Being a college student I had a very long and hard time getting a credit card. Everywhere I applied at required a credit line or a co-signer. To me this was very unfair to do because I was responsible, but the only way to prove that was to already have a preexisting credit line. This is one of the many reasons why no credit cards are a good thing.
Having no credit credit cards is equivalent to an online credit check, possible proof of employment and no stress of having a previous credit line. This gives you respect in the society and you become part of it. If one has credit cards, he need not carry cash wherever he goes. Carrying cash could be dangerous and one could get mugged. Another advantage is that you need not postpone buying something for want of sufficient funds since credit is available.
I can appreciate the value of no credit credit cards because I have in a position where I have had zero credit. Not many people are born with a premium credit line or any credit line at all so it is important to be able to not feel bad about not having a credit history. If a company is willing to make me feel comfortable and secure about the decisions I make by offering a no credit credit card then I will be the first in line.
The idea of identity theft or credit card theft is a scary thought. I do not know anyone who wants to be in a situation where someone has stolen who they are financially. It is hard enough to start a great credit history on your own and then to be responsible with spending is just a part of having a credit card but it can sometimes overwhelming. Therefore credit report monitoring is a great way to keep track of how you are doing as a consumer and if anyone else has touched your personal credit line.
Being a college student I am included in the typical stereotype of people who are irresponsible with money, and cannot keep purchasing under control. Not true for everyone. Almost all students who have this problem have someone to fall onto if their financial condition collapses. I however do not, and I do not have anyone have to cosign me if I need assistance. This is a extremely unfair situation. If it were not for no credit cards then I would be completely and utterly out of luck.
Everybody deserve the financial indepedence which is strong enough and worth acquiring like the punctured tyre ,latest books and the final bil.The financial stabilty cannot be guaranteed by any credit card that is essential for you to make viable financial decisions for a lifelong period on a sustainable and productive basis.
- Daniel Lesser