Carpay vs BMG Money
Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.
Carpay
Easily manage your car loan on the go. Make payments, view balances, and schedule automatic payments. Receive timely notifications to stay on top of your loan.
- Make loan payments
- Print receipts
- Check account balances
- Schedule autopay
- Enable notifications
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Manage your car loan through Carpay's mobile app. Make payments, print receipts, check balances, schedule autopay, and enable notifications so you never miss anything!
BMG Money
Access personal loans designed for employees and retirees, with amounts from $500 to $10,000. Offers quick loan decisions and funding, even without a FICO score. Ideal for those seeking to improve their credit or needing funds quickly.
- Loans from $500-$10,000
- No FICO credit score required
- Loan offers in minutes
- Higher acceptance rate
- Instant funding available
- APR from 16.99%-35.99%
- Referral program for extra cash
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BMG Money is a great loan solution for employees and retirees who are working on improving their credit scores. This app is for new loans for existing customers. 1. Better Loan Offers (4) - Loans ranging from $500-$10,000 & terms from 6-48 months 2. No Credit Score Required (2) - We do not use FICO credit scores when reviewing loan applications 3. Easy Application - Loan offers in minutes from any device 4. Higher Acceptance Rate - When banks say no, we say yes 5. Instant Funding Available (1) - Most borrowers get their loan proceeds deposited in their bank accounts instantly. Loans are automatically paid through allotment, direct deposit, debit card, or payroll deduction. 6. Annual Percentage Rate (APR) ranging from 16.99%-35.99% 7. Loans do not require repayment in full in 60 days or less from the loan issue date 8. If you have been employed for at least one year, are over 18 years of age, are not active in the military and are not in bankruptcy, you may be eligible. Also you must be employed by one of the employers we work with. Access https://app.bmgmoney.com/signup to see if your employer qualifies, terms and conditions apply. 9. Stay informed when you enable notifications 10. Enable Touch ID / Face ID for instant access 11. Earn extra cash by referring BMG Money to your friends and colleagues Loan example: A 17-month $2,000 loan with a finance charge of $500.06 and a 31.67% APR has 36 bi-weekly installments at $70.00 each, for a total loan cost of $2,500.06. All loans marketed by BMG Money are made by WebBank, except the loans made to residents of Illinois, Ohio, Rhode Island are made by BMG LoansAtWork, Inc.
Screenshots
Verdict
The clearest difference is rating: Carpay at 4.8 against BMG Money's 3.3. Carpay also leads on ratings volume (4.9K vs 151). BMG Money's advantage is update cadence (fortnightly vs every 5 weeks). On price, review sentiment, ads and in-app purchases there is nothing between them.
Scored on Price · Rating · Positive reviews · Number of ratings · Update frequency · Ads · In-app purchases · Monetization · Best chart rank · Devices · Requires iOS
Both are free to download. Neither carries in-app purchases, so what you see is what you pay.
Carpay holds the better App Store score, 4.8 against 3.3. That said, the two scores are not equally well evidenced: Carpay has 4.9K ratings behind it against 151, so its average is the more settled of the two. Written reviews split almost evenly too, at 44% and 44% positive.
Carpay ships an update every 5 weeks, BMG Money fortnightly. The most recent releases landed on November 2, 2026 and November 3, 2026 respectively.
| Parameter | Carpay | BMG Money |
|---|---|---|
| Price | Free | Free |
| Rating | 4.8 (4.9K ratings) — better | 3.3 (151 ratings) |
| Positive reviews | 44.4% of reviews — better | 44.2% of reviews |
| Number of ratings | 4.9K — better | 151 |
| Update frequency | Every 5 weeks | Fortnightly — better |
| Ads | No | No |
| In-app purchases | No | No |
| Monetization | Free | Free |
| Devices | iPhone, iPad, iPod — better | iPhone, iPod |
| Requires iOS | 15.1 | 15.0 — better |
| Further details — not scored | ||
| Size | 33 MB | 148 MB |
| Age rating | 4+ | 17+ |
| Developer | CarPay, Inc. | BMG Money Inc. |
Customer experience
Carpay
BMG Money
User reviews
Carpay
From 4.9K App Store ratingsWhat we love
- ⭐ Convenient and easy to use
- ⭐ Secure payment method
- ⭐ Helpful for making car payments remotely
Room to improve
- 💰 Excessive and unexpected fees
- 🔒 Security issues with login and payment processing
- 🐛 Buggy and unreliable app functionality
BMG Money
From 151 App Store ratingsWhat we love
- 👍 Great customer service (Claudia L, Silvia A, Brandon, Wilver B, Kevin O, Ammy V, Aime U, Tabitha, Deborah, Gianni)
- 🚀 Quick deposits
- 🚀 Fast and easy loan process
- 👍 Helpful for people with less than perfect credit
- 👍 Made loan process stress-free
Room to improve
- 🐛 App worthless now
- 🐛 Not what it used to be
- 🐛 Unable to log in through the app
- 🐛 App won't reload successfully
- 🐛 App displays inaccurate information
Bugs and requests
Carpay
Reported bugs
3 issues- Login credentials being deleted after app updates
- Inability to make payments through the app
- App failing to load user information
Requested features
3 requests- Ability to view payment history and remaining balance
- Option to set up automatic payments without fees
- Improved customer support and responsiveness
BMG Money
Reported bugs
16 issues- Unable to log in through the app
- App won't reload successfully
- App displays inaccurate information
- App is reporting negatively on credit
- Error when logging into the app or online
Show 11 moreShow fewer
- Cannot access loan
- Endless login loop
- Cannot sign onto web or app
- App doesn't work
- Cannot log in online anymore
- App doesn't show refinancing option
- Can't log in to my account to access loan
- Truv is bugged
- Won't let me link my work account
- Won't let me connect my employer
- Employment verification won't work
Requested features
5 requests- Add Walgreens to employer list
- Fix bug with Truv linking work account
- Update app for more accurate payment dates
- Provide more bonus for sharing referral link
- Increase refinance bonus amount
In-app purchases
Carpay
No in-app purchases
BMG Money
No in-app purchases









