Common Myths About Credit Cards

Are you afraid of credit cards? Do you think they’re nothing but trouble? If so, you’re not alone. A lot of people are hesitant to use credit cards because they believe the myths about them.  

On the other hand, failing to familiarize oneself with some credit card information may lead to credit problems that are difficult to resolve. That is why most people rely on a Des Moines credit repair. 

In this post, we’ll debunk some of the most common myths about credit cards. We’ll also show you how using a credit card can be beneficial for your finances.  

Credit Cards Are Only for Emergencies 

Credit cards are not just for emergencies. They can be a helpful tool for managing your finances and saving money. For example, let’s say you need to junk removal or declutter your home. You could charge the expense to your credit card and then pay it off over time. This way, you can avoid interest charges and keep your home clutter-free.  

Similarly, if you’re planning a trip or making a large purchase, you can use your credit card to spread out the cost over time. As long as you pay off your balance in full each month, you’ll never have to worry about paying interest. So don’t be afraid to use your credit card for everyday expenses. With responsible use, it can be a valuable tool for managing your finances. 

Paying Less Than Minimum on Your Credit Card Is a Missed Payment 

Let’s say you’re only able to pay $50 towards your credit card bill this month. You may have heard that paying less than the minimum is equivalent to a missed payment, but that’s a myth. Your credit card issuer will report your payment as current, regardless of the amount.  

However, if you habitually make late or partial payments, it will eventually damage your credit score. So, while one missed payment may not have a significant impact, making a habit of it can lead to long-term financial difficulties. If you’re struggling to make your credit card payments, it’s best to contact your issuer and explain your situation. They may be able to work with you to create a payment plan that won’t damage your credit score. 

Getting a Credit Card will Lower Your Credit Score 

When you get a credit card, your credit score may dip slightly, but it will quickly rebound as long as you use your credit responsibly. Credit cards can be an excellent way to build credit and improve your credit score over time.  

As long as you make your payments on time and keep your balances low, using a credit card can help to increase your credit score. Additionally, if you have bad credit, getting a credit card can be an effective way to start repairing your credit.  

By using a credit card responsibly, you can gradually improve your credit score and get access to better financial products in the future. 


Credit card management should be easy now that the misconceptions and myths regarding credit cards have been debunked.