Chime Secured Credit Builder Visa®
5.0
MoneyAtlas
Rating
Annual Fees$0
Regular APRN/A undefined
Credit Score NeededNone, Poor, Fair
Pros
No credit check required: Chime Credit Builder doesn't perform a hard inquiry when you apply
Adjustable credit limit: Users can move money from their Chime Checking Account to the Credit Builder secured account instantly
Automatic payment feature: The "Safer Credit Building" option automatically pays the monthly balance using funds in the secured account
Cons
No rewards program: The Chime Credit Builder card doesn't offer cash back, points, or other perks typically found with traditional credit card
Requires Chime Checking Account: You'll need Chime's checking account to be eligible for the Credit Builder card
No upgrade path: Unlike some secured cards, Chime doesn't offer a way to graduate to an unsecured card
