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The huge number of credit card companies competing in the credit card market has paved the way for the creation of rewards credit cards. Credit card companies offer special interest rates, lower fees and reward programs in order to attract more consumers. However, credit card reward programs have a tendency to cause major debt problems to the consumers who use them carelessly. Rewards credit cards are ideal for people with good credit. Those who pay their balance off or carry a low balance will find these cards useful. On the other hand, people who carry a high balance or only pay the minimum amount due will often have problems with this type of credit card.