Prepaid & Debit Cards

When you can’t get approved for a credit card because you don’t have a credit history, you have bad credit, or you have filed for bankruptcy in the past, both prepaid and debit cards are a good alternative. Prepaid and debit cards work differently than credit cards. You can only use them for the amount that is in your bank account or the amount you load onto a prepaid card.

They are not reported to the credit bureau as such so they won’t affect your credit score. Consider a secured credit card for that purpose. However, prepaid and debit cards offer some of the same privileges of a credit card. If you have a prepaid card, you can use it when securing a membership at a rental store or for online purchases. You can make reservations with theses types of cards or pay bills. Here are some options for prepaid and debit cards.