Key Points to Consider Before Applying

The Chime Visa is a secured credit card designed to help you: establish credit history, spend confidently, and enjoy added security! 

Chime stands out as a major player in the digital banking realm, focusing heavily on tech innovation for a disruptive approach. 

The Chime Visa functions as a secured credit card that also serves as a credit builder. This secured card necessitates a security deposit.

Chime has no set minimum amount, and it can fluctuate significantly, reaching a maximum of $10,000. Your financial situation determines the amounts, okay? 

With this credit deposit, you have a matching amount available to spend. So, if you deposit $1,000, your credit limit will also be $1,000. 

As time goes by, you pay your bill. If you maintain proper payment habits, your deposit will stay untouched.

Your deposit is only utilized if you miss a payment and do not settle your bill, leading to card cancellation and the deposit covering the debt. 

However, if you consistently pay on time, you’ll keep the card without any issues.  Timely payments are crucial for building your credit history.

This is because credit bureaus recognize your timely payments, which is very favorable and boosts your credit score. 

Your card reports to the three main credit bureaus: TransUnion, Equifax, and Experian. Each purchase you make enhances your card usage and strengthens your credit history. 

This significantly impacts not only your ability to get more credit cards but also any purchases that take your credit score into account.

Who is Eligible to Apply?

Chime provides much better terms compared to standard credit cards that most individuals are familiar with. 

This indicates that a comprehensive credit evaluation won’t be conducted to either approve or deny the card. 

With Chime, you won’t face that issue, and to obtain your secured credit card, you must first be a Chime customer with an active account at the institution. 

To get the card, it’s essential to have an account along with a direct deposit of no less than $200. 

What Are the Steps to Apply for the Chime Card?

To obtain the credit card, you should confirm your status as a Chime customer. 

In both scenarios, you can click on the “Sign Up Now” button to initiate the process of getting your Chime Visa. 
If you’re not yet a customer, you can start by providing: 

• Name and email 

Next, you’ll need to submit your date of birth as you must be at least 18 to qualify as a Chime customer. 

The following step is to provide a phone number along with your complete address, ZIP code, city, and state. 

During the setup of your account, you might also need to share some details regarding your employment and income. 

After becoming a Chime customer, you can request your secured card by following the application process outlined for it. 

Moreover, if you’re already a Chime customer, you can easily log into your account on the bank’s official platforms to request the card. 

It’s important to note that you can maintain an account without applying for the secured credit card since Chime also provides a debit card option. 

If you have any queries, you can always count on customer support via Chime’s help channels.

Additional Insights

The Chime card is a Visa card, recognized globally, making it a convenient choice both in the U.S. and abroad. 

When shopping worldwide, the Chime card functions like any other credit card—you can shop, tap to pay, and check out effortlessly. 

As a holder of a Visa card, you’ll get transaction notifications. If a charge looks suspicious, SpotMe protects you for up to $200, in addition to Fraud Protection. 

Interested in exploring another option?

The Wells Fargo Reflect is geared for those with a solid credit background and comes with no fees at all.

This card features a starting credit limit of $1,000, offers special discounts, and includes cell phone protection. Check out how to apply.