W
WiseIQ Editorial Team
Reviewed by certified financial experts  ·  Updated April 2026
About our team →

The Chime Credit Builder Secured Visa® is one of the most accessible credit-building tools available. Unlike most secured cards that require a $200+ security deposit, Chime has no minimum deposit requirement — you move whatever amount you want from your Chime Checking Account into the Credit Builder secured account, and that becomes your spending limit.

There's no annual fee, no interest charges (since you're spending your own money), and no credit check. The card reports to all three major credit bureaus each month. Chime's Safer Credit Building feature automatically pays your full balance each month, eliminating the risk of missed payments.

Chime Credit Builder Secured Visa®

No annual fee · No credit check · No minimum deposit · Automatic full payment option · Reports to all 3 bureaus

Open a Chime Account →

Related Articles & Guides

How Chime Credit Builder Works

WISEIQ TOP PICK
PERSONAL LOANS
Upstart logoUpstart
Best for fair & thin credit · AI-powered approval
APR RANGE
7.80%–35.99%
LOAN AMOUNT
$1K–$50K
MIN. CREDIT
300
✓ No prepayment penalty ✓ Funds in 1 business day ✓ Soft pull pre-qualification ✓ Considers education & job history
Check My Rate →
No credit score impact
WiseIQ may earn a referral fee if you apply through this link. Rates shown are representative and may vary. See Upstart's website for full terms.
FeatureDetails
Annual Fee$0
Security DepositNo minimum — move any amount from Chime Checking
Credit CheckNone (soft pull only)
Interest ChargesNone — you spend your own money
Credit Bureau ReportingExperian, Equifax, TransUnion
Safer Credit BuildingAuto-pays full balance each month
Spending LimitEqual to your Credit Builder balance
EligibilityMust have Chime Checking Account with qualifying direct deposit

✓ Pros

  • No annual fee, no interest, no minimum deposit
  • No credit check required
  • Safer Credit Building prevents missed payments
  • Reports to all three credit bureaus
  • No risk of going into debt — spend your own money

✗ Cons

  • Must have a Chime Checking Account to qualify
  • No cash back rewards (unlike Discover it Secured)
  • Spending limited to your Credit Builder balance
  • No path to an unsecured card within Chime
  • Chime is not a traditional bank (no FDIC insurance directly — deposits held at partner banks)

Chime Credit Builder — Start Building Today

No credit check · No minimum deposit · No annual fee · Automatic payment protection

Get Started →

Related Articles & Guides

Frequently Asked Questions

Does Chime Credit Builder require a credit check?

No. Chime does not perform a credit check when you apply for the Credit Builder card. You must have a Chime Checking Account with at least one qualifying direct deposit to be eligible.

What is the minimum security deposit for Chime Credit Builder?

There is no minimum security deposit. You move money from your Chime Checking Account into the Credit Builder secured account, and that amount becomes your spending limit.

Does Chime Credit Builder have an annual fee?

No. The Chime Credit Builder Secured Visa has no annual fee, no interest charges, and no minimum deposit requirement.

How does Chime Credit Builder report to credit bureaus?

Chime reports your payment history to Experian, Equifax, and TransUnion each month. The card also offers a 'Safer Credit Building' feature that automatically pays your balance in full each month, ensuring you never miss a payment.

Is Chime Credit Builder better than Discover it Secured?

Chime is better for people with no bank account or those who want zero fees and no minimum deposit. Discover it Secured is better for people who want to earn cash back rewards while building credit. See our full comparison for details.

Sources & Methodology

WiseIQ's editorial team researches and fact-checks all content using primary sources. Our recommendations are based on independent analysis and are not influenced by advertiser relationships.

Last reviewed: April 3, 2026  |  How we rank products