Chime credit builder reddit This post from I just refuse the 26% apr “last chance” car dealerships and was looking into other services similar To chime where you put the money upfront and it serves to better your credit. I have only opened a Chime credit card, and 6 months later, I have a 683 credit score. When you put money in credit builder, Chime puts that money aside in a secured account. 5% cash back rewards on rotating categories (with direct deposit) and access to cash at ATMs. But I’m completely new to credit, I tried applying last year for a Chase card and got declined, I recently picked up the credit builder for Chime and monitored my credit with Credit Karma, I didn’t have a score at all when I started. Consistent use of Credit Builder can help you build payment history, increase the length of your credit history over time, and more. Just like ONE's credit builder (RIP). I only use the debit card and was super curious about the credit builder card which is really a prepaid - correct? I was wondering if it’s worth it? Aug 29, 2025 路 The secured Chime Visa® Credit Card can help you build credit. This led to me filing a ton of complaints with Consumer Finanical Protection Bureau, BBB, and my State Attorney General. You transfer money from your spending account into your Credit Builder account. Is it a good fit for me? With the credit builder you add money to the credit builder account. So as long as there's enough money on the card to cover the whole total amount of the deposit and rental costs , it's the same as any other credit card. I woke up today and noticed my credit dropped 34 points after I’d been trying to build it for months due to student loans. Chime actually holds that money in a secure account for you, and chime charges the purchase as credit, and at the end of the month (assuming you leave the smart credit building setting turned on) chime takes the money it was holding in the secure account and pays your whole balance. 5% cash back rewards on rotating categories (with direct deposit) §§. 馃槼馃槼馃槼 I’m so glad I took these steps to get it done I’m blown away. Hi there! We love to see you taking an interest in improving your credit score. I think that has a lot to do with how fast my score went up because I use the card so often and there’s always money in there to pay off the balance. My first time renting a car. I don't trust myself with a Capital One card or any regular card that works like that. The Chime Cash Rewards Visa® Credit Card is a new secured credit card that we’re testing within a small population and is not yet widely available. To know whether the Chime credit card is right for you, understand how it works. The less the better Chime secured card has no limit, so this factor isn't going to go in your favor Other secured do have a limit but require a deposit upfront. The reservation went through, however reading from other posts, some rental cars won't take the credit builder card? Can someone confirm, please! If you have 3 credit cars why did you bother getting Chime? "Credit builder" products don't function any different from a normal credit card. I don't mean a secured credit card: I'm looking for an actual set-and-forget "prepaid" credit-reporting card that automatically pays itself with preloaded funds. I use mine for everything. I don’t get how to a build New to Credit Builder? The metal card challenge is only available for Chime members who have a Credit Builder card. Just remember, you can always manually and instantly transfer money back and forth at any time from credit to debit and vice versa. Chime is a financial technology company, not a bank. Well, in my case, I opened the chime credit builder card, and I put nearly all of each of my paycheck into that account. I'm literally starting from zero. The Chime Credit Builder also has a safety set so you don't go over, but you also have Spot Me for the Chime Credit Builder Card as well up to $200 depending on how long you've had your account. However, after doing some digging on here I have come to the conclusion that this card is basically the worst option for me, as I am qualified for a discover student secured card. Chime will not take responsibility or accountability and refuses to admit to the problem or change the information. And I am going out to Los Angeles in a couple months. If you didn't already, maybe try entering the regular card info instead? We would like to show you a description here but the site won’t allow us. Go to settings > SpotMe > Manage SpotMe accounts I have used spotme on both accounts simultaneously. Sometimes, these merchants will charge a higher amount upfront in case other costs come up - like a security deposit. Whatever you deposit is your credit limit. Hey! So I’ve been with Chime for about almost a year now. People don't ever use chime credit builder I'm shocked and in disbelief I used it for 4 months and a portion of my check was… Only keep money in the savings account and transfer what you need when you need it to either the spending account or the credit builder account. For those who have used it, what are your honest