The Secured Chime Credit Builder Visa® Credit Card advertises a path to build a healthy credit history - a similar claim other secured cards share. Cardholders must make a deposit to the secured card to set a credit limit and then they can make everyday purchases. Chime is a financial technology company, not a bank.

The Chime Credit Builder Visa® Credit Card shares the same purpose as traditional secured credit cards: It can help you build a credit history if you have no credit or bad credit.

With traditional credit cards, using a high percentage of your available credit limit could negatively impact your credit score. You don't have to worry about that with Credit Builder because Chime does not report credit utilization. On-time payment history can have a positive impact on your credit score.

At the end of each month, you can pay your monthly balance with the money in your secured account and we'll report your monthly balance paid in full to the major credit bureaus². This way, your everyday purchases like gas, groceries, bills, and subscriptions can count towards your credit history.

Cons: Limited account options: Chime currently offers just a checking and savings account, which may be challenging for consumers who have more extensive needs. Making cash deposits can be challenging: Cash deposits cannot be made at ATMs.

Start building credit with the secured Chime Credit Builder Visa® Credit Card – no credit check required.

Chime is a financial technology (fintech) company - not a bank - but it may work for you if you want a fully digital banking experience with minimal fees. Chime doesn't check your credit or your ChexSystems profile like most banks do, so it may be a good option if you've been turned down for an account elsewhere.

Status Update All systems are currently available.

Is Chime a credit card? Chime is not a credit card. Chime is a financial technology company that offers a secured credit card called Chime Credit Builder Visa® Credit Card2. Chime also offers a savings and checking account.

Show Pros, Cons, and More. The Chime Checking Account is a good low-fee account - there are no monthly service fees, foreign transaction fees, or overdraft fees. Chime does charge a $2.50 for using an out-of-network ATM, though. Early direct deposit allows you to receive your paycheck up to two days early.

Yes, Chime is legit and the best mobile banking app in 2023. Chime offers basic banking services through an easy-to-use mobile app. It has no monthly, annual, or minimum balance fees, high savings rates, fee-free ATM network, and Visa debit card make it the perfect banking solution for mobile banking.

Chime is not a credit card. Chime is a financial technology company that offers a secured credit card called Chime Credit Builder Visa® Credit Card2. Chime also offers a savings and checking account. Deposits are FDIC insured up to $250,000 through The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC.