When you apply for a Visa Debit Card are you considered to be applying for “credit”?
July 27th, 2009 | by admin |
Kate asked:
I have a bad credit rating but am interested in a Visa Debit Card (where you preload funds – not the secured kind). If I apply for one will the credit bureau or Visa consider the application to be for “credit”?
Benjamin
I have a bad credit rating but am interested in a Visa Debit Card (where you preload funds – not the secured kind). If I apply for one will the credit bureau or Visa consider the application to be for “credit”?
Benjamin
Tags: Apply For A Visa, Bad Credit Rating, Credit Application, Credit Bureau, Visa Application, Visa Card, Visa Debit Card
One Response to “When you apply for a Visa Debit Card are you considered to be applying for “credit”?”
By inneedofhelp on Jul 29, 2009 | Reply
Sylvia
no as you have the the money on there to use it, your loading the money on to it in prepayment method, like gas or electric for eg, you have to have it to use, credit is like borrowing money if it says debit your not borrowing the money