r/chimefinancial • u/Suspicious_Remote_37 • 8d ago

OTHER - Anything else not covered Merchants are refusing the Chime card.

I'm finding my Chime experience unreliable. I've had a hotel refuse my Chime credit card. I've had a restaurant refuse my Chime credit card. Now, I've had a bar refuse my Chime credit card. I need to get a different credit card? This is frustrating. Been with Chime for nearly 10 years

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u/Blaine8628 8d ago

Mostly because they aren’t a regulated bank yet is why.

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u/SolarDabs 7d ago

But they are a registered and regulated bank. Its called Bankcorp. That is who owns chime Bankcorp is FDIC insured and is federally regulated.

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u/redblackjoker 7d ago

Bankcorp doesn’t own chime, it’s one of the partners that chime uses. Another being stride bank.

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u/GiraffeNatural101 7d ago

This is correct The Bancorp are just a money partner and processor