Common Credit Card Myths - Don't Be Fooled!

Welcome to my MissBeHelpful channel!

In this video, I discuss 5 Common Credit Card Myths that are too often believed to be true.

Credit Card Myths:
1. Only use Credit Cards for emergencies.
2. You should cancel cards you don't use.
3. You have to pay some interest to build up good credit.
4. Paying before my due date boosts my score.
5. Merchants can pick any credit minimum for shoppers.

More from MissBeHelpful:

Let’s connect:

’Til next time… PEACE!

[MsDangel]

I love your videos!! I am obsessed w/ credit and I'm going back to catch up on all of your videos! Thanks for sharing ❤️

[r.jay]

My credit score was stuck at 796 trying to get 850, now I see what I was doing wrong, paying too fast on the credit cards for the advice

[thChrch]

I've been looking for a solid channel to improve my credit score, by someone who is honest and trustworthy. Look forward to learning and applying your knowledge. Thanks for taking the time and energy to make these videos.

[djprince]

just got a capital one $300 limit quick silver card with a 586 credit score. last month spended $51 dollars and paid it all off 1 day before my due date. trying to rebuild my credit. awsome vid love the advice and humor. keep it up!

[jameslewis]

The way you explain things make it more interesting then it should be. Probably because your so cute😩😍

[wiseman]

Very important to owe 1% to 9% of your credit card limit on every bill statement. But one day after your first upcoming bill statement is printed pay that amount in 100% in full right away or before the due date.Some bill statements are not printed on the same date every month due to weekends, so make sure your bill statement has been printed before you pay your credit card in full.Rinse and repeat every month.this is a great video she explained things in an easy way to understand.

[DJROMUSIK]

im new to this credit card thing, gotta say I enjoy your videos they're really helpful, keep em coming 👌💳

[JonelleElise]

Wow you are sooo good! I didn't know about that minimum credit rule! Wooowww...

[simple_yet_impactful]

Excellent explanation! The banks love seeing balances on accounts while processing closing statements. Make it a great day!

[MikeDoe]

You been on your grind I’m so Happy for You..

[Eljanny]

You should put up a video for when it's ok to cancel a credit card. The biggest one being is if you have to pay an annual fee for it, if it has a huge APR such as over 20%. Either way great video!

[heftyalan]

I use my credit card daily but I ensure I have a direct debit set up and pay it off monthly. I learned this the hard way. Well Miss you have serious credit card knowledge.

[philam]

Fact number 3 is the most interesting.. thanks a bunch!!

[ezekielm]

Awesome advice really helpful and your bringing genuine value.

[Beautymarie]

Question, I'll be getting my first credit card this month... Is there a such thing as auto pay with them? & will that have a negative effect on my credit report?

[TruckerLerone]

Problem is the local store isn't making any money because of what they get charged by the credit card companies when you use your credit card for a little 5$ purchase. You're making prices rise in the stores and hurting small businesses. Just use cash for a small purchase!

[Ypena]

I’m a 24 year old single mommy who didn’t care about my credit until I found out I was pregnant. Honestly I am so grateful to have found you on this channel. I just got approved for a 300$ cc so from my understanding the most I can use is $26-27$ to keep my utilization down. I’m learning so much from you!

[thwhiteprince]

I've used my amex for a $2 grocery purchase at Kroger ha ... another thought would be to perhaps ask the credit card company when they report to the bureaus so that way you'll know when they see what they see in terms of your credit usage - perhaps

[Gohan]

Subscribed... why oh why people think they have to carry a balance to build their credit, I will never know... 0 % interest is the way to go...

[ranger-iodb]

That's good to know, the $10.00 minimum on credit card purchases.