If you are like most people you probably receive a letter from a credit card provider in the mail several times a week saying you are pre-approved for a card.

It is tempting to take the credit card provider up on the offer, but if you already have a substantial amount of debt that you are trying to eliminate, you should probably consider what your intention is with this new card.

Getting a new credit line can be used to your advantage if you are not going to be using it for additional purchases and accumulating more debt. Compare your current interest rate with the interest rate from the pre-approved offer. If you are offered a lower interest rate you can calculate how much the savings will be if you transferred the balance to the new card and discarded the old credit card.

You should also be aware of the total available credit that is being offered on the pre-approval. If you can only transfer a fraction of your debt it may not be worth the hassle and risk of having another card where debt can accumulate.

It may be difficult, but you must learn to discipline yourself when it comes to dealing with multiple credit cards and reducing debt. That is why every pre-approved offer must be carefully considered before you sign the application. Think about the reason that you are getting this offer. The credit card provider see an opportunity to make money on all the interest you have to pay on the credit card balances, but taking control of your spending and being determined about reducing your debt can put and end to all these finance charges.