Do Debit Cards Help Build Credit?
Overview There are many different ways to fix a poor credit situation. Credit cards, bank loans and other types of credit can all affect a credit report. While numerous types of cards may help to build credit, debit cards are a whole different sort. There are various reasons why debit cards cannot be used in the same manner as credit cards. Debit vs. Credit Credit cards are given based upon a single line of credit. Each card has a different line of credit attached to it. In order to acquire a credit card, a person must have a decent credit rating. A person with a poor credit rating may not gain a card, or he may be stuck with a very high interest rate. A debit card (on the other hand) does not function based upon a line of credit. Instead, a debit card is directly linked to a personal bank account. Thus, the more money that is inside of the bank account, the more money can be spent by using a debit card. Using Cards Some debit cards feature a major credit card company logo (Visa or Mas
