Millions keep up with their household bills, as well as paying for luxury items, using high limit credit cards. Many people choose to make just the minimum monthly payment which only serves to worsen credit card debt and financial problems.

The Scale of High APR Credit Card Debt

According to research by the Consumer Credit Counselling service (CCCS) in Q3 2008 , "The average UK adult has debts on credit cards approaching £2,300. Clients of CCCS owe on average over £14,000 on credit cards. CCCS counsellors are now dealing with almost 50,000 credit card debts every month, 3.5 times more than three years ago."

Debit Cards vs Credit Cards for those Struggling with Debt Problems

High APR credit card debt is one of the biggest sources of debt problems facing people today. Credit card debt is avoidable, but it is all about understanding yourself. If controlling spending is an issue, it is best to close down credit cards and use a debit card. If debt problems are a regular source of worry, remember to minimise personal overdraft limits as they are equally as bad as credit card debt.

Credit Cards and Cash Advances

Credit card cash advances charge a higher APR than regular credit card debt. There is also a cash advance charge for making the withdrawal. A credit card cash advance could constitute a simple withdrawal from a cash point or using a credit card cheque. Gambling transactions also constitute a credit card cash advance.