Georgian_Sa...Ji , may be life is better for you without CC. And a single person doesn't represent many others. It just depends how you handle all those money and cards, So its personal choice, except in few cases where individual have no choice other than swipe all you have. I have more than 25 reveolving CC acoounts and I have never been late in my payments, except in two instances where i forget once, and the second time I was out of access to internet. But I never paid late fees. I know the bank is there to make all the money they want, but believe me sometimes u just have to find a way to talk to them. Infact, I finished my studies becoz of CC.

Mr Bond 007, call bank, tell them that u were busy with ur work and college and totally forget to make the payments, also tell them u did make the payments but missed by the day. If this is your first time, they will credit back to you. Also, if u repeat this in the future, they won't and also ur credit score will go down as they report this to credit agencies every 3 months.