Secured Chime Credit Builder Visa® Credit Card
Credit builder account with secured card to build or rebuild your score safely
Updated: Aug 03, 2022
The Chime Credit Builder Visa Credit Card, a secured credit card, helps build credit score by reporting credit activity every month. There are no annual fees and cardholders can increase their security deposit anytime. However, you should have a Chime Checking Account to apply 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 Secured Chime Credit Builder Visa Credit Card is issued by Stride Bank N.A., a member FDIC. It comes together with the Chime Credit Builder account and helps build and improve credit score over time. All Secured Visa card activities are reported to the main 3 Credit Bureaus monthly. There is no credit check to apply for Credit Builder account and secured card but you should already have Chime Visa Debit Card (Spending Account). The amount you move from Spending to Builder accounts is the amount you can spend on the secured card. In other words, it is your security deposit. You can increase your deposit anytime and to any amount you want. See: Chime vs Self Credit Builder
How does Chime Secured Work?
- Add money. Move a minimum of $200 from your Spending Account to Secured Account as a security deposit. You can increase the amount anytime.
- Spend money. Use your secured card on everyday purchases where Visa card is accepted.
- Pay balance. Pay money spent on card with your security deposit every time on time.
- Build credit. Chime reports all your on-time credit payments to 3 Credit Bureaus monthly and your credit score starts growing rapidly.
What are Chime Secured card benefits?
- No fees. The Chime secured card has no interest, no application or maintenance fees, no foreign transaction fee, and it’s free to get card replacements.
- No credit check. There is no credit check for pre-qualification, and therefore it does not affect your credit score.
- Flexible credit limit. Account holders can increase secured credit line anytime and by any amount. They should just transfer the desired amount from Spending to Builder accounts.
- Credit reporting. Chime reports credit activity to 3 Credit Bureaus on monthly basis.
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 August 03, 2022. 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
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