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July 20, 2020

Is it OK to never have a credit card?

  • There are other ways to establish credit that don't involve a credit card.
    • By SARA RATHNER
    NerdWallet

    iStock image
    Some people regard credit cards with skepticism: 17% of U.S. adults don’t have one, according to a 2019 Federal Reserve report.

    Thanks to quick online applications and, in some cases, instant approval, credit cards make it as easy to build your credit history as it is to make purchases. But they can also make it easy to fall into debt if you struggle to pay on time or tend to spend more than you have.


     
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