How to Apply for the Chime Secured Credit Builder Visa® Credit Card

Applying for the Chime Secured Credit Builder is a straightforward process designed to help individuals with poor to fair credit scores. Here’s a step-by-step guide on how to apply and the requirements you need to meet.

Step-by-Step Application Process

1. Open a Chime Checking Account
   • To apply for the Chime Secured Credit Builder Visa® Credit Card, you must first open a Chime Checking Account. Visit the Chime website or download the Chime app to get started.
2. Set Up Direct Deposits
   • Ensure your Chime Checking Account has at least $200 in direct deposits within the past year. This is a crucial requirement to qualify for the credit card.
3. Apply for the Credit Builder Visa® Credit Card
   • Once your checking account is set up and meets the direct deposit requirement, you can apply for the Chime Secured Credit Builder Visa® Credit Card directly through the Chime app or website.
4. Transfer Funds
   • After approval, transfer funds from your Chime Checking Account to your Credit Builder account. This transferred amount will serve as your credit limit.

Requirements to Apply

• Chime Checking Account: You must have an active Chime Checking Account.
• Direct Deposits: At least $200 in direct deposits must have been made to your Chime Checking Account in the past year.
• No Minimum Security Deposit: Unlike traditional secured credit cards, no minimum security deposit is required. You control your credit limit by transferring funds from your checking account.

Benefits of the Chime Secured Credit Builder Visa® Credit Card

• No Annual Fee: There are no annual fees associated with this card.
• No Credit Check: Your credit score won’t be impacted by a credit check during the application process.
• No Interest: This card does not charge any interest, helping you manage your finances without accruing debt.
• Credit Reporting: Your payment history is sent to the three main credit bureaus, helping to build your credit.

Conclusion

Applying for the Chime Secured Credit Builder Visa® Credit Card is a simple and accessible process, specially designed for those looking to improve their credit score.