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Establishing credit with no credit or credit card?

Question by Alan: Establishing credit with no credit or credit card?
How would I go about establishing credit with no credit or credit card? I am 21 with no credit or credit card, just a checking/savings account with a debit card. And thats all I want for the rest of my life. I dont spend money unless I have it so I’m not looking into getting a credit card and dealing with all the mess(signing up, extra cards in my wallet, charges, etc). So how can I?
I dont think i can even have my own verizon cellphone plan with no credit unless I put down a huge deposit.

Any help or tips are nice!
Thanks

Best answer:

Answer by Toni
Credit cards are free to use.
If you pay the bill in full each month, you never pay interest and can easily get amazing scores without ever paying a penny.
Any other way of establishing credit will cost you money.

If you get an answer to get a secured card – remember that this card turns into a credit card.
So if you don’t like credit cards – don’t do it.

Secured loan – best way – but will cost you (vs. a free credit card).
With this loan you deposit $ 1,500 to $ 3,000 into a savings or cd and you make a secured loan against it.
Tell the bank what you are doing upfront, and spend at least one year paying back.

Re-consider getting a credit card.
It’s a 100% free way to get top credit ratings without ever paying a penny.
Just make sure you can pay in full each month.
If you ever carry a balance and pay interest it can easily destroy your credit and your life.
47% of Americans pay in full each month (never paying interest or any type of fee).
They have the top scores – could you be one of them???

Know better? Leave your own answer in the comments!

Ohio man sentenced in credit card fraud scheme

Ohio man sentenced in credit card fraud scheme
A search of the vehicle revealed 158 fraudulent credit cards, a laptop computer and a credit card encoder. The credit cards contained various names and account numbers and had been used in multiple fraudulent purchases throughout the country.
Read more on KYTX

It may sound like a good idea, but canceling credit cards can harm your credit
The reason why I cancel a credit card roughly once a year is, I tend to sign up for credit cards that offer large incentives to new customers, and then after a year when an annual fee pops up, I cancel them. To avoid harming my credit score, I won't …
Read more on Charleston Post Courier

General Electric spins off credit card unit in IPO
Synchrony Financial, the credit card unit of General Electric, made its debut Thursday as a public company, raising $ 2.9 billion in the year's largest initial public offering. The offering brings GE a step closer to reducing its footprint in financial …
Read more on Washington Post

The 'cash back' you get from your credit card comes from the guy behind you in

The 'cash back' you get from your credit card comes from the guy behind you in
This didn't catch on, in part because credit card purchasers disliked it so much and could take their business elsewhere. Instances in which consumers recoil from offers that strike them as unfair are more common than you might think. Even marketing …
Read more on Business Insider

Police ask public to ID pair who stole credit card
Surveillance photographs have captured the images of two suspects believed to be responsible for the use of stolen credit cards. Anyone with information is asked to contact Crime Stoppers at 436-STOP (436-7867). FORT WAYNE, Ind. (WANE) Fort Wayne …
Read more on WANE

Lansing-area murder victim's credit cards used twice in Ypsilanti area
Police say they have arrested two suspects who apparently used a murder victim's credit card in Ypsilanti. The two men who were seen in an Ypsilanti party store last week Thursday using a credit card belonging to a Jeffrey Kebler, who was found dead 10 …
Read more on WDIV Detroit

POLICE LOG: Lower Gwynedd Police investigating theft of credit cards

POLICE LOG: Lower Gwynedd Police investigating theft of credit cards
Police said the female then entered the an office and stole a purse containing numerous credit cards. The cards were immediately used at Macy's Department Store in Montgomery Township, Target in Montgomery Township, a Shell Gas Station, and Rite Aid …
Read more on The Reporter

Bloomington treasurer faces credit card questions
BLOOMINGTON, Ind. – Southern Indiana prosecutors are seeking a special prosecutor to investigate allegations that the county's treasurer made questionable credit card charges during trips to Indianapolis. Monroe County Chief Deputy Prosecutor Bob …
Read more on Indianapolis Star

'Credit card deals for those with good credit could get worse'
Credit card offers could become less attractive for responsible borrowers following the announcement of a review by the financial watchdog into Britain's £150bn credit card market. The Financial Conduct Authority (FCA) will assess if struggling …
Read more on Telegraph.co.uk

