Most people wonder if it’s a good idea to just cut up their credit cards or not. If you’re struggling with debt, should you just remove all possibilities of accumulating more? Some say most definitely while others preach of course not. But what’s the right answer? Unfortunately like most cases the answer is simply: it depends.

What is your situation?

Credit cards help to build credit if used properly. They are also a great source of points or bonuses if you’re just using them in place of debit and then paying it off. That being said, some people aren’t disciplined to not use them and they are better off without them. There are after all better ways to build credit, such as a basic loan or even a line of credit as it would have a much lower interest rate!