Definitely not true. Credit cards come with a lot of advantages as well as drawbacks. It totally depends on the way you use it. If you are a shop-alcoholic or someone who cannot control his urge to buy that latest phone or watch in the market then you should maintain your distance from credit card. But if you manage your finances well then credit cards can be an easy way to secure short term loans at zero interest rates. Credit cards also have other benefits such as reward points and they are fraud free. I know of cases where people use their credit cards actively and then use the points to get international airline tickets for free. Also, the liability in case of fraud is zero if you report any instance of fraud within 3 days of incident. So, credit cards can also be good. Obviously, if you don't pay back the dues on time and default on payments then it will affect your CIBIL score.