CreditStrong vs. Chime: Higher Average Credit Score Increase + Quicker Boost
CreditStrong and Chime are both revolving credit builders that allow you to build credit without a hard credit check or pull required. Both platforms also allow you automate payments and report to the three credit bureaus using your FICO® Score, the score most widely used by 90% of top lenders.
How Do CreditStrong & Chime Compare?
Credit score increase
+62 points
*Average 62-point FICO® Score increase
+30 points
*Average 30-point FICO® Score increase
Product Type
Credit Builder Loans
Credit Building Credit Card*A Chime Checking Account and qualifying direct deposits of $200 or more are required
Upfront security deposit or fee
$99 annual fee
$200
Requires setting up a checking account
Reports payment history and credit utilization to the 3 credit bureaus
Requires setting up a secured credit card
Plans/Flexibility
11 plans across price points, needs, and budgets
1 plan
Report Credit Limit/Utilization
Up to $3K Revolving Credit
No pre-set limit / credit limits & utilization aren’t reported to credit bureaus
Installment Loans
Revolving Loans
Monthly payments going towards savings
Real People.
Real Results.
“CreditStrong significantly increased my score.”
Denise
“I truly recommend CreditStrong for anyone who is trying to rebuild credit — it opened up so many new doors since joining and I gained 100 points. Thanks for helping me get my credit where it needs to be. I now have very good credit!”
Artex
“CreditStrong has helped my credit score go up and stay consistent – I would highly recommend the same thing for anyone who needs help with their credit. ”
Zachary
Why should you choose CreditStrong over Chime?
We could go on all day, but here are some of the highlights:
- Average 62-point FICO® Score boost versus Chime’s 30 points
- Higher FICO score increase reported to all three bureaus, the most common score used by lenders
- Quickly reports up to $3,000 to all 3 credit bureaus to boost your credit while Chime requires multiple purchases on their credit card to build credit more slowly
- $99 annual fee versus Chime’s minimum $200 direct deposit that requires setting up a checking account and a secured credit card
- Combination of 11 loan choices for every need and budget versus Chime’s single credit card
- Only offers revolving credit whereas CreditStrong also offers installment credit options to supercharge your credit
- CreditStrong reports payment history and credit utilization to the 3 credit bureaus, while Chime only reports the former
*Chime is a registered trademark of Chime Financial, Inc.
*FICO is a registered trademark of Fair Isaac Corporation