I've seen a credit score increase of 100 points in the past 3 months or so

@MethDozer A debit card is like cash. People who loan money don't really care about how you spend your own money, they care about how you pay back money that you borrow.

Personally, I only use a debit card when getting cash from an ATM machine, and rarely if ever for purchases. It boils down to the possible disputed or fraudulent charges.

@Heartlander You're missing the point. I'm 42 years old and know what a debit and credit card are ffs.

A credit builder card isn't a credit card. They're weird. They say credit card on them but they have no credit on them, you put money into an account and they deduct from that. They're basically a debit card, but it rings as credit and it can raise your credit score.

@MethDozer It's like a prepaid credit card, much like if one carries a credit balance on a regular credit card account, except in this case the issuer insists that you carry a credit balance.

The credit card reporting industry probably treats it like any other credit card because it's a path for disciplined responsibility. Debit cards and cash are of no interest to the credit card industry. Also, if treated like a regular credit card I would think that it would give better consumer protection.

@Heartlander Just, just stop talking.

@MethDozer Perpetually carrying a credit balance on a credit card would likely enhance one's credit score. Having a debit card or a cash card would likely have little to no effect on one's credit rating. It's about one's responsibility and reliability in paying what they owe, and not how or where they spend what they have.

The two cards (debit/credit) don't really function in the same way. The difference starts at the very top: "is this a credit or debit card?"

@Heartlander IIt's the samething. What I don't get is how they build credit but a debit doesn't when they both function the same way. You put $2000 into an account, you no have up to $2000 tk spend on the card. You're debating the difference between a credit or debut card. I don't think you know or grasp what a credit builder card is. You don'y charge tk a credit builder card. You spend what funds you have in the account, there's no credit or credit balance on them.



Fyi you can ring a credit card as a debit and vice versa

@MethDozer Yes, some of the newer POS devices can automatically discriminate which is which as POS devices merge with ATM machines, and a cash advance on a credit card may appear to be the same as a withdrawal from a checking account, but a debit card transaction is still but a shortcut to replace writing a check, and the electronics behind the face of the device are there to connect to your bank account. For a credit card transaction the electronics would connect you to a credit card company and access your line of credit. Writing a check has little to no effect on one's credit rating, except when it's a bad check; paying off a credit card transaction will affect one's credit card rating, even if it's payed in advance. Credit ratings are a tool of the lending industry, not a tool of the deposit side of the banking industry.