How to Conquer Your Fear of Credit Cards

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Last updated on April 2nd, 2020

“Nothing in life is to be feared, it is only to be understood. Now is the time to understand more, so that we may fear less.” —Marie Curie

This sentiment is as true for public speaking and riding roller coasters as it is for using credit cards. Just because you don’t understand how credit card debt works doesn’t mean that you should avoid long-term financial planning or be afraid to even apply for a credit card in the first place. By coming to a few simple realizations, you too will be able to learn how to conquer your fear of credit cards.

Do I Even Need a Credit Card?

To be perfectly frank, there are millions of people that can get by without using credit cards or even having a bank account in their name. That’s fine if all you want to do is get by, but you’ll need a personal finance plan to earn a good credit score and establish the kind of credit history that will qualify you for a loan to get that car or house you’ve always wanted. Even if you’re opting to rent for the rest of your life, some landlords will dismiss your application if they see that your credit report isn’t established enough. This is known as having a thin file, and in many cases, makes the chances of you moving into an apartment slim to none. When used responsibly over a period of time, credit cards can be the tools that will build the foundation for a prosperous financial future.

Learn Before You Leap

If the fear of mounting interest rates or your ever-present student loan debts has kept you from applying for a credit card, learning how to use them responsibly can go a long way in demystifying them. There are countless blogs on the internet written by professionals (like the one you’re reading) with the sole purpose of providing you with knowledge about the credit card industry. Pulling up your favorite web browser on your phone and spending a few minutes reading posts from experienced and reputable individuals may answer some your questions about how to build your credit, pay down your credit card bills fast, and other related topics. Credit card issuers themselves are also a great source of knowledge that you can take advantage of when learning how to conquer your fear of credit cards. As they want you to sign up for their financial products, they’ll do their best to provide you with the information that puts their credit cards in the best light. You can again rely on the internet to do your due diligence, but most major issuers can also be conveniently reached over the phone to answer questions that you may have as well. Combining the info you get from credit card companies and unbiased online reviews should give you a good indication about which credit card is best for your specific situation.

Build and Maintain Responsible Financial Habits

Not paying the balance in full on your credit cards in the past may have led to lots of fees and debt, but there are programs available now that are designed to help you manage how you use them. A quick search online will show you that many lenders and third-party companies have created intuitive applications to help people manage their credit card debt. These apps often allow you to make automatic payments and send alerts right to your phone if you hit certain credit card balances, reducing the chance of your debt becoming past due. Spending within your budget is an important lesson when overcoming your fear of credit cards, too. Opening a low introductory APR balance transfer credit card in order to pay less interest on your current debt may seem like a good idea, and there are ways to do so, but if you continue to create debt without paying it down the cycle of making only interest payments will never end.

Scale Up with Secured Cards

Secured credit cards may not have high credit limits or impressive rewards but using them is still a great way to improve your FICO score if you don’t qualify for an unsecured credit card just yet. Even with bad credit or no credit, chances are that you’ll be able to put money down and open a secured credit card. Ideally, you’ll want to find a secured credit card that can become an unsecured credit card. All you’ll need to do then is pay your balance in full every month and maintain a low credit utilization ratio (not maxing out your card’s limit) in order to increase the chances that your next credit card application will be approved.


The fear of missing out on fun activities because you’ve got to pay down your credit card debts instead may seem like a good reason to be afraid of getting one but think about what you won’t be experiencing if you DON’T have a credit card. There are people who, with careful planning, take their entire family on trips all over the world free of charge using only the points they’ve earned on their rewards card. That sounds like a much better deal than any discounted hotel rate you may come across online. Following the advice given earlier about learning the ins and outs of credit cards, you’ll be able to find one that not only gives you the rewards you want but allows you to earn points or miles on purchases that you’re already making every day. It may sound like a dream scenario, but it can very much be a reality for you as soon as you overcome your fear.

About: Allan
Allan Guzman Chinchilla

Allan is the Managing Editor at In addition to leading a robust team of writers in the pursuit of thorough credit cards expertise, he is an avid fan of films, food, traveling, and Star Wars.

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BestCards is an independent, Florida-based credit card comparison platform. Many of the card offers that appear on this site are from companies from which BestCards receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). BestCards does not include all card companies or all card offers available in the marketplace.

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