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FAQ - Credit Reporting

From which date will EarnIn start reporting my credit information to the bureau?

Here’s when EarnIn began reporting credit information to the three credit bureaus:  

  • Equifax: September 16, 2024 
  • TransUnion: February 20, 2025
  • Experian: March 20, 2025

Will closing my card affect my credit score?

If you close your card, it could negatively impact your credit score. Closing a credit card could change your debt to credit utilization ratio, which may impact credit scores. Closing a credit card account you’ve had for a long time may impact the length of your credit history. 

Learn more: How Closing a Credit Card Account May Impact Credit Scores

How can EarnIn Card help build my credit?

On-time payments make up 35% of your credit score (See how your credit score is calculated at MyFico). With EarnIn Card, you’re able to establish credit history simply by making everyday purchases and on-time payments. It helps the bureaus see that you demonstrate creditworthiness over time. By responsibly using EarnIn Card, you establish a positive payment history and gradually improve your credit score. 

On-time payment history can have a positive impact on your credit and late payments may negatively impact your credit. Impact on your credit may vary, as credit scores are independently determined by credit bureaus based on a number of factors including the financial decisions you make with other financial services organizations.

Learn more: How can EarnIn Card help build my credit?

What information does EarnIn report on for EarnIn Card?

Below are some examples (not all) of fields that EarnIn reports:

  • Account status: This is a reflection of whether or not you paid last month’s balance.
  • Actual payment: The amount of the monthly payment received for the billing cycle.
  • Amount past due: The balance not paid off from the prior month. If you paid off the last statement in full, your account will be reported as current.
  • Credit limit: The amount of credit you have available to use, rounded up to the nearest $500. EarnIn Card doesn’t have an assigned limit because the limit depends on your secured cash balance and earnings, which can vary across community members.
  • Current balance: The amount you’ve spent since the last statement plus any outstanding balance owed, if any.
  • Date of account information: Payment information is typically reported the day after the close of the billing cycle.
  • Date of first delinquency: The date an account becomes 30 days past due.
  • Highest credit: The highest amount you’ve spent over the past billing cycles.
  • Payment history profile: Up to 24 months of prior payment activity.

Which credit bureau does EarnIn report to for EarnIn Card?

EarnIn reports to Equifax, TransUnion, and Experian. 

When does EarnIn report on EarnIn Card?

EarnIn reports to the three credit bureaus every month. Credit bureaus can take a few weeks to process reports so you may not see the changes until later in the month.

How do I file a credit reporting dispute?

We recommend filing a dispute directly through the credit bureaus for a speedy resolution. 

EarnIn is a financial technology company, not a bank. Banking Services are provided by Evolve Bank & Trust, Member FDIC. EarnIn Card and Secured Account is issued by Evolve Bank & Trust, Member FDIC pursuant to a license from Visa USA Inc.