In today’s society, it might be a little unusual to not carry a credit card. However, do we really need credit cards or can we get along without them?
No credit card debt –
Having large credit limits is tempting to spend more than you can afford to pay off.
Better purchasing decisions –
Credit card users can based on wants but when using debit or cash, buyers often purchase out of necessity.
Having less threat of theft –
Paying out of pocket is more secure than putting your credit number online and keeping your card safe from scammers.
Travel hassles –
Many travel accommodations and services require that you have a credit card to book a reservation.
Credit history –
Credit card use is a major factor in many people’s credit reports.
Emergency funds –
Having a credit card tucked away can give you a sense of security. Protection from fraud – While both credit and debit cards generally come with limited liability however, a credit card has extra security.
Have you considered living without a credit card? Leave us a comment below or on Facebook (click here)!