1. Having a credit card is a necessary evil – the stress being on evil. Like you had said it is necessary in case of emergencies and things you can pay only through credit card (online purchases and large ticket purchases). But the discipline – of paying it on time – cannot be maintained all the time. They charge a abnormal interest rate, late fees, etc. I would anyday go with the debit card and a paypal account for online buying. And there are credit cards which charge you annual fees…cannot believe the greediness!

  2. The best way of using a credit card is to pay all your utility bills & get a cash back of 1.5-2.0%. Pay the dues 3-5 days before the due date.

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