My best guy friend told me that he has no credit card. I was quite surprised when he told me that. I asked him why and he told me that he wants to be financially free. Previously, he has lots of debts including a few credit cards debts. As a result of not being able to pay on time, he has bad credit. It took him a few months before he is able to clear all his credit cards debts. Now, he is wiser and only keeps 2 credit cards for emergency use only.