I f you aren't paying off your balance in full each month, it's easy for your credit card debt to grow and become a crushing burden, especially in today's economic climate. Not on

Canceling a credit card could cause your credit score to drop. The only reason to cancel a long-standing credit card is if it charges an annual fee that's no longer worth paying. Put a small recurring charge on older credit card accounts you want to keep open.

A Employee Benefit Research Institute survey found that more than two-thirds of retirees had outstanding credit card debt, up from 40% in 2022.

Certain debt relief strategies can have a negative impact on your credit — but is debt management one of them?

It's a good idea to use your credit card whenever you're renting a car, booking a trip, or shopping online. Read on to find out why.