4 Credit Card Myths That Are Keeping You from Having a Credit Card

Stop listening to myths

Tunji Onigbanjo
4 min readJul 18, 2020
Photo by Morning Brew on Unsplash

A myth is an idea that is widely held but false. Myths are not real information, and it is in your best interest to not believe them, especially when it comes to credit cards. The only thing that should be stopping you from applying for a credit card is your age (you must be at least 18 years old to open a credit card account in your name).

Getting a credit card is the first key step in building your credit history. It is necessary to do the proper research and understand all the terms and conditions of a credit card before applying for one. With all the different websites for comparing credit cards such as NerdWallet, WalletHub, and CardRatings, there is no reason for the myths of credit cards to be holding you back from getting a credit card.

The 4 common credit card myths that will be the focus of this article are as followed: credit cards are not for young people, credit cards only lead to debt, only people who cannot manage money have credit cards, and credit card rewards are a waste of your time.

1. Credit Cards Are Not for Young People

Credit cards not being for young people is false. Credit cards are for people of any age group, and it is especially important to get a credit card at a…

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