Originally Posted by Grogs
Just because you're using a credit card doesn't mean you're spending beyond your means. I pay mine off every month. I use the same credit card for almost all* my purchases so that I can see at a glance how much I spent each month.
*I decided a long time ago to always pay for alcoholic beverages in cash so there's no paper trail.
You are a minority I would bet. Many, many people do not know how to handle a credit card, are maxed out on credit cards, paying HUGE interest rate and are basically going one step forward and 2 steps back.
Our credit rating should not be based on our credit cards. I appreciate what Katie said above, but I maintain that if we all lived within our means, we wouldn't need credit cards and therefore our credit would not be based on credit cards. My parents never had a credit card in their lives and they had no difficulties purchasing a house or car or anything else they required. But they also didn't buy anything if they couldn't afford it. They made do with what they had until they saved the money to buy what they needed/wanted.
I do realize times have changed and that with the economy in the slump now, things are tough, but they went through the depression with no credit card and still managed.
Many people get a new credit card from one company to pay off the old card from another company - that's just crazy.