The average american household has about $131,000 in total debt. Of that debt, about $16,000 of it is in credit card debt. While mortgages, student loans, and car loans all have more total amount of money owed than credit debt, they all have lower interest rates (most of the time), and can be very useful for supporting yourself and your family. Credit debt is acquired by not paying the balance in full at the end of the billing cycle. If you wait for just one time, the interest can spike up. If the only the minimum payment is made, it can take 10 years and more than 100% interest to pay off a $2000 loan. The credit score buildup and rewards programs can make it worth it if you use it right, so credit cards should not be completely avoided unless you simply cannot resist the temptation to overspend.