David from @thepfcoach and I go head-to-head to discuss all things relating to credit card.

We first discuss our personal views on credit cards - David isn't a fan and no longer uses credit cards, whereas I am a big fan of credit cards.

After pitching our respective views, David and I go on to discuss the main benefits of credit cards, main drawbacks, whether understanding credit cards are key to becoming financially educated (spoiler: we both say yes), then finishing up on when you should never use a credit card and who should never use a credit card.

In general, if you use credit card responsibly, you are able to benefit from lower interest rates and free rewards - such as cashback and points.

On the other hand, if you misuse credit cards you could rack up thousands of pounds worth of debt and spend years paying it off.

Regardless of your personal views on credit cards, it's important to understand both sides of the argument - as understanding credit is key to becoming financially educated.

If you haven't got the cash, or think you may impulse spend and misuse the 'free money' that credit cards give you then it is best to avoid getting one.

Also, you should never use a credit card to buy high priced, consumer items - such as bags or clothes.

Listen to David and I discuss all of this information and more in this episode on credit cards.