Secured Chime Credit Builder Visa® Credit Card
Build or rebuild your credit securely with a credit builder account and secured card
Updated: Jul 4, 2024
The Chime Credit Builder Visa Credit Card, a secured credit card, facilitates credit score improvement by reporting credit activities each month. With no annual fees and the ability to increase your security deposit at any time, this card offers a secure way to build credit. However, you must have a Chime Checking Account before applying for the Chime Credit Builder Secured Visa Credit Card.
ANNUAL FEE
$0
ONGOING APR
0% Fixed
INTRO APR
N/A
at Chime's Secured website
Apply NowIntroductory APR
N/A
Intro APR Period
Recommended Credit Score
Accepts All
Key Features
- Helps to build, rebuild or increase your credit score
- No interest
- No annual fee
- No foreign transaction fees
- No credit check to apply
- Fast pre-approval
- No minimum security deposit is required
- Automatic savings
- Free card replacement
Our Take
The Chime Credit Builder Visa Credit Card, issued by Stride Bank N.A., a member of the FDIC, provides a secure and effective way to build and improve credit scores over time. Offered in conjunction with the Chime Credit Builder account, this secured card ensures that all activities are reported to the three main credit bureaus monthly. To apply for the Credit Builder account and secured card, you must already have a Chime Visa Debit Card (Spending Account). The amount transferred from your Spending to Builder accounts serves as your security deposit, which determines your credit limit. With its transparent fee structure and adaptable features, the Chime Credit Builder Visa Credit Card proves to be a powerful option when compared to alternatives like the Self Credit Builder.
Related: Chime vs Self, 10 Things to Know About Chime
How the Chime Credit Builder Visa Credit Card Works
- Add money: Deposit a minimum of $200 from your Spending Account to your Credit Builder Account, establishing a security deposit. This amount can be increased at any time, allowing for greater flexibility in managing your credit limit.
- Spend responsibly: Utilize your secured card for a variety of purchases, ranging from everyday essentials to special occasions, wherever Visa cards are accepted. This helps demonstrate responsible credit usage and contributes to a positive credit history.
- Pay your balance: Timely payments are crucial in building credit. Use your security deposit to make consistent, on-time payments for the money you’ve spent on the card, showcasing your commitment to financial responsibility.
- Build credit: Chime diligently reports all your on-time credit payments to the three major credit bureaus monthly. As a result, your credit score can experience rapid growth, enhancing your financial standing and future opportunities.
Key Benefits of the Chime Credit Builder Visa Credit Card
- No hidden fees: The Chime secured card is designed with transparency in mind, ensuring no surprise charges. Enjoy no interest, no application or maintenance fees, no foreign transaction fees, and complimentary card replacements.
- No credit check: Chime’s pre-qualification process bypasses the need for a credit check, so your credit score remains unaffected. This allows you to apply with confidence and peace of mind.
- Flexible credit limit: Account holders have the freedom to increase their secured credit line whenever they choose. By simply transferring the desired amount from their Spending to Builder accounts, users can tailor their credit limits to suit their financial needs.
- Comprehensive credit reporting: Chime’s commitment to reporting credit activity to all three major credit bureaus on a monthly basis ensures that your responsible financial habits contribute to a steady improvement in your credit score.
In conclusion, the Chime Credit Builder Visa Credit Card is an invaluable resource for individuals seeking to build or enhance their credit scores. Offering a transparent fee structure, no credit checks, a flexible credit limit, and comprehensive credit reporting, Chime’s secured card presents a user-friendly and efficient approach to bolstering your credit profile.
Chime Secured Visa Competition
- OpenSky Secured Visa
- OakStone Platinum Secured
- Sable ONE Secured
- Applied Bank Unsecured Classic
- First Latitude Secured
Frequently Asked Questions
| Issuer: | Stride Bank N.A. |
|---|---|
| Network: | VISA® |
| Category: | Consumer (Secured) |
| Best Used For: |
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| Rewards: | No |
| Regular APR: | 0% |
|---|---|
| Regular APR Type: | Fixed |
| Annual Fee: | $0 |
| Balance Transfer: | No |
| Other Fees: |
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Secured Chime Credit Builder Visa® Credit Card Alternatives
Secured Chime Credit Builder Visa® Credit Card |
| APPLY NOW |
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Annual Fee $0 |
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Regular APR 0% |
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Intro APR N/A |
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Rec. Credit Score Accepts All |
Additional Information & Comments
Disclosures:
- Chime is a financial technology company, not a bank. Banking services and debit card provided by The Bancorp Bank or Stride Bank, N.A.; Members FDIC. Credit Builder card issued by Stride Bank, N.A.
- To apply for Credit Builder, you must have received a single qualifying direct deposit of $200 or more to your Checking Account. The qualifying direct deposit must be from your employer, payroll provider, gig economy payer, or benefits payer by Automated Clearing House (ACH) deposit OR Original Credit Transaction (OCT). Bank ACH transfers, Pay Anyone transfers, verification or trial deposits from financial institutions, peer to peer transfers from services such as PayPal, Cash App, or Venmo, mobile check deposits, cash loads or deposits, one-time direct deposits, such as tax refunds and other similar transactions, and any deposit to which Chime deems to not be a qualifying direct deposit are not qualifying direct deposits.
- Money added to Credit Builder will be held in a secured account as collateral for your Credit Builder Visa card, which means you can spend up to this amount on your card. This is money you can use to pay off your charges at the end of every month.
IMPORTANT
*The information provided for Secured Chime Credit Builder Visa® Credit Card is believed to be accurate at the time of evaluation or recent update on July 4, 2024. However, we strongly advise visitors to review the card fees and Terms & Conditions on the issuer's website by following Apply Now link to verify the accurancy of the information posted prior to applying for this card offer.
Secured Chime Credit Builder Visa® Credit Card
Reviews - (2 User Reviews)
April 10, 2023
Jason T.
(26-35) - Cardholder
Income on Application
$55000
Credit Score
Needs Work (300-579)
Credit Limit
$500
Filed for Bankruptcy
No
A Great Tool for Credit Building
After struggling with poor credit for years, I decided to give the Chime Credit Builder Visa Credit Card a try. I'm so glad I did! Not only was the application process easy, but the fact that there's no credit check meant I could start building my credit right away without any negative impact. The flexibility to increase my credit limit by transferring funds from my Spending to Builder account is a huge plus. I've already seen a noticeable improvement in my credit score, and I have Chime to thank for making it possible. Highly recommended for anyone looking to build or rebuild their credit!
Fees & Charges:
4/5
Features & Benefits:
5/5
Customer Support:
4/5
Application Process:
5/5
April 3, 2023
Amanda S.
(46-55) - Cardholder
Income on Application
$45000
Credit Score
Needs Work (300-579)
Credit Limit
$450
Filed for Bankruptcy
No
Building Credit with Confidence
I was initially hesitant to apply for a secured credit card, but the Chime Credit Builder Visa Credit Card has exceeded my expectations. I appreciate that there are no annual fees, and I can increase my security deposit whenever I want. As someone who's rebuilding their credit, it's been a relief to see my credit score improve month by month, thanks to Chime's consistent reporting to all three credit bureaus. The entire process has been seamless and secure, and I'm excited to continue using this card to strengthen my financial future.
Fees & Charges:
5/5
Features & Benefits:
5/5
Customer Support:
4/5
Application Process:
5/5
Secured Chime Credit Builder Visa® Credit Card
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