How to Withdraw Cash From Your Chime Credit Builder Card?

Share This:

Chime Credit Builder Card is a popular secured credit card that has been designed to help customers build their credit history. With no annual fee, no credit check requirements, and no interest charges, it is a great option for those looking to improve their credit score.

One of the most common questions asked by Chime Credit Builder Card users is whether they can withdraw money from their accounts. The answer is yes, you can withdraw money from your Chime Credit Builder Card account. There are two ways to do this:

1. Transfer funds from your Chime Credit Builder Card account to your Chime Spending Account. This is a simple process that can be done through the Chime mobile app. Once the funds are in your Chime Spending Account, you can withdraw them as you would with any other bank account.

2. Use your Chime Credit Builder Visa® Credit Card at ATMs to withdraw cash. Unlike traditional credit cards, the Chime Credit Builder Card doesn’t charge interest or fees for cash advances at its 60,000 in-network ATMs. You can withdraw up to your available spend amount, or up to $500 every 24 hours.

It’s worth noting that when you use your Chime Credit Builder Card to withdraw cash at an ATM, you are essentially getting a cash advance. However, Chime does not charge any interest or fees for this service, so it works just like your debit card.

Another option for withdrawing cash is using SpotMe, Chime’s fee-free overdraft feature that lets you overdraft up to $200 with your debit card. Eligibility requirements and limits apply.

Chime Credit Builder Card users can withdraw money from their account in two ways: by transferring funds to their Chime Spending Account, or by using their Chime Credit Builder Visa® Credit Card at in-network ATMs. With no interest charges or fees for cash advances, Chime Credit Builder Card offers a convenient and cost-effective way to access your funds.

How to Withdraw Cash From Your Chime Credit Builder Card? 1

Withdrawing Money From Credit Builder Chime

To withdraw money from your Chime Credit Builder, you have a few options.

Firstly, if you want to move money from your Chime Credit Builder secured account back into your Chime Spending Account, you can do so easily through the Chime mobile app or website. Simply navigate to the ‘Move Money’ section and select the option to transfer funds from your Credit Builder account to your Spending Account.

Secondly, you can use your Chime Credit Builder Visa® Credit Card at ATMs to withdraw cash. Keep in mind that there may be fees associated with using an out-of-network ATM, so it’s best to use Chime’s ATM finder tool to locate fee-free ATMs near you.

Withdrawing money from your Chime Credit Builder is a straightforward process that can be done through the Chime app or at an ATM.

Withdrawal Limit on Chime Credit Builder Card

As per the information provided by Chime, the Credit Builder card allows you to withdraw your available spending amount or up to $500 every 24 hours from its in-network ATMs, without any interest or fees. It means that you can withdraw funds up to $500 in a day without incurring any charges, and this amount is subject to change based on Chime’s policies. However, it’s important to note that if you try to withdraw more than your available spending limit, the transaction may be declined, so it’s always advisable to keep an eye on your available balance before making any withdrawals.

Does Chime Credit Builder Offer Cash Advances?

Chime Credit Builder Card does allow cash advances. A cash advance means withdrawing cash from an ATM using your credit card. However, the good news is that Chime Credit Builder Card does not charge any fees or interest for cash advances. This means that you can use your Credit Builder Card just like a debit card to withdraw cash from ATMs. It is important to remember that cash advances are not recommended as they may negatively impact your credit score and there may be other fees charged by the ATM owner. If you do decide to use your Credit Builder Card for a cash advance, make sure to pay off the balance as soon as possible to avoid any potential negative effects on your credit score.

Can I Overdraft My Chime Credit Builder Card at an ATM?

Unfortunately, it is not possible to overdraft your Chime Credit Builder Card at an ATM. This is because the card is designed to help you build credit by using it responsibly and making timely payments. However, you can withdraw cash using SpotMe, which is a fee-free overdraft feature offered by Chime. This feature allows you to overdraft up to $2002 with your debit card, subject to eligibility requirements and limits. SpotMe can be used at an ATM or anywhere else that accepts debit card transactions. Keep in mind that SpotMe is not a guaranteed service and Chime may decline transactions that exceed your limit or if you don’t meet eligibility requirements.

Conclusion

The Chime Credit Builder Card is a great option for those looking to build or improve their credit. With its unique features such as no interest or fees for cash advances and the ability to withdraw from your secured account, it provides a convenient and cost-effective way to access cash. Additionally, the card’s use of SpotMe and its eligibility requirements and limits offer flexibility and convenience to users. the Chime Credit Builder Card is a great tool for building credit and managing finances.