Kaets

Do debit cards boost your credit rating? I have heard stories from both sides saying yes and no. I don't know, does anyone else know.

joecool6101

No they do not because a debit card is basically the exact same as a bank card so it does not help your credit score..

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Althema

Debit cards do not help your credit, but they do help you keep your checking account on the positive side. I use a debit card instead of personal checks because I am horribe with Math. If the debit card doesn't work, I know my personal checking is empty.

And by keeping my checking account positive for 2 years, it also helped my credit due to the bank also granting me a savings account and credit card.

I followed a plan outlined by my bank, that helped me get myself on my feet again after years of not being able to even get a checking account.

So in a round about way, yes it can help your credit if your credit is really bad, like a past bankruptcy still on your record as in my case. (and bad math so a history of bounced checks and even one arrest for a check you didn't know bounced is on your record due to an ex going happy crazy with your checks and credit) But it doesn't help your credit report if you already have good credit.

dovic1

No debit cards don't help with your credit score. Good point Althema I don't have to about over spending with my debit card.

jackman

As already pointed out Debit card won't help you gain the credit score. But as said by Althema, is at least helps you do stay on the positive side.

stealth

Debit card can give you the convenience of transacting online. However, your protection in using debit cards is limited compared to the protection you derive as a credit card holder. For instance, requesting for a chargeback thru your debit card provider may be a futile exercise since you spend your own money.

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sweeper

In my opinion, it can boost your credit card score if you have a good spending pattern. It can be an indication of your capacity to pay because debit cards can only be used if you have funds avaiable. Using debit card is good as paying cash.

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steel_angel

I can not say that that they really keep you in the positive since there is overdraft and I have used beyond what I actually have in my checking account, though I still don't think it affects my credit rating.

sood123

Debit cards never really boost anything. They are not even as powerfull as credit cards. Its just like an passbook with which you can withdraw money anytime from ATM.

peyton999

I think Debit cards do not help your credit.Debit card won't help you gain the credit score.As for me it is just a burden and nothing else.