A Smart Way to Build Credit

Are you facing challenges with a fair or limited credit score?This secured credit card might be the perfect solution for you.

Designed to help you build or enhance your credit history without the usual risks and fees of traditional credit cards, this option provides a clear path to improving your financial future.

Why Choose the Chime Secured Credit Builder Visa® Credit Card?

No Annual Fee

One of the standout features of the Chime Secured Credit Builder Visa® Credit Card is its no-annual-fee policy. This makes it affordable for anyone looking to improve their credit without additional costs.

No Credit Check Required

Are you worried about your credit score impacting your application?

With this card, there’s no need for a credit check, making it accessible even if your credit score is less than ideal.

No APR and Adjustable Credit Limit

Unlike traditional credit cards, the Chime Secured Credit Builder Visa® Credit Card does not charge interest.

You set your credit limit by transferring funds from your Chime Account to your Credit Builder account, giving you complete control over your spending limit.

How It Works

To get started, you’ll need to open a Chime Checking Account and ensure you have at least $200 in direct deposits within the past year.

Once you set up your account, you can transfer funds from your Chime Checking Account to your Credit Builder account through the Chime app.

This transferred amount becomes your credit limit, and you can adjust it as needed, providing flexibility and control over your credit use.

Benefits and Considerations

Build Credit Safely

Your payment history is shared with the three major credit bureaus, helping you build your credit history.

The card’s structure encourages responsible spending without the risk of accumulating debt, making it ideal for those new to credit or looking to rebuild.

No Rewards or Upgrade Path

While the card offers many benefits for building credit, it’s important to note that there are no rewards or upgrade paths to a traditional unsecured credit card.

This means you won’t earn cashback or points, and once you’re ready to move on, you’ll need to apply for a different card.

Account Requirements

To use the Chime Secured Credit Builder Visa® Credit Card, you must be willing to open a Chime Checking Account. This requirement might not be ideal for everyone, but it ensures that you have a solid financial foundation to build on.

Final Thoughts

The Chime Secured Credit Builder Visa® Credit Card is an excellent tool for anyone with a poor or fair credit score looking to improve their financial health.

Its no-fee structure, absence of interest, and flexible credit limit make it a unique and accessible option. However, it’s essential to consider the lack of rewards and upgrade options when deciding if this card is the right fit for your long-term financial goals.