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

 

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 votes
Article Rating

SHARE

Comments (0)

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments
Top Credit Cards Articles
Top Credit Cards Articles
Post Image
Frequently Asked Questions About Credit Cards
Guo Heng
- 28th June 2018
Do you have questions about credit cards or are you looking to apply for your first credit card? Check out our FAQ on credit cards for all the need-to-know information.
Post Image
Things You Didn’t Know Can Help Reduce Your Credit Card Payment
Desiree Nair
- 14th March 2017
We’ve got a few ideas up our sleeves to help you bring down that bill and possibly even make future payments much more affordable!
Post Image
What You Need to Know When Cancelling Your Credit Card
Diana Chai
- 20th September 2014
Have you thought about cancelling a credit card (or two)? Before you do - read this quick guide on what you need to know (and consider) before cutting your cards up!
Post Image
Public Bank Quantum Visa & Mastercard Review: The New Default
Pang Tun Yau
- 15th May 2020
5% cashback & no annual fees: are the Public Bank Quantum Visa and Mastercard the best entry-level credit cards in the market?

Related articles

Related Posts Image
Related Posts Image
Related Posts Image
Related Posts Image