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What is the best prepaid debit card to build credit and which is reported to three credit bureaus?

[Monday, August 18th, 2014]

You won’t be able to build your credit using a prepaid card because prepaid cards are not reported to major credit bureaus. With a prepaid card you use your own money, not the money you lend, so there is no credit activity to report. If you want to build your credit, you should apply for a secured credit card. Secured credit cards are reported to major credit bureaus monthly. To get this card, you will have to put down a minimum security deposit of about $200.

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AcclaimVisa.com is an independent, advertising-supported web site. AcclaimVisa.com is compensated by the credit card issuers whose offers appear on our site. This compensation can impact how and where credit products appear on our site, including, for example, the order in which they may appear within product listings. AcclaimVisa.com does not offer, review or present all available credit offers.

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