How does credit reporting with Credit Builder work?

When you use your secured Credit Builder Visa® Credit Card, Chime reports your payment activity to Experian®, TransUnion®, and Equifax®, the three major credit bureaus. We typically do this at the beginning of each month. You may not see changes in your credit scores until later in the month since the bureaus take a few weeks to process their reports.

What we report:

      • Amount past due: The balance from the previous month that isn’t paid off. We report your account as current if you have paid off the last statement in full.
      • Payment status: Your last paid-off statement balance.
      • Account age: The number of months you've had your Credit Builder card. 
      • Current balance: This is the amount you’ve spent since the last statement plus any outstanding balance you owe.
      • Last payment date: The date you made your last payment.
      • Highest or original amount: The highest balance you had during the most recent reporting period before paying it off.

What we don’t report:

      • Credit limit: The amount of money you transfer to your Credit Builder account equals the amount you can spend on the card. It doesn’t have a pre-set limit.
      • Card utilization: Because your card has no pre-set credit limit, we don’t report percentage utilization to credit bureaus. If you spend up to the amount you have moved to Credit Builder, it won’t appear on your credit history as a high-utilization card.

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.

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Banking services provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC. The Chime Visa® Debit Card is issued by The Bancorp Bank, N.A. or Stride Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted. The Chime Visa® Credit Builder Card and the Chime Visa® Cash Rewards Card are issued by Stride Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa credit cards are accepted. Please see back of your Card for its issuing bank.

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