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The Chime Credit Builder Visa Secured Card has very little to unpack, and offers a consumer-friendly route to building credit and saving money along the way. There’s no credit check to apply and you can do it in under 2 minutes on the Chime app. There’s no annual fee, monthly fee, hidden fees, or minimum security deposit required.
You can usually pay your bill online on yourCredit card issuer's website
The Chime Credit Builder Visa Secured card comes with no annual fee and no foreign transaction fee, has no credit check required to apply, and requires no minimum security deposit to open your account.
The card is funded by your Chime Spending Account; you’ll move money from your Spending Account to your Credit Builder account. The amount in your Credit Builder account is how much you can spend with the card.
Although this card does report to the major credit bureaus monthly, helping you build credit when you pay on time, they don’t report credit utilization. So you can use this card without contributing to your overall revolving credit utilization. You can learn more about that in our post: How Does the Credit Utilization Percentage Impact My Credit Score?
You’ll need the Chime app to apply for the card. Within the app settings you’ll see an option for the “Credit Builder Card.” Click that and then click on “Try Credit Builder” to apply.