The blog will provide complete information about chime credit card, what is the chime credit card limit, and how are the chime credit card reviews. Without wasting any time here, let’s find out more about all the things that we need to know.
Chime Credit Card
- The chime Credit Builder card is basically a secured credit card.
- This works just like any other regular credit card.
- You can buy groceries, gifts, or any other household item without any annual interest, no credit check, and no fees.
How does it work
- For opening a Chime credit buelder, you first need to open a checking account( basically it’s a spending account).
- Users can easily make purchases up to the amount in their spending account, which is automatically deducted from their spending account.
- After this Chime reports all your on-time payments to all the major credit bureaus for every month.
- This helps you to build your credit, so it works like a credit card as well.
- The next time you want to use your card, transfer the amount of money from your spending account.
- This enables you to use and spend money from anywhere Visa is accepted, which happens to be almost everywhere in this world.
- Let’s take for example a user who has $200 and you put $100 worth of goods and don’t add any extra money to your account.
- The credit limit for the preceding month is now $100. If you then add $150 to your account, now your new credit limit is $250.
What is the Chime Credit card limit?
- Let me make this point very clear that, unlike many other cards, Chime Credit buelder is a completely secured card that keeps your money safe.
- The card does not require you to keep a minimum security deposit but remember that your spending limit totally equals the amount that you transfer from your Chime Spending Account directly to your Credit Builder Secured account.
- One thing to always remember here is the minimum amount you can deposit to your Chime Spending Account is the sum of $200.
- The app then reports to all the three major credit bureaus monthly, that made your payment toward that credit card on time.
- Doing this saves you from taking any debt, paying any sort of annual fees along with reducing the risk any individual would probably have with a regular credit card but still you get all the benefits for building your credit score.
How to Apply for Chime Credit Card?
- There are several ways for Chime Credit Card Apply. To apply for a credit card you have multiple options such as –
- Online where you might get it approved instantly in no time.
- Another way could be the face-to-face experience where you can also apply in person.
- The advantage of replying to a person simply means that you shall receive a quicker response on its approval because you can ask questions right at that point in time.
- The phone is another way of applying for the Chime Credit card.
- Directly call them at their toll-free number 1-844-244-6363.
- The least convenient method is applying through email.
- It will take at least two weeks for a response if you apply this method.
Documents you need for applying for a credit card
- Full Legal Name
- Date of Birth
- Address( You must have a validated U.S. address)
- Annual Income
- Housing costs
- Social Security number or any other taxpayer identification.
When you have a look at the Chime credit card reviews, you would simply get the answer to have this credit card. All its users have absolutely satisfied with the services provided. Its online access is simply wonderful and hassle-free.
This was it for the blog. All the viewers now have a good idea about the functioning and working of the Chime card. The process we learned for applying for the card and the steps that are required to follow it.
With this, we conclude the blog for today.
