My wife keeps asking me to open one of these for her - so she can build credit. Can that work?

If not, I guess the best way to build a good credit record would be to get a regular credit card - make reasonable purchases & be sure to pay off the balance in full every month.

Thanks!

Hello
there are many ways to get pre paid credit. find out in online

Thanks!

Try for a regular credit card first as they do not have all of the fees associated with prepaid credit cards. It sounds like your wife has no credit, not bad credit and should still be able to at least qualify for a credit card. Capital One is good about extending credit cards to people with limited or no credit histories.

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Credit card comparison

ya you absolutly right.

What you need is a regular credit card, or at least secured credit card. Of course they have to be paid on time each and every month, if you want to build a good credit. The prepaid credit cards, are not real credit cards, but are just stored value cards (deposits), accepted wherever normal credit cards are accepted.

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Never spend your money before you have it. -- Thomas Jefferson

Spencer is right...I would apply for an actual credit card in order to start building. Are you talking about a debit card as prepaid?

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New graduate with an emphasis in debt counseling.

What everyone is trying to explain is that a normal credit card is a better option because it can provide you with the improved credit scores without all of the fees, as long as you stay on top of your payments. Many lenders take advantage when you miss your payment, especially if you are a first time credit user.

Where most people get into trouble is when they begin spending beyond what they can afford. Then there is an APR charged onto what you owe the company.

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