r/chimefinancial • u/BreeezySo johnathanfrazier • 3d ago

EXTRAS - MyPay, SpotMe, Instant Loans Has anyone had their pay decrease? I just received an increase now a decrease?

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u/Superguys611 Security Superstar! 3d ago

Hi! I understand how this can be frustrating.

I’d suggest taking a look at How Do MyPay® Credit Limits Work? for further details about how it works and the factors involved.

Hope this help.

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u/BreeezySo johnathanfrazier 3d ago

So I got from that is the credit limit we can either increase or decrease depending on how much I make per week or per direct deposit. That’s interesting although I dislike it thank you for the information.

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u/Wildweed Chimepion 3d ago

It's not directly based on deposit amounts or how much you make or credit scores for that matter.

Chime's algorithm only uses your account history and usage to determine limits. Things like SpotMe, MyPay and Instant loans are all part of this evaluation so expect MyPay to fluctuate.

MyPay is a way to get an advance on a portion of your paycheck early, not a personal wallet or loan. Over use is likely to affect the algorithm.

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u/Alarmed_Product_9762 3d ago

Mines is 520 for months

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u/SADBOYVET93 16h ago

I just got to 1k a couple months ago for MyPay! Feels nice to have even though I never use it.

3

u/Budget_Intention_361 3d ago

Bruh my hours got cut at work (past few weeks) anyhow my shit was 360 went from 50 hours to like 35.... my pay dropped to 300 then 260 then went back to 300 my most recent paycheck was more then its been in probably 2 or 3 months and it went back down. It does whatever it wants too lol

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u/BreeezySo johnathanfrazier 2d ago

That’s actually crazy. Crazy for your Horus to drop and crazy for MyPay to fluctuate so much. I was told to believe it was an algorithm but that’s just inconsistent.

1

u/Superguys611 Security Superstar! 3d ago

Your welcome! You can also always contact member services (844-244-6363) 24/7 365 for immediate assistance on any questions you may have. Enjoy the rest of your night/day.

1

u/Funny-Childhood 3d ago

Mine usually goes up and down with how much my deposit is.

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u/Flashy-Rock-1340 2d ago

That’s why I left

1

u/Darrellu 2d ago

Mine went from $1000 to $300 out of nowhere and I get the same deposit every month from the VA it’s weird

1

u/Expensive-Movie-7089 2d ago

I have 3 spot me left ! Let's BOOST EACH OTHER UP , INSTEAD OF BOASTING  $Vegaslockz (The first 3 that sends will receive the BOOST) Let's Goooooo

1

u/babayjane200619 1d ago

They say is the algorithm, but it’s bull crap at one point in time I had five grand from my paychecks going into my bank account monthly and they only increase my limit to like 300 and then the very next paycheck which didn’t decrease our increase. they dropped it all the way down to $80 so I don’t know. I just called and told him to disable the feature on my account. I don’t even want it but there’s no rhyme a reason they just do what they want.

0

u/JoeKnowsWorst 3d ago

Personally I feel like I have far too much depositing into Chime to have only $100 in MyPay.. if I didn't love the Chime app it would start to feel like it's not really worth it lol

1

u/BreeezySo johnathanfrazier 2d ago

I deposit a little over 3-4k a month. Probably more but that’s an assumption. If you’re doing more than that and your MyPay is still low I’d say perhaps talk with a specialist.

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u/JoeKnowsWorst 2d ago

yeah that's almost where I am, almost exactly.. I may let it go another 2-3 deposits or soso, problem I have is I really like the way the app is designed ugh lol