Questions about getting rid of all credit cards

Once again, I have charged my credit card up to the limit (luckily I have a low limit on the card). I have decided that I no longer want to have ANY credit cards. They have caused me nothing but trouble. I have been in and out (mostly in) credit card debt for 25 years. It is exhausting

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  1. #1
    bodymindspirit7
    Guest

    Default Questions about getting rid of all credit cards

    Once again, I have charged my credit card up to the limit (luckily I

    have a low limit on the card). I have decided that I no longer want to

    have ANY credit cards. They have caused me nothing but trouble. I

    have been in and out (mostly in) credit card debt for 25 years. It is

    exhausting and there is no way I can live the rest of my life (probably

    at least 40 years) like this. I would like to just use a debit card

    instead and just not have any credit cards. Do you all have credit

    cards?



    I am really afraid of having problems renting a car. I go on a few

    trips each year, sometimes alone, and sometimes the rental car

    companies require a credit card and will not accept a debit card. Is

    there a way to get around this? What do you all do? What about pre-

    paid credit cards? Do rental car companies take them?



    Other than the rental car problem, is there any other reason why I MUST

    have a credit card? Can a person really get by with just a debit card

    and maybe a pre-paid VISA? I just want to get out of this hell.



    Your help will be greatly appreciated.








  2. #2
    Karen Sudduth
    Guest

    Default Questions about getting rid of all credit cards




    We used to be in pretty big debt (back in the early 1990s). Well, big debt for the 1990s....

    It took us 7 years to pay of our debt. We built up a small savings and we began not spending more than we were making.

    Our small savings (which we worked up to 10% of our income) turned into our "rainy day" account. We used it every time a major appliance went out. Which, concidently, was every single one of them over about a 4 year period. Ugh!

    Then, we started writing checks and not dealing with any cash. We did this so that Quicken could help us track our spending & make those custom budget reports.

    Since our checking account does not give us interest, we kept our money in the savings account and transferred every 3-5 days or so to cover our checks. (This was also back when checks weren't instantaneously removed from our account). Then, we moved to debit cards. We loved that!

    During this time, we were still able to spend only what we could "afford" using the plastic.

    After about 6 months of using a debit card and transferring every 3 days to cover it....we moved back to credit cards.

    Now we use credit cards and pay them off each month.


    I think we can safely use credit cards because of those 7 years of living 'way under our means while paying off our debt. And now we are using ones that pay us back cash! Free money for us!



    We would never buy anything we didn't have the money for - ever again!



    ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
    ~Karen
    ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
    Midlife crisis is that moment when you realize
    your children and your clothes are about the same age. --Bill Tammeus
    ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
    [quote]




    Once again, I have charged my credit card up to the limit (luckily I
    have a low limit on the card). I have decided that I no longer want to
    have ANY credit cards. They have caused me nothing but trouble. I
    have been in and out (mostly in) credit card debt for 25 years. It is
    exhausting and there is no way I can live the rest of my life (probably
    at least 40 years) like this. I would like to just use a debit card
    instead and just not have any credit cards. Do you all have credit
    cards?

    I am really afraid of having problems renting a car. I go on a few
    trips each year, sometimes alone, and sometimes the rental car
    companies require a credit card and will not accept a debit card. Is
    there a way to get around this? What do you all do? What about pre-
    paid credit cards? Do rental car companies take them?

    Other than the rental car problem, is there any other reason why I MUST
    have a credit card? Can a person really get by with just a debit card
    and maybe a pre-paid VISA? I just want to get out of this hell.

    Your help will be greatly appreciated.





  3. #3
    neekotigger
    Guest

    Default Questions about getting rid of all credit cards


    I don't post much BUT I think I can shed a little light on this - I have no credit cards (I feel like I'm in an AA meeting LOL) I have 2 debit/credit cards - can be used as both - but I can only charge what I have in either account. I don't have any debt - both my cars are paid off, I rent a house (I know not the best but in this economy renting is my only way right now) I have recurring bills (utilities, cable, cell phone)

    I have had zero problems - with renting cars, I use the credit portion of my debit/credit card - I've never had a problem - on one card I get cash back for using credit instead of debit

    I have to go meet family, so if you want to know more on how I am able to save 3 times more than what I was able to before my credit woes, and how I can afford pretty much anything I can help

    [quote]
    ----- Original Message -----
    From: bodymindspirit7
    To: Budget101_@yahoogroups.com
    Sent: Sunday, July 06, 2008 12:55 AM
    Subject: Budget101.com : Questions about getting rid of all credit cards





    Once again, I have charged my credit card up to the limit (luckily I
    have a low limit on the card). I have decided that I no longer want to
    have ANY credit cards. They have caused me nothing but trouble. I
    have been in and out (mostly in) credit card debt for 25 years. It is
    exhausting and there is no way I can live the rest of my life (probably
    at least 40 years) like this. I would like to just use a debit card
    instead and just not have any credit cards. Do you all have credit
    cards?

