As more credit card holders work to reduce their debt, many credit card companies are trying to entice consumers to borrow more money by offering rewards. programs and discounts, according to the Chicago Tribune.

However, often these rewards. do not outweigh the danger of falling into debt that credit card users may face. Credit card companies are now looking for ways to draw consumers back in, despite the fact that living debt free. has sincere benefits.

One economist and business owner, Malcolm Mitchell, told the news source he strives to never keep a balance on his credit cards, even if they do offer rewards. programs. He said that he prefers membership cards which "essentially do the same thing with less hassle. With a membership card, the consumer has no need to take on yet another credit card, which many consumers are reluctant to do."

Those who use credit cards run the risk of racking up large amounts of debt. Credit card users should establish a budget and stick to it, as well know the stipulations of rewards. programs, according to CreditCards.com. Additionally, using personal money rather than borrowing on credit is a smart move for savvy shoppers.