Credit cards only matter to Equifax and other credit scoring companies because of the "instant loan" that they give to a consumer. The banks that issue credit cards want to know if the consumer will pay back that loan.
As long as consumers can get instant loans through some kind of mechanism (credit card, phone, pinky swear, etc.) there will be a role for credit scores and the companies that generate them.
Credit cards only matter to Equifax and other credit scoring companies because of the "instant loan" that they give to a consumer. The banks that issue credit cards want to know if the consumer will pay back that loan.
As long as consumers can get instant loans through some kind of mechanism (credit card, phone, pinky swear, etc.) there will be a role for credit scores and the companies that generate them.