Benefits of having no credit history
Advertising Disclosure is an independent, advertising-supported web site. receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. has not reviewed all available credit card offers in the marketplace.
Credit Card Applications » Research » Guides » Building Credit History » Benefits of having no credit history

Benefits of having no credit history

Add to Favorites:

There are a lot of things discussed about having credit history is great for an individual and how it opens up a plethora of new opportunities, rewards and rebate programs for the credit card customers. However, those who don`t have a good credit nor credit history need not be disheartened. There are some real benefits in having no credit history and will probably save you as much in the long run as the best credit cards will.

Unnecessary expenses are avoided

If you have no credit history, there is a great chance that you will not get a credit card, even if you apply for it. That means you are left out of some great promotional offers and discounts especially when there is holiday frenzy. The silver lining is that you would only buy what you need to buy, rather than spending money on every offer and being drawn to buy things you wouldn`t need to because of the discounts. By the end of the holiday season, your shopping would be without the savings that credit cards offer. But at the same time, you wouldn`t have purchased a single unnecessary item, ensuring that you have saved just as much as others. The good news is that you don`t have to pay the bills at the end of the month.

You don't have to be anxious about hidden fees

A lot of credit card customers go through a lot of moments of pain and stress. This could be when they see fraud transactions on their credit card monthly expenditure report, or a sudden notification about interest increasing on their cards. They don`t have to be upset on a weekend having realised that due to some credit card strategies and tricks, they will end up paying a hidden fees, which they were never really aware of. In short, they wouldn`t be worried about that lethal fine print regulation on your credit card, which the customer support executive knows about but you don`t.

Less chances of identity theft

Given the increasing cases of identity theft, not having a credit card or even loans due to no credit history proves to be a blessing in disguise. Your identity information is not lying unprotected in the database of any company and hence you are safe.

No extra money paid

If you have no credit history, you wouldn`t get a debt. It means you are paying for what you buy, but nothing extra in the form of late fees, interest, overdraft fees etc.

Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Related Research:

How to Get Free Wi-Fi in the Air

By Herbert Moore, Posted: September 28, 2016

Sometimes in-flight Wi-Fi is the bare necessity when you travel abroad or within the country. However not all airlines offer free in-flight Wi-Fi. There is only a couple of airlines that will allow you to use Wi-Fi ... Continue reading

Amazon Credit Cards Review

By Allison Martin, Posted: May 30, 2016

When was launched 20 years ago, few could have envisioned how far the company would come. What was once an online specialty bookstore is now an Internet juggernaut that sells nearly anything and has made major inroads into ... Continue reading

How Much Do Shell Cards Really Save on Gas?

By Allison Martin, Posted: April 20, 2016

There is an endless amount of gas cards on the market, and practically every major gas station, including Shell, has options to choose from. In fact, Shell offers two options for gas cards for consumers. Continue reading