Chime (now Loftly), a renowned digital banking app, has garnered a substantial user base of over 12 million due to its fee-free checking and savings accounts a seamless mobile experience, and transparent fee structures.
In this comprehensive review, we delve into Chime’s affiliate program, exploring commission structures, payout details, and strategies for maximizing earnings and assessing its value proposition compared to other banking and fintech affiliate options.
What is Chime?
Chime, officially now known as Lofty, is an online financial technology company that offers banking services through a mobile app. Founded in 2013, Chime provides fee-free online checking and savings accounts with no minimum balance requirements.
Chime aims to help members avoid bank fees, save money automatically, and have financial peace of mind. The Chime mobile app has over 12 million customers.
Key features of Chime accounts include direct deposit, Visa debit card, ATM withdrawals, paycheck advances, fee-free overdrafts, budgeting tools, and more. Chime partners with The Bancorp Bank and Stride Bank to offer FDIC insurance and issue accounts.
What is the Chime Affiliate Program?
The Chime Affiliate Program allows publishers to earn commissions by referring new customers to open Chime accounts. As an affiliate, you receive compensation when your referrals sign up and activate Chime products.
What is the Chime Affiliate Program?
Chime’s affiliate program offers payment for publishers who refer new users to sign up for Chime’s free checking and savings accounts. You earn a bonus when your referrals complete account activation.
Who is it for?
This program works well for personal finance blogs, deal sites, banking reviewers, fintech influencers, and publishers with audience demographics that align with Chime’s target users.
How does it work?
As an affiliate, Chime provides you with a unique promotional link. When someone clicks your link and completes the signup process to activate a Chime account, you get credit for the referral and earn your bonus.
Chime Affiliate Program Commission Structure & Cookie
Chime, now Lofty, offers an enticing affiliate program with up to 20% monthly commissions. Affiliates receive 10% of the Monthly Recurring Revenue (MRR) from a sale for 18 months, creating a steady income stream.
When affiliate referrals make sales, the affiliate and the referrer enjoy 10% of the new MRR for 18 months. The long 18-month cookie duration ensures affiliates benefit from sustained revenue.
Payment Details for Affiliate Partners
Affiliates can count on a straightforward and reliable payment system.
Commissions are received monthly as soon as the sale is processed through Check, ACH, or Payoneer. The 10% MRR payout for 18 months is a lucrative opportunity for affiliates to earn consistently.
Pros And Cons Of Chime Affiliate Program
Any program has its pros and cons; let’s look at the Chime’s to see whether it’s worth your time.
| Pros | Cons |
| High awareness brand – Utilizes existing reach | Must reach $100 minimum monthly payout |
| Banking niche – Broad appeal and demand | Earn only on new account activations |
| Turnkey creative assets – Banners, text links, more | Short 45-day cookie duration |
| Long cookie duration | Limited product line to promote |
| No account fees – Value proposition | Banking is a highly regulated industry |
Chime’s affiliate program has strengths like a well-known brand and a niche appeal in banking. With user-friendly features and fast payouts, it offers a positive experience for affiliates.
However, drawbacks include a $100 minimum payout requirement, earning only on new accounts, and a short cookie duration. Regional restrictions, uncertain account approvals, and a focus on younger demographics might limit its appeal.
The program’s presence in a regulated industry and market competition add complexity, with potential risks if users close accounts.
How Do I Become A Chime Affiliate?
Joining the Lofty affiliate program is a simple three-step process:
- Sign up
Join the program through the Chime affiliate page.
- Start Referring:
Affiliates receive a unique affiliate link to share across various platforms.
- Wait for Sale:
The Lofty sales team handles the onboarding process for referred clients.
- Get Paid:
Affiliates receive monthly commissions once the sale is completed, providing a hassle-free experience.
The program’s user-friendly structure and transparency make it accessible for affiliates looking to monetize their network effortlessly.
The Chime affiliate program, now under Lofty, stands out as a potentially lucrative and user-friendly option for those seeking a reliable affiliate opportunity.
How To Make Money As A Chime Affiliate?
To maximize your affiliate commissions with Chime, you can:
Content Creation for Chime Reviews and Videos
Develop comprehensive Chime account reviews and engaging video overviews to showcase the platform’s features and benefits. For instance, create a video demonstrating the simplicity of Chime’s “Get Paid Early” feature.
Emphasize Key Features: “Get Paid Early” and Overdraft Benefits
Highlight specific features like “Get Paid Early” and fee-free overdrafts in your content. Craft articles or social media posts illustrating how these features set Chime apart from traditional banks.
Strategic Promotions and Campaigns
Run strategic promotions targeting your audience, such as offering signup bonuses and cashback incentives during holiday seasons. Participate in Chime’s annual affiliate contests to boost engagement and commissions.
FAQs
Who Is Chime Affiliated With?
The Chime affiliate program works well for personal finance blogs, deal sites, banking reviewers, fintech influencers, and publishers with audience demographics that align with Chime’s target users.
Does It Cost to Join the Chime Affiliate Program?
No, there is no fee to join the Chime affiliate program. Registration and account access is free.
Are there any minimum requirements to become a Chime affiliate?
There are no strict minimum requirements, but your audience should fit well with Chime’s target demographic of digital-first consumers looking for an alternative to traditional bank accounts.
What are the best Chime affiliate program alternatives?
Some top alternatives are affiliate programs from SoFi, Current, Aspiration, MoneyLion, Chase, Discover, Capital One, Coinbase, Robinhood, and other digital banking and fintech brands.