thoughts? Also, do you have any helpful ELI5 tips to avoid the drop many are seeing after the initial spike? Now there is a “Safe Option” in the Credit Builder Account, this means on the 23rd Chime will automatically take the money out of your Credit Builder Account and pay off the balance for your statement. Chime then uses the money set aside to pay off your charges. My credit score is 580, and I'm trying to improve it, but it seems like Experian isn't getting updated. Got approved for the credit builder card, and set $150 on the card. My credit always seems to go down. or Stride Bank, N. Therefore, places that accept credit cards would also accept Chime Credit Card since it is indeed a credit card. A secured credit card was perfect for me at the time & was convenient because I already had a Chime account. However, if you’re interested in increasing your chances of being included, try the following: Track and boost your FICO® Score with Experian®. Credit Builder cash withdrawals will not impact your Chime Spending Account ATM withdrawal limit. I just need help understanding how this works. Your regular Chime card and credit builder card each have their own separate card numbers. Unfortunately, Chime now offers spotme to the chime credit builder, however the spotme is linked to both accounts using the same combined limit, meaning it’s not separate spotme accounts. ai, creditkarma, and secured credit cards only? I have a Chime checking account and would just like to keep/reopen a credit builder account after chapter 7 goes through. I love Chime, can wait til they add the credit card function as some portals only take real credit cards instead of debit. At first, I was under the impression that I'd have a respectable number within 6 months to a year, but after some research I'm not sure what to expect. Pros: Chime has spot me. Once you have the Credit Builder card, is there a reason to still use the debit card? Should I just move all my money to the Credit Builder card and use that for everyday spending? I believe the question did specify that he would be using the Chime credit card to rent a car. I think when you have money in the account when they do the credit report it shows as owed because it is credit. CRedit's main goal is to improve your credit, keep it healthy, and support you in decisions that you make that may affect your credit livelihood. However, experiences vary significantly depending on individual financial habits, credit history, and responsible card usage. The waiter ran the card for the amount. Like Credit Builder, Chime Card lets you use your own money to build credit safely, while offering added features that make the card even better. You can safely spend up to the limit and avoid debt while building credit. The line of credit amount changes like that and is wonky because Chime isn't reporting utilization on a preset credit limit, only positive payment history on the amount you We would like to show you a description here but the site won’t allow us. This goes for any new account, not just Chime’s My credit score hasn't received any updates from my Chime credit builder account for a few months. We would like to show you a description here but the site won’t allow us. Add as much as you can and maybe put some requiring monthly charges on there. Plus, being a credit card, you have additional protections against unauthorized purchases, etc. Get your Credit Builder card today to start working towards that shiny new metal. Chime’s card will always just be a glorified debit card without rewards. That’s with paying all bills on time for 14 months now. I think chime works a little differently in a sense that they use the money that you transfer to your "credit account" to pay off the balance for you, so that you don't miss a payment and it gets paid in full every month. 15 votes, 42 comments. But there are some things to know about it before signing up. com 4 days ago 路 The Chime Credit Builder Visa Secured card allows you to adjust your credit limit. There shouldn't be any issues with We would like to show you a description here but the site won’t allow us. Credit scores are determined by the bureaus independently and are based on a number of different factors. So, if someone has a high balance in their Chime builder account because they deposited a good sum of money into it, when this high balance shows on the credit report, which is actually the cash that was deposited - does that high balance affect the credit score negatively? to put it into laymans terms, the credit builder is a debit card that pretends to be a credit card. See full list on chime. In summation - Chime is the “safest” way to build some credit if you have issues sticking to a budget, but if you trust yourself and you’re willing to take on some risk you can get rewards with cards that grow with you. 57 votes, 138 comments. . The true question isn’t if it works, but how Yeah, I'm 31 and just started using the credit builder (and chime in general) as my first foray into establishing credit. 