Is possible a credit card? (2024)

Is possible a credit card?

You can carry a balance over a short term

Unlike some credit cards in its class, the Possible Card allows you to revolve a balance, up to a limit. The card's Pay Over Time option lets you pay off the balance over four installments if you schedule automatic payments and enroll in the app.

How does the possible card work?

You can carry a balance over a short term

Unlike some credit cards in its class, the Possible Card allows you to revolve a balance, up to a limit. The card's Pay Over Time option lets you pay off the balance over four installments if you schedule automatic payments and enroll in the app.

Does possible credit card report to credit bureaus?

Yes, Possible Finance reports your repayment habits to TransUnion and Experian, two of the major credit bureaus. It's stated on their website that your loan status from the previous month will be reported at the beginning of each month.

Should you get as much credit as possible?

There's no set amount of available credit that's good to have. In general, the more available credit you have, the better, as long as you use it responsibly. During any application process, most lenders will look at your credit utilization ratio instead of your available credit.

Is possible finance legit?

On the Better Business Bureau (BBB), Possible Finance has a score of 4.46 out of 5 stars based on 263 customer reviews. Satisfied customers said the loan process was quick, easy and convenient, while some dissatisfied customers said they were approved for a lower loan amount than they requested.

What is the highest credit limit on possible finance?

How long does possible take to process payment?

Payments made directly through your checking or savings account (via ACH) may take up to 5 business days to finish processing (not including Saturdays, Sundays, or bank holidays). For example, ACH payments made on Monday will clear the following Monday, and ACH payments made on Friday will clear the following Friday.

How much can you borrow with possible?

Possible Finance vs.

Possible Finance's APRs range from 54.51% to 240.52%. You can borrow from $500 to $4,000 with OppLoans and from $50 to $500 with Possible Finance. Possible has only one term length: two months.

Can you pay off possible loan early?

There aren't any fees for paying your loan off early. However, if you are intending to build your credit, you may want to review the article above titled Can I Repay My Loan Early? To pay your remaining balance, log in to the Possible app and follow the steps below: From the app dashboard, tap on Make a Payment.

Does possible loans build credit?

So if you're approved for one of its loans and consistently make payments on time and in full, you can build credit history over time.

What credit card has a $100000 limit?

On our list, the Ramp Corporate Card and the Chase Ink Business Premier Preferred Credit Card offer the best opportunity to access a $100,000 credit limit. Ramp determines your spending limit based on factors like your cash-on-hands and monthly expenses, while Chase uses creditworthiness to calculate your credit limit.

How can I get a 20K credit card limit?

Is 20K credit limit too much?

Yes, $20,000 is a high credit card limit. Generally, a high credit card limit is considered to be $5,000 or more, and you will likely need good or excellent credit, along with a solid income, to get a limit of $20,000 or higher.

Who owns possible finance?

Tony Huang is the Co-founder & CEO of Possible Finance, a consumer fintech company focused on improving the financial health of lower-income Americans.

What loan is like possible finance?

Dave, Earnin, MoneyLion, Chime, FloatMe, Klover, Branch, Brigit, Empower, Lenme, Payactiv, Kora Cash, CashNetUSA, Current, Cleo, and Albert are all solid choices when you're looking for apps like Possible Finance.

Which loan company is best for bad credit?

What credit score do you need for possible finance?

Possible Finance is a no-credit-check lender, so bad-credit borrowers (629 or lower FICO) and those with little or no credit history may qualify.

How to get $5,000 credit limit?

Is $3000 a high credit limit?

A $3,000 credit limit is good if you have fair to good credit, as it is well above the lowest limits on the market but still far below the highest. The average credit card limit overall is around $13,000. You typically need good or excellent credit, a high income and little to no existing debt to get a limit that high.

Why is my available credit zero after payment?

Why is there no available credit after I posted payment on my credit card? According to the Office of the Comptroller of the Currency, issuers can decide when to replenish an account's available credit. Even if you pay off your balance by the due date, it might take a few days before that credit is available again.

How do I delete a possible account?

After you have paid off your loan, you can reach out at anytime using the Contact Us form in the app to request that your account be deleted.

Can I use my credit card the same day I pay it off?

Yes, if you pay your credit card early, you can use it again. You can use a credit card whenever there's enough credit available to complete a purchase. Your available credit decreases by the amount of any purchase you make and increases by the amount of any payment.

How to get $500 instantly?

You can get a $500 loan via a personal loan, payday loan, payday alternative loan, cash advance app, or credit card cash advance. However, some options are better than others. Some small loans come with high costs that can cause financial hardship.

Are there any other apps like possible?

Consider the following alternatives to Possible Finance: Dave. Earnin. MoneyLion.

Should you pay off debt as soon as possible?

When it comes to paying down debt, you might have heard that paying off your balance as quickly as possible can help you save money in the long run. And this is often the case. If you pay off your credit card balance in full, for example, you'll save on interest charges.