The Chime Visa Credit Card is a great way to build up your credit history and score.
But is it the right card for you?
Keep reading to find out.
Is the Chime Credit Card Worth it?
When it comes down to it, the Chime Credit Card is a great option for anyone who is looking for a new credit card with no annual fee and no foreign transaction fees. However, if you’re looking for a card with rewards or a low interest rate, you may want to consider other options.
How Does the Chime Credit Card Stack up to Other Cards?
The Chime Credit Card has a lot of great features, like no annual fee and no foreign transaction fees, which make it a great option for anyone who travels or uses their credit card frequently. Additionally, the Chime card comes with Visa’s Zero Liability policy, which protects you from unauthorized charges.
The Chime Credit Card definitely has some great features, but it also has some cons. For example, it doesn’t offer any rewards or benefits, like other credit cards do. Additionally, if you’re looking for a card with a low interest rate, the Chime Credit Card may not be the best option, as it has a variable APR of 18.74%.
What Credit Rating Do You Need to Get Approved?
In order to be approved for the Chime credit card, you’ll need a credit score of at least 640.
If you have a good credit history, you’re likely to be approved for the card. However, if you have a poor credit history, you may not be approved or may only be approved for a secured credit card.
What’s the Average Credit Card Approval Limit?
The average credit limit for the Chime credit card is $1,500. This is a relatively low limit, which may not be suitable for everyone. If you’re looking for a credit card with a higher limit, you may want to consider other options.
Chime Card Details
The Chime credit card has a variable APR of 18.74%, which isn’t as high as many store credit cards, but is still a relatively high APR.
The Chime credit card comes with a lot of great features, like no annual fee and no foreign transaction fees. However, there are also some fees that you should be aware of before applying for the card.
For example, the Chime credit card has a cash advance fee of either $10 or 5% of the amount of each cash advance, whichever is greater. Additionally, there is a late payment fee of up to $37 and a returned payment fee of up to $27.
Card Benefits
The Chime credit card doesn’t have a rewards program, which is a downside compared to other credit cards. If you’re looking for a card with rewards, you may want to consider other options.
Application Process
When it comes to the Chime credit card application process, there are a few things you should be aware of. First, you will need to be a US citizen or permanent resident in order to apply. Secondly, you will likely need to have a credit score of at least 640 in order to be approved for the card. However, if you have a lower credit score, you may still be able to get approved for the card if you have a strong history of financial responsibility.
Once you have met these requirements, you can begin the application process by completing an online form. During the form, you will be asked to provide personal information such as your name, address, and Social Security number. You will also need to provide financial information such as your annual income and your monthly housing payment. Once you have completed the form, you will need to submit it for review.
The Chime credit card application process is designed to be simple and straightforward. However, if you have any questions or concerns, you can always contact customer service for assistance.
A Recap of the Credit Card
The Chime credit card is a good option for those who have decent (but not great) credit, and are looking for a simple and straightforward card with no annual fees. But, if you have bad credit, you likely won’t be approved. And if you have a credit score of 700 or higher, you’re likely better off looking at a rewards credit card.