    I am really afraid of having problems renting a car. I go on a few
    trips each year, sometimes alone, and sometimes the rental car
    companies require a credit card and will not accept a debit card. Is
    there a way to get around this? What do you all do? What about pre-
    paid credit cards? Do rental car companies take them?

    Other than the rental car problem, is there any other reason why I MUST
    have a credit card? Can a person really get by with just a debit card
    and maybe a pre-paid VISA? I just want to get out of this hell.

    Your help will be greatly appreciated.





  4. #4
    Jessica Mason
    Guest

    Default Questions about getting rid of all credit cards





    <DIV style="FONT-FAMILY: Calibri;">I just turned 34 and I have never had a credit card in my life. I travel a lot for business (andam reimbursed monthly by the company I work for-therefore I have to use mu personal "card"). I rent cars at least once a month for the last 5-6 years and have never been questioned with my personal debit card. I have one with a MC logo and one with a Visa logo and have never had an issue with either one. I never remember my PIN # so I always have stores run it as "credit". I use different rental car places, not the same one and they have never asked me.
    <DIV style="FONT-FAMILY: Calibri;">

    -------Original Message-------


    From: bodymindspirit7
    Date: 7/6/2008 12:44:03 PM
    To: Budget101_@yahoogroups.com
    Subject: Budget101.com : Questions about getting rid of all credit cards




    Once again, I have charged my credit card up to the limit (luckily I
    have a low limit on the card). I have decided that I no longer want to
    have ANY credit cards. They have caused me nothing but trouble. I
    have been in and out (mostly in) credit card debt for 25 years. It is
    exhausting and there is no way I can live the rest of my life (probably
    at least 40 years) like this. I would like to just use a debit card
    instead and just not have any credit cards. Do you all have credit
    cards?

    I am really afraid of having problems renting a car. I go on a few
    trips each year, sometimes alone, and sometimes the rental car
    companies require a credit card and will not accept a debit card. Is
    there a way to get around this? What do you all do? What about pre-
    paid credit cards? Do rental car companies take them?

    Other than the rental car problem, is there any other reason why I MUST
    have a credit card? Can a person really get by with just a debit card
    and maybe a pre-paid VISA? I just want to get out of this hell.


    Your help will be greatly appreciated.












  5. #5
    Sally Vanwinkle
    Guest

    Default Questions about getting rid of all credit cards

    It sound like you should sign up for the Dave Ramsey group,they give great advice on finances.We use to rent cars all the time before we had a credit card.We always use Thrifty Rental they had great deals and they were the only ones that accepted a debit card. I believe Budget is also part of Thrifty but not sure.The only thing is since it was debit card you had to sign an agreement having enough funds and they took a deposit of $150 but they usually would deposit it right back after 12-24hrs. so it wasn't a big deal.This all might have changed, the last time we rented a car was in 2006 so I would check with them first and call around.I understand what your facing, I only have one cc and it's paid in
    full,thank God for the 2007 Rebate checks.

    Sally

    ----- Original Message ----
    From: bodymindspirit7 <bodymindspirit7@yahoo.com>
    To: Budget101_@yahoogroups.com
    Sent: Sunday, July 6, 2008 1:55:36 AM
    Subject: Budget101.com : Questions about getting rid of all credit cards



    Once again, I have charged my credit card up to the limit (luckily I

    have a low limit on the card). I have decided that I no longer want to

    have ANY credit cards. They have caused me nothing but trouble. I

    have been in and out (mostly in) credit card debt for 25 years. It is

    exhausting and there is no way I can live the rest of my life (probably

    at least 40 years) like this. I would like to just use a debit card

    instead and just not have any credit cards. Do you all have credit

    cards?


    I am really afraid of having problems renting a car. I go on a few

    trips each year, sometimes alone, and sometimes the rental car

    companies require a credit card and will not accept a debit card. Is

    there a way to get around this? What do you all do? What about pre-

    paid credit cards? Do rental car companies take them?


