Can an Extra Debit Card Help You Build Your Credit? A Comprehensive Review

Extra Debit Card Review Can It Build Your Credit


Are you looking at ways to build your credit score? An Extra Debit Card can be an excellent option to consider. It works exactly like a regular debit card and is designed to help you build good credit by making payments on time.

In this review, we’ll discuss how it works, the features provided by Extra Debit Card, and its pros and cons so that you can decide if it’s right for your credit building plan.

Overview of Extra Debit Card

The Extra Credit Debit Card is a great financial tool for those with limited access to traditional credit products. It provides the convenience of a debit card without the traditional restrictions or hefty fees associated with traditional credit cards. This debit card, offered through the Extra Credit Company, is designed to help build your credit score and improve your overall financial health.

The Extra Credit Debit Card helps you to establish positive spending habits by making debit card payments easier, more secure and accessible throughout the United States. With no annual fees, late payment fees or over-the-limit fees, this card aims to be cost effective while also helping you monitor and manage your spending via a helpful desktop app. The desktop app allows you to easily view account activity in real-time, set up budgeting goals, receive notifications when account activity spikes and other such helpful features.

The Extra Credit Debit Card also has built in protections like Zero Liability Protection which means that if any unauthorised purchases are made using your card you will not be liable for them and Verified by Visa which adds an extra layer of security when shopping online at participating vendors. There are also no balance transfer fees associated with using this debit card meaning that you can easily switch between balances at different vendors without any additional financial burden – allowing for greater flexibility and control over your day-to-day expenses.

Overall, the Extra Credit Debit Card is an excellent resource for anyone looking to take control of their finances and build their credit rating in a cost effective way.

Benefits of the Extra Debit Card

The Extra Debit Card is a great way to build and improve your credit score. With no annual fee and a low credit limit, the card provides a great way to access and use credit without exposing yourself to too much debt. The card also offers other benefits such as cashback, rewards, and bonuses.

Let’s take a closer look at the benefits of the Extra Debit Card and how it can help you build your credit:

Easy to Use and Manage

The Extra Debit Card makes it easy to use and manage, as it provides an online platform for managing all of your debit card activities. This can help simplify your budgeting process and allow you to better understand how much is being spent each month. You will also have access to an instantaneous transaction history which can come in handy for tax and accounting purposes.

The Extra Debit Card also includes a variety of features that make using it simple. For example, the card uses PIN technology so users are not required to enter a personal identification number (PIN) each time they use the card. As long as your PIN is entered correctly, purchases made with the card will be instantly processed without having to enter any additional information or delay the transaction.

This helps reduce time needed for transactions allowing debit cards users more convenience when making in-store purchases and online payments. Additionally, users are able to perform cash withdrawals at thousands of ATMs around the world with no fees, helping reduce costs even further.

No Credit Check Required

Applying for an extra debit card is a straightforward process with no credit check involved. This makes it possible for anyone to get a card and enjoy the convenience of using it for everyday purchases. Since you’re using preloaded funds rather than borrowing money, there is no risk of an accumulation of debt, as you are not spending more than what you have put into your account. This can be especially useful for those who do not have or do not want to use a credit card or are without other forms of income.

An extra debit card may also provide enhanced security over traditional cards because it is tied to your existing bank account, thus minimizing the chances for fraudulent activity on the card. Furthermore, with chip technology, you can add that extra layer of protection by having a physical component that must be deactivated in order to make a purchase. This further reduces the chances of any unauthorized transactions taking place on your debit card.

Having an extra debit card can also allow ease-of-use when dealing with budgeting by monitoring your spending patterns and helping to streamline cash flow. It also offers additional privacy – since you don’t share any financial information with merchants when making purchases – even online ones – as all that is needed is your unique identifying number that links back to your bank account but cannot be feezed like physical cards can when lost or stolen.

How the Extra Debit Card Can Help Build Credit

The Extra Debit Card is a type of debit card that comes with a number of benefits. This card is designed to help consumers build their credit history by reporting to one of the three major credit bureaus. It also provides financial transparency, allowing users to track their spending, budgeting, and even monitor their credit score. With this card, users can take a proactive approach to their credit building.

Let’s take a closer look at how the Extra Debit Card can help build good credit:

Establishing a Positive Payment History

Building credit can be a long-term process that requires patience and thoughtful planning. Establishing a positive payment history is one of the key factors that go into calculating your credit score, and using an Extra Debit Card can be a good way to start building this history.

A positive payment history will demonstrate to potential employers and lenders that you are dependable, reliable, and financially responsible. To establish such a track record on the Extra Debit Card, you’ll want to make sure your account is in good standing by consistently making all payments on time.

