The Chime Credit Builder Card is a secured visa credit card owned by Chime Financial. This is one of the best credit cards to apply for if you want to build your credit.
Because the Chime card is a secured card, cardholders are required to deposit money into their secured card account before they can use it for purchases.
If you are looking forward to building your credit, you should apply for this card. To learn more about this card, keep on reading.
Chime Credit Builder Card
Having bad credit often prevents you from getting credit cards and loans with favorable terms and rates. With this, most people look for ways to build or rebuild their credit. One good way to rebuild your credit card is to apply for a Secured credit card.
The Chime Credit Builder card is designed for those who want to improve their credit score. Application for this card requires no credit check and there is no minimum security deposit required.
How does Chime Credit Builder Work?
The Chime Credit Card is a secured credit card. Before you apply for this card you need to open a Chime Checking account. When you are approved for the card, the next step is to activate it. After this, you will be required to transfer money into your Credit Builder secured account.
There is no minimum to the amount of money you can transfer to your account and this automatically becomes your credit limit. You can use your card to make purchases and the amount you spend will be subtracted from the available balance on your card. With this, you cannot spend more than the balance on your card.
Chime Credit Builder Card Review
This section of the article will give you a review of the Chime Visa Credit Card. This visa credit card is owned by Chime Financial and issued by The Bancorp Bank or Stride Bank. This credit card comes with no monthly fees or minimum balance fees. Also, the card has no overdraft fee.
Cardholders also use their card for cash withdrawals for free from any fee-free ATM. Although there are no rewards for using this card, it is a good credit card for building credit. Also, the card has no annual fee or any other hidden fees attached to it.
In addition to this, you must open a Chime account before you can use the card. The card can be used for transactions where a Visa card is affected. Since Chime does not report on your credit limit and utilization, you can build your credit with the card.
Chime Credit Builder Card Limit
The credit limit on a card is the maximum amount you are allowed to spend on your credit card. With the Chime Card, you set your credit limit by yourself. The sum of money you transfer to your card account becomes your credit limit automatically. This money becomes your secured deposit and you can spend up to the available balance.
Chime Credit Builder Card Application
Having known much about the Chime Visa credit card, you may be interested in applying for it. To apply for the card, you need to open an online bank account with Chime. You also need a qualifying direct deposit of $200 and above.
Application for the card can be done online in a few minutes. Your credit score won’t be checked when applying for the card also. As you read on, you will get a detailed guide on how to apply for this card.
How to Apply for Chime Credit Builder Card Online
To apply for a Chime card online, follow the steps below:
- Open a web browser on a device connected to the internet.
- Enter the URL www.chime.com/credit-builder into the search bar.
- You can go through the card details on the page.
- Click on “Get started”.
- On the opened page, fill out your “Name”, and “Email address”.
- Click on “Next” at the bottom of the page.
After this, follow the rest instructions on your screen to complete the process.
Chime Card Activation
When your approval for the Chime credit card has been approved, you will be sent the card in the mail within 5 to 7 business days. You cannot use this card for transactions until it has been activated. To learn how to activate your card, keep on reading.
How to Activate Chime Credit Card
To activate your new card online, follow the steps below:
- Go to www.chime.com/credit-builder with your internet-connected device.
- Click on “Log In” at the top right corner of the page.
- Fill out your “Email address” and “Password” in the required fields.
- Click on “Log In” at the bottom of the form.
- On your account dashboard, click on “Setting”.
- Choose “Credit Builder”.
- Select “Activate Card”.
Some prompts will be displayed on your screen. Follow them to provide your card number and complete the activation process. You can also activate your card with the chime app.
Chime Sign Up
One of the requirements needed to get a Chime card is a Chime account. This is because the card has been designed to work with the Chime checking account. You can easily sign up for a Chime Account online. Signing up for an account does not affect your credit because there are no credit checks. Don’t know how to sign up for an account? Read on to learn how.
How to Sign Up for a Chime Account
To create a Chime account, follow the steps below:
- Connect your device to the Internet.
- Enter the URL www.chime.com into a search bar on your device.
- Navigate to “Accounts” at the top of the page and click on “Checking Accounts” from the drop-down menu.
- Click on “Get Started” on the page.
- Provide your “Name” and “Email address” in the required fields.
Follow the rest instructions on your screen to complete the process.
Logging in to your Chime account gives you access to managing your card online. With your account, you can check the available balance on your card, pay your bills, reset your card limit, and lots more. To learn how to log in to your account, keep on reading.
How to Log in to your Chime Account
To access your account, follow the steps below:
- Go to www.chime.com with your internet-connected device. Or
- Launch the Chime App on your internet-enabled device.
- Click or tap on the “Log In” button on your screen.
- Fill In your “Email address” and “Password”.
- Click on “Log In”.
This is how to access your account online or with the Chime app.
Chime Customer Service
If you are having issues with your Chime card or account, you should contact Chime Bank Customer Service. The customer service unit is designed to help customers with their account opening, card application, card activation, bill payments, and lots more. To get the contact details, go to www.chime.com. Scroll down the page and call the number under “Contact Us”.
Can I Use My Chime Credit Builder Card with no Money?
No, you can’t use your Chime credit card without depositing money into your card account. This visa card is a secured credit card meaning that it requires a minimum deposit before you can start using the account. The money you move into your card account is the amount you can spend with the card.
Can you Withdraw Cash from Chime Credit Builder Card?
Yes, you can withdraw money with your chime card for free. This is if you make withdrawals at any In-Network ATM. With the Chime app, you can easily locate any in-network ATM to make free cash withdrawals.
Can You Add Cash to Chime Credit Builder Card?
Yes, you can add cash to your Chime credit builder card. You can do this manually or go with the “Move My Pay” option. With the “Move my Pay” option, you can easily choose an amount of money and it will be transferred to your card account from your Chime checking account.
What Happens if I Miss My Chime Card Payment?
It’s important you pay your Chime card bills on time. If you miss a payment, your card will be disabled and you will be asked to pay the balance overdue. When you do not pay your card balance in full after 30 days, your default in payment will reflect on your credit repost affecting your score.