Credit Cards
Chime Credit Builder Visa Credit Card review
Start building your credit with the Chime Credit Builder Visa Credit Card with no credit checks and no annual fee.
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Get easy access to credit with no minimum security deposit and no stress
The Chime Credit Builder Visa credit card can help you build your credit history while also letting you adjust your own credit limit. In a way, it will remind you of a reloadable prepaid debit card, but different from those, it reports your activity to credit bureaus.
How to apply for Chime Credit Builder Visa card?
This post will tell you more about the application process to get a Chime Credit Builder Visa card. Put your credit score back on track with this credit card.
- Credit Score: Poor – Average
- APR: N/A
- Annual Fee: $0
- Fees: $0
- Welcome bonus: N/A
- Rewards: N/A
Be aware though. This card is so convenient it may render you unprepared to manage other credit cards in the future. The Chime Credit Builder also cannot be upgraded.
Chime Credit Builder Visa Credit Card: how it works?
In order to get the Chime card you are going to have to open a Chime Spending Account. This account must have received a deposit of at least $200 within the past 365 days.
What makes it similar to prepaid debit cards is that you can assign the money you have deposited to your Credit Builder secured account.
If, later on, you decide you need access to that money, you can transfer it back into your Chime Spending Account. All of it is done through the app, and you can use the Chime ATM card to withdraw the money.
The Chime Credit Builder Visa Credit Card comes with a variation of the autopay option found in traditional cards. This feature prevents you from missing payments by using the on-hold money to pay for your balance automatically.
This card does not offer any kind of rewards program, but if your goal is simply building credit, it is one of the easiest cards to use out there.
So easy, we feel like warning you twice: it does not prepare you to deal with other more traditional unsecured cards. So if you get another one in the future, keep an eye on the details.
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Significant benefits and disadvantages you may find
To help you get a better grip on what the Chime Credit Builder card is about, we have compiled some pros and cons and put them side by side below for you to compare.
Benefits
- $0 annual fee
- 0% APR
- Adjustable credit limit
- No credit check
Disadvantages
- No rewards
- Chime account required
- Impossible to upgrade
A good credit score is required for applicants?
Different from most credit card issuers, Chime does not run credit checks on applicants for the Chime Credit Builder Visa Credit Card. So if you have poor or no credit, do not worry. You may still get approved for this card by simply applying. Interest? Just keep reading.
Learn how to apply and get a Chime Credit Builder Visa Credit Card
Applying for the Chime Credit Builder Visa Credit card is easy peasy. Just go to their website, enter your email, first and last name, date of birth, and a few more personal info, and you are on your way.
If you would like a detailed walkthrough of the whole process, just hit the link below, and we will take you there.
How to apply for Chime Credit Builder Visa card?
This post will tell you more about the application process to get a Chime Credit Builder Visa card. Put your credit score back on track with this credit card.
About the author / Danilo Pereira
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