Making the minimum monthly payments on your credit card balance seems like the smart option, after all, why pay more than you have to to the credit card companies? Unfortunately this line of thinking is very irrational and will cause you to fall into a debt trap.

Credit cards are not as simple as they seem. Thirty years ago the only thing you had to look out for when applying for credit cards is the interest rate you would pay and what potential fees you would have to pay.

There are literally thousands of different credit cards available. They all claim to be the “best”, they have the lowest APR’s, the least number of fees, the best rewards…

Credit cards can be frustrating at times. You have to pay interest on your balance, you can exceed your maximum monthly spending limits, there are fees to deal with and you have to know a ton of different terms to truly know what you are getting yourself into.

There may be millions of credit cards in circulation across the world these days but the credit card is not a concept that is old as you might think.

There was a time when everyone's credit cards looked the same, with the exception of the name and actual credit card number.

It seems like every day there is just one more thing that all of a sudden your iPod touch, iPhone or iPad is able to do.