Senior Finance Manager

Chime unveils 5% Cash Back Secured Card with zero fees. The new Chime card offers unprecedented cash back opportunities for users with limited credit history. SuperPay Editorial SuperPay Editorial Team A new era for credit cards. In a bold move, Chime has launched a secured Visa(R) Credit Card that promises a remarkable 5% cash back on a category of your choice - without any annual fees. This development comes at a time when consumers are increasingly seeking value from their credit cards, especially those with limited credit histories. With the ability to earn rewards while building credit, the Chime Card is designed to cater to a segment often overlooked by traditional banks. This new offering stands out not only for its cash back potential but also for its accessibility. Unlike many secured cards that require a credit check, Chime's card is open to anyone who meets their minimum direct deposit requirement, making it a viable option for those who have struggled to qualify for credit in the past. The card also eliminates late fees and interest charges, a game-changer for consumers wary of accruing debt. Understanding the Chime Card benefits. Chime's new card allows users to select their preferred category for cash back - options include groceries, gas, restaurants, and utility bills. For users who deposit at least $200 into their Chime Checking Account each month, they can earn up to $75 per month in cash back on eligible purchases. This is not just a typical secured card; it offers a unique blend of practicality and perks that can help anyone looking to establish or rebuild their credit score. In comparison, traditional secured cards like the Discover it(R) Secured and Capital One(R) Secured Mastercard typically offer only 1.5% cash back, and users still incur interest charges if balances are not paid in full. Chime's model encourages responsible spending by not allowing users to carry a balance, helping them avoid the pitfalls of debt accumulation. Why you should consider applying. If you're looking to build credit while earning rewards, the Chime Card is a solid choice. The lack of fees combined with a straightforward cash back structure sets it apart from other secured cards. Currently, Chime does not offer a welcome bonus, but the ongoing cash back potential makes it attractive. It's an opportune time to apply, particularly for those who may not qualify for traditional cards. The card is available now, and setting up your Chime Checking Account can be done in minutes through their app. Simplifying your rewards with SuperPay. To make the most of your new Chime Card, consider using SuperPay. The app's Smart Card Picker feature can help you identify the best card to use for each purchase, ensuring that you never miss out on maximizing your cash back. By integrating your Chime Card with SuperPay, you can easily track your earnings and spending, making your financial management seamless. Additionally, the Category Tracking feature ensures you're always aware of your cash back opportunities across different spending categories. This way, you can optimize your rewards strategy not just with Chime, but across all your cards. Take action today. Ready to take control of your credit and start earning cash back? Download SuperPay on the App Store and start optimizing your rewards today. The combination of the Chime Card and SuperPay can transform your everyday spending into significant savings and rewards. Chime Card Cash Back Secured Credit Card Personal Finance Credit Building Share on X Share on Facebook Share on LinkedIn

Fintechs take bigger share of new US banking and investment accounts. JD Power data shows digital finance brands gaining ground in banking and DIY investing, while incumbents retain an edge in wealthier segments. Claire Smith BANKING & NEOBANKS CORRESPONDENT Fintech brands ranked among the top three choices for new US checking, savings and investment account openings in the first quarter of 2026, according to JD Power data, as Chime, SoFi, Cash App and Robinhood gained ground in markets long dominated by banks and brokerages. The figures come as JD Power's latest direct banking study found online-only banks outperforming neobanks on customer satisfaction, highlighting a divide within the digital banking market even as both compete for customers moving money away from traditional providers. Digital brands win new openings. JD Power's Financial Services Churn Data and Analytics report, based on more than 200,000 responses collected between January and March 2026, found that Chime, Chase and Wells Fargo had the highest share of new checking account openings in the first quarter. Large banks continued to feature prominently, but the highest conversion rates belonged to fintech brands. Chime and Current each converted 76 per cent of prospective checking account customers, followed by SoFi at 72 per cent and Cash App at 65 per cent. The pattern was similar in savings. Chase led new savings account openings with an 8.4 per cent market share, followed by Chime at 7.1 per cent and Bank of America at 6.1 per cent. But Chime converted 82 per cent of savings leads into customers, while Cash App converted 76 per cent. Chime leads among mass-market customers. Chime's strongest gains came among mass-market banking customers, where it accounted for 14.2 per cent of new checking account openings, ahead of Wells Fargo at 8.1 per cent. Chase retained a stronger position among higher-income customers, leading new checking account openings among mass affluent customers with a 10.6 per cent share and affluent customers with 14.4 per cent. The same income divide appeared in savings. Chime led mass-market savings openings with a 9.4 per cent share, but fell to 3.3 per cent among mass affluent customers and did not rank in the top 10 among affluent customers. SoFi was the only fintech to appear across all three income segments for savings account openings. Online banks widen the satisfaction gap. JD Power's 2026 US Direct Banking Satisfaction Study measured customer satisfaction with online-only bank and neobank checking and high-yield savings or money market products. "Online-only banking providers are really succeeding at establishing emotional connections with their customers by delivering highly personalized digital interactions, along with products and services that help them feel understood and that they are moving toward their financial goals," said Paul McAdam, senior director of financial services intelligence at JD Power. But the study found a gap between federally chartered online banks and neobanks. Online bank checking accounts recorded an overall satisfaction score of 674 on a 1,000-point scale, 52 points higher than neobanks. Online bank high-yield savings accounts scored 689, 32 points above neobanks. "Within the online-only banking marketplace, however, JD Power finds that many neobanks are not performing as well as online banks when it comes to basic blocking and tackling in areas like the convenience of reaching customer service and single-contact problem resolution," McAdam said. DIY investors favour fintech platforms. Fintech gains also extended into investment accounts, particularly among do-it-yourself investors. Robinhood was used by 13.5 per cent of DIY investors, while SoFi was used by 7.8 per cent. Among advised investors, Robinhood's share fell to 2.8 per cent, and SoFi did not rank among the top 10 most used brands. Robinhood ranked second for investment account openings among households with less than $250,000 in investible assets, with a 9.2 per cent share. Its share fell to 4.7 per cent among households with $1 million or more, and 4 per cent among those with $250,000 to less than $1 million. Credit cards remain more incumbent-led. Credit cards showed a more traditional ranking. Capital One led new credit card openings with a 15.9 per cent share, followed by Chase at 11.4 per cent and Credit One Bank at 7.2 per cent. Chime's presence was concentrated among customers with lower credit scores. The company ranked third for new credit card openings among people with credit scores between 400 and 659, with a 5.9 per cent share, but did not appear in the top 10 among customers with scores of 660 or higher. Retirement accounts remained the category least affected by fintech competition. Fidelity led new account openings in the first quarter with an 18.2 per cent share, followed by Bank of America/Merrill at 5.3 per cent and Empower at 4.5 per cent. Incumbents retain scale. The findings do not suggest a wholesale movement away from large banks and established financial institutions. Chase, Wells Fargo, Bank of America, Capital One and Fidelity continued to lead or rank highly across major product categories. But JD Power's data shows customer acquisition becoming more divided by product, income level and service model. Fintechs are taking share in new deposit and investment account openings, particularly among mass-market customers and DIY investors, while incumbent firms remain stronger in affluent banking, credit cards and retirement accounts. For banks, the risk is not only outright attrition, but the gradual loss of product-by-product engagement. Customers may keep a main account with a large institution while moving savings, investing or card activity to a digital provider offering faster onboarding, lower fees or a more personalised app experience. REPORTING NOTE Two memos seen first-hand. Six independent sources across both networks, three large acquirers and one payments-platform CEO. Visa and Mastercard declined to comment on specifics.