Credit cards are available to almost everyone who has a decent credit score. You might also be aware of the fact that people have more than one credit card with them. During the times of economic crisis credit becomes a huge factor for an average citizen. The recession that the global market is facing since the last few months has taken a toll on the credit card industry.

Many of the major banks are not issuing credit cards until and unless you are deemed to pay back the credit to the bank on time without fails.