Should we ban the sale of credit cards?

Yes Neelima,awareness is the key. Thanks to RBI Guidelines, that help both the Banks & customers. Banks has been asked to issue the card to the eligible customers only.  Banks has also raised their eligibility bar accordingly.  Only high interest rate is the question, pressure is on them to reduce the interest rate, however banks are arguing about free credit period for 50 Days.

If you use judiciously you can enjoy the credit period. Those people who could not control their impulsive buying & spendthrifts should not go for credit card they can use Debit card to avid stress, because you spend before earning.

No question of banning such a good  facility.  A recent study has shown that cc usage has dropped down substantially in India. Let the market decide.  Banks must also follow proper discipline while assessing the applicant at the entry level itself for issuing the Credit Card & practice law of the land while recovering the default payments.