Chime Credit Builder Visa Secured Card

The Chime Credit Builder Visa Secured Card is an innovative tool designed to help consumers build their credit scores while enjoying the convenience of a payment card. Issued by Chime, a notable player in the financial technology industry, this card serves those looking to establish or improve their credit history, offering a unique blend of benefits suited for various financial needs.

Card Type

The Chime Credit Builder Visa Secured Card is categorized as a secured credit card. This means that applicants are required to make a security deposit, which acts as their credit limit. This structure is perfect for individuals who are new to credit or those aiming to rebuild their credit scores.

Annual Fee

One of the significant advantages of the Chime Credit Builder Card is that it has no annual fee. This feature allows users to use the card without incurring additional costs, making it an economical choice for those cautious about fees.

Rewards Program

While many credit cards offer robust rewards programs, the Chime Credit Builder Card focuses on credit building rather than traditional rewards. Users can transfer money from the linked Chime Spending Account into their Credit Builder Card account to manage finances and payments effectively. Although it lacks standard cashback or travel rewards, it provides a practical approach for users to ensure responsible credit utilization.

Sign-Up Bonus

Currently, the Chime Credit Builder Visa Secured Card does not offer a traditional sign-up bonus. However, existing customers benefit from Chime’s seamless integration with their banking services, ensuring a straightforward and beneficial onboarding experience for new users.

APR (Annual Percentage Rate)

The Chime Credit Builder Card has a 0% APR on all purchases when the balanced amount is paid in full. As a secured card, it does not emphasize an ongoing APR, promoting more responsible spending habits while building credit.

Foreign Transaction Fees

For those who travel internationally, the Chime Credit Builder Visa Secured Card is advantageous as it charges no foreign transaction fees. This feature makes it a suitable choice for users who enjoy traveling abroad without worrying about additional costs on their credit card transactions.

Balance Transfer Options

The card does not offer balance transfer options, focusing instead on building credit through secured limits. It’s essential for users to consider their financial habits and choose accordingly as the Chime Credit Builder Card is tailored for straightforward usage.

Additional Fees

While there is no annual fee, users should note that the Chime Credit Builder Card may incur late payment fees if payments are not made on time. The card also has cash advance fees, typical for many credit cards, but rates may vary depending on the financial institutions policies.

Card Benefits and Perks

Despite being a secured card, the Chime Credit Builder Card offers essential benefits including easy management through the Chime mobile app. Users can track their spending, monitor their credit score, and receive notifications that enhance financial wellbeing.

Customer Protections and Insurance

Chime places a premium on security, offering fraud liability protection and purchase protection, which helps shield consumers from unauthorized transactions. Additionally, the card provides basic consumer protections typical of secured credit cards, fostering trust and security in users purchases.

Eligibility and Credit Score Requirements

Since the Chime Credit Builder Visa Secured Card is aimed at individuals building or rebuilding their credit, there are no specific credit score requirements for approval. It is accessible to a broader range of applicants, including those with less-than-perfect credit histories.

Introductory Offers

Currently, there are no notable introductory offers associated with this card. Instead, Chime encourages responsible spending and saving practices as users establish credit.

Special Features or Unique Selling Points

The main unique selling point of the Chime Credit Builder Card is its integration with the Chime ecosystem. It enables users to manage their finances efficiently, ensuring funds are backed up, thus promoting responsible credit usage without overextending themselves.

How to Apply

Interested applicants can easily apply for the Chime Credit Builder Visa Secured Card online. The application process is straightforward and can be initiated through the UpCube.net or check out the