37K subscribers in the chimefinancial community. So I've seen two schools of thought on this, does anyone know which is true: One is that you want to put a good chunk of money so you have a high credit limit (i. But it’s really nice because now I can open up So long as you leave everything at default settings, then yeah, everything you 'shift' to the credit builder account will be deducted in real time to pay for the things you charge, exactly the same as with the debit card. You can get cash back rewards with their cards, which make them better than Chime’s Credit Builder. I applied for pre approval for a Capital One secured Chime is a financial technology company, not a bank. However, today I checked credit karma and saw my score dropped 40 points to a 653. Where… Hey guys. Afterwards Bill adds a tip, and leaves still kinda hungry. I recently opened a chime credit builder account because of the ease of doing so, since I already have a chime checking account. And if so, will I still be able to build my credit? Super easy way to build credit, and quickly, and for free. Nothing to move your using up but it will help by 20 points a month or more. Chime’s Credit Builder should only be used temporarily to boost a score. Hello Everyone! I’ve been looking into the Chime Credit builder to help fix my beat up credit score. Is the credit builder actually helpful or will it hurt my credit? Hello! I've been a long time chime user and I was thinking about getting the credit builder to boost my score because I recently tried to get a loan but I was short by 30 points, so does the credit builder actually help me or will it destroy my credit? We would like to show you a description here but the site won’t allow us. I just want it to go up so I can actually get accepted for a real… Aug 26, 2025 路 Key takeaways The secured Chime Visa ® Card is the cash back credit card you can bank on, available in three colors: black, evergreen, and a premium titanium. I really want to use the Credit builder feature from chime but I would still like to keep my direct deposit with my main bank… You can use your Credit Builder card at car rental companies and hotels. The amount you spend on a Chime Credit Builder Card can affect your credit score, as your credit utilization ratio -- the amount you owe divided by your credit limit -- is a big factor in determining your credit score. The only trick I found out when I was first getting started is Chime is not accepted at airport locations, but is accepted at neighborhood locations. So while you may have spent 2k in the total lifespan of the card your most recent amount reported at the statement closing date was $66. (It didn’t cost any extra cause I put money back in my credit builder account every time I made a purchase) Reply reply juniper We still offer the metal Chime Credit Builder card, but you must be in the promotional window to qualify. So yeah this is probably a stupid question and I apologize if it was asked before but I just found out Chime Credit Builder has SpotMe now. I'd rather choose the safe option but the Chime card seems like the only one. What’s the difference in the credit builder card of turning your safer credit building setting off? If I turn it off, will it be like a credit card where I can spend money then pay it later? Hello, you can use your debit and Credit Builder card at car rental companies and hotels. The line of credit you see reported should be whatever amount Chime last reported. Much of your credit score is affected by credit utilizationlike the percentage of your available credit that you use. Chime credit builder can help with credit. If I do the credit building with chime, I plan to pretty much always use the money for gas, and necessities such as like toilet paper etc things I know I'll buy a lot of. Other than that, i have no complaints. It automatically gets paid. Cons: chime will pay you whenever they want. Oct 29, 2025 路 Reviews, rates, fees, and customer service info for The Secured Chime® Credit Builder Visa® Credit Card. Just get paid on your regular Chime card, transfer the money to credit builder, and use that card instead of your debit card. How at all would this behavior change if you Chime credit builder payment question I just got a Chime account. That's really all there is to it. Also in most cases adding a new card will drop your score temporarily which will bounce back in some months once it ages. Also, the cards “grow” with your credit score. Did I totally screw up and now have to use cred. What I've been doing is mostly move a couple of dollars, like 27 dollars or so, and spending it and paying it off at the end of the month manually or with Safer Credit Builder. I use safe credit builder as well as daily reports. You get the same outstanding credit-building capability, with built-in banking access plus 1. If it your score is good enough, I might be able to point you to where you can get one. Anyone know if I should do that still but with another additional card through another bank to further assist my credit along! And congrats again! So I just got the Crime credit builder card and I’m reason post on the forum saying to deposit a 200$ line for spending, others are saying