Search in Indianmoney's WealthPedia

Home Education Prepaid card does not give you credit history

For more knowledge from around the globe get Indianmoney App Now

Google Play
Get the Best Financial Advice on Savings Bank AccountClick Here
Education Image

Prepaid card does not give you credit history

Saturday, June 3, 2017, 9:21 AM

Prepaid cards are transactional cards. Prepaid cards cannot help you build a strong credit history. While using prepaid cards, you are not using a line of credit and don't need to pay a monthly bill to repay a debt. Your activity is not reported to credit reporting agencies.
Read More

Learn to Save, Spend, Invest & Borrow Wisely with our Youtube Channel

What is your Credit Score? Get FREE Credit Score in 1 Minute!

Get Start Now!
Get It now!

This is to inform that Suvision Holdings Pvt Ltd ("") do not charge any fees/security deposit/advances towards outsourcing any of its activities. All stake holders are cautioned against any such fraud.