Are Credit Cards Thinning Your Wallet?

Credit cards are not pure evil, provided you use them prudently. You must judge a credit card as per your needs, as more and more American consumers are getting into debt trap because of careless use of credit cards. Currently, an average credit card holder has four credit cards and about $4,000 in high-interest debt. So you need to think judiciously whether a particular credit card is just right for your wallet; or is that credit card thinning your wallet? Also, as a cautious consumer you should evaluate whether interest rate charged is an economical or exorbitant proposition.