6 Credit Card Lies You Should Believe

6 Credit Card Lies You Should Believe

Many a times, small unharming white lies can save someone from troubled waters. It is better to be cautious than careless. When it comes to credit cards, it is better to believe certain lies than burn you hands. Well, these lies need to be told to yourself and the prerequisite is to believe in yourself.

6 Credit Card Lies You Should Believe

1. Believe that you have to pay your credit card bill in full every month like a charge card

Yes, you will be in better shape if you pay your credit card bill in full every month. This way, you will not have to deal with any kind of interest and late payments. And again, you will have used a loan without paying any interest.

2. Believe late payment waiver is impossible

Yes, sometimes we are made to believe that credit card issuers are lenient and considerate when you miss a payment of your credit card bill. This is more a lie than truth. Credit card issuers are not that forgiving. They make money from the mistakes that you make. So keep up with your credit status and never miss a payment. Believe that there is nothing called a late payment waiver.

3. Believe unnecessary spending won’t fetch you more rewards

Earning rewards from your normal spending is wise than spending on items that are not necessary, just to earn rewards.

Also read: Protect Your Credit Card-Keep Hackers Bay

4. Believe you cannot retrieve your credit card once you insert it into an ATM

Yes, ATMs and credit cards are enemies. Withdrawing cash from an ATM with your credit card is inviting trouble. It attracts a huge interest rate and also cash-advance fees.

5. Believe you are vulnerable to credit card fraud

Even though credit cards are safe and secure, there are always unscrupulous people who come out with new methods to steal your credit card information. So believe that you are vulnerable and go through your credit card statement every month.If you see any unusual activity or a charge which is suspicious, then you need to take immediate action.

6. Believe store credit cards are not worth it

Co-branded retail credit cards might look attractive but they always come with a catch and might catch you off guard. So believe that they are not worth it and give a smile and walk off at the retail counters when offered one such store credit card.


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  1. […] Also read: 6 Credit Card Lies You Should Believe […]