do prepaid cards report to credit bureaus?
Answered on Tuesday, February 15th, 2011 by
James Williams

Most prepaid cards do not report to the credit bureaus as these are not about extending credit to you. Prepaid cards are not credit cards, thus they do not help your credit. But these are a good alternative to carrying cash. If you are interested in prepaid cards, browse through the cards here and apply online.

Other Popular Prepaid & Debit Card FAQs

The iAdvance Line of Credit associated with many prepaid debit cards from MetaBank exists no longer. For some reasons the Office of Thrift Supervision, MetaBank’s bank regulator, required Metabank to stop iAdvance program by October 13, 2010 and for good. For more information please contact MetaBank.

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Keeping track of your available balance is important, since with prepaid debit cards you can only charge up to the amount you have pre-deposited into your account. You can check your balance at your card issuer’s web site, making a phone balance inquiry, or using an ATM. If you have mobile banking on your prepaid [...]

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Our Financial Expert Team
Amy
Miller

While she enjoys writing about money, Amy admits she is not your typical personal finance writer-she is a shopaholic, an impulse/emotional buyer, and unable to save for longer than a few months at a time. But she is trying to improve her finances and shares her experience and tips on learning how to budget money, manage debt, and set goals in her writing for BestCreditOffers.com. She hails from the foggy city of London, but now resides in Salt Lake City.

James
Williams

James Williams is a personal finance expert, trained in journalistic writing. As a freelance writer and professional blogger who works from home, he contributes to many personal finance websites including BestCreditOffers.com.

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