One of the best advices given to me by my friend who is a risk manager when I applied for my very first credit card was how to reduce or all together eliminate Credit Card Debt.

He told me that I should make my credit card payments at the end of every month and never be a day late of the interest charges will be exorbitant.

Of course this came in the light of all the credit card debt stories we read in the newspapers daily.

I think that with proper credit card debt management, a credit card is actually a joy to have and not a burden.