Can I live without a credit card? This question is about Do I Need a Credit Card?

Can I live without a credit card?

This question is about Do I Need a Credit Card?

Maria Adams, Credit Cards Moderator

@m_adams • 08/04/22 This answer was first published on 08/04/22. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Yes, you can live without a credit card. However, you should consider getting one. The pros of credit cards range from convenience and credit building to 0% financing, rewards and cheap currency conversion.

You don’t even need to make any purchases with a credit card to benefit, as simply keeping an open credit card account in good standing is enough to build credit. In addition, you need a credit card if you want to have the best protection against fraud and theft.

What happens if I don't use my credit card for a month?

Nothing much happens if you don’t use your credit card for a month. You’ll just need to keep up to date with your monthly payment if you have an existing balance. But your credit card issuer isn’t going to close your account for less than three months of inactivity. And on top of that, you’ll still receive a monthly statement if you don’t make any purchases, but there won’t be anything new to pay off.

Interest will still accrue...

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