People Giving Up Credit Cards

Everyone seen the Money piece on people who no longer use credit cards? One interesting point -- one of the families is that of NCN from No Credit Needed.

Personally, I'm a big fan of using credit cards to earn cash back, but if using no credit cards works for these people, good for them!

Comments

[Todd]

I am with you, I a huge fan of cash back credit cards. I love my Amex Blue. The 5% back from grocery stores is great, especially when they sell gift cards for other places that I am going to go anyways.

I think it is all a matter of discipline. Giving up all credit cards when you are used to a lifestyle with instant gratification is hard but to keep a money making card, use it responsibly and pay it off each month is harder. Plus, when travelling, I don't like brining cash and I don't like using my check card for if it is stolen, though the money is usually replaced in 48 hours, the problems with having 0 in the account are great, especially if you have auto bill pay.

[the7thlover]

Even though you use credit cards and I and others have disagreed with you in the comments, you have still posted information contrary to your views for education. This shows that you care about your readers.

Thank you very much.

With respect
the7thlover