Having a credit card is a great convenience as it allows the owner to use it in case they have financial emergency. It has also been proven to be one of the effective tools in establishing your credit and building your credit history as well. With a credit card you can get your shopping done online as well as you can get rebates and special offers as well.Because of the attractive benefits of owning a credit card, there are many people who end up applying for more than one credit card to be able to have access to more money.However, owning numerous credit cards is a sure-fire way to plunge yourself deep into financial debt. For one thing, you would incur high interest with your credit card which makes it even harder to pay the monthly payments. In addition, payments that are not received on time could either result in an even higher charge of fees as well as you may incur a canceled transaction. If you own a credit card, you should try to pay more than the monthly amount required each month. This would put you in a better position to pay off what you owe on your card at a faster rate. For those with several credit cards, you should consider paying them off gradually, one card at a time, until you can get a handle of your payments. It would also be in your best interest to also curb the way you spend when using your credit card. Remember, this isnât free money and it should be treated as such.