Ask Marsh

Ask Marsh.

Ask Marsh

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Great Question, we offer 2 credit builder cards because each card offers different features and provides different solutions. First thing you need to do is to determine the time frame you are on in regards to your credit issues combined with your near or future plans.

Let's take a few examples:

If you plan to make a large purchase, home, refinance a home, auto loan in the next 3 months and have credit issues and need to have the 3 credit reporting bureaus reporting additional trade-lines or build positive credit your best option is to go with the Secured "Credit Builder" Credit Card. This card provides the fastest path to establish additional trade-lines or positive credit being reported by the bureaus. Please note: you need to get started ASAP as it can take 30 – 45 days for the bureaus to report information. This secure Credit Card does require a deposit and has an activation fee but this is a small price to pay if you have programs with your credit and are on a time frame to turn credit issues around.

Second example:

Now let’s say your goal is to establish, build, rebuild or just work to improve your credit score (rating) but there is really no timeframe, maybe 6 months to a year. In that case I would pick the Prepaid "Credit History Builder" Debit Card as it offers FREE sigh up and there is NO deposit required. I like the direct deposit feature, money share and all the other features that come with the card. The card is just like a bank account without the possibility of overdraft fees and other crazy and always changing bank service fees. You get great card features plus the “Credit Building Feature” all for about a quarter a day.

Let's recap:

If you have a pending purchase and need to establish positive credit, additional trade-lines and need it ASAP I would go with the Secured "Credit Builder" Credit Card.

If your goal is to work to establish, build, rebuild or improve your credit score and your not on a fitted time frame then my pick is the Prepaid "Credit History Builder" Debit Card, Dump that expensive bank account, have your paycheck direct deposited on the card and build credit with the cards Credit History Builder program.

Please remember to take the time to carefully read and understand the guidelines and features offered on each card

I do hope this was helpful, if your still not sure drop me an email and thanks > Back to Card Information Page

Marsh, I am trying to build my credit but not sure which card, Prepaid Debit Credit History Builder or the Secured Credit Builder Credit Card would be best for me as this is a bit confessing,

Can you help?

Ask Marsh