Comments on: What does charging my debit card as credit do for my credit? http://www.gettingbestcredit.com/credit/what-does-charging-my-debit-card-as-credit-do-for-my-credit/ Is Getting Best Credit All That Hard? Fri, 10 Sep 2010 14:29:30 +0000 http://wordpress.org/?v=2.6.5 By: K.C. http://www.gettingbestcredit.com/credit/what-does-charging-my-debit-card-as-credit-do-for-my-credit/ #comment-1838 K.C. Tue, 29 Sep 2009 22:20:19 +0000 http://www.gettingbestcredit.com/credit/what-does-charging-my-debit-card-as-credit-do-for-my-credit/#comment-1838 A debit card/ check card does not build credit because it's not "credit" you are using your own money from a hecking account A credit card is borrowed money from a bank that you have to make payments to A debit card/ check card does not build credit because it’s not “credit” you are using your own money from a hecking account

A credit card is borrowed money from a bank that you have to make payments to

]]> By: Bob http://www.gettingbestcredit.com/credit/what-does-charging-my-debit-card-as-credit-do-for-my-credit/ #comment-1837 Bob Sun, 27 Sep 2009 21:31:14 +0000 http://www.gettingbestcredit.com/credit/what-does-charging-my-debit-card-as-credit-do-for-my-credit/#comment-1837 A debit card is not a credit card and does nothing for your credit history. A credit card pays the merchant from the bank's money, which is considered a loan to you under your previously approved account agreement. A debit card pays the merchant from your checking account. Telling the merchant to process it as "credit" means that the bank gets to charge the merchant the higher credit processing fee. A debit card is not a credit card and does nothing for your credit history.

A credit card pays the merchant from the bank’s money, which is considered a loan to you under your previously approved account agreement.

A debit card pays the merchant from your checking account.

Telling the merchant to process it as “credit” means that the bank gets to charge the merchant the higher credit processing fee.

]]> By: hj_thorne http://www.gettingbestcredit.com/credit/what-does-charging-my-debit-card-as-credit-do-for-my-credit/ #comment-1836 hj_thorne Fri, 25 Sep 2009 15:35:16 +0000 http://www.gettingbestcredit.com/credit/what-does-charging-my-debit-card-as-credit-do-for-my-credit/#comment-1836 No, a debit card does not improve your credit. Having revolving accounts such as a car loan, a credit card a home loan or a loan and paying them regularly will help build your credit. You can get a store credit card and make small purchases and pay them off or pay small amounts monthly to help establish credit. Remember you can get into a lot of trouble with a credit card thinking that you'll pay it off next month or the next month and constantly purchasing it can become a vicious cycle. If you eventually want to own a home be responsible now with your credit, always pay on time, never charge too much on your credit card keep it in the freezer and use only for emergency purposes. Good credit is hard to get, bad credit is easy to get and will stick with you for years to come, once you get good credit work to keep it maintained. No, a debit card does not improve your credit. Having revolving accounts such as a car loan, a credit card a home loan or a loan and paying them regularly will help build your credit.

You can get a store credit card and make small purchases and pay them off or pay small amounts monthly to help establish credit.

Remember you can get into a lot of trouble with a credit card thinking that you’ll pay it off next month or the next month and constantly purchasing it can become a vicious cycle. If you eventually want to own a home be responsible now with your credit, always pay on time, never charge too much on your credit card keep it in the freezer and use only for emergency purposes. Good credit is hard to get, bad credit is easy to get and will stick with you for years to come, once you get good credit work to keep it maintained.

]]> By: Finance&WorkAtHomeSpecialist http://www.gettingbestcredit.com/credit/what-does-charging-my-debit-card-as-credit-do-for-my-credit/ #comment-1835 Finance&WorkAtHomeSpecialist Wed, 23 Sep 2009 18:33:00 +0000 http://www.gettingbestcredit.com/credit/what-does-charging-my-debit-card-as-credit-do-for-my-credit/#comment-1835 It will not have any effect on your credit. You are actually not using any credit just your own money. So if you want to build your credit try to get a store credit card first. It will not have any effect on your credit. You are actually not using any credit just your own money. So if you want to build your credit try to get a store credit card first.

]]> By: NEo http://www.gettingbestcredit.com/credit/what-does-charging-my-debit-card-as-credit-do-for-my-credit/ #comment-1834 NEo Mon, 21 Sep 2009 02:47:55 +0000 http://www.gettingbestcredit.com/credit/what-does-charging-my-debit-card-as-credit-do-for-my-credit/#comment-1834 paying in full will build your history fast paying in full will build your history fast

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