Visa® Chime Credit Builder review – Forbes Advisor
Chime Credit Builder Card* vs. Discover it® secure credit card
The Discover it® secure credit card the card is a Forbes Advisor first choice among secure cards. The $ 0 annual fee card provides cash back rewards, a rarity among secure cards. The card earns 2% cash back at gas stations and restaurants up to $ 1,000 in combined purchases each quarter. Plus, get unlimited 1% cash back on all other purchases.
At the end of your first year, Discover will automatically give you dollar-for-dollar matching of any cash back rewards you’ve earned. Another attribute could make this card more attractive than Chime Credit Builder: Discover will review your account from eight months to see if you are eligible to upgrade to an unsecured account.
Chime Credit Builder Card* compared to the Capital One Platinum secure credit card
The Capital One Platinum Secured Credit Card comes with some atypical advantages of a secure card. In addition to the $ 0 annual fee, depending on your creditworthiness, you may be eligible for a $ 200 credit limit with a deposit of $ 49, $ 99, or $ 200. You could be considered for a higher line of credit in as little as six months.
Chime Credit Builder Card* compared to the secure First Progress Platinum Prestige Mastercard® credit card
The Platinum Prestige Mastercard secure credit card has one of the lowest APRs you’ll find on any card, secure or not. His current APR is 9.99% (variable). But it also comes with an annual fee of $ 49. If you think you might need to keep a balance every now and then while you work on building up your credit, this card might be a better option than a card with no annual fee and a higher interest rate. .
One thing to know: you cannot apply if you are a resident of Arkansas, Iowa, New York or Wisconsin.