Does a debit card help to build your credit score?

Answer The purchases you make with your debit card are paid for through your personal bank account. Your banking transactions are not reported to the credit bureaus. Thus, using your debit card has no imp... Read More »

Top Q&A For: Does a debit card help to build your credit score

Does using a check card or debit card help you build credit?

With a debit card, often called a "check card," you pay for purchases with money pulled directly from your checking account. Because you use your own money rather than borrowing money and repaying ... Read More »

Can a Visa debit card help build credit?

Visa check cards, often called debit cards, do not build credit. No credit is issued on the account, since customers use money that has already been deposited into their accounts, and the banks do ... Read More »

Does adding your child to a credit card help his credit score?

The idea of adding your child to your current credit card is commonly referred to as "piggybacking." While this used to help build credit for your child, it no longer does. You can, however, open a... Read More »

Does using a debit card build credit?

On One Hand: It Does Not Build CreditOne of the main disadvantages of a debit card is that you cannot build up a good credit history like you can with a credit card. Debit cards are not considered ... Read More »