Is there any problem in life with having a debit card only, not a credit card?

I am 20 years old, and am happy with my debit card.


Is there a reason i should get a credit card ever?|||I am twice your age and have NEVER had one....I figure if I can't afford it now, then I probably don't need it.....so I have no use for a credit card! To many people get in debt because they charge, charge charge....then can't make the payments! Good Luck! Is GREAT TO BE DEBT FREE!|||The advantage that credit cards have over debit cards is that if you question a charge, you can dispute it with your credit card company. If you use a debit card, the money comes out of your account immediately.





I use my debit card for most purchases like groceries, dry cleaning, etc. For product purchases or travel, though, I use a credit card and pay off the balance each month. That's key. I say you need one of each. Just understand how to use each of them responsibly.|||nope, if you dont feel like paying 20% interest on all of your purchases then don't get one. some would argue that having one just incase of emergency might be a good idea but that only works if you don't use it at all unless you are on the side of the road with your car dead and you dont have enough money for a tow truck or something of that magnitude.|||Yes, there are certain transactions where you often need a credit card. Rental car agencies usually demand a credit card and refuse a debit card -- and even if you can find one to take debit, they'll put some ridiculous hold on the card. Also you might have problems with hotels, and gas stations sometimes put a hold on the debt if $50 or so (hold lasts maybe a week).





But you also want to establish credit for your credit history. Lenders are not interested in someone with zero debt ... they want someone who has proved they can manage debt. There is a difference.





Someday you'll need credit to buy a house or car or pay for medical bills or something. If you have no credit history, then at the time you need a loan is too late to start. Starting your credit history as early as possible is good -- as long as you can responsibly manage debt|||I would not get a credit card unless you have to. The only good thing about credit cards is it can help to build your credit, but they can get you in trouble if u dont monitor your spending and the really high interest rates creditors can charge you. I have an american express gold card that has 0% interest, but the balance has to be paid in full at the end of each month. So thats a good option that will save you money, and build your credit at the same time!|||That depends, it can be difficult to do certain things without a credit card (such as rent a car) and you do not have the safety net if you have to dispute a transaction.





Credit cards are not evil, it just requires using them responsibly. Chances are you will need credit for major purchases such as a car or a house. Having a "thin" file (that means not much credit history) can get you denied credit or increase your interest rate by quite a bit.|||The reality is that you need to establish a credit history - bank accounts, apartment rentals, employment checks, all of these look at it noewadays. Someday you may want a mortgage loan. With no credit history, you won't get one.|||The only reason I can think of to have a credit card, is to build credit. I assume someday you will want to buy a car or house and very possibly not have the whole amount of the purchase up front in which case you will need a good credit score to not get ripped off.





Oh so many years ago when I first needed a credit card, I went to Target, opened an account, (easier to get than MC or VISA with no credit) bought a DVD player (expensive back then). I kept it in the box, waited a month or so and then went and returned it. There is no difference on your credit report for paid in full with cash or by returning merchandise. I did that kind of thing a few times and eventually started building my credit.





Just be smart with your credit card if you do decide to get one.|||i did i found trouble paying for things online ,like car hire abroad ,so i use a credit card but i pay it off straight away so not to incur any intrest.you will find out for yourself as you pay for things wiether or not you need one,|||In many ways you are better off than those who use their credit cards and don't pay the bill off at the end of the month. Your costs for services are usually lower. SO keep your money and plan for your retirement. Buy only what you can afford and get used cars and not new etc. pay off mortgage early and keep investing in good things that pay you rather than speculating on it going up more (being paid is better).





Good thing you're being grounded, maybe a great future ahead.|||I'm going to be 28 yrs old and I have been doing perfectly fine without a credit card. i have everything you can think of as in graduated from college (all my loans paid in cash from working by the time I graduated) house, car etc. and I never needed a credit card so if you want to stay debt free and don't want to claim bankruptcy in the future stay away from credit cards...as long as you pay all your bills on time you will be perfectly fine...