I can't help to wonder why we have to let the credit card companies make such a huge revenue?

If you stopp to look at your history of transactions- how much you spend and how much you really pay, there is a big difference between the two. If you look even more carefully then you will find that on top of the %rate that you pay for interest; you also have hidden fees.

Regardless of what a pain in the butt all these can be, we are in a society where without a credit history, you are unable to purchase anything beyond your reach. i.e. if you want to purchase a car but you are unable to pay cash, then you need to have apply for a loan. This loan would either be through a bank or the car dealership itself. In any instance, your credit history needs to be in order and your credit score needs to be high enough......