Comments on: No Credit Cards Needed http://www.ncnblog.com/2007/02/22/no-credit-cards-needed/ Debt Reduction Rocks - We Are Living Debt Free! Mon, 01 Dec 2008 19:42:35 +0000 http://wordpress.org/?v=2.6.3 By: Fiona http://www.ncnblog.com/2007/02/22/no-credit-cards-needed/#comment-10768 Fiona Wed, 02 May 2007 06:16:33 +0000 http://www.ncnblog.com/2007/02/22/no-credit-cards-needed/#comment-10768 Being credit-free is quite alright but if you know your way around it, you can actually benefit from a credit card. I'd have to agree with VG34. He does have a point. All you have to do is hook up with the best cash back credit card. Being credit-free is quite alright but if you know your way around it, you can actually benefit from a credit card. I’d have to agree with VG34. He does have a point. All you have to do is hook up with the best cash back credit card.

]]> By: Larry http://www.ncnblog.com/2007/02/22/no-credit-cards-needed/#comment-9488 Larry Wed, 25 Apr 2007 07:10:00 +0000 http://www.ncnblog.com/2007/02/22/no-credit-cards-needed/#comment-9488 I wonder at the statistic that people spend that much more when using a credit card–how was it obtained? My credit card purchases are much higher than my cash purchases for one simple reason: I don’t like carrying more than $60 or $80 in cash, so when I buy a camera, or an iPod, or a computer, or a few housewares, naturally I use a credit card. I wonder at the statistic that people spend that much more when using a credit card–how was it obtained?

My credit card purchases are much higher than my cash purchases for one simple reason: I don’t like carrying more than $60 or $80 in cash, so when I buy a camera, or an iPod, or a computer, or a few housewares, naturally I use a credit card.

]]> By: old grump http://www.ncnblog.com/2007/02/22/no-credit-cards-needed/#comment-1619 old grump Mon, 05 Mar 2007 20:31:17 +0000 http://www.ncnblog.com/2007/02/22/no-credit-cards-needed/#comment-1619 Carrentals and debit cards are a tough mix, it is a secret as to what is required on your debit card, suddenly I was denied (plenty of money in the acct, rented from them a month earlier), which killed my vacation. I will never fly anywhere and depend on a debit card to rent a car. I have no debts and am a renter and thus I can't get a credit card. Carrentals and debit cards are a tough mix, it is a secret as to what is required on your debit card, suddenly I was denied (plenty of money in the acct, rented from them a month earlier), which killed my vacation. I will never fly anywhere and depend on a debit card to rent a car. I have no debts and am a renter and thus I can’t get a credit card.

]]> By: VG34 http://www.ncnblog.com/2007/02/22/no-credit-cards-needed/#comment-1296 VG34 Tue, 27 Feb 2007 15:42:57 +0000 http://www.ncnblog.com/2007/02/22/no-credit-cards-needed/#comment-1296 I have to disagree with your article above. When purchasing something with cash, you have no recourse should you need to return the product and the store not allowing it. what about 5% cash back on gas cards, your actually spending MORE money by using cash than if you could charge up with gas and pay it off automatically monthly... I have to disagree with your article above. When purchasing something with cash, you have no recourse should you need to return the product and the store not allowing it. what about 5% cash back on gas cards, your actually spending MORE money by using cash than if you could charge up with gas and pay it off automatically monthly…

]]> By: Brian Christopher http://www.ncnblog.com/2007/02/22/no-credit-cards-needed/#comment-1282 Brian Christopher Tue, 27 Feb 2007 05:01:38 +0000 http://www.ncnblog.com/2007/02/22/no-credit-cards-needed/#comment-1282 I stopped playing the credit game years ago. I pay cash wherever I go. I feel free and liberated! People have suggested I should have a credit card "in case of an emergency." But I can not think of one emergency I would have that would require me to finance it. If I couldn't borrow money from friends in a dire emergency then what does that say about me as a person? Being on a cash only basis has its rewards. You are living in reality and you know exactly what you can afford and when you can afford it. My self importance is not tied to material possessions. If I should find it necessary to carry a large amount of cash (ie: going on vacation) I always break it up on my person. I'll store a little in my wallet, some in my sock, some in a money clip, and maybe some in a carry-on bag. If someone ever demanded I give them "all my money" I could easily hand them the money clip or my wallet and not be completely wiped out. I stopped playing the credit game years ago. I pay cash wherever I go. I feel free and liberated! People have suggested I should have a credit card “in case of an emergency.” But I can not think of one emergency I would have that would require me to finance it. If I couldn’t borrow money from friends in a dire emergency then what does that say about me as a person?

Being on a cash only basis has its rewards. You are living in reality and you know exactly what you can afford and when you can afford it. My self importance is not tied to material possessions.

