Chime Launches New Credit Card with Cash Back Rewards, Updated Design to Attract, Retain Members

Core Insights - Chime Financial Inc. (NASDAQ:CHYM) has launched a new Chime Card featuring cash back rewards and an updated design, aimed at enhancing its fee-free banking services [1][3] - The new card is particularly beneficial for Chime+ members, who can earn 1.5% cash back on select categories with no limit on rewards [2][3] - The Chime Card also serves as a secured credit card, allowing users to build their credit history through everyday purchases [3] Product Features - The new Chime Card is available to both new and existing members, with current Credit Builder cardholders able to upgrade directly in the Chime app [2] - Chime+ members enjoy additional benefits, including a 3.75% APY on savings, fee-free overdraft protection with SpotMe, and early access to pay with MyPay [3] - The card is designed to attract and retain members by offering more rewarding features compared to previous offerings [3]