What is one pitfall of credit cards?

One significant pitfall of credit cards is the ease with which individuals can accumulate high debt. Credit cards often encourage spending by providing a revolving line of credit that can be accessed without immediate cash expenditure. This convenience can lead consumers to overspend beyond their means, as they may not fully account for how much they are charging each month. If the balance is not paid in full, interest charges can quickly accumulate, leading to a cycle of debt that can be difficult to manage. Many consumers may underestimate the long-term financial implications of making only minimum payments, which can prolong the debt and increase the total interest paid over time.