Navigating life without credit cards: Is it practical?
Impulse shopping is less risky without credit, but what about booking a hotel or rental car?
The average credit card debt for Canadians has pushed past $3,700, according to new figures. And nearly all of it is carried at double-digit interest rates
With Canadians shouldering record debt, many consumers with a balance they cannot manage are often advised to cut up their credit cards.
But is that practical? Kate MacNamara from the CBC's Business Desk talks about her stroll in the world without her credit card.
She also talks about what people should consider before ditching their credit cards, and how possible it is to book things such as hotels and cars without one.
Click above to listen to her full report.