest on what you borrow.

How does Tally pay my credit cards?

Tally monitors the balances, APRs and due dates on each card you register. Then, Tally uses your credit line to pay your cards in the way that will save you the most money. Payments are sent at least two (2) business days before your card’s due date to ensure payment arrives on time.

How do I pay back Tally?

You receive an emailed statement every month with the amount you must pay. You can pay anytime directly in the Tally app from your linked checking account.