CHIME CREDIT BUILDER VISA® SECURED CREDIT CARD

A new way to build credit

  No fees and 0% APR

  No credit check to apply

  No minimum security deposit required1

Increase your credit by an average of 30 points2
using Credit Builder Credit Card

No fees or surprises

We’re here to help you break free from fees, annual interest, and large security deposits

No credit check to apply

Everyone deserves a fair shot at good credit, so we don’t check your score when you apply

Make every purchase count

Whether it’s gas or groceries, now everyday purchases can count toward building credit

Safer credit building

Turn on Safer Credit Building and your balance will be automatically paid on time, every month. We’ll keep the major credit bureaus updated.³

How it works

Add money from your Chime Spending Account into Credit Builder secured account anytime1
Charge up to the amount you added anywhere Visa credit cards are accepted
Each month, we'll report your payments to the major credit bureaus to help you build credit over time3

Join the waitlist

Sign up now and get early access to Credit Builder

See what our members are saying³

“This card has changed my credit score for the good and I love it”

- Nyrisha J.

"My score went up 90 points the first month i had the card."

- Robert G.

"My fiancé and I wants to buy a house...It(Credit Builder) is slowly but surely moving me and my family closer to our dreams."

- Lartrice F.

"I'm new to credit so it feels really good seeing that I'm safely increasing my score."

- Larnell W.

Questions?

Here’s everything you need to know about our Credit Builder

Before Applying

How do I apply for a Chime Credit Builder credit card?

Join the waitlist to get early access to Credit Builder! The waitlist is currently only available to Chime members. New to Chime? Join here.

Each week, we will invite members from the waitlist to Credit Builder. Invited members can complete their applications directly from the home screen of the Chime mobile app–make sure you have the most updated version of our app! You can find your Chime Credit Builder invitation in the Home and Settings screens of your app.

How can I join the Credit Builder waitlist?

You can join right in the Chime app under settings. You’ll get to see where you stand and, if you refer a friend, we’ll bump you up on the list. When it’s your turn, we’ll send you an email invitation. On average, it takes less than two minutes to apply!

What do I need to apply for a Credit Builder?

All you need is a Chime Spending Account and payroll direct deposit of $200 or more within the past 45 days.

Don’t have a Chime Spending Account? Apply for one in under two minutes!

Will it require a hard credit check to apply?

No way! We think everyone deserves a chance to build credit, so we don’t check your credit score when you apply.

Do I need to have a Chime Spending Account to use Credit Builder?

Yes. We designed Credit Builder to work with the Chime Spending Account so that you can move money instantlyacross your Chime accounts!

Will I be charged any fees for using Credit Builder?

Nope! We do not charge fees; no annual fees, maintenance fees, international fees, and no interest.

How can Credit Builder help my credit score?

In a nutshell: Credit Builder can help build credit by reporting timely payments of your monthly charges to the major credit bureausTransUnion®, Experian®, and Equifax®.

All the details:  Your credit score is calculated using the information on your credit report (a record of your credit and loan accounts) and indicates the likelihood that you’ll pay back any money that is loaned to you. There are a few things that get factored into your credit score: payment history, amounts owed, length of credit history, amount of new credit, and credit mix. 

Consistent use of Credit Builder can build your payment history, increase the length of your credit history over time, and has the potential to balance out your credit mix.

How? The money you add to Credit Builder is held in a secured account and used as collateral for charges on your Credit Builder card. During the month, when you make purchases with your Credit Builder card, you are effectively borrowing against your secured account. At the end of the month, you can use the money in your secured account to pay off your monthly charges. Each month, we make sure to let the major credit bureaus know about your payments.

What makes Credit Builder different from other credit cards?

Unlike traditional credit cards, Credit Builder charges 0% APR and $0 in fees. There’s also no credit check to apply!

Credit Builder doesn’t have a pre-set credit limit. With a typical credit card, 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!

Credit Builder is a secured credit card. That means you need to add money into Credit Builder in order to use your Credit Builder card. During the month, you can borrow against that money and build credit that way. You can also use this money to pay off your charges.

Is Credit Builder a secured credit card?

Yes, Credit Builder is a secured credit card. It can help you build credit by letting you borrow against the money you add to the Credit Builder secured account (often referred to as a security deposit) and reporting your monthly activity to the major credit bureaus.

For most secured credit cards, that few hundred dollars of deposit are unavailable to you, the consumer, until you close the account. With Credit Builder, you can use it to pay for monthly charges! Plus, Credit Builder charges 0% APR, $0 in fees, and there’s no large deposit required upfront (You get to choose the amount!)

Which credit bureaus does Chime report to?

At the end of the month, we’ll take care of reporting your credit card activities to the major credit bureaus—TransUnion®, Experian® and Equifax®.

