<prompt> Human: I just dont see the need, and I would rather live within my means. Also, my grandfather was a banker, and his favorite quote was, Neither a borrower nor a lender be, for loan oft loses both itself and friend, and borrowing dulls the edge of husbandry, from Hamlet.  <response>: I just dont see the need, and I would rather live within my means.If you pay your statement balance in full every month, as you should, you wont be spending money you dont have, and wont pay interest.The number one reason for a credit card is the extra layer of fraud protection. If my Debit account gets stolen from, I lose money until it gets reimbursed. If I lose my credit card and someone racks up charges, the bank loses money until it figures itself out. Its like a bouncer for your checking. Also, my grandfather was a banker, and his favorite quote was, Neither a borrower nor a lender be, for loan oft loses both itself and friend, and borrowing dulls the edge of husbandry, from Hamlet.This is strictly with regards to lending between friends and family. 