What is the difference between secured and prepaid credit cards?
Which is better? Which charges less in fees? Do they both report to the credit bureaus to help rebuild credit?Any idea what is the best company to go with? I am looking for something that my teen can use but also help to rebuild my credit. Here’s the difference between prepaid and secured cards. Prepaid- You spend what you load onto the card. Secured- The security deposit determines your credit line, you pay back what you spend, just like a regular credit card. Usually, all secured cards reports to all 3 bureaus, while not all prepaid cards report. AccountNow (http://www.accountnow.net/#) is the only one that builds credit by
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What is the difference between secured and prepaid credit cards?
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