4 Credit Card Myths Everyone Should Know

Having a good credit score is important to your financial health.  It enables you to get more credit, receive better interest rates on loans and credit cards and increases your purchasing power.  However, there are some common credit card myths floating around that contrary to the belief, can actually hurt your credit score.

  1. Relying exclusively on a debit card
  2. Carrying a small balance each month on your credit card
  3. Decline a credit limit increase
  4. Cancel some credit cards

To learn more about why these are myths, visit MentalFloss.com and read their article: 4 “Smart” Credit Moves That Are Actually Dumb