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Will I build credit with the American Express prepaid card?

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Will I build credit with the American Express prepaid card?

Answered on Apr 20, 2013

Updated on Apr 20, 2013

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

No. With a prepaid card your credit performance won’t be reported to major credit bureaus. If you want to establish your credit history, consider applying for a credit card. Credit card issuers offer some credit cards for people with no credit or a limited credit history.

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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