The tradeoff? Debit cards don’t allow you to build credit.īut what if you use Chime Credit Builder ? Chime Credit Builder is a safe way to build creditĬhime Credit Builder is a secured credit card that reduces the risk of overspending. There is often no debt risk (unless your bank allows overdrafts on debit and you don’t pay it back). ³ĭebit cards, on the other hand, only allow you to spend money you already have in your Checking account.
At the end of 2022, Americans collectively shared $930.6 billion in credit card debt. Some credit cards with high spending limits can make it tempting to spend more money than you should and slip into debt. If you’re a long-time debit card user, you might be concerned about using a credit card – and that makes sense.
