Chime Card (Credit Builder) review: fees, limits and how it works
People with thin or damaged credit
Quick answer: The Chime Card is a secured Visa credit card that reports to the credit bureaus. You fund it from Chime Checking, and it has no annual fee and no interest, so normal use costs $0 a month. A Chime Checking account is required and there's no credit check. It suits people building or rebuilding credit.
Best for: People with thin or damaged credit
Pros
- No credit check
- No interest or annual fee
- 1.5% cash back on rotating categories with qualifying direct deposit
Cons
- Requires a Chime Checking account
- Not a traditional credit line
What the Chime Card (Credit Builder) costs per month
| If you… | Monthly cost | How it adds up |
|---|---|---|
| Moves money in from Chime Checking and pays each statement | $0 | The card has no annual fee and charges no interest, so funding purchases and paying them off costs nothing. |
| Card purchases plus withdrawals at in-network ATMs | $0 | No annual fee or interest, and ATMs in Chime's fee-free network don't charge. Out-of-network ATM fees may apply. |
Who it suits
Good fit if
- People with thin or damaged credit
- Existing Chime Checking customers
- Building credit without paying interest or an annual fee
Skip it if
- You don't want to open a Chime Checking account
- You want a traditional credit line to borrow against
- You already have good credit and want bigger rewards
Fees
| Monthly fee | None. No annual fee and no interest. |
| Other | Out-of-network ATM fees may apply |
How to get and load it
Apply in the Chime app. A Chime Checking account is required. No credit check.
- Move money from Chime Checking into Credit Builder
- MyPay advances can go to Credit Builder
Activation
Activate in the app. See our step-by-step activation guide.
Deposit protection and credit building
Protection: Secured funds are held at Chime's partner banks, Members FDIC.
Credit building: Yes. It's a secured credit card that reports payment history to the credit bureaus.
Chime Card (Credit Builder) FAQs
Does the Chime Card (Credit Builder) have a monthly fee?
Monthly fee: None. No annual fee and no interest.. Other charges to check: Out-of-network ATM fees may apply.
How do I activate the Chime Card (Credit Builder)?
Activate in the app.
Is money on the Chime Card (Credit Builder) insured?
Secured funds are held at Chime's partner banks, Members FDIC.
Does the Chime Card (Credit Builder) build credit?
Yes. It's a secured credit card that reports payment history to the credit bureaus.
How do I add money to the Chime Card (Credit Builder)?
You can load it by move money from Chime Checking into Credit Builder, MyPay advances can go to Credit Builder.
Official Chime (The Bancorp Bank, N.A. or Stride Bank, N.A.) site
Sources: www.chime.com · help.chime.com. Fees change; confirm on the official fee schedule.