Lastest Credit Cards News

5 Best Low-Interest Credit Cards
Many credit union credit cards are just "white label" products operated by major banks through partnership agreements, offering the same features — and similar interest rates to their better-known counterparts. As one of the largest and fastest …
Read more on Motley Fool

Citing spending during Bell's term, Collins says 'no more credit cards' for
Mayor D. Michael Collins took a long look at the credit card purchases made by his predecessor and two other top Toledo officials the past two years, and he came to a swift decision. “No more credit cards,” the mayor said, explaining why neither he nor …
Read more on Toledo Blade

Bank of America near credit card deal with US regulator
WASHINGTON (Reuters) – Bank of America Corp is close to settling with a U.S. consumer regulator over the sale of services sold as add-ons to credit cards, sources familiar with the talks said. The second-largest U.S. bank said in an August securities …
Read more on Reuters

Lastest Credit Cards News

6 Credit Cards With No Balance Transfer Fees
They hate them so much that, when they need a new credit card, many consumers flock to cards with no fees or credit cards that offer simple and easy-to-understand fee structures (we highlight a few of those simple credit cards in the Best Credit Cards …
Read more on Credit.com News (blog)

Cloned credit cards scheme in Aiken County under investigation
Several law enforcement agencies are investigating a cloned credit cards scheme that has been ongoing in this region since early May. According to investigators, there has been a “prolific use of cloned credit cards” by several suspects in coordination …
Read more on Aiken Standard

New chip credit cards putting squeeze on small businesses
The cards being rolled out by banks and credit card companies are aimed at reducing fraud from counterfeit cards. As chip cards are phased in, magnetic stripe cards, which are easier for thieves to copy, will be phased out. Businesses of all sizes face …
Read more on Minneapolis Star Tribune

Credit card breaches keep coming

Credit card breaches keep coming
Now, The Houstonian Hotel, Club & Spa has become the second major local business to announce this year that it, too, has been the victim of a "malicious software attack" that exposed the credit or debit card data of at least 10,000 customers. With …
Read more on Houston Chronicle

Newly-Launched Trucoin Allows Consumers to Buy Bitcoin With Credit Cards
Think about a list of complaints people have when it comes to bitcoin. Surely, one of the items on the list is the inability to acquire the digital currency easily. Having to deal with banks, long transfer times, and other obstacles, it can be a hassle …
Read more on newsBTC

Montgomery County launches broad review of credit card purchses
Montgomery County's inspector general is looking into how well the county controls credit card charges by its agencies and employees. Inspector General Edward L. Blansitt III said the review will encompass the county government, the Maryland-National …
Read more on Gazette.Net: Maryland Community News Online

Police: Banks Lost Over $9000 To Credit Card Skimming Operation On Long

Police: Banks Lost Over 00 To Credit Card Skimming Operation On Long
GARDEN CITY, N.Y. (CBSNewYork) — Two men were charged Thursday with using a skimming device to capture credit numbers and create fraudulent cards – resulting in losses of $ 9,000 to multiple banks. Kenneth Osias, 30, of Brentwood, and Otis Barnes, …
Read more on CBS Local

5 Most Important Things To Consider When Picking A Credit Card
If you are interested in obtaining a new credit card, then you need to think about a few of the critical factors that should go into that decision. Applying for a new credit card should not be a decision made lightly, and there are credit cards …
Read more on LowCards.com

Lastest Credit Cards News

MasterCard and Wal-Mart Partner On Store Branded Credit Cards
After almost a decade of partnership with Discover, Wal-Mart and its subsidiary property Sam's Club have elected to enter into an agreement to make MasterCard their go-to payments network for handling all transactions on its store-branded credit cards.
Read more on PYMNTS.com

PayStand Launches Online Payment Service For Bitcoin, Credit Cards And E
Customers, meanwhile, will get informed of the costs associated with each transaction method, ranging from 2.9 percent for a credit card purchase, 25 cents for online check, and no charge for making a bitcoin-based payment. If merchants receive their …
Read more on TechCrunch

Couple on the run wanted for sophisticated fraud scheme
HOUSTON (KTRK) — Harris County Sheriff's Office investigators are hoping the public can lead them to a couple wanted for a sophisticated credit card fraud enterprise involving over 100 known victims.
Read more on abc13.com

apply for credit card?

Question by caelie a: apply for credit card?
I want to apply for a credit card but I don’t know about credit card companies which provides best credit card.

Best answer:

Answer by Abby_Normal
It depends on your credit.

Add your own answer in the comments!