Chime's industry-leading SpotMe feature – the fee-free overdraft that's spotted members billions since 2018 – just got even better. SpotMe¹ is now available as an overdraft line of credit when members use the Chime Secured Credit Builder Visa® Credit Card⁵, too. This means members can use their Credit Builder card to access up to $200¹ in fee-free SpotMe coverage. It's not just about avoiding fees; it's about giving members a safety net when it comes to their finances.
Our members shouldn't have to choose between using SpotMe and using their Credit Builder card to help build credit history – we want them to have the best of Chime however they want to spend. When members use SpotMe with their Credit Builder card there is no impact to their credit score.
"Traditional banks raked in $11 Billion in overdraft fees in 2019 alone. This is the antithesis of who we are at Chime and how we believe banking services should work for everyday people. SpotMe allows you to overdraft up to $200 fee-free. Bringing this feature to Credit Builder is one more way Chime is prioritizing our member's financial progress, rather than profiting off of it."
– Madhu Muthukumar, Chief Product Officer at Chime.
With Chime's Credit Builder Card, members can:
Start building credit fee-free No annual fees, no interest⁷, and no minimum security deposit². No credit check to apply.
Start building credit safely Instantly disable your card to prevent fraudulent activities. Build credit using your own money to help keep away from debt and missing payments.
Start building credit on everyday purchases Start building credit with everyday purchases and on-time payments³. Use it everywhere Visa credit cards are accepted.
Start building credit for a better future We report to all 3 credit bureaus to help you build credit over time. Members see an increase of 30 points on average over time⁴.
Using SpotMe will not hurt your credit Access up to $200 with no impact to your credit score.
