Sign up for Chime and receive a FREE $100: applecrider.com/chime
@janedoe6071
10 ай бұрын
It doesn’t make sense because your score will go down first SO obviously it’ll go up ! Why get something that lowers your credit score off top
@GrandsonfrmdaWIIIC
9 ай бұрын
For everyone confused in how it works: You transfer the amount of money you want to spend from your checking account into your credit account and that’s your spending limit which is automatically paid because it came out of your checking account it’s not like a regular credit card where you have a set limit, your limit is what you transfer into the account YOU DO NOT HAVE TO PAY IT BACK BECAUSE ITS YOUR MONEY you’re using not the banks. It’s basically like you made your own credit card
@chriswilliams8507
8 ай бұрын
Do they send you another card or do you use the one that you already have?
@GrandsonfrmdaWIIIC
8 ай бұрын
@@chriswilliams8507 they send you a separate one your debit card is white your credit card is green I barely even use my debit card now I had to get used to using the credit card for purchases so I connected mine to Apple Pay so it’ll become a habit
@GrandsonfrmdaWIIIC
8 ай бұрын
@@chriswilliams8507 can’t really say how much my score has went up because I just started using it and it hasn’t reflected on my credit score yet but I use my credit card for all my purchases now I’ll see the difference month by month
@lmWeird
8 ай бұрын
@@chriswilliams8507they send a separate card
@daemonbyte6818
8 ай бұрын
THANK YOU
@PoppyLaneFarms
6 ай бұрын
They now offer cashback and a% off on gas price
@FloppityFlopFlop777
11 ай бұрын
For the love of sanity, which Chime account is the secured one? Which pays off which? I tried calling them for clarification, but their customer service reps are more confused than I am.
@kobekjl13
11 ай бұрын
YES! I’m so confused and worried I need to make a payment somewhere. I put $300 on there and I used $250 for bills, I have the safe credit feature on that “comes out of my secure account” BUT WHAT IS THAT?
@coffeecanblue
10 ай бұрын
@@kobekjl13 the safer credit building is just that any money you have in checking will be held to pay anything you used with the credit builder credit card.
@coffeecanblue
10 ай бұрын
If you have a white card it is probably your debit card- the initial card.... this is money you add at any of the listed stores on the app/ or direct deposit... just like a bank account..but it does not assist in credit building it is only a debit card. if you have a green card it is probably your 'credit' card- secondary card.... you can not go over your limit with this credit card because it is only the amount you have available in your checking account (white debit card).... enter the account settings ...then safer credit building.... this will keep you from having to move funds to pay the credit card ... chime will use the funds in the secured account/aka -the checking account /white debit card .. to automatically pay off your statement each month. unlike most credit cards where they can advise you have gone over a limit-for example...there is no limit because it is based on your amount.... unlike a secured card- it actually will list on your credit report the max credit limit because you are on that particular amount that you have there as your collateral-- with the chime card there is actually no limit to your collateral --every month you can have a different amount there.
@8_one_8
10 ай бұрын
@@kobekjl13 I read on a $300 card limit, you should only spend about $90 or it will drop your score from being a high balance. Does this card work differently?
@KittyKat-vb1nd
10 ай бұрын
@@kobekjl13 Basic math the amount spent and the difference stays in the credit builder account. It's taken from. The balance in the credit builder just like debit except credit builder improves a credit score where debit has no impact to grow credit.
@djeto2525
11 ай бұрын
An anti debt credit card or first credit card user, good product.
@ShotbyQcosa
10 ай бұрын
Credit reporting agency...not credit bureau
@Key_low_TV
11 ай бұрын
Is direct deposit the only way to pay back because now I'm in$ 3590 and I keep adding but I don't think is accepting it like I'm paying it.
@coffeecanblue
10 ай бұрын
On the app ... there is a ' cash map '.................choose deposit option................view map of stores near you that accept deposits.... there are a lot of chime atms ..and a lot of local stores such as your local health care large box store- sorry - it keeps erasing the names .... ....... i did not understand ..you are in for 3590.. are you adding money at the stores /deposit and not sure if it is being applied to the credit card ? see new message above ref same.
