If you don't abuse your credit card, they are great to have. For myself, I have 21 days to pay off what I spent, without paying any interest. 0% interest for 21 days. That's a good deal. That's like getting a payday loan interest free with additional time to pay it back. And if I don't pay it all back, the monthly minimum payment is super low. People like to say "you can't pay it off by making the minimum monthly payment". Well, what I do is this.. If you know you can't afford to make the full payment, make the minimum payment until you can afford to pay back in full. That gives you time to save up. Set some money aside and then make the full payment taking you out of debt the moment that you are able to. Really, if it took 4 months to gather up the money to pay off the credit card, how much would you have paid by making minimum payments? Not very much. Use your brain and your credit cards can be a good thing. If you are ever in an emergency, it is good to have them. Don't abuse them.