Chime Credit Builder Secured Visa® Credit Card
People with a 650 credit score – credit card with no credit check to apply
- No annual fee or interest¹
- No credit check to apply
- No minimum security deposit required²
Learn how we collect and use your information by visiting our Privacy Notice
For Chime Checking Account holders5
Start building credit for a better future.
We report to all 3 credit bureaus to help you build credit over time. Members see an increase of 30 points on average5.
Member testimonials.
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Join millions already using Chime’s Credit Builder
Give your credit some love. Start by opening a Chime Checking Account, and you’re ready to apply.5
Move Money. The money you move from your Checking Account into the Credit Builder secured account is the amount you can spend on your card.
Spend Money. Use Credit Builder anywhere Visa credit cards are accepted. Whether it’s gas or groceries, use Credit Builder on everyday purchases to help build credit when you make on-time payments.
Help build credit. The money you moved to Credit Builder can automatically pay your monthly balance on time with the Safer Credit Building feature turned on—which we report to major credit bureaus.
Still have questions about Chime’s credit card?
FAQs
Are there credit cards for 650 credit score?
Of course! These types of cards are considered fair credit cards and might include secured and unsecured points. It is important to consider that secured credit cards require a deposit that serves as your credit limit. On the other hand, unsecured cards for fair credit may include higher interest rates and credit limits.
Is it better to use a credit card or debit card for 650 credit score?
For those with a 650 credit score, using a debit card is generally the safest option, since it helps avoid the risk of falling into debt due to high interest rates that often accompany credit cards for those with lower credit scores. Debit cards also help you in budgeting and managing finances more effectively since they allow you to spend only what you have. Hoewever, if you're looking to enhance your credit rating a debit card might not be the best option since it doesn't help in building or improving your credit score. Moreover, debit cards typically offer fewer protections and rewards compared to credit cards, such as cashback or travel points, and may not be as widely accepted internationally.
Is it good to have a credit card for 650 Credit Score?
If you have a 650 credit score, using a credit card can be beneficial as it provides an opportunity to improve your credit score through responsible use. Look for cards designed for fair credit that offer rewards or benefits, which can also provide financial advantages. It's important to make timely payments and keep your credit utilization low to build a positive credit history. Over time, this can help you qualify for better credit products with more favorable terms. When getting approved for a credit card, make sure to avoid high interest rates and fees that usually come with this score range.
How do I qualify for a credit card for 650 credit score?
To qualify for a credit card with a 650 credit score, start by looking for cards designed for fair credit. Focus on options like secured credit cards, which require a deposit but can help you build your credit. Additionally, ensure you have a steady income and low debt-to-income ratio to improve your approval chances. Compare different offers and choose a card with favorable terms and fees that match your financial situation.
What are the benefits of a credit card for 650 credit score?
If you have a 650 credit score, a credit card provides you the perfect opportunity to rebuild or improve your credit score. To do so, it’s crucial that once you start using the card, you make payments on time and keep a low credit utilization ratio.Before choosing a credit card, make sure to compare offers looking, not only at interest rates, but at useful features such as credit monitoring and automatic account reviews for credit limit increases. Lastly, remember that credit card ease of use can lead to overspending and building up a high-interest debt that can harm your credit score.