No. Prepaid cards work like debit cards, and are not reported to the three major credit bureaus. Instead, some prepaid credit cards that claim to help you build your credit, report to a bureau called PRBC (Payment Reporting Builds Credit), which calculates an alternative credit score used by some lenders for customers who don’t have enough of a credit history to calculate a regular credit score. However, most major lenders don’t use this score.

If you are looking for a card option that will help you improve your credit rating, apply for a secured credit card. Secured cards offer a 100 percent guarantee that you will be approved as long as you place at least a $200 security deposit, and work just like regular credit cards. They are also reported to the three major credit bureaus.