No. Debit cards as well as prepaid cards won’t allow you to build credit history. The reason is, you are not given access to a credit account and the debit card activity is not reported to the major credit bureaus. If you want to build your credit, you should apply for a credit card. If you are a student, you can choose a credit card from those offered to students. Student credit cards usually have lower interest rates and fees. Some of them even come with rewards.
BEST STUDENT CREDIT CARDS from our partners:
Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants or Amazon.com up to the quarterly maximum each time you activate. Plus, earn unlimited 1% cash back on all other purchases – automatically.
Fair Credit
Enjoy 0% Intro APR for 7 months on purchases from date of account opening; after that the variable APR will be 16.24% - 26.24% based upon your creditworthiness*
Good Credit
2% cash back at restaurants and gas stations on up to $1,000 in combined purchases every quarter - no sign-ups needed. Plus, earn unlimited 1% cash back on all other purchases – automatically.
Fair Credit
