The Chime Credit Builder Visa card can help you increase your credit score by an average of 30 points

A low credit score will bother you. Trivial tasks such as renting a car or signing up for a new mobile phone plan will make you nervous because you know your low credit score is always lurking behind you.

Getting a new credit card and paying on time is one of the best ways to get a higher score. But when your score keeps scaring off lenders, how do you get a credit card?

With guarantee Chime Credit Builder Visa® Credit Card, You can help your credit score increase by 30 points¹ Average-even if you are not eligible for a typical credit card.

How to start building your credit

If your credit history is full of overdue payments, delinquent accounts, or you don’t have too many records at all, credit card companies are reluctant to bet that you will repay all the money borrowed from them.

However, secured credit cards such as Chime’s credit builder Gives you the opportunity to place bets for yourself and prove that you have sufficient financial responsibility to manage more credit-you can get this card without a minimum deposit.² To apply, all you have to do is set up a Chime checking account and make a qualifying direct deposit of at least $200.³

Then simply transfer the money to your Credit Builder secure account-this will become your credit limit and the money you use to pay the balance. This card does not need to go through strict credit checks to be approved-your deposit is your guarantee for repayment of your loan.

How it works

Chime will report your payment history to major credit bureaus. When you start paying monthly on time, your credit history will start to improve, so your credit score may increase.⁴

Unlike traditional credit cards, Chime will not blame you for maxing out your credit card. Just make sure you pay at least the minimum monthly payment.

You can also record your score in the Chime app, where you can view your credit score and its influencing factors. Therefore, if your score does not improve much due to payment on time, you can figure out what else might reduce your score.

See how much you can improve your credit score

Chime’s Credit Builder card is different because it has no annual fee, no maintenance fee, no interest, and no hard credit check.

Apply for a free Chime Credit Builder card now. There is nothing to lose, even if it is your deposit, there is nothing to lose, but you can get so many credit score points.

Start here See how many points you can add to your credit score.

Banking services for Chime checking accounts are provided by The Bancorp Bank or Stride Bank, NA, member FDIC. The Chime Visa® debit card is issued by The Bancorp Bank or Stride Bank under the license of Visa USA Inc. and can be used wherever Visa debit cards are accepted. Please check the back of your card for the issuing bank. The Chime Credit Builder Visa® credit card is issued by Stride Bank under the license of Visa USA Inc. and can be used wherever Visa credit cards are accepted.

The opinions, suggestions, services or other information or content expressed or contributed by customers, users or others here are the opinions, suggestions, services or other information or content of their respective authors or contributors, and do not necessarily state or reflect The Bancorp Bank and Stride Bank NA (“Bank”). The bank is not responsible for the accuracy of any content provided by the author or contributor.

¹According to a representative study conducted by TransUnion®, members who started using Chime Credit Builder in September 2019 observed that by January 2020, the median credit score (VantageScore 3.0) increased by 30 points. On-time payment records can have a positive impact on your credit score. Delays in payment may have a negative impact on your credit score.

² The funds added to Credit Builder will be kept in a secure account as collateral for your Credit Builder card, which means you can spend up to this amount on the card. You can use the money to pay off the expenses at the end of each month.

³ In order to be eligible to apply for Credit Builder, you need to receive a qualified direct deposit of $200 or more into your checking account within 365 days of your Credit Builder application. Eligible direct deposits must be made by your employer, payroll provider, or benefit payer through an automated clearing house (ACH) deposit. Bank ACH transfers, Pay Friends transfers, verified or trial deposits from financial institutions, peer-to-peer transfers from services such as PayPal, Cash App or Venmo, mobile check deposits, and cash deposits or deposits are not eligible for direct deposit.

⁴ On-time payment history will have a positive impact on your credit score. Delays in payment may have a negative impact on your credit score. Chime will report your activity to Transunion®, Experian® and Equifax®. The impact on your credit may be different because credit scores are independently determined by credit bureaus based on many factors, including financial decisions made by you and other financial services organizations.