New Chime Card Rewards

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I first wrote about the Chime Card back in September and since then have written about a few of their offers, for example these travel offers that are still available and do not expire until February 1 (save money with Southwest, Virgin America, and airbnb). For those new to this card, it is a debit card and gives similar type deals to the American Express Offers. By shopping at participating merchants with your Chime Visa debit card you receive money back and unlike Amex Offers you do not need to sync or register your card in advance. Although offers are limited so they are available as a first come first serve. For those new to this type of savings, I’ll explain more below. 

Many offers just ended yesterday, and with that a whole new batch of offers appeared in my account this morning. These offers are set to expire February 2, 2014 and include:

  • Urban Outfitters – Spend $30, get $3 back
  • Best Buy – Spend $50, get $5 back
  • Wendy’s – Spend $10, get $2 back
  • Ann Taylor – Spend $35, get $5 back
  • Carrabba’s – Spend $30, get $3 back
  • Dick’s Sporting Goods – Spend $30, get $3 back
  • Jack Wills – Spend $30, get $5 back
  • Marine Layer – Spend $50, get $5 back (online only and expires January 31)

I am personally excited for these new deals! For example, you can go into Best Buy and purchase a $50 gift card and get $5 back on your Chime card within a few minutes. Many (although not all) Best Buys sell Amazon and iTunes gift cards so purchasing those items will trigger the credit.

New to Chime? While you can find all details on the Chime card in this prior post, here is a synopsis:

  • What is the Chime Card? A debit card where you must apply and enter your SS#. It is a soft inquiry, which will not affect your credit score.
  • How do I apply? Apply here. You will receive a free $10 after you load your card with $50 or more. To get this you must sign up through a referral link. This is my personal referral link, but feel free to leave your own in the comments section. If approved you will not be able to take advantage of any of the offers until your card comes in the mail. In the meantime, however, you can setup your account online, download the Chime app, and fund your card.
  • How do I unload my money from the card? Use your card at any merchant that accepts Visa! You can also purchase gift cards, i.e., Amazon.com, if you want to get the money off fast to use for future purchases. You can withdraw your money at an ATM (up to $500/day) but there is a $2.50 fee per transaction on domestic ATMs. You might also incur a fee from the ATM provider directly.
  • What are the fees for this card? If there is no activity on your card for 180 you will be charged $5. Activity can be as simple as a $1 purchase or a $1 transfer from PayPal, but there still needs to be some activity. A $5 fee can add up so make sure to remember this! This card comes with a 3% foreign transaction fee.
  • How do I take advantage of the Chime offers? The main purpose of this card is to receive money back with participating offers, not to use at everyday merchants. When you see an offer, it will tell you how many are left. Surprisingly, not many people use Chime, so even if you see there are only 50 transactions left for that one offer, it could take weeks to meet. Before you shop though, make sure there are at least a few transactions left to ensure you will get the money back to your Chime account. Each offer is only available once per card. One thing to note – purchasing gift cards typically works to trigger the cash back. If online, just make sure you are purchasing through the store directly and not a third-party merchant (which is typically with eGift cards but not physical plastic gift cards).

Overall, I found the process with applying and using the card incredibly easy. Most recently I’ve taking advantage of Amazon.com offers where if you make a $5 purchase you get $5 back, so my $5 gift card purchase was ultimately free! They’ve had this offer 3 times in the past 6 weeks or so. There are a few other stores I’ve purchased gift cards at and gotten my cash back. The good thing is that the cash back hits your account typically within a few minutes of making the transaction! While this isn’t going to make you a ton of money, it could save you some money over the course of the year. I assume I’ll save about $100, which is great for putting in hardly any effort.

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