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Just curious. I'm thinking about getting a Green Card, but I am still building credit. I just want to be sure using the Green Card will build credit like my Visa. Thanks!

2007-01-14 17:04:03 · 6 answers · asked by BMF Libertarian 4 in Business & Finance Personal Finance

6 answers

Yes it will. Lenders are just looking for evidence that you have the habit of paying back the money you borrow on time. All the AMEX cards qualify.

2007-01-14 18:27:16 · answer #1 · answered by sdmike 5 · 0 0

It is true that a credit card like the one you mentioned does affect your credit score. Capital One also does not report a persons credit limit either, but only their high balance. Doing it that was keeps a persons credit score lower, possibly allowing banks to be able to charge higher rates. Interesting side note about cards with reward points, 80% of people never use their points. Personally I'd dump that card for a better one, or just use my debit card for less hassle

2016-05-24 04:02:37 · answer #2 · answered by Anonymous · 0 0

Get a secure credit card to start. With the Green, you'll have an annual fee and I think it's $75.

2007-01-14 17:07:38 · answer #3 · answered by Anonymous · 0 0

Yes, they do. Any agency that reports to the credit bureau can put a good reference on your report (or a bad one).

Beware the AmEx annual fee! It's a doosy!

2007-01-14 20:33:50 · answer #4 · answered by Anonymous · 0 0

yes, they do....they also like you to pay off your balance every month.....american express cards can be hard to get sometimes...

2007-01-14 17:12:48 · answer #5 · answered by intelligentbooklady 4 · 0 0

I think yes

2007-01-14 17:07:00 · answer #6 · answered by selvi p 1 · 0 0

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