Chime credit builder reddit. Other than that, i have no complaints.

Chime credit builder reddit Oct 29, 2025 · Reviews, rates, fees, and customer service info for The Secured Chime® Credit Builder Visa® Credit Card. 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. Pros: Chime has spot me. It automatically gets paid. 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. Nothing to move your using up but it will help by 20 points a month or more. 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. I just want it to go up so I can actually get accepted for a real… Aug 26, 2025 · 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 don't trust myself with a Capital One card or any regular card that works like that. Chime will not take responsibility or accountability and refuses to admit to the problem or change the information. Chime then uses the money set aside to pay off your charges. 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. Much of your credit score is affected by credit utilizationlike the percentage of your available credit that you use. Get your Credit Builder card today to start working towards that shiny new metal. 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. com 4 days ago · The Chime Credit Builder Visa Secured card allows you to adjust your credit limit. A secured credit card was perfect for me at the time & was convenient because I already had a Chime account. 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. So basically it’s showing you can pay back what you spend. Did I totally screw up and now have to use cred. 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. 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. Add as much as you can and maybe put some requiring monthly charges on there. However, experiences vary significantly depending on individual financial habits, credit history, and responsible card usage. When you put money in credit builder, Chime puts that money aside in a secured account. 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. 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. Where… Hey guys. 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. Aug 19, 2024 · One option is the Chime Credit Builder Secured Visa Credit Card, which is a type of hybrid debit and credit card. See full list on chime. I keep hearing about paying the monthly balance, what is this? I thought I put money on this card and spend it like normal. 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. Afterwards Bill adds a tip, and leaves still kinda hungry. Chime’s card will always just be a glorified debit card without rewards. 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. 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. Billy loaded $25 onto his chime credit builder to pay for the meal. The chime credit builder really boosted my score +100 points in one month. 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. 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. Honestly it works exactly like a debit card, u can even do atm withdrawal from your credit builder. Just remember, you can always manually and instantly transfer money back and forth at any time from credit to debit and vice versa. I think when you have money in the account when they do the credit report it shows as owed because it is credit. I use safe credit builder as well as daily reports. 37K subscribers in the chimefinancial community. U just put whatever amount in your credit builder and spend it. Your regular Chime card and credit builder card each have their own separate card numbers. 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. You get the same outstanding credit-building capability, with built-in banking access plus 1. It popped up on my Transunion not my equifax yet tho should I be concerned ? I’m happy tho 🤣 : 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. 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. 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. You can do transactions up to that point. You transfer money from your spending account into your Credit Builder account. Also, the cards “grow” with your credit score. There is a $300 deposit, which is the same with any rental from enterprise. 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. Banking services provided by The Bancorp Bank… Mar 20, 2025 · 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. Chime’s Credit Builder should only be used temporarily to boost a score. After the settlement, I wanted to build my credit up again so I got a Chime credit builder account. 😳😳😳 I’m so glad I took these steps to get it done I’m blown away. 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. Hey! So I’ve been with Chime for about almost a year now. 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. 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. When there’s an issue with direct deposit such as (delays) they will blame it on your employer. 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. Credit Builder cash withdrawals will not impact your Chime Spending Account ATM withdrawal limit. However, if you’re interested in increasing your chances of being included, try the following: Track and boost your FICO® Score with Experian®. However, today I checked credit karma and saw my score dropped 40 points to a 653. Go to settings > SpotMe > Manage SpotMe accounts I have used spotme on both accounts simultaneously. 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. 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. Other than that, i have no complaints. And I am going out to Los Angeles in a couple months. I just need help understanding how this works. 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. I know if it was immediately cancelled right before I started actually rebuilding my credit, it would defeat the point. I spend my own money, nothing to pay back. The waiter ran the card for the amount. Hi there! We love to see you taking an interest in improving your credit score. 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. ; Members FDIC Just started looking at chime secured credit card… i have zero credit history. Cons: chime will pay you whenever they want. 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. Banking services provided by The Bancorp Bank, N. Sometimes, these merchants will charge a higher amount upfront in case other costs come up - like a security deposit. 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. Just get paid on your regular Chime card, transfer the money to credit builder, and use that card instead of your debit card. 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. I still have my chime account to add money an use it for Used Chime debit first time and Chime credit builder second time. I'm literally starting from zero. Hello Everyone! I’ve been looking into the Chime Credit builder to help fix my beat up credit score. 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. your limit is whatever you load onto the card, and then chime reports however much of that "limit" you spent. The promotional window (click here for rules) is 60 days from receiving the email offer from Chime. To know whether the Chime credit card is right for you, understand how it works. I move money from my spending (checking) account and then use my credit builder account to buy things. You can get cash back rewards with their cards, which make them better than Chime’s Credit Builder. 