Using credit cards is not bad. Neither is cash. The only major problem you’ll get with either of the two is when you get yourself in huge debts because of atrocious spending habit.

Pros of Credit Cards:

• It is certainly more secure to carry a single card than a thick wad of cash, especially if you are making a big purchase.
• You can pay by installment.
• If you’re credit card is stolen, you can always call customer service for help so you won’t be responsible for charges incurred after the theft.
• You can build a credit history using credit cards for larger loans later on.
• Credit card companies offer incentives such as cash rewards to airline miles and even gift certificates.

Pros of Cash:

• You are more in control of your finances because you can only spend what you have.
• You get automatic ownership of the stuff you paid for.
• You pay only the amount that is due. There is no other fee for  interest.
• (Potentially) You’ll be debt-free.
• You can buy items from smaller boutiques, farmer’s market and other shops.