The qualifying direct deposit must be from your employer, payroll provider, gig economy payer, or benefits payer by Automated Clearing House (ACH) deposit OR Original Credit Transaction (OCT). To apply for Credit Builder, you must have received a single qualifying direct deposit of $200 or more to your Chime Checking Account. Just make sure the credit building feature is turned on in your account for reporting. Your progress will be reported to the three major credit bureaus - TransUnion, Equifax and Experian. You can then use your Credit Builder card wherever Visa is accepted and make on-time credit card payments to build your credit. There’s no set credit limit - however much you move into your Credit Builder secured account will serve as your credit limit. When you’re approved for the Credit Builder card, you can move money from your checking account to your credit card account.

To get started, you’ll set up a Chime checking account and must receive a direct deposit of at least $200 from your employer or another source of income.

The Credit Builder card is one way you can build or repair your credit. Here’s everything you need to consider before opening a Chime Credit Builder Secured Visa card. There are plenty of pros and cons to weigh - especially against similar cards. You’ll also need to open a Chime checking account and make a qualifying direct deposit in the account to use this card. However, the Credit Builder lacks perks that come with traditional credit cards, like earning rewards. You’ll then replenish your deposit to begin using this card again. Like other secured cards, Chime lets you access your security deposit and use it to pay down your balance - a feature that can prevent you from ever missing a payment. The Chime Credit Builder Secured Visa® Credit Card is a secured credit card that can help you build your credit for the first time or help you repair your credit.

Chime direct deposit limit