57 votes, 138 comments. I used Priceline. That’s with paying all bills on time for 14 months now. I’m still very confused by this but I had to turn off safer credit building in settings to pay off my balance. In fact my Transunion still doesn’t have a score, but after a month and a half I do have an Equifax score. This will prevent fraudulent transactions from occurring in the first place so you never need to deal with Chime’s customer support. 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'd rather choose the safe option but the Chime card seems like the only one. I’ve had it a year next month and have seen maybe a total of 20 points. e $1,000) But only use a small part (15-20%) so that the report shows you're We would like to show you a description here but the site won’t allow us. You can't overcharge your "credit" card because the only money coming out is what you already put in. Why in the world did they add the spot me onto credit builder, it is really even considered a "credit card" (whether secured or not) if overdraft is added to it? I don't like it, I am curious about other people's opinions on this. 15 votes, 42 comments. Anyone know if I should do that still but with another additional card through another bank to further assist my credit along! And congrats again! So I just got the Crime credit builder card and I’m reason post on the forum saying to deposit a 200$ 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. My checking is negative $10 from something stupid. Your best bet for improving your score will be to take care of the derogatory items. 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. There shouldn't be any issues with We would like to show you a description here but the site won’t allow us. Chime is a financial technology company, not a bank. We would like to show you a description here but the site won’t allow us. 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. Cannot overspend, don't worry about "due dates" of payments. Chime credit builder can help with credit. 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. A. This led to me filing a ton of complaints with Consumer Finanical Protection Bureau, BBB, and my State Attorney General. 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. 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 applied for pre approval for a Capital One secured Chime is a financial technology company, not a bank. It was very surprising to see such a large increase in my credit score. 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 haven’t used my chime account in ages, as I switched to a local bank. 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. 5% cash back rewards on rotating categories (with direct deposit) §§. Is it a good fit for me? With the credit builder you add money to the credit builder account. Also in most cases adding a new card will drop your score temporarily which will bounce back in some months once it ages. And if so, will I still be able to build my credit? Super easy way to build credit, and quickly, and for free. 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. If it your score is good enough, I might be able to point you to where you can get one. My credit score is 580, and I'm trying to improve it, but it seems like Experian isn't getting updated. You can turn off your spotme on credit builder, if you like. I have only opened a Chime credit card, and 6 months later, I have a 683 credit score. 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. 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’ve seen some bad reviews on here so it makes me a little hesitant. You can safely spend up to the limit and avoid debt while building credit. 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. But there are some things to know about it before signing up. Just like ONE's credit builder (RIP). I recently opened a chime credit builder account because of the ease of doing so, since I already have a chime checking account. 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. (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. Got approved for the credit builder card, and set $150 on the card. 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. 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. Consistent use of Credit Builder can help you build payment history, increase the length of your credit history over time, and more. 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. Chime Card™ has the reliable Chime credit-building features plus 1. 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. 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. My credit always seems to go down. To raise credit quickly, pay your bills on time, limit new credit account applications to avoid hard inquiries, and keep your balances low. Plus, being a credit card, you have additional protections against unauthorized purchases, etc. or Stride Bank, N. 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. 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 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. 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. All my googling just keeps turning up secured credit cards and prepaid gift cards that don't report credit. 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. Long time lurker, first time poster. 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. Therefore, places that accept credit cards would also accept Chime Credit Card since it is indeed a credit card. Meaning you can get credit limit increases as you go. 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. My first time renting a car. 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. That's really all there is to it. The line of credit you see reported should be whatever amount Chime last reported. 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. 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. . So I pick up my car off Mission and Van Ness as opposed to SFO. 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. And as someone else said you can move the money back to your checking. Credit scores are determined by the bureaus independently and are based on a number of different factors. 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. I have used my Chime Credit for Enterprise 20+ times, I make 2 trips a month from SF to Sacramento. 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 · The secured Chime Visa® Credit Card can help you build credit. The amount of money you move into your Credit Builder secured account is the amount you can spend with the card. 5% cash back rewards on rotating categories (with direct deposit) and access to cash at ATMs. How at all would this behavior change if you Chime credit builder payment question I just got a Chime account. Both banks have student credit cards. My score on Chime credit builder has been stuck at 688 for the longest time now. 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. You have 50$ in there, for example. I use mine for everything. Chime reported inaccurate and falsified information that dropped my credit scores over 60 points. 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. I love Chime, can wait til they add the credit card function as some portals only take real credit cards instead of debit. 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. Whatever you deposit is your credit limit. The amount of help the Chime card will give you depends on what is already on your credit file. Chime is not a real bank institution an every time an inconvenience happens that thought will be in the back of your head. rln kxhaxc scxy vjv kuza jbrbt eowvglgx kbppy owv bfrdc rhcuv geite njgst blypf enfx