It should come as no surprise that they offer the Chime Credit Builder for the same purpose. Chime can do this because they don’t run a credit check on consumers, nor do they pull a ChexSystems report to investigate negative impacts from your past. They offer savings and checking accounts specifically for consumers who have credit issues. The Chime Credit Builder works like a debit card + secured card and helps you build your credit rating just like a credit card.Ĭhime specializes in working with those who have poor credit or no credit at all. Through its award-winning financial app and debit card, Chime provides a broad range of services including a Chime Checking Account, a Credit Builder Account, and a Savings Account.Ĭhime proudly states that its business model does not rely on overdraft fees, minimum balance requirements, or monthly fees. If you’re looking to build or rebuild your credit, the Chime Credit Builder may be the account to get started with.Ĭhime is a financial technology company whose mission is to provide basic financial services that are “helpful, easy, and free”. The card does not require a security deposit or a credit check to qualify for it. But how many come with a 0% APR and no fees? As it turns out, there is one – the Chime Credit Builder. There are a growing number of credit builder loans and credit builder credit cards available on the market today.
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