Originally Posted by
KC10 FATboy
I think I have read probably some of the dumbest things ever in response to your question.
LISTEN UP PEOPLE
You DON'T need a credit card.
4. "If you have a credit card, you get rewards". Credit card companies are in the business of making money. And because a lot of people can't pay their bills on time, and the fees associated just owning a credit card, they can afford to give cheap rewards in order to keep you slaved to them. If you are the type to pay your account on time each month, you can do this if you have a no fees credit card ... which is increasingly becoming rare to find.
+1. Exactly - credit card companies make money...they charge merchants a percentage of each purchase and they charge the consumer. The credit industry is seriously shady also... I wish they had a tin-foil-hat-similie... But it's not hard to not have a credit card... Even with having an on time payment history with a credit card you can still get the shaft by lenders for bigger purchases.