How do I get approved for a Chime Bank account
To apply for a Chime Spending Account account, you’ll need to share the following information:
- Your first and last name.
- Social security number (SSN)
- Email and a password.
Can you be denied a Chime account?
Chime uses a third party to confirm the personal information that you enter when you apply for a Checking Account. If your personal information cannot be verified, the application fails. This happens occasionally and is not necessarily a reflection on your eligibility.
Does Chime bank run your credit?
Chime doesn’t have a minimum credit score requirement—in fact, the company doesn’t run credit checks at all. Similar to other secured credit cards, cardholders set credit limits by depositing (or using a direct deposit to add funds) to a Credit Builder account.
Does Chime require SSN?
In addition to an ID and Social Security number, you’ll want to bring proof of address. This could be a lease agreement, utility bill, or something similar. You might want to check with the financial institution to make sure you provide the right type of proof.
What bank is like Chime?
Varo
Varo – Better Rates for Smaller Balances
Varo is Chime’s most similar alternative — in fact, the offerings from these two companies are virtually identical. Like Chime, Varo only offers checking, savings, and credit-builder (called Varo Believe) accounts.
Does Chime credit builder give you money?
It has no rewards, perks or cash-back offers on purchases. Those kinds of rewards are enjoyed by those with high credit scores. Chime Credit Builder can give you the opportunity to boost your credit rating to a higher score so that you can take advantage of those perks in the future.
What is the credit limit on a Chime card?
$10,000
There is no pre-set starting credit limit for the Chime Credit Card. The credit limit for this card depends on the money you decide to move into your Credit Builder Secured account. Chime only gives a maximum credit limit for this credit card, which is $10,000.
How fast does Chime credit builder work?
Chime reports payments at the beginning of each month to the three main credit bureaus: Experian, TransUnion, and Equifax. You should see the entry on your credit report within 14 days. That means that each month of on-time payments will help to build your credit history and improve your credit score.
How long does it take Chime to give provisional credit?
If you’re eligible, you can expect to receive your provisional credit within 10 business days (or 20 business days if your account is new and the disputed transaction happened within 30 days of the first time you funded the account).
Can I rent a car with my Chime credit builder card?
Yes, our Credit Builder card can be used to rent a hotel or car! Keep in mind that some rental companies preauthorize a larger payment than necessary in case other charges come up. This can take up to 30 days to be released.
Can I use spot me with my Chime credit builder card?
SpotMe isn’t available on Credit Builder, so make sure to keep your Chime debit card handy too.
How do I get 200 spot me on Chime?
In order to be eligible for SpotMe, you need to receive a single direct deposit of at least $200 into your Chime Checking Account over the preceding 34-day period.
Can I get cashback with chime spot me?
Yes, you can get cash back with Chime Spot Me at 40,000+ retail locations. If you make a purchase using your Chime Debit Card at a supported retail location and your Chime account goes into negative balance, you get an option to get cash back for an amount up to your Spot Me Limit.