Tally Credit Card App Review – Find Out If You’ll Benefit From this App

Find out what benefits the Tally App will provide to users interested in paying down credit card debt. A few main features of the app will be covered.

This Tally Credit Card App Review will cover many of the features Meettally.com has to offer.

Tally (Tally Technologies, Inc.) created this app aiming to let users conquer their credit card debt.  They tout it as being the “world’s first automated debt manager”.

Founded by Jason Brown and Jasper Platz in 2015, they received $2 million in seed funding from Aileen Lee (founder of Cowboy Ventures) which got the ball rolling.

They’re based in San Francisco, California, and have since received more funding from venture capital firms like Shasta Ventures, Kleiner Perkins and Sway Ventures.

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Tally Credit Card App Review

Meet the solution for credit card debt

With Tally, you are still using credit cards for rewards, but taking away the stress of payments, late fees and penalties. – Jason Brown

MeetTally.com takes care of credit card payoffs. You simply consolidate all your credit card accounts (you can either scan your cards or enter them manually) and allow the Tally app to schedule and make payments.

They give you a credit line with a variable APR (7.9% to 25.9%) which they use to pay off balances. They describe their debt managing app as being a “robo-advisor for credit card debt”.

Your monthly payments to Tally will include:

  • The minimal balance of each registered card,
  • Also, the interest owed to Tally
  • and an extra 1 percent to ensure users are making progress in reducing debt load.

Qualifying for the Tally App

In order to be approved for the line of credit, you’ll need a FICO score of at least 660. The app itself is free to download and the only charge you’ll have is the APR.

They perform a soft credit check so it will not hurt your score when you apply.

Other factors they consider before approving aside from credit score include:

  • Spending habits
  • Outstanding balances
  • Interest rates

Once approved, you can begin using the app to manage your credit cards and debt.

Who is Tally good for?

If you meet the qualification standards, have an excess amount of credit card debt among many different cards, you may benefit from Tally’s service.

Keep in mind that Tally will not always offer a lower interest rate than what you’re currently paying. If that’s the case, it’d be better to set up automatic payments with that card.

Also, Tally is only available in a certain number of states which you can find below.

Reviews of the Tally App

Tally has been featured in some popular magazine and sites such as Forbes, The New York Times, CNBS and Tech Crunch. And it generally receives positive ratings from users.

Many of the negative reviews in the Google App store involve not being approved for an account, technical issues (not being able to scan cards, wrong login credentials, etc) and not accepting certain credit cards.

Main features of the Tally app

Late Fee Protection: Every credit card registered with Tally is automatically enrolled in late fee protection. They analyse every account ensuring balances are paid before due dates. That means you’ll never have a late fee.

Managing Credit: With this company, they make it convenient to manage credit card debt in one simple easy-to-use app. If you have multiple credit accounts, this could be a useful service.

Is it available everywhere?

Unfortunately, this app is only available in some states of the USA. The states where this app is available for use include:

  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Florida
  • Idaho
  • Illinois
  • Iowa
  • Louisiana
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Missouri
  • New Jersey
  • New Mexico
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Washington
  • Washington, D.C.
  • and Wisconsin

Will my Credit Score Increase?

This app can boost your credit score as it makes timely payments to each account before due dates.

Payment history accounts for 35% of your FICO score and credit utilization (the percentage of your credit limit that is used) accounts for 30% of your score.

As long as you’re able to make regular, timely payments to Tally, your score should improve.

Credit Card Debt

Credit card debt is really a serious source of frustration and annoyance. In the second quarter report of 2018, Americans held a total debt amount of $1.027 trillion.

This situation exists because 15% of the families in America spend more than they earn in a month. An of that amount, almost half (43%) use credit cards to cover the difference.


Lastly, your data is protected as it reaches from one channel to another through SSL encryption. It doesn’t store any data on your phone.

It only gains by serving customers safely in such a way that streamlines credit card debt payoff.

Checking the app, we realized it’s important to share the Tally Credit Card App Review to aware the readers.

Try this app for living a stress-free life without caring for your debts.

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Tally Credit Card App Review
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