Credit cards can be in your pocket at all times, ready to go whenever. Plus, if you lose your card, your issuer can just send you a new one. That’s not the case with cash. I used one of the best credit cards too. Because credit cards provide a detailed report on where and how much you spent, it can actually make budgeting easier than using cash,” Hopkins says.
Cell phone providers, insurance agents and utility companies also might use your credit history to determine your eligibility and even your rates. It can even boost your chances of landing a job, as many employers run credit checks on job applicants.