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New! Grow Your FICO® Score Inside the Chime App

With our partnership with Experian®, you can get credit for the bills you're already paying and begin watching your FICO® Score¹ grow.

Chime Team • June 22, 2022

How to Use Experian Boost in the Chime App

Good credit scores can allow you to do more (for less money). How? By helping you get more favorable rates when leasing a car or renting an apartment. So, what’s one of the ways Chime helps members increase their credit scores quickly? Hello Experian Boost™

In This Article

  1. What’s Experian Boost?
  2. How to Use Experian Boost with Chime
  3. What happens when I use Experian Boost?
  4. Monitor Your Progress in the Chime App
  5. Experian Boost FAQs

What’s Experian Boost?

We’ve teamed up with Experian to offer a free and easy way to raise your FICO® Score with eligible bills you’re already paying through Chime. If you’ve worked to improve your credit scores over months or even years, seeing your credit scores go up faster can be extremely rewarding. With our partnership, we’ve made it a safe and no-brainer way to increase your FICO Score and give you credit for the qualifying bills you’re already paying. Qualifying bills include Netflix®, Disney+®, Hulu®, HBO®, AT&T®, Verizon®, Spectrum® and more. As a Chime member, you can easily connect Experian Boost to your account, quickly and for free.

How to Use Experian Boost with Chime

Let’s see how easy it is to grow your credit scores:

What happens when I use Experian Boost?

Experian will look for your qualifying bills and then you’ll decide which ones to share. Behind the scenes, Experian will verify that all the accounts are accurate, then add the accounts to your Experian credit file. Specifically, Experian looks at your qualifying bills to make sure you’re a) paying them through Chime and b) paying them on time. (Ok, I didn’t mean to rhyme just there.) Experian Boost only considers your on-time payments, so late payments won’t hurt your credit scores.² The whole process takes about five minutes. It’s a fast, safe, and easy way to boost your credit scores.

Monitor Your Progress in the Chime App

As if boosting your FICO® Score wasn’t good enough, you get to track your FICO Score anytime you want, right in the Chime app. Read more on how to track your FICO Score within the Chime App for free on our blog. 

Our partnership with Experian is an easy way to take your credit building journey to new heights. But we’re not stopping there. Chime has a variety of ways to help you improve your credit situation. Our Chime Credit Builder Secured Visa® Credit Card³ helps you start building credit with everyday purchases and on-time payments.⁴ And remember, good things can happen when you focus on building your credit!

Experian Boost FAQs

Is Experian Boost free?

Yep! Any Chime member has access to sign up, for free, in the Chime app. Not a member yet? Applying for an account is free and takes less than 2 minutes.  

Does Experian Boost work?

Yes! Since launching in early 2019, Experian Boost has helped millions of people instantly increase their credit scores.² The process starts by signing up for a free Experian membership. We make this easy to do all within the Chime app. 

How much will Experian Boost increase my FICO® Score?

The average user who receives a boost sees an increase of 13 points.² You need to make three on-time payments in a row on a qualifying bill to unlock a boost. Qualifying bills include Netflix®, Disney+®, Hulu®, HBO®, AT&T®, Verizon®, Spectrum® and more.

Can Experian Boost hurt my FICO® Score?

Experian Boost only includes your positive payment history, so late payments won’t hurt your credit scores.² However, just like with any credit building, stopping either payments or use of Experian Boost can negatively impact your FICO® Score. If adding a bill lowers your FICO Score, you can simply remove it from Experian Boost in the Chime app to “undo” any negative effect. To qualify for more boosts to your credit scores, remember to continue making on-time payments and add additional eligible bills. 

How can I check my FICO® Score for free in the Chime app?

When you sign up for a free Experian account, you also get access to seeing your FICO® Score in the Chime app. We’ll alert you every time your FICO Score is updated in the app because we love keeping you in the loop.

How else can I increase my FICO® Score with Chime?

Chime Credit Builder Secured Visa® Credit Card³ helps you start building credit with everyday purchases and on-time payments.⁴ Members increase their FICO Score by 30 points on average.

