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With the use of credit and debit cards increasing all the time, the issue of card fraud is always an important consideration. Credit card providers and card processors are now focusing their attentions on providing ever more sophisticated security systems to stay one step ahead of the fraudsters, but there will always be an onus on the customer to act in a responsible manner to prevent fraudulent use of their card.

Living on credit is a way of life for most of us. When we want to make a purchase but don’t have the money to cover it, that little piece of plastic in our wallet can be all too tempting. Credit cards can make life so much easier - if we use them responsibly. Thoughtless, frivolous spending can lead to a mountain of debt that feels impossible to scale.

The majority of Americans carry some sort of credit card debt. Unfortunately, many of us carry so much debt at such high interest rates that it becomes difficult to make a difference in the amount we owe, even when we send a payment to the credit card company each month. Falling behind just makes it worse, with late fees and finance charges added on to your next statement- and often a late payment will result in an increase in your interest rate. High interest rates quickly add up and result in our monthly credit card payments doing little or nothing to reduce the balance. It’s a vicious cycle that can be difficult to get out of.

Identity theft. Those two words can strike fear in the hearts of card holders everywhere. It seems like you can’t trust anyone these days. Even friends and co-workers can access your information and open a line of credit in your name. Worse, businesses that drop the ball on their security measures have been breached by hackers to the tune of hundreds of thousands of dollars. Victims of identity theft usually do no wrong, but suffer the consequences anyway.

Here are three of the highest-profile identity theft schemes from the past year.

The Jetsetters

Paying off credit card debt with 0% interest is a dream come true

By law, credit card companies have to disclose their fee schedules to consumers. The trouble is, the calculations of these fees and finance charges are often found in the fine print of the account disclosure statement you receive when you first open your credit card account. In this case, what you don\’t know really can hurt you.

Here are 6 things you might don\’t know about credit cards:

1. They don\’t always have a grace period. Most credit cards offer 20-30 days