wwdubbia
join:2002-06-03
Clinton, NY
| reply to Ark
Re: Ok
said by Ark  :You would call it a prepaid debit card, not a credit card. You aren't buying anything on credit if its prepaid, hence the original poster is right that it is an oxymoron. It doesn't matter if its one-time use or not. However, debit cards rarely, if ever, report to the credit bureau, where the prepaids often do.
Many people use 'prepaid credit cards' to rebuild or establish good credit, whereas debit cards perform no such function.
The pre-paid credit card is not oxymoronic due to this differentiation. |