    Other than the rental car problem, is there any other reason why I MUST

    have a credit card? Can a person really get by with just a debit card

    and maybe a pre-paid VISA? I just want to get out of this hell.


    Your help will be greatly appreciated.






  6. #6
    Ann Garner
    Guest

    Default Questions about getting rid of all credit cards



    >

    >Other than the rental car problem, is there any other reason why I MUST

    >have a credit card? Can a person really get by with just a debit card

    >and maybe a pre-paid VISA? I just want to get out of this hell.

    If you can not tell yourself no, there are a few things you can do to

    keep your credit card and not be able to easily use it. For one

    thing, **don't carry it with you** unless you are on that trip where

    you need to rent the car. If you need a little self-control help,

    take a container, put water in it about half full, place the card on

    top of the water, and freeze. Fill this the rest of the way with

    water and freeze that. When you need the card, you will have to take

    out the container and let it thaw on the counter or in the

    sink. You can not use an ice pick, boil, or microwave to melt the

    ice--those processes will damage the card. The trick I use is that

    I have mine in a little plastic sleeve with "New House" written on it

    in sharpie pen. That reminder is more than enough to keep me from

    using that card unless I *really* need it, such as when the car lost

    it's serpentine belt last summer.



    Ann in Arkansas










  7. #7
    Rustey
    Guest

    Default Questions about getting rid of all credit cards

    Wow, I never heard of these ideas. Ann in Arkansas is a smart cookie. I'd

    love to see a few of my friends use these ideas to restrain from using

    credit cards!

    ~ Rustey



    -----Original Message-----

    From: Budget101_@yahoogroups.com [mailto:Budget101_@yahoogroups.com] On

    Behalf Of Ann Garner

    Sent: Sunday, July 06, 2008 6:36 PM

    To: Budget101_@yahoogroups.com

    Subject: Re: Budget101.com : Questions about getting rid of all credit cards





    >

    >Other than the rental car problem, is there any other reason why I MUST

    >have a credit card? Can a person really get by with just a debit card

    >and maybe a pre-paid VISA? I just want to get out of this hell.

    If you can not tell yourself no, there are a few things you can do to

    keep your credit card and not be able to easily use it. For one

    thing, **don't carry it with you** unless you are on that trip where

    you need to rent the car. If you need a little self-control help,

    take a container, put water in it about half full, place the card on

    top of the water, and freeze. Fill this the rest of the way with

    water and freeze that. When you need the card, you will have to take

    out the container and let it thaw on the counter or in the

    sink. You can not use an ice pick, boil, or microwave to melt the

    ice--those processes will damage the card. The trick I use is that

    I have mine in a little plastic sleeve with "New House" written on it

    in sharpie pen. That reminder is more than enough to keep me from

    using that card unless I *really* need it, such as when the car lost

    it's serpentine belt last summer.



    Ann in Arkansas







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  8. #8
    Herlean
    Guest

    Default Questions about getting rid of all credit cards

    You can get though without a credit card. Except for reserving hotel rooms and

    cars, you should be fine. I say except for those two instances, because most

    places will reserve EXTRA ($100- $300) usually over the actual price of the room

    or car rental "just in case". If they do that to your debit card (checking

    account), those funds are not usable by you until the freeze is lifted and your

    checks that are out there will bounce, and you will incur fees.



    We are at the point where we plan out how much money we need to use for the pay

    period and take it out in cash. We get it, spend it and then stop spending.

    This includes buying gas, groceries, etc.



    If we need larger amounts, say to pay a bill, like the electric bill and don't

    want to carry that large amount of money on us, we get a bank check (they don't

    bounce) OR we pay the bill electronically (also, will not go through if the

    funds are not available = no fees incurred). Those d*mned fees are about $35-50

    for each instance). Bank checks - the first 2 or 3 are totally free each month;

    the rest are $2 each. Much less expensive than "automatic overdraft" rip-off

    protection (charge me $35 to save me the embarrassing situation of being denied

    a purchase) - YEAH RIGHT!!!!!!!!!!



    Do without the credit cards. Do without the debit cards. There are ways. I

    refuse to take money into the street and burn it (pay bank fees).



    All the best,



    Herlean



    "Opportunity may knock once on your door. Temptation leans against the

    doorbell." - Unknown

    "Never believe you don't have what it takes."








 

 
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