If I should find it necessary to carry a large amount of cash (ie: going on vacation) I always break it up on my person. I’ll store a little in my wallet, some in my sock, some in a money clip, and maybe some in a carry-on bag. If someone ever demanded I give them “all my money” I could easily hand them the money clip or my wallet and not be completely wiped out.

]]> By: Clarendon http://www.ncnblog.com/2007/02/22/no-credit-cards-needed/#comment-1278 Clarendon Tue, 27 Feb 2007 01:17:16 +0000 http://www.ncnblog.com/2007/02/22/no-credit-cards-needed/#comment-1278 NCN, It seems that you know yourself well and you've made a commitment to stay credit-card free to keep yourself debt free. If that keeps you out of debt and feeling better about your financial situation, then godspeed. I would like to point out that smart use of credit cards can make you money. If you're smart and disciplined enough - which you clearly are - to stay out of debt, avoid fees, and pay off the balance each month, you can earn 2% or more return on the free monthly loan (grace period) from credit card companies as well as cash-back rewards programs. Of course the slimey credit card companies don't tell you this because they try to sucker you into fees and debt wherever possible, but if you spend a bit of time looking at your options and doing the math you'll see that buying EVERYTHING with a credit card and maximizing your return from it can be quite profitable. There is an article on the goldenstraw.org wiki on "HOWTO Pick the best credit card" that has the details on the best credit cards to use when you're debt-free as well as a list of some cash-back rewards programs. Of course the returns you can get vary based on how much you spend and whether your credit is good enough to get a good cash-reward card, but it is something to consider. Great blog! Keep spreadin' the good word! NCN,

It seems that you know yourself well and you’ve made a commitment to stay credit-card free to keep yourself debt free. If that keeps you out of debt and feeling better about your financial situation, then godspeed.

I would like to point out that smart use of credit cards can make you money. If you’re smart and disciplined enough - which you clearly are - to stay out of debt, avoid fees, and pay off the balance each month, you can earn 2% or more return on the free monthly loan (grace period) from credit card companies as well as cash-back rewards programs. Of course the slimey credit card companies don’t tell you this because they try to sucker you into fees and debt wherever possible, but if you spend a bit of time looking at your options and doing the math you’ll see that buying EVERYTHING with a credit card and maximizing your return from it can be quite profitable.

There is an article on the goldenstraw.org wiki on “HOWTO Pick the best credit card” that has the details on the best credit cards to use when you’re debt-free as well as a list of some cash-back rewards programs. Of course the returns you can get vary based on how much you spend and whether your credit is good enough to get a good cash-reward card, but it is something to consider.

Great blog! Keep spreadin’ the good word!

]]> By: Tim R http://www.ncnblog.com/2007/02/22/no-credit-cards-needed/#comment-1214 Tim R Sun, 25 Feb 2007 02:56:35 +0000 http://www.ncnblog.com/2007/02/22/no-credit-cards-needed/#comment-1214 make sure you do your homework, before you get or work with credit. make sure you do your homework, before you get or work with credit.

]]> By: Money Articles For The Week Ending February 23, 2007 » Silicon Valley Blog About Money http://www.ncnblog.com/2007/02/22/no-credit-cards-needed/#comment-1180 Money Articles For The Week Ending February 23, 2007 » Silicon Valley Blog About Money Sat, 24 Feb 2007 15:17:46 +0000 http://www.ncnblog.com/2007/02/22/no-credit-cards-needed/#comment-1180 [...] @ No Credit Needed talks about how he goes about his days with No Credit Cards Needed. It’s a nice peek into someone’s money habits and seeing how he manages without credit [...] [...] @ No Credit Needed talks about how he goes about his days with No Credit Cards Needed. It’s a nice peek into someone’s money habits and seeing how he manages without credit [...]

]]> By: Quang http://www.ncnblog.com/2007/02/22/no-credit-cards-needed/#comment-1166 Quang Sat, 24 Feb 2007 08:43:27 +0000 http://www.ncnblog.com/2007/02/22/no-credit-cards-needed/#comment-1166 Credit Cards Sucks... but don't you need the credit? Or having credit will come in handy when you want to buy a house etc? lol The phone places makes you pay a deposit if you don't have sufficient credit... no credit, is the same as bad credit, and that's bad in general. Although I hear of business people getting rich without having much personal credit.... Credit Cards Sucks… but don’t you need the credit? Or having credit will come in handy when you want to buy a house etc? lol The phone places makes you pay a deposit if you don’t have sufficient credit… no credit, is the same as bad credit, and that’s bad in general. Although I hear of business people getting rich without having much personal credit….

]]> By: db http://www.ncnblog.com/2007/02/22/no-credit-cards-needed/#comment-1144 db Fri, 23 Feb 2007 21:56:03 +0000 http://www.ncnblog.com/2007/02/22/no-credit-cards-needed/#comment-1144 If you need a credit card, one option you don't hear discussed very much is to get a pre-loaded credit card. If you need a credit card, one option you don’t hear discussed very much is to get a pre-loaded credit card.

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