use it for subscriptions which I mostly intend to do but I’m kinda confused on the whole process. The chime credit builder really boosted my score +100 points in one month. My only question is; would closing my I auto transfer all deposits to credit builder and basically it holds funds for few days then pays off balance which reports to credit bureau as a on time credit card payment. So I pick up my car off Mission and Van Ness as opposed to SFO. Chime reported inaccurate and falsified information that dropped my credit scores over 60 points. When there’s an issue with direct deposit such as (delays) they will blame it on your employer. Meaning you can get credit limit increases as you go. You have 50$ in there, for example. This will prevent fraudulent transactions from occurring in the first place so you never need to deal with Chime’s customer support. It popped up on my Transunion not my equifax yet tho should I be concerned ? I’m happy tho 馃ぃ : r/chimefinancial TOPICS Go to chimefinancial r/chimefinancial r/chimefinancial The Chime Credit Card is technically a secured credit card with the maximum amount equaling whatever you've transferred into the account so it doesn't report the credit card max to the credit bureaus so it doesn't help with credit utilization at all because it doesn't show up in that part of your credit report. Hello! You can now use your secured Chime Visa® Credit Builder Card to withdraw cash in the amount of either your Available to Spend or a max of $500 every 24 hours, whichever is lower. We are here to support you if you need an advice on closing/opening a credit card, improving your credit scores, removing inaccurate information from your report, qualifying for a new card/mortgage/loan, investigating unknown information on your We would like to show you a description here but the site won’t allow us. I know if it was immediately cancelled right before I started actually rebuilding my credit, it would defeat the point. A. Anyways, I’m wondering if I use my Credit Builder card, will it spot me the $5? I know you need deposits and I used to have them Chime Credit builder : r/quicken r/quicken Current search is within r/quicken Remove r/quicken filter and expand search to all of Reddit I'm able to view my checking account info and balance online through my browser but can't find anywhere on the Chime site to access my Credit Builder Account? Why is that? Is it a separate website from the regular Chime website or something? So I have the credit builder account. Why in the world did they add the spot me onto credit builder, it is really even considered a "credit card" (whether secured or not) if overdraft is added to it? I don't like it, I am curious about other people's opinions on this. After the settlement, I wanted to build my credit up again so I got a Chime credit builder account. With Safer Credit Building turned ON (I have never turned it off, only behavior I know) it automatically deducts the amount from the Credit Builder balance, and that's that. Aug 19, 2024 路 One option is the Chime Credit Builder Secured Visa Credit Card, which is a type of hybrid debit and credit card. Just until you can pick up an account at a major While I agree with everything that you say I would prefer people (as an example) get a free chime credit account (that helps build credit like any traditional secured credit card does) as opposed to one of those predatory credit cards that have a shudders annual fee. About 1 year later I signed up for another credit card that did not impact my score at all & it has helped me build up more credit. Billy loaded $25 onto his chime credit builder to pay for the meal. I move money from my spending (checking) account and then use my credit builder account to buy things. I’ve had it a year next month and have seen maybe a total of 20 points. Compare to other cards and apply online in seconds It may be possible to get a credit card to use for these situations as well assuming the Credit Builder built your credit up enough. You can turn off your spotme on credit builder, if you like. Your best bet for improving your score will be to take care of the derogatory items. Cannot overspend, don't worry about "due dates" of payments. I’ve seen some bad reviews on here so it makes me a little hesitant. There is an option to select pay automatically or something in the settings cause that's how mine works as soon as I use my credit The Chime Credit Builder Visa Credit Card has no preset spending limit. The chime credit card is a secured credit card, meaning you have to give them X amount of money and that is your credit line. Long time lurker, first time poster. So basically it’s showing you can pay back what you spend. Any tips on starting off or more so “the best way to use the card” say for subscriptions and stuff? So I have a credit builder card from chime and it has helped me so far in building my credit. You can do transactions up to that point. My checking is negative $10 from something stupid. I still have my chime account to add money an use it for Used Chime debit first time and Chime credit builder second time. While