A number of best practices can also help build this history:

  • Monitor your expenses: Make sure not to spend more than what you can comfortably pay off each month, while still doing so before the payment due date;
  • Pay in full: Paying off all balances at or before the due date will help ensure your banking records reflect successful payments with no late fees or penalties charged;
  • Automate payments: Setting up automatic payments for recurring bills (subscriptions or streaming services) is an easy way to ensure that these bills are paid in full each month;
  • Schedule reminders: Scheduling regular appointment reminders for yourself is helpful for keeping tabs of income/expenses and upcoming due dates;
  • Contact Creditors/Lenders: If you’re having trouble making monthly payments or have other issues related to debts, it may be best to contact the creditor/lender directly and arrange suitable repayment terms.

By continuing to practice these methods with your Extra Debit Card over several months (or even years), you’ll be able to demonstrate a consistent pattern of responsible behaviors related to managing financial obligations – which will ultimately serve as evidence of good credit habits where it counts the most!

Improving Your Credit Utilization Ratio

Having an extra debit card can help improve your credit utilization ratio, which is one of the most important factors for having a good credit score. Credit utilization is calculated by dividing your total outstanding credit balance by your total available credit limit. The higher your utilization ratio, the more negative impact it has on your credit score.

One way to reduce your utilization ratio is to simply increase the amount of available credit you have at any given time. Adding an extra debit card with a small but substantial limit can help bring down overall utilization ratios, provided all charges are paid off in full each month. If you use this tactic, choose a fintech or other type of prepaid or debit card that reports activity – the repayment data should be sent to all three major U.S. consumer reporting agencies (TransUnion, Experian and Equifax). That’s how using an extra debit card can help build your credit over time.

Establishing a budget and following it can also help you effectively use an extra debit card to improve and maintain a good credit score. To get the most benefit from this tool, strive to make regular payments in full each month so that you have no outstanding balance on either card at the time of reporting dates for that month’s billing cycle. Keep tracking these payments and see how fast it affects your overall credit score!

Drawbacks of the Extra Debit Card

While the Extra Debit Card could be a convenient way to help rebuild your credit, there are some drawbacks to consider before getting one. For starters, the Extra Debit Card does not offer a line of credit; instead, it provides an instant-access checking account that needs to be funded up-front. This means you will need to make sure your funds are readily available since you can’t go beyond your account balance. There are also fees involved, which we will cover more in-depth here.

Limited Acceptance

One of the primary drawbacks of obtaining an extra debit card is its limited acceptance by some merchants. While certain companies, such as Viabuy, do accept major debit and credit cards, other merchant websites may refuse to complete purchases which are made through extra debit cards. This is due to the fact that many small vendors do not have the ability or desire to keep up with changing rules and regulations governing these extra debit cards. Furthermore, due to extra debit cards’ lack of clear affiliation with standard American banks or established credit organizations, many business owners are reluctant about allowing them for payment.

Another potential drawback is that some companies who offer extra debit cards may not report their activity to established credit bureaus. This means that your spending history on these cards will not be included in your overall credit score calculation and could effectively turn out to be a waste of time and money if this is an important goal for you financially. Even if they report filers’ activity, they often may not give a payment history time-frame – thus undermining any ambitions you might have had to use it as part of your overall financial strategy.

High Fees

The extra debit card can be appealing to those wishing to improve their credit score as they believe they are getting a head start on building the credit they need. Unfortunately, this is not the case and can likely lead only to disappointment and wasted funds. The major drawbacks associated with the extra debit card involve several high fees that come along with it.

The first fee is an application fee commonly ranging from $99-$149 depending on which issuer you choose. This is applicable (in most cases) even if your application is denied. There are also annual fees of as much as $150 along with monthly maintenance fees of around $10 for each month you own and use the card. And lastly, there may be up to 5% additional costs for any transactions done abroad or in a foreign currency if you happen to be travelling outside your home country using this card.

These fees will be charged regardless of whether or not the account holder actually uses their extra debit card and should make any consumers thinking about applying for one pause before proceeding further in their search for better credit options or building their credit score.


When considering an extra debit card to build your credit, there are a few key things to consider such as fees, customer service, and the impact it can have on your credit score. We’ve gone through an in-depth review of the extra debit card to assess whether it can help you build your credit. Now, let’s take a look at our conclusion.

Summary of Pros and Cons

In conclusion, while using an extra debit card can help to build your credit score, it is important to weigh the pros and cons before you make a decision.

For those who are able to manage their finances responsibly, using an extra debit card may be a great way to build credit and gain the advantages of having a higher score without the high interest rates of traditional credit cards. However, for those who struggle with overspending or impulse purchases, an extra debit card may not be the best option as it could lead to debt and negative marks on your credit history.

Before making any decision about how to improve your credit score, you should consider all of the available options and carefully research them to ensure that you make the best choice for your financial situation.

Kylie Mahar

Kylie Mahar is a financial guru who loves to help others save money. She writes for, and is always looking for new ways to help people make the most of their money. Kylie is passionate about helping others, and she firmly believes that financial security is one of the most important things in life.

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