💰Cards Aren’t the Enemy—But These Myths Might Be

Think you need to carry a balance to build credit? Or that checking your credit score will hurt it? Don’t worry—you’re not alone. Credit card myths are everywhere... and they could be quietly draining your wallet and your credit score.

Let’s clear the air. Here are 10 of the biggest credit card myths—debunked:

• You don’t need to carry a balance to build credit. Just use your card, pay it on time, and keep your balance low.
• Checking your score won’t hurt it—only lender “hard checks” do.
• Closing a card can hurt your score (especially if it’s old or boosts your available credit).
• Not all credit cards are the same. Pick one that matches your lifestyle—cashback, travel, or balance transfers. Pick from our favorites here.
• More cards isn’t bad—misusing them is. Managed right, they can help your score.
• You won’t pay interest right away. Most cards have a grace period. Pay in full each month = no interest.
• Minimum payments = long-term debt. Always aim to pay off your full statement.
• You don’t need perfect credit to start. Secured cards or starter cards are great for building credit.
• High income ≠ guaranteed approval. Lenders care more about your credit history and habits.
• Rewards cards can absolutely be worth it—if you avoid interest and fees.

Bottom line: Credit cards aren’t evil. They’re just tools—and with the right know-how, you can make them work for you.

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