I’m trying to improve my credit score and I... - Prepaid Cards Questions


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Credit Card Applications » Questions » User Questions » Prepaid Cards » I’m trying to improve my credit score and I have an Amex Bluebird card. Will this help me...

I’m trying to improve my credit score and I have an Amex Bluebird card. Will this help me build credit?

Answered on
The content is accurate at the time of publication and is subject to change.

Unfortunately, the answer is no, a prepaid card like the Bluebird card will not help you improve your credit score. Because a prepaid card allows you to spend your own money, not access a line of credit, it is not actually showing your creditworthiness. Your activity will not be reported to credit bureaus, so it will not affect your credit score in any way. That does not mean, however, that a prepaid card isn’t a useful tool to manage your money. If you would like an alternative to a traditional checking account, a prepaid card is a great option. If you need to establish or build credit, you will want to apply for a regular credit card that gives you a line of credit and reports your activity to credit bureaus. This could be an unsecured card or a secured card. Which one you want will depend on your level of credit. If it is very limited, you may want to consider a secured card. With this type of card, you’ll put down a deposit that acts as collateral, in case you default on your debt. The deposit amount will become your credit limit. There are a variety of great secured and unsecured credit cards to choose from.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
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.
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