What is the credit limit?

Credit Builder doesn’t have a pre-set credit limit. With a typical credit card, 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!

How much you can spend with Credit Builder is shown to you as Available to Spend.

If I use all the money I add into Credit Builder, will Credit Builder report high utilization and hurt my credit score?

Nope. Credit Builder doesn’t report percent utilization to the major credit bureaus because it has no pre-set credit limit. That means spending up to the amount you added will not show a high-utilization card on your credit history. So rest assured to use Credit Builder for your everyday purchases and let them count towards credit building!

New member basics

How long does it take for my Credit Builder card to arrive?

After you enroll, it’ll take on average 5-7 business days for your Credit Builder card to arrive.

How do I activate my new Credit Builder card?

It’s easy! Just go to the Chime app > Settings > Credit Builder > Activate Card.

What can I use my Credit Builder card for?

You can use the Credit Builder card anywhere Visa® credit cards are accepted.

What is the Credit Builder secured account?

It is a deposit account that holds the money you’ve added to Credit Builder. The money in your secured account determines the amount you can spend with your Credit Builder card. You can also use the money in this account to pay off your monthly charges. If you have Safer Credit Building enabled, we’ll automatically apply the money towards your charges, so your monthly charges are always paid on time!

How is Available to Spend calculated?

Your Available to Spend is the money you’ve added to your Credit Builder minus the amount you’ve charged on your Credit Builder Card. Move money from your Chime Spending Account into Credit Builder to increase Available to Spend any time!

Can I move money into Credit Builder from another bank?

No, you cannot move money from other banks to Credit Builder. You can only do that from your Chime Spending Account.

How long does it take to move money between Credit Builder and Spending Account?

Moving money between Chime Spending Account and Credit Builder takes ~60 seconds! Once the transfer is complete, your transaction history will reflect the change and your Available to Spend will update.

What is Safer Credit Building?

Safer Credit Building is a feature that automatically covers your charges with the money you’ve already added to Credit Builder. Turn it on, so your monthly charges are always paid on time! Learn more about how Safer Credit Building works here.

What is Move My Pay?

Move My Pay is an optional Credit Builder feature. It moves up to the amount you choose from your Chime Spending Account to Credit Builder on every pay day, so you won’t miss a chance to use your card! If you need a little extra in your Chime Spending Account, move money back, any time. Learn more about how Move My Pay works here.

How and when do I pay off the card?

You can pay off your Credit Builder charges in 3 ways:

  1. Our recommendation is to turn on Safer Credit Building, and we’ll use the money you’ve already added to Credit Builder to automatically cover your charges every month.
  2. If Safer Credit Building is not turned on, Manual Payments can be made at any time by going to Settings Safer Credit Building Make a Payment.
  3. ACH Payments can be made from any bank by using account and routing numbers.

Credit Builder statements are available by the 2nd of each month and due on the 23rd.

What happens if I miss a payment?

If you miss a payment, we’ll disable your Credit Builder card and ask you to pay your overdue balance using the money you’ve added to Credit Builder, transfers from your Chime Spending Account or an ACH transfer before turning it back on.

If your balance due isn’t paid in full after 30 days, we may report information about your account to the major credit bureaus. Late payments, missed payments, or other defaults on your account may be reflected on your credit report.

Where can I find more information on Credit Builder policies?

For the Credit Builder Visa Credit Card Agreement, please visit: https://www.chime.com/chime-credit-builder-visa-credit-card-agreement/

For the Credit Builder Application Disclosure and Secured Account Agreement, please visit: https://www.chime.com/chime-credit-builder-application-disclosure-and-secured-account-agreement

Banking services provided by The Bancorp Bank or Stride Bank, N.A., Members FDIC. The Chime Visa® Debit Card is issued by The Bancorp Bank or Stride Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted. The Chime Visa® Credit Builder Card is issued by Stride Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa credit cards are accepted. Please see back of your Card for its issuing bank.

Please note: By clicking on some of the links above, you will leave the Chime website and be directed to an external website. The privacy policies of the external website may differ from our privacy policies. Please review the privacy policies and security indicators displayed on the external website before providing and personal information.

¹Money added to Credit Builder will be held in a secured account as collateral for your Credit Builder card, which means you can spend up to this amount on your card. This is money you can use to pay off your charges at the end of every month.

²Based on a representative study conducted by TransUnion®, members who started using Chime Credit Builder in September 2019 observed a median credit score (VantageScore 3.0) increase of 30 points by January 2020. Impact to score may vary, and some users' scores may not improve.

³On-time payment history can have a positive impact on your credit score. Impact on your credit may vary, as credit scores are independently determined by credit bureaus based on a number of factors. Chime will report your transactions to Transunion®, Experian®, and Equifax®.

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