Yes I am aware of what the point is. What I am telling you is that it's not necessary which is witnessed by other countries who have no problem not using credit history to give people credit.

The problem with people using the credit card lies as much in the incentive structure of getting points, building credit etc.

And it's obviously speaking against your claim that so many american have issues with their credit cards given that the very test your claim is necessary is failing on so many.

So no I understand the balance pretty well.