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Is it possible to open a savings account at an average bank and be issued a debit card with bad credit?
Wiki User
∙ 12y ago
Absolutely, DEBIT CARD, implies that you have money already in the bank. A debit card just takes money out of your account, YOUR MONEY. In fact, if you have bad credit, like me, then that is probably the best place to start if you are trying to rebuild your credit, which you should be trying to do. Now a CREDIT CARD means you will be spending money that you don't have, but using a credit card also means you are promising to pay when the bill comes in the mail. That's the piece of paper that changes colors the longer you ignore it. Alot of credit card companies will give anybody a card. I mean ANYBODY. Theoretically, my cat could probably get a credit card ( she would probably have a higher limit than me too!). Usually in that situation, they start you out with only a 200 dollar limit. But that's more than enough to dig yourself into a deep hole if you arent careful. That's what the credit card companies want, they want to keep you as a slave to the bank. So be careful, pay your bills on time and go head and rebuild that credit. GOOD LUCK.
Wiki User
∙ 12y ago
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What is savings account called at a credit union?
A savings account at a credit union is generally called a share account.
Can you get a payday loan with a savings account?
No! You must have a credit account!
Where can you open a savings account?
You can open a savings account at any bank or credit union. There are online bank savings accounts, too.
Is it possible to establish credit with debit cards with the MasterCard or Visa logo if you choose the credit option when you make purchases with them?
No your debit card is linked to a checking or savings account which is not on your credit history.
Savings accounts at a credit union is called?
Share account
What is the average rates for a savings account at park community federal credit union?
The average rates for a regular savings account at Park Community Federal Credit Union is 0.11%. This information can be found on Park Community Federal Credit Union's website.
What is savings account called at a credit union?
A savings account at a credit union is generally called a share account.
What is a savings account at a credits union?
A savings account at a credit union is generally called a share account.
Can you get a payday loan with a savings account?
No! You must have a credit account!
Where can you open a savings account?
You can open a savings account at any bank or credit union. There are online bank savings accounts, too.
Is it possible to establish credit with debit cards with the MasterCard or Visa logo if you choose the credit option when you make purchases with them?
No your debit card is linked to a checking or savings account which is not on your credit history.
Does it hurt my credit to close a savings account?
no. You will hurt your credit when you close an open line of credit.
Savings accounts at a credit union is called?
Share account
Is it possible to get a bank account if you have poor credit?
Yes it is possible to get a bank account if you have poor credit. Most banks do not check your credit in order to open an account. However, if you have had delinquent bank accounts in the past, your name may come up in the "Chex" system, which might present a problem. Generally savings accounts are easier to get than checking accounts, but even with horrible credit, you can usually still get some kind of checking account.
Is saving account a bank account?
If you have a savings account at a bank, then it is a bank account. If you have it in another kind of institution, such as a Credit Union or Savings and Loan, then it is not a bank account, although some people use the term "bank account" loosely and apply it to any savings account anywhere.
Can you be denied a savings account?
No. As long as you have money that can be deposited into the savings account, the bank cannot deny giving you a savings account. However, if you have a history of bad checks being issued, default on credit card payments etc the bank will not issue you any credit cards or check booklets.
Can you build credit history by using Debit card alone and not using Credit card at all?
No, spendings of debit cards aren't reported to credit reporting agencies. However it's possible to have a secured credit card(backed by a savings account) and build credit with that.
