When you exceed your credit card limit, you face declined transactions, steep penalties, a drop in your credit score — and the potential for your issuer to freeze or close accounts. If you go over your limit,

It might seem impossible to get out of credit card debt. But that's not the case. Find out the best strategies to get out of debt now.

Ericka Smith ended her marriage in 2024 with several credit cards and $25,000 in card debt. “We didn’t really talk to each other about money,” the 30-year-old Navy veteran and Washington state resident said. “It was just kind of like, she wanted it, or I wanted it, and we just did it.”

When you break it down into age groups, millennials were most likely to have more debt than savings, with 42% falling into that category. Despite this, nearly three in four Americans (or 73%) are saving less money for emergency situations due to rising prices.

Credit cards are incredibly useful and deserve a spot in your wallet. But only using credit cards to buy everything can be a bad choice -- find out why now.

Holly Johnson is a credit card expert and writer who covers rewards and loyalty programs, budgeting, and all things personal finance. In addition to writing for publications like Bankrate, CreditCards.

Credit card debt is weighing on many Americans. The share of credit card holders making just the minimum monthly payment is at a 12-year high, a report shows.