Chime is a financial technology company, not a bank. Banking services and debit card provided by The Bancorp Bank or Stride Bank, N.A.; Members FDIC. Credit Builder card issued by Stride Bank, N.A.

While Chime doesn’t issue personal checkbooks to write checks, Chime Checkbook gives you the freedom to send checks to anyone, anytime, from anywhere. See your issuing bank’s Deposit Account Agreement for full Chime Checkbook details.

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Opinions, advice, services, or other information or content expressed or contributed here by customers, users, or others, are those of the respective author(s) or contributor(s) and do not necessarily state or reflect those of The Bancorp Bank and Stride Bank N.A. (“Banks”). Banks are not responsible for the accuracy of any content provided by author(s) or contributor(s).

1 FICO® Scores are developed by Fair Isaac Corporation. The FICO Score provided by ConsumerInfo.com, Inc., also referred to as Experian Consumer Services ("ECS"), in Experian CreditWorks℠, Credit Tracker℠ and/or your free Experian membership (as applicable) is based on FICO Score 8, unless otherwise noted. Many but not all lenders use FICO Score 8.In addition to the FICO Score 8, ECS may offer and provide other base or industry-specific FICO Scores (such as FICO Auto Scores and FICO Bankcard Scores). The other FICO Scores made available are calculated from versions of the base and industry-specific FICO Score models. There are many different credit scoring models that can give a different assessment of your credit rating and relative risk (risk of default) for the same credit report. Your lender or insurer may use a different FICO Score than FICO Score 8 or such other base or industry-specific FICO Score, or another type of credit score altogether. Just remember that your credit rating is often the same even if the number is not.For some consumers, however, the credit rating of FICO Score 8 (or other FICO Score) could vary from the score used by your lender. The statement that "90% of top lenders use FICO Scores" is based on a third-party study of all versions of FICO Scores sold to lenders, including but not limited to scores based on FICO Score 8. Base FICO Scores (including the FICO Score 8) range from 300 to 850. Industry-specific FICO Scores range from 250-900. Higher scores represent a greater likelihood that you'll pay back your debts so you are viewed as being a lower credit risk to lenders. A lower FICO Score indicates to lenders that you may be a higher credit risk.There are three different major credit reporting agencies — the Experian credit bureau, TransUnion® and Equifax® — that maintain a record of your credit history known as your credit report. Your FICO Score is based on the information in your credit report at the time it is requested. Your credit report information can vary from agency to agency because some lenders report your credit history to only one or two of the agencies. So your FICO Score can vary if the information they have on file for you is different. Since the information in your report can change over time, your FICO Score may also change.

2 Results may vary. Some may not see improved score or approval odds. Stopping either bill payment or use of Experian Boost™ may negatively impact scores. Not all lenders use Experian® credit files, and not all lenders use scores impacted by Experian Boost. Average users who received a boost improved their FICO® Score 8 based on Experian data by 13 points. See Experian website or app for details.

3 To apply for Credit Builder, you must have received a single qualifying direct deposit of $200 or more to your Checking Account. The qualifying direct deposit must be from your employer, payroll provider, gig economy payer, or benefits payer by Automated Clearing House (ACH) deposit OR Original Credit Transaction (OCT). Bank ACH transfers, Pay Anyone transfers, verification or trial deposits from financial institutions, peer to peer transfers from services such as PayPal, Cash App, or Venmo, mobile check deposits, cash loads or deposits, one-time direct deposits, such as tax refunds and other similar transactions, and any deposit to which Chime deems to not be a qualifying direct deposit are not qualifying direct deposits.

4 On-time payment history can have a positive impact on your credit score. Late payment may negatively impact your credit score. Chime will report your activities to Transunion®, Experian®, and Equifax®. Impact on your credit may vary, as Credit scores are independently determined by credit bureaus based on a number of factors including the financial decisions you make with other financial services organizations.

5 Based on a representative study conducted by Experian®, members who made their first purchase with Credit Builder between June 2020 and October 2020 observed an average FICO® Score 8 increase of 30 points after approximately 8 months. On-time payment history can have a positive impact on your credit score. Late payment may negatively impact your credit score.

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