What's your thought about credit cards? Do you consider them a banking fraud, just to trick you to spend money you don't have, or a useful tool if used correctly? Do you have one yourself? In my case, as a student, I was issued a university card, which features a low yearly fee but also a considerably low credit limit. However, I often use it to pay bills in interest free installments (Car insurance for instance) and my gas expenses, which provide a decent cashback (I'll fill up my car once or twice a year for free).
On the other hand, there are quite a few shops here that also offer interest free installments, that way, I was able to purchase a bicycle for my girlfriend, when the budget was quite limited.
The trick on credit cards is to use them wisely, not spending more than you can afford, always pay in time, otherwise you'll get a huge interest on your balance, while at the same time, you're building a credit score.
What's your take on this? Are you against credit card usage?
Credit cards can be an incredibly useful and powerful tool, but they should never be taken lightly. You should only start using one when your finances are in a stable place and you've got enough money to pay bills each month, along with fairly good self control when it comes to spending. The worst thing possible to do with a credit card is to get one, see you have a certain limit available and think you've got free money. If you cannot clear your balance every month (thus avoiding charges) then stay well away from them as the fees will cost you a lot of money.