Is it possible to go through life with only credit card?

Question

What are the benefits or negatives of having one credit card?

Answer 1

that you can get in debt if you dont pay them and they help you get credit and you have money if you really in need of it  

Answer 2

yes.. well its easy to keep track of your bills, and easy to see if someone is using it that's not you..

Answer 3

I've only ever had 1 credit card at a time and I don't find it difficult at all. Why would I need more than one? Credit is not money, it's just a method of payment.

Answer 4

If you were smart you would cut it up and trash it!!!!  

Answer 5

You don't have to carry around cash...but sometimes they give you some protection fees that cost you more money than anything you bought!!!!

Answer 6

Credit cards are convenient and build your credit history. Eventually you will need your credit history to by a house or something else.

Answer 7

for me it's not

Answer 8

As long as you keep the balance at a reasonable rate, I don't see why it would be a BAD thing.

Money is money is money and what matters is how you spend it and how you save it.

If you pay off your bill every month, the interest rates won't add up and you will always be able to track everything you do... And add up those "Points" that you can trade for stuff, trips, or cash...

I don't see WHY you would want to live like that but as long as you are a responsible person, it wouldn't be a "Bad" thing.

Answer 9

You don't need a credit card period.

Credit card are just a crutch!  A crutch that will just get you into debt.

Debt free is the way to be!