@michaeljohnson1761
7 ай бұрын
I know Chime doesn't report an upper limit or utilization % rate, but does it matter if I use $200/mo vs $900/mo? The latter is higher amount overall, which the amount spent is reported. Does a higher spending amount matter for my credit score (assuming payments in full are made on time), even though % used doesn't matter?
@TomahawkChopa
4 ай бұрын
A high limit would lower your usage assuming your only using 10 percent
@pandemicnoob20
3 ай бұрын
Thats the problem. It doesnt report a limit
@janedoe6071
10 ай бұрын
I’m totally confused
@AnthonyAndel
8 ай бұрын
If I have $100 in my account, and by the time they report I have not put the $100 back into it or I have only paid partial, do they report negatively?
@Yngsavi
7 ай бұрын
Pretty much
@bigimportantman1544
2 ай бұрын
You can’t spend more than what you already pre-paid into credit builder card… so it’s impossible to have a missed payment.
@deepvoice4195
Ай бұрын
Is there an anual fee, or interest you have to pay monthly?
@knowledgeispower5104
8 ай бұрын
This won’t help build credit!! The limits won’t affect your score or help raise it. In fact you won’t even get approved for a unsecured card using this because it’s subprime
@xaiverw5512
8 ай бұрын
Thanks for the advice
@xaiverw5512
8 ай бұрын
Does it help you with equity when it comes to borrowing money from banks. If they see you have a high credit limit would it make banks more likely to let you borrow more money?
@knowledgeispower5104
8 ай бұрын
@@xaiverw5512 this isn’t a truly revolving line of credit, it’s more a consumer credit line which banks know the difference. You won’t ever have a high limit unless you have the cash 👀 which makes no sense in the banks eyes. Credit is the ability to make payments overtime. Not having the ability to have cash and pay something off immediately. There’s no getting around building credit the traditional way and having a strong credit profile. Banks don’t care about your credit score, they care about your profile as a whole, Age, limits, payments history, utilization, inquiries, perfect mix of accounts/ revolving / installment accounts.
@DannyMartin3z
3 ай бұрын
Is that totally accurate? Don’t banks and financial institutions prefer a thicker history profile with more responsible accounts instead of just 1? My understanding is that with cards, installments payments etc you should want 4 accounts. So seems another account would actually be helpful to credit score. I think 10% of your score is credit mix?
@knowledgeispower5104
3 ай бұрын
@@DannyMartin3z this isn’t an installment account and it’s not a revolving credit account.
@mr.snoopy8732
10 ай бұрын
Somebody used a Chime account to steal money from my bank account. Fortunately, I got it back the next day. The bank is investigating due to the amount of money.
@supermysteryman7
8 ай бұрын
Did you give chime your bank info?
@L0YALtee
3 ай бұрын
Hey bud thank u that makes sence now how do I send all my money that is going to credit builder 5k went in there how do I move it off there to checking and just leave a grand in there so I can send money n pay bills
@tanyablue9242
5 ай бұрын
I have a chime card if I apply for credit builders with chime do I have to change cards
@SheHatesAkumu
5 ай бұрын
they just send you another card
@Jeannie-vw8cc
2 ай бұрын
If you can only spend what you already have in your account how can you get a bill and have to pay it as if you owe it. When I transfer money to my credit builder it disappears from my checking and never shows up on my credit builder I only spend what my card already has on it how can I get a bill that I owe anything?
@Reacherthebreacher
2 ай бұрын
It's like a secured credit card you pay before they give you a line of credit
@lplp3273
9 ай бұрын
What would be a good enough credit score to not bother using the credit builder card? Im debating using anothwr card with rewards like you mentioned since i have fairly decent credit
@TEOREMA1991
Ай бұрын
I still don’t see how is this different than any other secured card
@rogeliorodriguez1824
2 ай бұрын
Does it really works ?
