Introduction
Credit cards are a means to provide convenient credit  to customers. Customers do not have to pay in cash immediately while purchasing something and  can be billed at a later time. There are a lot of companies which issue  credit cards to users who purchase on credit using such cards. They have rules and norms that the user must satisfy in order to be eligible for a card.

Credit card debts are the results of a lavish and extravagant life style. The debts accumulate on account of improper credit card use and bad money management.

The two most important factors that can control credit card debts are

a) Do Not Buy on Impulse
b) Determine to pay bills on time

We should plan to minimize the use credit cards in our day to day life. While shopping for grocery and gas it is better to pay in cash rather than charging our credit cards. When you shop the salesman may sell a lot of unnecessary things to you. You may also buy on impulse and land up purchasing things you simply do not require. Credit cards are extremely dangerous because of the fact that they permit us to postpone payment and make purchases on credit.

We should be determined to pay our debts on time and not add to the kitty of Credit card companies by paying fines. In an authentic survey it was disclosed that about twenty three percent of Americans have used their credit cards to its maximum limit. Around thirteen percent of the people pay their bills thirty days late. Credit card companies have accumulated as much as  $43bn from which $11bn has came from late fines.

If we control our purchases, it will be easier for us to make payments on time. Credit card companies charge interest rates in the vicinity of 35 to 40 % per annum. If we are disciplined we will be able to reduce our burden and not add to the already burgeoning profit margins of credit card companies.