Chances are you have at least one if not more credit cards in your wallet. In fact, a recent report indicated that half of Americans have two or more credit cards. And rewards credit cards seem to be pretty popular with consumers. These kind of cards have perks like cash back or points that you can apply and reduce airfare. But with all the benefits, rewards credit cards come with some risk.

Today, Richard Barrington joins us on the On Your Side podcast. He's a financial analyst for Credit Sesame and has worked for 30 years in the financial industry. He says rewards credit cards are deceptive and can lead some consumers into debt.