The Chime Credit Builder Card is a secured card with a twist, giving great value and low risk. It has no interest or fees, and it doesn't require a credit check, making it a low-cost option to establish credit. The card may only be used if you have a Chime spending account, which is a disadvantage. The Chime Credit Builder Visa® Secured Card may be music to your ears if you can only receive a secured credit card based on your credit history. It has no fees, no yearly interest, and no minimum security deposit, making it one of the most cost-effective solutions in its class. However, before you can get your Chime Credit Builder Card, you must first open a Chime spending account. Here's all you need to know about this card so you can determine if it's suitable for you.
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- No interest charges
- No annual fee
- No foreign transaction fee
- No minimum security deposit required
- No credit check to apply
- Turn on Safer Credit Building and your balance will be automatically paid on time, every month. We’ll keep the major credit bureaus updated
- Whether it’s gas or groceries, now everyday purchases can count toward building credit
- We’re here to help you break free from fees, annual interest, and large security deposits
Advantages-
- No annual fees
- No annual interest charges
- No minimum security deposit requirement
- Use your deposit to pay for your monthly balance (though you must replenish it afterward)
Reports to all three credit bureaus
Disadvantages-
- You need a direct deposit account with Chime
- Can’t get a credit limit greater than your deposit
- No option to graduate to an unsecured card
Experience with Customers
Chime's customer care is available by email or phone Monday through Friday from 6 a.m. to 10 p.m. Central, and Saturday and Sunday from 7 a.m. to 9 p.m. Central.
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