Here’s what we share with the credit bureaus:
- Amount past due – If you didn’t pay off your last statement balance in full, that unpaid amount is reported. If you paid it off, your account is reported as current.
- Payment status – Shows whether you paid your most recent statement.
- Account age – How many months you’ve had your Credit Builder card.
- Current balance – What you’ve spent since the last statement plus any unpaid balance.
- Last payment date – The date you made your most recent payment.
- Highest or original amount – The highest balance you carried before paying it off during the most recent period.
This information helps build your credit history and score especially when payments are made on time.
On the other hand, some activity on your Credit Builder card isn’t reported, and that’s a good thing:
- Credit limit – Because Credit Builder doesn’t have a pre-set limit, we don’t report one.
- Card utilization – We don’t report how much of your balance you’re using. So even if you move a high amount to Credit Builder, it won’t show up as “high usage” on your credit history.
On-time payment history can have a positive impact on your credit score. Late payment may negatively impact your credit score. Chime will report your activities to Transunion®, Experian®, and Equifax®. Impact on your credit may vary, as Credit scores are independently determined by credit bureaus based on a number of factors including the financial decisions you make with other financial services organizations.