If you don't plan to borrow money, what difference does your credit score make? Why even sweat it?
As counterintuitive as it seems, you could end up spending more money because you don't have a credit history. (Though like any other tool, credit used irresponsibly can do more harm than good.) But let's say you're a responsible person who wants to avoid debt. Why isn't it reasonable to avoid credit altogether?
There are several answers to that. Read on to see how not having a credit card can hurt you.