Nyble offers a credit-building line between $30 and $150 with no interest. On-time payments are reported to the credit bureau on a monthly basis. However, missed payments can end up hurting your credit score too. Find out if the Nyble app is right for you.

Nyble, a fintech company launched in 2022 and based in Toronto, offers a range of credit monitoring and building products to help Canadians improve their credit scores.

With no prior credit required, Nyble is a strong option when you need to build your credit score or borrow money to cover small expenses with no interest and access to your credit score (which you can check any time).

However, both on-time and late payments are reported, so failing to make your repayments on time can worsen your credit score.

So is Nyble an effective way to build your credit score?

Read on for our in-depth Nyble app review.

Pros Cons
Easy way to build credit history On-time AND late payments are reported to the credit bureau
May build your credit score Credit line may be a small amount only
No interest (0%) or late fees
Instant funding available

Is Nyble legit?

Yes, Nyble (pronounced “Nibble”) is a legit app used by over 50,000 Canadians.

Toronto-based Nyble is run by Fincentify Inc., an Ontario fintech startup, and is available in all Canadian territories and provinces. A popular app, there are over 4,000 reviews on Trustpilot with an excellent 4.8 rating and 850+ reviews on Apple’s app store.

There is no contact phone number on the Nyble website. If you want to get in touch, you’ll need to send an email or use Nyble’s ‘Chat Box’ which is available Monday to Friday (9am to 5pm ET).

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What other features does Nyble offer?

Nyble is popular for its line of credit product, but is a full mobile banking app that can do more than grow your credit history.

Depending on which membership tier you choose, you can enjoy features including:

  • Dedicated credit building line: Access between $30 to $150 at 0%
  • Access your full credit report (without hurting your credit)
  • Weekly credit score updates (with recommendations to improve your score)
  • Earn reward points on everything (1x to 5x depending on your subscription)
  • Fast funding within 1 – 30 minutes (Paid Membership only)
  • Up to $50,000 in digital protection coverage (Paid Membership only)

Get up to $150 in five minutes >>> Check out Nyble 👈

How does Nyble’s line of credit work?

Download the app and create an account via the Nyble website or your chosen app store.

Nyble claims guaranteed approval as long as you meet certain conditions (more on those below).

If you’re eligible, you can open a credit building line between $30 and $150 and withdraw funding. Your payments are automatically reported to the credit bureau on a monthly basis.

When you sign up, Nyble will assess your application and approve you for a certain limit. According to Nyble’s website, the starting approval amount depends on your employment status and a few other factors.

You can increase your approval amounts with on-time payments or redeem your reward points for higher approval limits. Once approved you will always have access to your limits as long as your account is in good standing.

Get up to $150 in five minutes >>> Check out Nyble 👈

Nyble Feature Details
Credit Line Amounts $30 – $150
APR Range 0%
Loan Term 30 Days (Extendable)
Serviced provinces All Canadian provinces and territories

Am I eligible for a Nyble line of credit?

Nyble advertises “guaranteed approval” if you meet certain conditions.

These include:

  • 18 years of age (or the age of majority in your province)
  • Valid Canadian bank account
  • An account in good standing
  • Source of income (direct deposit greater than $1,000)

Nyble understands that building credit can be a catch-22. You need credit history to get started… but it’s hard to get started without a credit history. Nyble makes it easy to start your credit building journey without having to jump through endless hoops.

You will need to connect with one of the following banks to verify your identity:

BMO Scotiabank
CIBC Tangerine
ATB Financial Meridian
PC Financial EQ Bank

What fees does Nyble charge?

It’s free to access Nyble’s line of credit service. However, credit line funding with a free account takes up to three business days.

If you want to receive your funding immediately, you’ll need to upgrade to a paid Nyble membership which will cost you $11.99 per month. As a paid member, funding is deposited in up to 30 minutes (but is usually immediate). 

Nyble offers a 1-month free trial so you can test out a paid membership without making a concrete commitment.

Get up to $150 in five minutes >>> Check out Nyble 👈

💡 Nyble offers reward points for improving your credit or even opening an account. Your points can be redeemed for gift cards at places like Starbucks, Amazon, Best Buy, Apple, Tim Hortons, Cineplex, Uber Eats and more. Earn 5x the rewards with a premium membership.