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We connect to your existing bank account and make the payments automatically to build credit. Traditional debit cards do not do this.
by VrindaGupta 5y ago
We connect to your existing bank account and make the payments automatically to build credit. Traditional debit cards do not do this.
- mike_d 5y agoThat is exactly what debit cards do. When you make a purchase the money is withdrawn from your account. The only novel thing here is you are deceiving the processing networks by claiming your debit card is a credit card. My credit union tried to do the same thing many years ago (as a way to build credit for students) and it eventually got caught by the processing networks and recategorized. Within a month or two it dropped off everyone's credit reports and they were back to square one.
- VrindaGupta 5y agoSequin fronts the money to the merchant and pays ourselves back automatically from a connected bank account (unlike traditional debit cards). We are an official Visa partner and deal directly with credit bureaus.