An analysis of the spending pattern of the average Americans has revealed that every one owns at least four credit cards. You should realize that the credit card dues are slapped with a hefty 36 percent interest by your bankers. You should therefore think twice before you indulge in a buying spree with your credit cards. It is insane to draw cash with your credit cards. Trying to pay the dues of one credit card with another is a dangerous game that would leave you financially wrecked in the end. Credit card dues could mount beyond your imagination if you do not read the fine print of the banker before using your credit card. Experts advise that people should start using debit cards more if they do not want to get caught in a debt trap. Multiple credit card dues have left many Americans bankrupt. Using cash or the old fashioned checkbook would be the right strategy to stay clear of debts.
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