Comments on: List of Prepaid Credit Cards That Build Credit

By: Percy Lowe

Percy Lowe — Sat, 21 Apr 2012 23:59:57 +0000

Hello Everyone,

I have been looking for a prepaid credit card like the Walmart Card. So, that when my clients come to me for credit education & restoration help. They can get a card like the walmart credit card and pay there Utilities with the card and get four trade lines report that could boost their score about 50 point a month. That be good for about 300 point if at 50 points. If I could get a 10 to 15 point increase will be great with my credit work and ways I know to raise a score 50 to 100 points that be huge in my credit system.

By: Patricia Moore

Patricia Moore — Sat, 21 Apr 2012 20:20:23 +0000

Is bank offers a different type of prepaid card. It requires $300.00 to start it. It’s different because yes you have to put money in but that is your credit limit. If you put in the 300 and say you buy something for 200 you will get monthly bills for the 200. It is more like a regular credit card in that manner that you get to make minimum oayments and everything. If you dont make your payments for a couple of months they will take what you owe out of your initial deposit,close the account,and send you the remainder back. They also report to the credit bureau as well.

By: Jacqueline

Jacqueline — Sun, 01 Apr 2012 19:22:54 +0000

Hello,

I recently filed bankruptcy last year, and because of this, I am extremely leery of pre-paid cards because I’m afraid they will add to my already terrible credit score. I would stay away from them altogether if it wasn’t for the fact that I have to buy supplies for my business online a lot. Paypal isn’t always accepted and I’m really struggling with making the purchases I need to make, without a credit card. I guess my question is, could you tell me of a good prepaid card that absolutely will not effect my credit score? Does Visa offer a card that will not effect my score? Thanks for your help.

By: Tania

Tania — Sun, 11 Mar 2012 01:29:06 +0000

Thanks!

By: Rob Berger

Rob Berger — Mon, 05 Mar 2012 20:47:31 +0000

Tania, that’s a great question. I believe that balances and payments on the card should be reported to the credit bureaus, even if there is more than one person on the card. I know that the credit cards my wife and I have jointly report to both of our credit reports.

By: Tania

Tania — Mon, 05 Mar 2012 00:56:21 +0000

Hi there, just wondering how a credit card affects your credit score if you have to have someone co-sign??? I think a home depot card would be good for me but my score is too low to get approved on my own. My partner is open to co-signing but I on’y want to do this if it will help my score…otherwise I will continue to use the Visa, that I am a secondary holder on…thanks!

By: jEFFERYOSBORNE

jEFFERYOSBORNE — Sat, 25 Feb 2012 13:34:13 +0000

cANtHE LOAN ON MY EXSTEN VISA. IF NOT PAPER CHECK

By: Rob Berger

Rob Berger — Sun, 19 Feb 2012 21:46:02 +0000

Cris, I believe that Discover does report to all three credit bureaus. If you just got your card, however, it can take one or two statement cycles before you’ll see the activity on your credit reports.

By: cris

cris — Sat, 18 Feb 2012 04:11:41 +0000

do you know how to get discover credit card to report authorized users to all 3 credit bureaus?

By: Rob Berger

Rob Berger — Fri, 10 Feb 2012 18:24:26 +0000

mopedted, in terms of building credit, there's not much difference. However, the secured card requires you to make a cash deposit with Capital One, why they hold as security so long as you carry the card. For this reason, I'd opt for the Capital One® Standard Platinum Credit Card if it were me.