6 Myths About Credit Cards — Busted !

[leapordlion]

1. Chip cards are much safer than magnetic stripe cards.
2. It’s OK to max out your credit card, as long as you pay the balance in time.
3. You can’t change your interest rate.
4. You’ll be stuck with fees as soon as you go over the limit.
5. You lose protection when using a credit card while traveling.
6. Using credit cards traps you in a debt cycle.