Credit Cards

The average credit card debt has pushed past $3,700. The advice, to those with a balance they can't manage, is often to cut up the cards. But is that practical? (Ryan Remiorz/Canadian Press)

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.