How to Get Chime Credit Builder Card (Guide 2021)

So, you heard about Chime Credit Builder Card and want to get it?

Are you  wondering if you are eligible to get it?

Do you need help in applying for a Chime credit builder card?

If that’s the case, you are at the right place. In this post, we have provided a guide to what the Chime credit builder card is, how it works, and how to get it.

So, let’s get started.

What is a Chime Credit Builder Card

The Chime Credit Builder Visa Secured Credit Card is a card that lets you spend money like a debit card at the same time helps you build your credit score as traditional secured credit cards.

Chime Credit Builder Card differs from other cards as it does not charge you an annual fee and does not have any minimum security deposit or credit history check. However, to have a Chime Credit Builder Card, you must have a Chime spending account, and you must have had at least $200 in direct deposits made to the Chime Spending Account within the past 365 days. 

If you are wondering how you can get a Chime credit builder card, follow the step-by-step guide below.

Chime Metal Card


SEE ALSO: How to get Metal Chime Card (2021)


How to Get Chime Credit Builder Card

Getting a Chime credit builder card is simple if you own a Chime spending account. If you don’t have a Chime spending account, you will have to open one to get the credit builder card.

Well, if you are already a Chime Spending Account holder, you will also need to have received a qualifying direct deposit of $200 or more within the last 365 days of your application. That’s all if you fulfil these requirements, you can apply to get a Chime credit builder card by following the steps below within the Chime App.

Steps to get Chime Credit Builder Card:

  1. Open the Chime App
  2. Select Settings
  3. Under “Credit Builder Card” click on “Try Credit Builder”
  4. You’re all set!

To be eligible to apply for Credit Builder, you need to have received a qualifying direct deposit of $200 or more within the last 365 days of your application.

The qualifying direct deposit must have been made by your employer, payroll provider, or benefits payer by Automated Clearing House (ACH) deposit. Bank ACH transfers, Pay Friends transfers, verification or trial deposits from financial institutions, peer to peer transfers from services such as PayPal, Cash App, or Venmo, mobile check deposits, and cash loads or deposits are not qualifying direct deposits.


SEE ALSO: How to apply for Chime credit builder card replacement


How Does Chime Credit Builder work

Chime credit builder is a secured credit card with no annual fees and no interest, no credit check to apply, and no minimum security deposit required.

To use it, you will have to first move money into the credit builder secured account from your chime spending account. You will have to decide how much money you want to move and how often you will use the card for your payments.

Second, use your credit builder card anywhere visa is accepted, then at the end of the month, you can pay off your balance with the money set aside in your secured account then watch your credit score go up as Chime reports your monthly payments to the major credit bureaus whether it’s gas or groceries.

Using the Chime credit builder card, your everyday purchases can count towards building credit.


Final words:

Chime is a financial tech company owned by The Bancorp Bank or Central National Bank. It offers mobile banking services and the best part of using Chime is that is doesn’t charge you any annual fee.

Chime allows you to send and receive money to friends and family and helps you get your paycheck up to 2 days early. Using Chime, you can also overdraft up to $200 without paying any fee.

You also get a Chime visa debit card when you open an account with Chime, this debit is a standard debit card that can be used anywhere cards are accepted, both in offline and online stores.

Well, Chime also offers another card known as Chime Credit Builder Card that lets you spend money like a debit card at the same time helps you build your credit score as traditional secured credit cards.

However, to get a Chime Credit Builder Card, you need to fulfil a few requirement as discussed above in the post.

So, that’s all for now. I hope you were able to known all the details related to Chime builder card. For more post like this, you can visit our Chime page or follow a few posts from the links provided below.


Further Reading:

Can I overdraft my Chime Card at Atm or for Gas?

How to link Cash App to Chime & Transfer Money

How to Unsuspend my Chime account (Reopen Now)

How to check Chime Pending Deposits (2021)

How to get Chime Bank Statement (Mobile/Pc)