Is Tally App Legit & Really Worth it?

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tally logo

Tally is a mobile money management app that aims to help people manage their finances and get out of debt. The platform claims to help people pay off their credit card debts 2 times faster. Tally works by paying off your credit card debt first, then charging you monthly payments on your debt at a lower interest rate than the bank. Thus, this enables you to save on credit card interest rates.


  • Get out of debt up to 2 times faster – Tally claims to help users save up to $4185 in 5 years by loaning them money at a lower interest rate.
  • Combine all of your payments for convenience – when you add all your credit cards and debts to Tally, you will only have to pay 1 bill each month.
  • Avoid late fees on your credit card bills – Tally pays all your credit card bills 2 days before they are due, so you don’t incur any late fees.
  • Low minimum FICO score – anyone can join the app as long as they have a minimum FICO score of at least 580, which is considered relatively low.


  • High monthly fees – the app costs $25 per month. This fee is paid annually from your credit line, so there are no out of pocket payments required
  • Not available throughout the United States – the app is not currently available in the states of Maine, Montana, Nevada, West Virginia, and Wyoming.

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What is Tally App & How Does it Work?

Tally is a mobile app that assists you with the process of paying down your credit cards. Whether you’re an iPhone or Android user, the Tally app works just fine.

Tally pledges to save your hard-earned money by giving you a lower interest rate line if you qualify. 

FICO score of 660 is all you need to qualify.

Using your FICO score, Tally saves you money by figuring out which cards have the highest and lowest APRs and lets you pay down your credit cards faster. Afterward, it bundles your credit cards into one payment that offers a lower interest rate and a late fee protection guarantee. 

What’s best about Tally is that you’ll save money immediately when Tally pays your high-interest credit cards. The app saves you money by combining all your credit cards into a single payment at a lower interest rate. 

Let’s break down how the Tally app really works in simple steps:

Step What’s Done?
1. Tally gives you a credit line Tally analyzes which credit cards you’re using and looks into your credit card profile to find the best offer for you.
2. Tally pays your credit cards The app helps you save money on your interest by using your Tally credit line. Tally also provides late fee protection, which guarantees that you never miss any payments.
3. You repay Tally every month Regardless of how many cards you have, you only make one payment to repay Tally, because Tally manages all your cards.
4. Tally keeps saving you money As long as you pay Tally back, they keep paying for your cards and saving you money until you’re debt-free.

Tally App Pricing: How Much Does Tally Cost?

The Tally app is free to download and they don’t charge any fees to use the app.

However, Tally charges you interest on the amount you borrow from them. So they only charge you when they save you money – pretty fair, right?!

Having said this, there’s no annual fee, no origination fee, no prepayment fee, no transfer fee, late fee, or over-limit fee.

But how much does tally charge you anyway? Depending on your credit history, your APR (same as your interest rate) will be between 7.9% to 25.9% per year.

Tally App Requirements

Tally requirements are extremely simple – you just need to have a minimum FICO score of 660 to use the app.

Related: 10 Credit Hack Tactics to Give You a Perfect Credit Score

How Much Can Tally App Save You?

So how much in total can I save using the Tally app, you might be wondering. The answer is, Tally can help you save an average lifetime savings of $5,300 on interest.

For example, let’s say you have a debt of $8,000 across 2 credit cards. Tally can extend your $5,000 line of credit at 11% APR, reducing the amount you have to pay on the debt long-term. In the end, you’ll make a single payment to Tally for paying for all your credit card debts.

Who is Tally App Best for?

The Tally app is best for you if you:

  1. Struggle to clear off your debts as it helps you sort out your balances on time. Tally ensures you don’t miss out on payments and avoid increased interest rates for delayed payments.
  2. Trying to build a high credit score.
  3. If you’re young, employed, and have a credit score, it would be wise to opt-in as early as possible to ensure you don’t get tangled up in high-interest credit cards and maximize your savings.

What Kind of Services Does Tally Offer?

Tally Advisor

The Tally Advisor is probably one of the reasons why you should consider Tally in the first place. It’s a built-in AI system that manages your debt by offering a monthly payment recommendation based on your spending data.

Tally Pays

Tally Pays is the service that actually solves your debt puzzle. Simply put, it pays off your issuers two days before the due date every month.

It’s more or less like paying a lower issuer to take out the debts given to you by the higher-rated issuers, got it? 

You Pay

The You Pay option helps you organize your card payments by giving you an estimated date of when the payment arrives. Alternatively, you can send the return straight to your issuer through their website or app.

Tally recommends that you pay seven business days before your due date.

Is Tally App Legit & Safe?

Yes, Tally is a completely legit app that’s safe to use. 

First of all, it has SSL encryption that doesn’t store any of your sensitive personal information and passwords. The SSL encryption also secures your accounts from third-party users. 

Moreover, the legitimacy of the company is also proven by the customer ratings on different platforms. For example, Tally has a rating of B on the BBB and has a total of 4.2 out of 5-star rating on Trustpilot

Plus, the app users seem to enjoy Tally as well as it has a rating of 4.5 on the App Store and 4.1 on Google Play. It’s noteworthy that most of Tally reviews compliment the Tally features and users mention that the app really helps them save on their credit card debts.

Where is Tally Available?

