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Prepaid card does not give you credit history

Prepaid card does not give you credit history

Saturday, June 3, 2017, 2:51 PM

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.
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