@taralechenet4547
9 ай бұрын
I'm confused? So do u put the money on there spend it and replace it back?
@coldhands4799
9 ай бұрын
Yeah at the top of the month
@GrandsonfrmdaWIIIC
9 ай бұрын
No you transfer the money from your checking account into the credit account and that’s the amount you can spend it’s automatically paid because you transferred it from your checking account
@iwona2424
Ай бұрын
@@GrandsonfrmdaWIIIC by checking do you mean the spending account or like an external checking account?
@GrandsonfrmdaWIIIC
Ай бұрын
@@iwona2424 when you sign up for chime you get a checking account after direct deposit you get a credit account just transfer the money you want to use to the credit account and use it like a checking account you don’t have to worry about spending limits, usage limits, or paying it back. You essentially using your own money as credit that’s paid back with your own money. Just like the money is taken out your checking account when you swipe it it’s the same way with the credit the only difference is it’s being reported to the bureaus
@GrandsonfrmdaWIIIC
Ай бұрын
@@iwona2424 the spending account is credit when you sign up like any other bank you automatically get a checking account when you’re eligible for the credit account transfer the money from checking to credit and use your credit account as your checking account
@BurntMcgurnt
5 ай бұрын
What sucks is my credit score is 750 and i can't move on to a better real credit card i get turned down even when i apply to ones that are said to be easy approval i just went down 11 points due to hard pulls
@paulgadson-evans1982
Ай бұрын
I'm currently going through the same thing
@iwona2424
Ай бұрын
has chime help at all?
@BurntMcgurnt
Ай бұрын
@@iwona2424 kinda the thing that helps more than anything is history of on time payments you'll still have to get a real credit card though I would suggest Premier they'll actually approve you their interest is high but if you're making on time payments it doesn't matter
@panama2468
Ай бұрын
Pre-approve with American Express. They usually let you know if you're going to get an approval, and once you accept, then it pulls your credit. After your first personal card, any future personal or business cards won't ever pull your credit. It's super easy with amex
@lindam.1058
3 ай бұрын
They turned me down. Just turned 18 and need to build credit!
@cleopatrataylor3009
Ай бұрын
If you go in with someone can they mess me up 😯
@hotigrl
23 күн бұрын
But it's not a major credit card. My job doesn't accept it.
@monicacheng9944
12 күн бұрын
It's literally a visa what do you mean?
@MyManGot2Jobz
4 ай бұрын
SIMPLY PUT, it’s a SECURED CREDIT CARD!!!!
@cjfalco8779
5 ай бұрын
They dropped my credit card
@JohnAndAnime
4 ай бұрын
Man if only they taught us this stuff in school instead of giving us Pointless History books with 5 paragraph essay assignments then I’d probably would’ve paid more attention cause I notice how many people in the comments are absolutely confused
@ReedneyLakabung-so4fg
5 ай бұрын
What is chime secret account
@jackbarrett7835
22 күн бұрын
These are scammers who have been known to hold up your money
@xAtomXClubx
5 ай бұрын
How are you "potentially going in to debt" with a credit card? People just being irresponsible?
@2473-l4b
10 ай бұрын
Doesn't make sense to owe money after using your own money to me That's not credit Credit is not using your own money
@haveyouseengeorgehennen
10 ай бұрын
That's specifically what a secured credit card is, you borrow your own money to build credit while the bank/organization doesn't risk losing their own money and you don't risk debt.
@landmarkcm
9 ай бұрын
you dont owe money with the credit builder since you cant spend more on it then you put
@GrandsonfrmdaWIIIC
9 ай бұрын
You transfer the money from your checking account into your credit account and that’s your spending limit which is automatically paid because it came out of your checking account
@2473-l4b
9 ай бұрын
@DreamvillePro gotcha thanks
@TomahawkChopa
4 ай бұрын
Its more about raising your available credit and lowering your usage easily and establishing payments history as well as having an another account open to build age on more than one account
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