Credit Cards » Credit Card Reviews » Chime® Credit Builder Card Review 2021
Advertiser Disclosure

This website is an independent, advertising-supported comparison service. The product offers that appear on this site are from companies from which this website receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This website does not include all card companies or all card offers available in the marketplace. This website may use other proprietary factors to impact card offer listings on the website such as consumer selection or the likelihood of the applicant’s credit approval.

This allows us to maintain a full-time, editorial staff and work with finance experts you know and trust. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impacts any of the editorial content on The Smart Investor. While we work hard to provide accurate and up to date information that we think you will find relevant, The Smart Investor does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof.

Learn more about how we review products and read our advertiser disclosure for how we make money. All products are presented without warranty.

Chime® Credit Builder Card Review 2021

The Chime card has no annual fees and no APR, can be perfect for those who want to build credit since it report to the 3 main credit bureaus

We may receive compensation from companies that appear on this page. This may impact how and where products appear on a page (including, for example, the order in which they appear). It doesn’t affect our unbiased editors’ opinions. our opinions are our own.

Table of Contents

Building credit to recover from a credit misstep or establishing your credit for the first time can be a challenge. Most cards require that you have an ability to prove that you can manage credit to qualify, which can be a catch 22. The Chime Credit Builder card was created to provide a solution. It is designed to pair with a Chime Spending Account. You can use money from your account to fund your Credit Builder card. You can then use your card with any retailer or store where Visa is accepted. 

Chime will report your card activity to Equifax, TransUnion and Experian. Additionally, there is an option to turn on the Safe Credit Building feature. This automatically pays the balance of your card on time.

Chime Credit Builder Card
chime credit card review

On Chime's Secure Website

Rewards Plan


Sign up Bonus


0% Intro






Annual Fee


Balance Transfer Fee


Credit Requirements

No Credit – Poor

The card also has other attractive features. There are no fees, including annual fees. The card has 0% APR and requires no deposit. Best of all, there is no credit check to qualify. The card does not have a credit limit, so while Chime will not report your credit utilization, this can work to your advantage. Many poor credit cards have a low limit. This means that even if you only have small charges on the card, it can lead to a high credit utilization ratio that can hurt your credit score. 

The main limitation of the card is that the balance in your account will dictate your card limit. So, if you have $300 in your account and use $150 to pay your Chime Credit Builder Card, the limit in the following month will be $150 until you add more funds to your account. 


Let’s take a look at the benefits of this credit card and see if it’s the right one for your wallet or not.

One of the most attractive benefits of this card is there are no fees at all. This means no annual fee, no interest, no foreign transaction fees. So, you don’t need to worry about racking up charges that will compromise your finances and credit. 

Unlike most cards, there are no credit check requirements to apply for the Chime Credit Builder Card. The only restriction is that you need to have a Chime Spending Account that will link to your card.

If you’re concerned about making your payments on time each month, you can enable Safe Credit Building. This will automatically take your monthly payments from your Spending Account. There is no requirement that you retain the balance in your account as a set security deposit and have separate funds to cover your card. 

You can set your own credit limit with no minimum deposit. Your limit will be equal to the deposit in your Chime Spending Account.

The only restriction is that you need at least one direct deposit to your Spending Account within a year of your application date. This should be $200 or more. You can use the funds from your Spending Account to pay your Credit Builder Card each month. 

Another great advantage of this card is that Chime reports your card activity to all three of the major credit bureaus. This will help you to build your credit, making it easier to apply for credit in the future. 


Let’s take a look at the drawbacks of this credit card and see if it’s the right one for your wallet or not.

This card is designed to work with a Chime Spending Account. So, you must open an account first. 

Since the balance in your Spending Account determines your credit limit, it can go both up and down. For example, if you use the funds in your Spending Account to pay your monthly bill, you will need to transfer in more funds or your card limit will drop. 

Chime does not offer an upgrade to a standard credit card, once you have established a better credit score. 

You will need some funds to use as a deposit and set your credit limit. So, if you are short of cash, this card will not provide great benefits for you. 

If you want to build your credit, you may prefer to have a card that will provide a credit utilization score to the major credit bureaus. 

Application Process

The Chime Credit Builder Card is only available for Chime Spending Account clients. If you don’t already have a Spending Account you will need to sign up for this first. Once your account is open, you can proceed with your Credit Builder Card application. 

Chime builder credit card

You can begin the application process online. Simply click the green “Apply Now” button to start. 

Chime builder credit card

You’ll need to then provide your name and a valid email address. 

Chime builder credit card

You can also apply using the Chime app. The application link is under settings. You’ll see a “Try Credit Builder” under the Credit Builder Card tab. 

Chime builder credit card

Credit Card Reviews Methodology

In order to determine the best possible credit cards, we look at things like fees, interest rates and rewards. We do this with companies that are associated with us as partners as well as other offerings. From there, we make a decision about what the best card is related to different categories and needs. We focus on interest rate cost & fees, especially the cost of carrying a balance, rewards – cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely usability – cards that accept a wide range of credit profiles and offer simple solutions for things like checking your credit score or contacting. We also consider customer reviews.

We look at cards related to good or excellent credit ratings that will then provide a range of different benefits and improvements for someone who has these scores. We also look at low fees when it comes to those who have lower credit scores.