You can open your Chime Checking Account with a qualifying direct deposit of $200. What You Need to Know About Fees and ChargesĬost is one reason this card is appealing. Automatic payments available to help build credit.No credit utilization reported to credit bureaus.Here are the main benefits of the Secured Chime®Credit Builder Visa® Credit Card: Benefits of the Secured Chime®Credit Builder Visa® Credit Card On-time payments are reported to the three major credit bureaus: Equifax ®, Experian ® and Transunion ®. This is money you can use to pay off your charges at the end of every month. Money added to Credit Builder will be held in a secured account as collateral for your Secured Chime®Credit Builder Visa® Credit Card, which means you can spend up to this amount. You can use the Chime app on your mobile device or you can log in online. You then use your Chime Checking Account to fund your Chime Credit Builder secured account by transferring funds from your checking account, either automatically or manually. You start by opening a Chime Checking Account and depositing at least $200 in qualifying direct deposits to be eligible to apply. How Does the Secured Chime®Credit Builder Visa® Credit Card Work?
