Our mission is to make you less stressed and better off financially. We only make money if we can save you money, and one of the ways we help you save is by making sure there are no credit card late fees on your accounts.
Don't worry, checking won't hurt your credit score
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We can’t stand credit card late fees. That’s why all of the credit cards you register with Tally are automatically enrolled in our late fee protection. We know you work hard for your money, which is why the Tally system has automated late fee protection.
Tally provides late fee protection to every customer. Once a month, we check each of your credit card accounts to ensure you’ve satisfied your minimum payment amounts. If you haven’t made a payment, we make the minimum payment on your behalf using your Tally line of credit.
Even if you use your entire Tally line of credit one month, we’ll advance you the money to pay at least the minimum amount due on each of your credit cards, as long as your account is in good standing. We won’t charge you credit card over limit fees, either, and your advance is included in your next monthly payment to Tally.
Tally makes sure you never miss a credit card payment. If Tally makes the minimum payment on your behalf one month, all we ask that you pay Tally back that minimum amount, plus accrued interest, by your next Tally due date.
We require you to pay a monthly amount based on how much you borrow from Tally. First, we ask you to repay the minimum payments we made to your credit cards that month. Then, we ask you to pay interest based on your APR. Finally, we ask you to repay 1 percent of the total amount you borrowed from us to ensure you’re making progress toward paying down your Tally balance. Your minimum payment will be at least $25 unless your balance is below $25.
This is a good thing. Issuers usually won’t charge you interest as long as you pay your statement balance in full every month. If you always pay in full, Tally won’t be able to save you money on interest charges. To save the most money, we recommend setting these cards to “You Pay” and disabling Tally’s Late Fee Protection if you have a good track record of paying on time. If you know you won’t be able to pay off your statement balance in full, set your card to “Tally Pays.” We’ll take care of your payments.
You can still add your cards to the Tally app. There aren’t any savings on interest, but you’ll have the benefit of easy, consolidated credit card management. If you add a well-managed card to Tally, it should be set to You Pay. You’re also automatically enrolled in Tally’s late fee protection, where you can enjoy freedom from late fees.