How does the Chime Credit Builder Visa work?

Check it out right now with more details and know how it works, fees, interest rates, and much more.

Founded in 2012, Chime is a fintech company that offers many banking services that include credit cards, savings accounts and checking accounts.

In this post, you will see more details about Chime

On credit card page

How does it work?

It works as a builder credit card, in this way, it is suitable for people who want to build a credit or who have a score below average.

Unlike other cards, Chime Credit Builder has no fees, and it is possible to build your credit on any type of purchase made with the card. Whether it’s groceries or largest expenses, all everyday purchases counts.

What is card limit?

There is no exact limit, but it is possible to get at least $200.

Does it have interest rates?

• Regular APR: Non-applicable.
• Purchase Intro APR: Non-applicable.
• Balance Transfer Intro APR: Non-applicable.

Does it have fees?

• Annual fee: $0.
• Cash advance: Non-applicable.
• Foreign purchase transaction fee: $0.

Who can get the card?

This credit card is recommended to people who have a poor/average (300-669) credit score and want to build a credit history.

How to apply for it?

It takes a few minutes to apply for the Chime Credit Builder Visa. First of all, you need to fill a form with some personal information like first name, last name, email address, phone number, etc.

After that, you just need to wait for a response from the lender.

What happens after you apply for Chime Credit Builder Visa Credit Card?

The bank will review all the information you put in your application. If you receive a positive response, it will take an average of 5-7 business days for your Credit Builder card to arrive.

Frequently asked questions:

How fast does Chime credit builder work?

It is possible to improve your credit rating by an average of 30 points in just 4 months.

Does Chime credit builder card report to credit bureaus?

Chime typically reports to credit bureaus at the beginning of every month, but credit bureaus can take a few weeks to process reports.

What does chimes credit builder card do?

Chime Credit Builder helps you build credit with no annual fees and no interest.