The only ones who were advocating the necessity of it seemed to be the companies and banks.

Out of every 10 families with it, 8 had credit card debts. However, the nagging question is if it were really all that unnecessary and evil, why do so many millions of people sign up. It is no wonder that there was such a resounding negative answer to the necessity of credit cards. Do we really need credit cards. In 2007, about 73% of American families had it.

That is almost a whopping 180 million people into debt.

Scores of people all over the world are swearing to cut up their financial card once they clear their credit card debts and advising anyone they see to never fall into the trap of signing up for that. They even go far enough to proclaim that credit cards are evil and a vice. I have taken an objective stand and drawn from my personal experience to provide you with a non-biased and an informative answer. Do We Really Need Credit Cards.

Surfing the internet and interviewing my friends and family for an answer to this question, I came across a multitude of replies which generally moved towards the direction of a resounding NO.