Chime Secured Visa® Credit Card Review 2025: Cash Back Rewards + No Annual Fee

How Does It Stack Up Against Competitors?

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The secured credit card market has traditionally been dominated by basic credit-building products with minimal perks. Chime's entry changes this landscape significantly.

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Comparison with Leading Secured Cards:

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Capital One QuicksilverOne Cash Rewards Credit Card

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• 1.5% unlimited cash back

• 29.74% APR Variable

• Annual fee: $0

[[ SINGLE_CARD * {"id": "430", "isExpanded": "false", "bestForCategoryId": "15", "bestForText": "Credit Builders", "headerHint": "Straightforward Cash Back"} ]]

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Firstcard® Secured Credit Builder Card with Cashback

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• 1% cash back on all purchases

• Variable APR

• Annual fee varies

[[ SINGLE_CARD * {"id": "13316", "isExpanded": "false", "bestForCategoryId": "15", "bestForText": "Credit Builders", "headerHint": "No Credit Checks"} ]]

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Fortiva® Cash Back Rewards Mastercard

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• 1% cash back on eligible purchases

• 35.9% APR Fixed (varies by creditworthiness)

• Annual fee: $0 - $175

[[ SINGLE_CARD * {"id": "3554", "isExpanded": "false", "bestForCategoryId": "15", "bestForText": "Cash Back Seekers", "headerHint": "1% on All Other Eligible Purchases"} ]]

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Aspire® Cash Back Rewards Mastercard

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• 1% cash back on purchases

• 35.9% APR Fixed

• Annual fee: $0 first year, then $175

[[ SINGLE_CARD * {"id": "3280", "isExpanded": "false", "bestForCategoryId": "15", "bestForText": "Cash Back Seekers", "headerHint": "3% on Eligible Gas"} ]]

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Basic Secured Cards (No Rewards):

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opensky® Secured Visa® Credit Card

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• No rewards

• 22.39% APR Variable

• Annual fee: $35

[[ SINGLE_CARD * {"id": "1397", "isExpanded": "false", "bestForCategoryId": "15", "bestForText": "Cash Back Seekers", "headerHint": "No Credit Check Required"} ]]

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opensky® Plus Secured Visa® Credit Card

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• No rewards

• 17.39% APR Variable

• Annual fee: $35

[[ SINGLE_CARD * {"id": "8432", "isExpanded": "false", "bestForCategoryId": "15", "bestForText": "Credit Builders", "headerHint": "No Annual Fee"} ]]

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opensky® Launch Secured Visa® Credit Card

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• No rewards

• 22.39% APR Variable

• Annual fee: $35

[[ SINGLE_CARD * {"id": "11105", "isExpanded": "false", "bestForCategoryId": "15", "bestForText": "Credit Builders", "headerHint": "No Credit Check Required"} ]]

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Milestone® Mastercard® - $1,000 Credit Limit

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• No rewards

• 35.9% APR Fixed

• Annual fee: $175 first year, $49 thereafter

[[ SINGLE_CARD * {"id": "3070", "isExpanded": "false", "bestForCategoryId": "52", "bestForText": "Credit Builders", "headerHint" : "Guaranteed Credit Limit" } ]]

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Indigo® Mastercard® - $1,000 Credit Limit

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• No rewards

• 35.9% APR Fixed

• Annual fee: $0 - $99

[[ SINGLE_CARD * {"id": "3071", "isExpanded": "false", "bestForCategoryId": "15", "bestForText": "Credit Builders", "headerHint": "Guaranteed Credit Limit"} ]]

The Credit Building Advantage

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What sets the Chime Card™ apart is its approach to credit building. Unlike traditional secured cards that allow you to carry balances and pay interest, the Chime Card™ requires full payment each month. This structure:

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• Prevents debt accumulation

• Establishes positive payment history

• Builds credit without interest charges

• Teaches responsible credit habits

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Credit building, stress-free. Turn on Safer Credit Building, and your monthly balance will automatically be paid. On-time payment history may have a positive impact on your credit score. Late payment may negatively impact your credit score. Results may vary.

Chime+™ Membership Benefits

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The card integrates seamlessly with Chime's broader ecosystem of financial services:

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• 3.50% APY on savings accounts (1.00% base rate)

• SpotMe® overdraft protection (up to $200)

• Early paycheck access (up to 2 days early)

• Priority customer support

• Exclusive deals that stack with card rewards

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^{SpotMe® on Credit is an optional, no interest / no fee overdraft line of credit tied to the Secured Deposit Account available to qualifying members with an active Chime Card Account. To qualify for the SpotMe on Chime Card service, you must receive $200 or more in qualifying direct deposits to your Chime® Checking Account each month and have activated your physical secured Chime Visa® Credit Card or Chime Visa® Debit Card. Qualifying members will be allowed to overdraw their Secured Deposit Account up to $20, but may later be eligible for a higher limit of up to $200 or more based on Chime account history, direct deposit frequency and amount, spending activity and other risk-based factors. The SpotMe on Chime Card Limit will be displayed within the Chime mobile app and is subject to change at any time, at Chime’s or its banking partners’ discretion. Although Chime does not charge any overdraft fees for SpotMe on Chime Card, there may be out-of-network or third-party fees associated with ATM transactions and fees associated with OTC cash withdrawals. SpotMe on Chime Card won’t cover non-card transactions. SpotMe on Chime Card Terms and Conditions.}

^{Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. We generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.}

^{The Annual Percentage Yield ("APY") for the Chime® Savings Account is variable and may change at any time. The disclosed APY is effective as of August 13, 2025. No minimum balance required. Must have $0.01 in savings to earn interest. The Chime+ APY is available only while you maintain eligibility requirements for Chime+, otherwise the APY for non-Chime+ members will apply. See Chime+ Terms and Conditions for more details.}

Who Should Consider This Card?

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The Chime Card™ makes sense for:

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Ideal Candidates:

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• Chime+™ members looking to build credit

• Credit rebuilders who want rewards

• Young adults establishing credit history

• Individuals who prefer simple, fee-free products

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Less Suitable For:

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• Non-Chime customers (must join Chime+ first)

• Those wanting traditional credit card flexibility

• People needing higher credit limits immediately

• Users preferring multiple redemption options

The Bottom Line

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By combining credit building with cash-back rewards and integrating with a comprehensive digital financial services platform, Chime has created a product that addresses real consumer needs. The card's success will likely depend on Chime's ability to attract and retain Chime+™ members while providing competitive rewards and maintaining its fee-free approach.

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For consumers already in the Chime ecosystem or considering a switch to digital financial services, this card offers compelling value. Traditional credit card issuers will need to respond by beefing up their own secured card offerings or risk losing market share to fintech competitors like Chime, which are reimagining basic financial products with consumer-friendly features.