After the World Series of Poker announced plans to allow credit card use for buy-ins of $1,500 and below, Lee Davy points out seven things you might want to know if you are considering using a credit card for the first time.

What are the leading causes of debt?

Google reliably informs me that divorce, ill health, and gambling are right up there.

However, I believe there is one culprit that drives more people down that puke ridden road than most – the habit of spending more than you earn. Levels of public debt rise each year, and I lay most of the blame at the feet of our flexible friends.