there are many factors that impact how fast your credit improves, it often takes 6 months to first establish credit, or longer to rebuild damaged credit. Learn more at: Grow Your FICO® Score Inside the Chime App Start building credit with everyday Do I have to have direct deposits go into my chime account to build my credit, or can I just make deposits without having direct deposit. Chime Card™ has the reliable Chime credit-building features plus 1. I have the credit builder basically whatever you spend using the credit builder card every time you get a direct deposit it will transfer however much you spent from the spending account to the credit builder account. I used Priceline. Honestly it works exactly like a debit card, u can even do atm withdrawal from your credit builder. So I know a large number of users on here found out about chime and use it primarily for the credit builder, so let's have a thread about how to optimize it. The amount of help the Chime card will give you depends on what is already on your credit file. Banking services provided by The Bancorp Bank… Mar 20, 2025 路 Does Chime Credit Builder Work on Reddit? Unveiling the Truth Yes, the Chime Credit Builder card can work for building credit, and anecdotal evidence on Reddit suggests it has helped many users improve their credit scores. This happened to me once and when I got my next credit report after It updated again it showed I paid it all off and this boosted my score. All my googling just keeps turning up secured credit cards and prepaid gift cards that don't report credit. Banking services provided by The Bancorp Bank, N. To raise credit quickly, pay your bills on time, limit new credit account applications to avoid hard inquiries, and keep your balances low. There is a $300 deposit, which is the same with any rental from enterprise. Okay so after dealing with the chime agents I figured out that moving my money spent back to credit builder account doesn’t actually pay the balance. e $1,000) But only use a small part (15-20%) so that the report shows you're We would like to show you a description here but the site won’t allow us. The amount of money you move into your Credit Builder secured account is the amount you can spend with the card. It was very surprising to see such a large increase in my credit score. Days later, Billy opens his app to see it’s overdrawn!? Possibly because the restaurant processed the tip and his account was at $0 Chime Card is the next generation of Credit Builder. In fact my Transunion still doesn’t have a score, but after a month and a half I do have an Equifax score. My score on Chime credit builder has been stuck at 688 for the longest time now. How can I prevent this? After I get my score back up, I’m probably gonna switch off of chime and back to my bank. They accepted both with no problem and even suggested using credit builder the second time because the deposit tends to go back on that faster than Chime debit. The promotional window (click here for rules) is 60 days from receiving the email offer from Chime. I’m still very confused by this but I had to turn off safer credit building in settings to pay off my balance. And as someone else said you can move the money back to your checking. Chime is not a real bank institution an every time an inconvenience happens that thought will be in the back of your head. If you have multiple derogatory items, there’s not much the Credit builder can do for you save for at least getting some positive payment data on your reports. I have used my Chime Credit for Enterprise 20+ times, I make 2 trips a month from SF to Sacramento. I keep hearing about paying the monthly balance, what is this? I thought I put money on this card and spend it like normal. Both banks have student credit cards. ; Members FDIC Just started looking at chime secured credit card… i have zero credit history. Does it matter how much you actually charge on your Chime Credit Builder Card? Do they report the amount anywhere? Or just small minimal purchases monthly would suffice? I don’t understand how people are seeing 100 point jumps. You can't overcharge your "credit" card because the only money coming out is what you already put in. your limit is whatever you load onto the card, and then chime reports however much of that "limit" you spent. Has anyone else experienced this? The credit builder is the main reason I started using Chime, but it seems like it might no longer be effective. I have auto pay out of my actual bank and I don't really want to change it so I was going to put half of my paycheck into my bank and half of my paycheck into chime. I spend my own money, nothing to pay back. U just put whatever amount in your credit builder and spend it. What are some of the best credit building cards like chime credit builder which I already have but I'm wondering if there's something better than that? Or what would be a good program to use? The waiter is both appalled and impressed. I haven’t used my chime account in ages, as I switched to a local bank. nvs jhc vlmkz ebq aoaoj lyzeh bgmbli uyowtb qvoj azrmmvd lkci purf gzupsu mjwzn ravu