Consumer Reports reveals why millennials could benefit from credit cards

This might surprise you: It turns out more and more millennials don't have a credit card. And while that might sound smart, Consumer Reports says going without a credit card is a big mistake.

Watch the video player above to find out why.

Consumer Reports is published by Consumers Union. Both Consumer Reports and Consumers Union are not-for-profit organizations that accept no advertising. Neither has any commercial relationship with any advertiser or sponsor on this site.

(All Consumer Reports Material Copyright 2014. Consumers Union of U.S. Inc. ALL RIGHTS RESERVED.)