5 Reasons Why Life Is Worse Without Credit Cards

The Motley Fool: Dave Ramsey Says Life Is Better Without Credit Cards but Here Are 5 Reasons Why It’s Actually Worse

Finance expert Dave Ramsey does not believe you should have any credit cards. In fact, he has said, “Plain and simple: Life is better without credit cards,” and advised that his recommended number of cards is zero. Unfortunately, Ramsey is unequivocally wrong on this. Life is not better without credit cards. It is demonstrably worse for five very important reasons. You won’t earn rewards for everyday purchases. It will be harder to build credit. You’ll miss out on valuable cardholder benefits. You could end up facing more financial loss due to theft. It will be much harder to rent a car or book a hotel. [The Motley Fool]