The truth behind common credit card myths

Americans have a love affair with credit cards. There are roughly 570 million credit card accounts in the country – equal to about two cards for every adult. However, despite this widespread prevalence, many Americans still believe one or more credit card myths. As a result, these people may be harming their credit scores, paying unnecessary fees or otherwise hindering their financial potential. Here is the truth behind six common credit card myths that can help you become a smarter credit user.