What is a common belief about credit cards that is often misleading?

The belief that credit cards are essential for building credit is often misleading. While it's true that having a credit card can help establish and build a credit history, it is not the only way to achieve a good credit score. Other methods, such as taking out installment loans or becoming an authorized user on someone else's credit card, can also positively impact credit history and score. Additionally, the idea that credit cards are necessary might give the impression that one must use them to maintain a healthy credit profile, which can lead to poor financial habits if one becomes overly reliant on credit and spends beyond their means. Understanding that there are multiple avenues to build credit can help individuals make informed financial decisions without feeling pressured to use credit cards unnecessarily.