Re: What are the advantages/disadvantages of not owning a credit card?
Advantages of Credit Cards
1. Safer than cash or debit cards
2. 30-day float
3. Rewards
4. Builds credit history
5. Source of emergency funds
6. Additional features: pricematch, rental insurance, etc.
Disadvantages of Credit Cards
1. Easily abused/Can incur fees and interest charges if not disciplined
2. Makes budgeting harder because you don't see the money leaving
3. Some cards come with annual fees
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