Source: The Points Guy
Summary
The Points Guy reviewed Chime Prime, a membership tier for Chime checking accounts. To qualify, users must receive $3,000 in direct deposits every 34 days. Benefits include 5% cash back on $1,500 in purchases, ATM fee reimbursements, and a Priority Pass Select membership. The article notes that Chime Prime does not build credit and requires consistent deposits to maintain membership.
Our Reading
The escape is carefully planned.
Chime Prime offers cash back and lounge access.
Eligibility requires regular deposits.
Perks include travel benefits and fee waivers.
It’s a financial product, not a credit card.
Chime Prime is a loyalty program for your paycheck.
Author: Evan Null
What is Chime Prime?
Chime Prime is the top tier of membership for Chime checking accounts. It requires $3,000 in qualifying direct deposits every 34 days. Members receive 5% cash back on $1,500 in purchases, ATM fee reimbursements, and a Priority Pass Select membership. It is designed to offer rewards without a credit card.
How to become a Chime Prime member
Chime Prime is free to join. Users must receive at least $3,000 in direct deposits every 34 days. This makes it accessible for many people, especially those with regular paychecks. The membership is ideal for those who want rewards without a credit card.
Is Chime Prime worth it?
Chime Prime is a good option for those who want cash back and travel perks without a credit card. It is especially useful for people without a rewards credit card or those looking for low-cost lounge access. However, it does not help build credit.
Bottom line
Chime Prime offers a unique way to earn rewards through a checking account. It is free and provides benefits like cash back and lounge access. However, users must maintain regular deposits to keep the membership. It is a good alternative for those who don’t have a credit card or prefer not to use one.
Editorial disclaimer
The article states that opinions are the author’s alone and have not been reviewed or endorsed by any financial institution. This ensures the content remains independent and unbiased. Readers are advised to consider their own financial situations before signing up for any service.
