The Chime Credit Builder Secured Visa® Credit Card takes a revolutionary approach to credit building with no credit check required, no annual fee, and no interest charges.
Unlike traditional secured cards, Chime’s Credit Builder works differently you move money from your Spending Account to your Credit Builder secured account, and that amount becomes your available credit.
FAQ
How does the Chime Credit Builder card work? +
Unlike traditional credit cards, the Chime Credit Builder works on a secured basis. You transfer money from your Chime Spending Account to your Credit Builder secured account, and that amount becomes your available credit. You can only spend what you've secured, helping prevent overspending.
Is a credit check required? +
No, Chime does not perform a credit check when you apply for the Credit Builder card, making it accessible for those with limited or damaged credit history.
Is there a minimum security deposit? +
No, there is no minimum security deposit requirement. You can move as much or as little as you want from your Spending Account to your Credit Builder account to establish your credit limit.
Are there any fees? +
There is no annual fee, no interest charges, and no minimum security deposit. Chime's Credit Builder card is designed to be transparent with no hidden fees.
How does this help build my credit? +
Chime reports your payment activity to all three major credit bureaus (Experian, Equifax, and TransUnion). Making on-time payments regularly helps establish a positive payment history, which is a significant factor in credit scoring.
Do I need a Chime account to apply? +
Yes, you need a Chime Spending Account and at least one qualifying direct deposit of $200 or more within the last 365 days to be eligible.
Can I use this card anywhere? +
Yes, the Chime Credit Builder card is a Visa card that is accepted worldwide wherever Visa is accepted.