Each issuer has different criteria for approving credit cards, so if you can't apply for a new card, something is probably not right.

Anyone who has ever used a credit card knows that a credit card can be a good thing or a bad thing. While they provide financial flexibility when needed, they can also lead to difficult financial burdens if used inappropriately. Before reloading again, please consider the suggestions in this article, and you will have a full new understanding of the potential that these tools offer.

CBS-News reports on five hidden credit card fee pitfalls and advises consumers to shop around for the most fair credit card.