The Tally app is available in the following US states, including:

  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Washington DC
  • Florida
  • Georgia
  • Illinois
  • Idaho
  • Iowa
  • Louisiana
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Missouri
  • New Mexico
  • New Jersey
  • New York
  • Ohio
  • Oregon
  • Oklahoma
  • Pennsylvania
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Washington
  • Wisconsin

However, if you don’t reside in any of these states, you can still download the app and consider joining the waitlist. 

What Credit Cards Work with Tally?

Tally supports consolidation of credit cards from a range of banks, including:

  • American Express
  • Bank of America
  • Barclays
  • Capital One
  • Chase
  • Citibank
  • Discover
  • Fifth Third Bank
  • First Bankcard
  • PNC Bank
  • U.S. Bank
  • Wells Fargo

Tally App Features

Tally Credit Card Manager

Depending on the number of credit cards you have, Tally makes them easily manageable despite their APRs and balances. 

Moreover, they clear all of the card balances on time.

Debt Manager

This feature tracks your spending habits, analyzes your balances and recommends a payment that will get you out of debt within the shortest time possible.

The Tally advisor personalizes your plans depending on your preferences. 

Late Fee Protection

All credit cards signed-on Tally are registered with the late fee protection feature. Even if you haven’t made a payment, Tally settles the minimum payment amount for every account on your behalf. 

Line of Credit

Once you’ve registered your cards, Tally transfers your high APR balances to a Tally Line of Credit. As your APR gets lower on this Line of Credit, your savings can settle other outstanding credit card balances. 

Save Money on Interest

Tally makes it easier for you to come up with the quickest way of getting out of debt. Since you don’t spend on extra charges incurred through late and delayed remission, you’re in fact maximizing your savings.

Tally App Debt Calculator

Tally gives you the chance to calculate the amount of interest you spend on your credit cards through the Debt Calculator. 

You’ll get a series of 3 questions:

The first question Tally asks you is your credit card score. If you’re above 660, you stand a chance to qualify. Anything below this score won’t get a green light for a Line of Credit. 

The second question is about your credit card balance and its APR. 

Finally, you need to provide the amount of collective payments settled to your cards in the past month.

After answering these 3 quick questions, you’ll receive your estimated amount of interest on your given accounts.

Tally App Customer Service

When the question of finance arises, it’s always necessary to have an effective avenue to reach out to your service provider. I bet you agree. 

Tally provides an email address with a customer service team available during the weekdays from 8 am to 5 pm.

So whether you have a question or faced an issue of any kind, you can contact the Tally app customer service via email at [email protected].

Tally App Pros & Cons


  • Easy management of different credit cards – depending on your credit card issuers, their APR, and amount, Tally will make it easy for you to organize them in one place.
  • One monthly credit card bill – regardless of the number of your cards, one payment covers them all. 
  • Late fee protection – Tally will settle your payments 2 days before your due date, so you don’t get charged an overdue fee.
  • Tally recommends a personalized payment plan based on your spending habits.


  • A Minimum Score of 660 to qualify for the Tally app
  • It’s only available in 31 US states

Tally App Alternatives

Tally App vs. Balance Transfer

One of the most common alternatives to consolidating your payments and getting out of debt faster is a balance transfer credit card. However, while Tally manages everything regarding your credit cards, opting in for the balance transfer option you’ll have to do it all yourself. Plus, it usually comes with an additional fee of 3% to 5%.

Tally App vs. Earnest

Earnest is one of the best alternatives to the Tally app as the 2 apps offer quite similar services. However, unlike the Tally app, which is good to use for anyone, Earnest is focused on students. Accordingly, Earnest provides services to help you pay off your student loan faster and more conveniently.

Tally App vs. Credible

Credible is an online platform helping you to get the best rates to refinance your student loan. However, unlike the Tally app, Credible doesn’t manage your credit card fees and due dates. It only helps you find the lowest interest rates to pay off your student loans.

Tally App vs. Digit App

Digit App Summary

  • Helps you save money automatically and pay off debts efficiently
  • Offers overdraft protection
  • Savings bonus of 0.10% annually when you save consistently
  • Your funds are insured by the FDIC (up to $250,000)

A similar site to the Tally app is Digit app. It analyzes money coming in and out from your bank accounts. Based on your personalized savings controls, Digit app will let you know when and how much you can spare.

Is Using the Tally App Worth it?

Reviewing all the features the Tally app provides, along with its pros and cons, I’d say it’s worth using Tally if you’re tired of managing all your credit card debts.

But if you enjoy paying off your credit cards in full each month and never forget the due date, Tally may not be big of a value for you. 

So whether it’s worth using the Tally app to manage your credit card debts comes down to your personal preferences and financial behaviors.

Tally FAQ

What Credit Score Do You Need for Tally?

To qualify for Tally, you have to score at least 660 on the FICO score.

Does Tally Affect Your Credit Score?

Tally does not affect your credit score. It pays off high credit card APRs using a low APR line of credit reducing your interests and maximizing your savings.

How Do I Pay Back Tally?

Each month, Tally sends you an email with a statement having the amount you’re supposed to bill. You pay directly to their account through a checking account. 

Can I Cancel Tally?

Absolutely! Just contact Tally at (866) 50-TALLY or [email protected] to get your membership cancelled.

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