5 Myths That Are Stopping You From Getting Your First Credit Card

Don’t let any one of these five myths stop you from owning a credit card! Learn to tell fact from fiction and reap the benefits of having your own credit card.


There’s a lot to navigate when you first enter the working world after graduation and getting your first credit card isn’t any different. You have to learn to separate fact from fiction, because fiction could be keeping you from the reaping benefits of owning a credit card.

Having a credit card is one of the best and easiest ways to build a healthy credit score and even save money thanks to the perks that come with it. However, some millennials who have just entered the workforce have misconceptions about owning credit cards. We’ve compiled some of the most common credit card myths that are preventing young working adults from getting their first card, and the truths that debunk them.

5 Myths That Are Stopping You From Getting Your First Credit Card

Hopefully, now that these myths have been debunked, there’s nothing to stop young working adults from getting their first credit card and enjoying the benefits. It’s a good way to build a healthy credit score, learn financial responsibility, and earn cashback from your expenditure. The next time you hear someone sharing one of these credit card myths, be sure to set them straight, and advise them to look into the advantages of owning a credit card instead.

If you’re on the hunt for your first credit card, you can take a look at the HSBC Amanah MPower Platinum Credit Card-i on the HSBC website or apply for it on the RinggitPlus website today.

Disclaimer: The views and opinions expressed in this article are those of the author/RinggitPlus and do not necessarily reflect those of HSBC.


0 0 vote
Article Rating


Inline Feedbacks
View all comments
You May Also Like