Comment Re:Good luck with that. (Score 1) 558
1. If you already have a mortgage and/or car loan the need for a credit card goes down. Besides the one with the highest credit score is the person willing to carry a balance and always make the payments. The score is not only about your ability to pay but also how likely you will carry a balance.
2. If you always pay off your credit card you can be subjected to fees to keep the card active.
3. You assume they have all of their money in a single checking account and really isn't a valid point.
4. I only had a problem with a rental company when they held a large sum of money (the agreed rental amount) and it took 7 days for the bank to remove the hold and show a credit. Since then I have a second debit card associated with my travel account to prevent any future complications.
5. Sometimes its better to cut your losses than to owe a shit ton of money to predatory lenders including credit card companies. You'll eventually lose your car and your house and owe money to your credit card company at an insane interest rate that will take over a decade to pay off.
6. My bank is proactive. After the Target and Home Depot fiasco, my bank sends me a replacement card and just monitors my purchases until the new card arrives.