How to get out of credit card debt trap How well are you managing your credit card(s)? Are you aware of the consequences of defaulting on your credit card bills? Some credit card users keep paying just the minimum due amount imagining that they are serving the loan amount. It is a misconception, says the expert. On or before the due date, the outstanding bill ought to be paid. If not, be ready to face consequences such as late payment fees, damage to your credit score, loss of introductory APR, etc. How to get out of credit card debt trap? Make use of the following tips suggested by Kowshik Maridi  Do not use a credit card if you are not confident of paying bills in time.  Covert your outstanding loan amount into EMIs so that you can save on interest.  Go for a personal loan to benefit from a lower interest rate.