Does using Metabank cards affect my credit score?

Answered on January 02, 2018
Updated on January 02, 2018
The content is accurate at the time of publication and is subject to change.
Amy Miller Amy Miller
Metabank offers prepaid cards. Prepaid cards don't have a credit line and they are not credit cards. No credit is granted to you and no payments are required, so it has no effect on your credit score. If you want to build credit, it's better to apply for a credit card. Owning a credit card may hurt your credit score if you don't pay on time or do some other bad things for your credit, but it can also help you build credit if you don't carry a balance and follow the rules. The best cards for building credit are secured cards. You may apply for them even if you have limited or no credit. They make you pay a deposit equal to your credit line. As soon as your credit has improved, you may upgrade to a regular card.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.

User Comments about This Question

BROWSE MORE QUESTIONS ABOUT Bad Credit Cards:

First of all, you need to find out the reason of these rejections. Issuers typically send a rejection letter with explanations, so just read it attentively. Then, check your credit reports to make sure that there are no mistakes. In case there are some, you can dispute them with the bureaus. You also should have all your credit accounts in good standing, no active bankruptcy, no overdue payments and no excess of the limit. After paying off the late payments (if you have those) pay on time at least for two months on all accounts. Only after that you can try to apply for a card again. But make...
The Barclaycard Ring Mastercard credit card is no longer issued by the bank. That's why you cannot find it and cannot apply for it. You can apply for a different credit card though. You can get a rewards credit card that will allow you to earn rewards on all your purchases and redeem them towards any expenses. There are a lot of great credit cards that can be more rewarding than this card. Just make sure your credit score is good enough to get it.
With a score of 620 you have a bad credit. The Norwegian Cruise Line® World Mastercard® is a premium card, meaning that it is available for customers with good to excellent credit. Thus, although you can give it a shot, it is unlikely that you'll get approved. With poor credit history, your primary goal should be building your credit by obtaining a suitable credit card and paying your balance in full each month before the due date. There are credit cards specifically for people with poor credit history, for example, you can get a secured credit card and put a deposit equal to the credit...

Have A Credit Card Question? Ask Our Experts

Help us personalize your results
Your Credit History:
Do you have checking account?
How long have you had a loan or credit card?
Have you ever been declared bankrupt or defaulted on a loan?
Have you been late on any credit card or loan in the last year?
* - marked fields are required to be filled
By submitting your question, you agree to the following:*
Here at BestCreditOffers.com we will answer all questions to the best of our knowledge and understanding, but we are not legally accredited professionals. We assume no liability for actions resulting from our advice and cannot guarantee the accuracy of information in all cases. Please seek appropriate professional or legal advice when needed.
ASK YOUR QUESTION
ASK YOUR QUESTION

LOOKING FOR A CARD?

There is a credit card for any credit and for any purpose. Whether you want to start building your credit from scratch or earn rewards on purchases, save on gas or travel for free, you can find a good credit card offer for that.