While the Chime Visa® debit card itself doesn’t directly impact your credit score, the Credit Builder program, which includes a secured credit card, can help you establish and improve your credit over time. It’s a valuable tool for those looking to build or rebuild their credit.

Chime is not a traditional bank, but it operates as a financial technology (fintech) company that offers various banking services. Chime partners with The Bancorp Bank and Stride Bank to provide its banking services, and deposits held with these partner banks are FDIC-insured up to the legal limit, which is typically $250,000 per depositor.

Chime is considered a legitimate and reputable fintech company. It has gained popularity for its online banking services, including checking and savings accounts, as well as a Visa® debit card. Chime offers features such as early direct deposit, fee-free overdraft protection, and a user-friendly mobile app. Many people use Chime as an alternative to traditional banking institutions.