What is a common misconception about credit cards?

A common misconception about credit cards is that they provide free money. This belief stems from the fact that when someone uses a credit card, they are borrowing money to make a purchase, and it may feel like they are spending money that doesn't belong to them. However, this perception overlooks the responsibility that comes with credit cards. Credit cards require repayment, usually with interest if the balance is not paid in full by the due date. This misunderstanding can lead to overspending and accumulating debt, as individuals may not recognize the obligation to repay what they have borrowed. Using a credit card should always involve an understanding of the financial commitment that follows each purchase, rather than viewing it as a source of "free" funds.