Are you wondering how to move money from Chime credit builder card to your spending account Chime, and is it even possible?
Can you use my Chime credit builder card at ATM?
If you are looking for these questions, you have landed on the right page. This post explains all you need to know about Chime credit builder card.
So, let’s get started.
Table of Contents
What is Chime credit builder card?
Chime Credit Builder Visa Credit Card is a secured credit card that lets you build your credit. Unlike other credit cards, the Chime credit builder card has no annual fees, no interest, or large security deposits, and no credit check is done to apply.
To get the Chime Credit Builder Visa Credit Card, you must have a Chime Spending Account, and there must be at least $200 in direct deposits made to the account within the past 365 days.
If you want to get a Chime credit builder card, follow our step-by-step guide: How to Get Chime Credit Builder Card (Guide 2021)
Chime credit builder card limit
Credit Builder doesn’t have a pre-set credit limit. You are the one who decides who much money you want to move into your Credit Builder secured account, and that becomes your spending limit on the card.
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. Late payment may negatively impact your credit score.
How much you can spend with Credit Builder is shown to you as Available to Spend in the Chime app.
Chime credit builder card fees
Chime credit builder card doesn’t have any fees. There are no annual fees, no interest fees, or even late fees.
Below is a fee chart for the Chime credit builder card:
Can you move money from Chime credit builder card to spending account
Yes, you can move your money from the Chime credit builder card to your Chime spending account whenever you wish, using the Chime app.
Below is the step-by-step process to move money from the Chime builder card to the spending account.
How to move money from Chime credit builder card to spending account
Chime allows you to move money from your spending account to the credit builder card and vice-versa.
You can easily move your money from the Chime credit builder card to your Chime spending account by following the steps below.
- Open the Chime App on your device.
- Click on Move Money.
- On Move Money, click on Transfer Funds.
- If the form setting is Spending account, click on the arrow, and it will take you to choose between Spending Account and Credit Builder.
- Click on Credit Builder, then select Spending Account, then move your money.
Can you withdraw cash from Chime credit builder card
Yes! Just like your Chime Debit Card, you can withdraw cash using your Credit Builder Card. Get cash fee-free at 60,000+ ATMs found in stores you love like Walgreens, 7-eleven, CVS, and more!
SEE ALSO: How to load Chime card: Locations & Fee
Can you use my Chime credit builder card at ATM?
Yes! You can get cash using your Credit builder at any ATM. To avoid out-of-network fees, we recommend using one of the 60,000+ in-network ATMs found in stores you love, like Walgreens, 7-eleven, and more. Go into your Chime app and use the ATM Map to find one closest to you!
For a detailed step-by-step guide, you should have a look at our guide: How to withdraw cash from the Chime credit builder card.
Can I use my chime credit builder card with no money
No, you cannot use your Chime credit builder card without any money on it because of the “Available to Spend” feature on the Chime credit builder card. It doesn’t allow you to overdraft, hence preventing you from overspending, which ultimately helps you build your credit, which is its main purpose.
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 it doesn’t charge you an annual 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 and even used to withdraw cash from ATMs.
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.
And you use and move money from your Chime builder card to your spending account, as detailed above in this post.
So, that’s all for now. I hope you were able to understand the Chime credit builder card better after reading this post. For more posts like this, visit our Chime section or follow a few related posts from below.
Ankit Karmokar is an Engineer by profession and a blogger by passion. Over the last several years, he has written tons of articles, solving queries on Quora. He also has years of experience in investing in Cryptocurrencies, Funds, and Stocks.