5 Lessons Credit Card Beginners NEED To Learn

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Название	:	5 Lessons Credit Card Beginners NEED To Learn
Продолжительность	:	13.40
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Просмотров	:	47 rb

I appreciate your honesty gracias daniel
Comment from : Rafa

Lesson 3 is a very good tip
Comment from : Presidualist

I just know da credit card I bought with the guidance make it so easy to use, thanks to this dude called…TRENCHGLITCH could have made few mistakes under fake bot
Comment from : Korede Adetunrinmo

I need help Daniel! I have 4 credit cards Been paying them all at $0 PRIOR to statement closing date and my credit score still goes down Should I report SOME type of usage on ONE or ALL of them prior to statement closing dates? OR just keep balances at $0 prior to statement closing? I've tried both and credit keeps going down 😔😔 I'm so confused!
Comment from : H C

How long does bad utilization stay in your credit history?
Comment from : Jesus Owoo

Does anyone know how to pre pay a balance on a credit card?
Comment from : JeffreyAndre

How does a low utilization help anything? It’s a score which will change once you get a higher utilization Boosting a credit score does nothing If you don’t have real cash money to back up that credit spending On your high interest cards
Comment from : Rick Bell

So basically you need to make money In Order to have and use credit It’s great to have a high score but if you can’t back it up with cash money it’s worthless
Comment from : Rick Bell

I'm 18 and I'm looking to start building my credit score, I've tried applying for accouple of credit cards and have continuously been denied, my guess is that its because I don't have a credit score? what are some credit cards I can apply for as a beginner?
Comment from : Reiyah

So I just got approved for a credit card if I spend 100 on my credit card and pay it back immediately that’s positive on my credit card?
Comment from : Jackboy

Great video
Comment from : blurio

A secured card is how I got started I put $200 on a Discover It account, one of the best reviewed beginner cards I researched I've been very happy with them from the start I only used it for purchases under $20 and it definitely helped boost my score For me, it was a great way to start as a beginner, so best of fortune to anyone who may find this advice helpful
Comment from : Adam N

I have a major expense My girlfriend
Comment from : Ivan Hernandez

Daniel - have Walmart rewards card, capitol one sent me offer for QUICKSILVER, is that any good ?
Comment from : dbest47

Wow, #1 is a MAJOR tip that I barely thought about, and I'm a college student who's been using credit cards since early 2020 Thank you for this right here
Comment from : Javian Johnson

NEVER miss a payment ! True
Comment from : Chief Executive

Charge cards are rarely talked about Can you make videos about how charge cars works and bust myth about how its bad for your credit?
Comment from : Ariel Reyes

I always tell people to set up autopay for the minimum payment You should definitely pay off the balance in full but just set the autopay for the minimum as a fail safe, just in case you forget about it and don’t have quite enough in your account to pay it off in full it will only take the minimum which will save you from an overdraft fee AND more important save you from a late or missed payment
Comment from : Kelly Ann

You give great advice The only huge issue I’m reminded of when I watch your videos is you had the benefit of staying with your parents and saving up Not everybody was able to save up extra money and comfortably move out when you wanted, and any extra cash saved gets quickly used up when things pop up But regardless, your tips can help anyone who’s responsible get back on track Thanks for keeping us updated with the cc game 💯🤝
Comment from : Hoez Mad

Can I keep my credit utilization 0?
Comment from : LGZBR

Treat every credit card like a charge card except with a preset spending limit and pay it off immediately My mistake was not keeping my oldest credit card and letting it close due to inactivity Never doing that again
Comment from : Th33Vultur3

Dumb question but if you pay it off in full before the end of your closing date do you have 0 credit utilization? And is it good to keep it at like 1-2 to show that you've used credit, just not a lot? Thanks for any insight!
Comment from : Ron Burgundy Ch4

Thank you so much Dan this is a wonderfully informative video! I'm about to open my first ever credit card and I'm just wondering that if I do pay early to avoid credit utilization, would I still be able to earn the same amount of points/benefits the card offer?
Comment from : Daffa Adra Ghifari

When I first started my credit card journey I definitely overlooked credit utilization; I didn't know about it
Comment from : Calby Ng

keep my balance low as possible using my platlium card 🙃🙃
Comment from : PrincessMeganElsa

Just showing support
Comment from : GUAYO20

I started 6 months ago but yea still watching these with 4 cards I have 75k
Comment from : Ezraxmonster

Can you make a video on the Bilt card
Comment from : Steezy King

Does credit utilization refer to the average of all your cards or per individual card? If i use 25 on one card but 1 on on another, do they look at the 25 or the 25 and averaged out?
Comment from : Corey W

Do a video with airlines please!! With chase sapphire !!
Comment from : Julian G

This man’s cheek bones so defined he looks like heath ledger’s joker
Comment from : andrey scumpieru

I have another question, if I pay the balance right after making a purchase there will be no credit utilization reported if it’s before the statement date right? So is that good or bad for my credit score?
Comment from : Abby

Hey Daniel great video! Might I suggest instead of an emergency fund for unexpected expenses use sinking funds Most of those expenses you mentioned were not true emergencies You know you needed new tires at some point, also your cat will need to see the vet etc… sinking funds allow you to still set aside necessary cash as well as still having your emergency funds for a true emergency Again great video! Keep it up
Comment from : Sean D

Have a great day as well!
Comment from : Mitchell

Some great reminders Nice video Dan
Comment from : Robert Braun

Great insights!
Comment from : Financial Freedom Made Simple

Only makes sense to pre pay your balance if you want to get a mortgage and want to boost your score Most of the time setting autopay and chilling is the way to go
Comment from : Scott Wible

It's my 4th month of having my discovered secured credit card, first cc And sitting at a 695 credit score, aiming to eventually get in the 800s
Comment from : king ramp

When I just started with credit cards I used like 90 of my credit utilization and thought it was a good thing 😅 Definitely wish I knew about it earlier
Comment from : Chase Yokoyama

I still want more people to benefit Ask me how and I will show you the first 20 on how you can earn $5,850 in 24hours without sending money to anyone for more info youtube/cXcxmg9m3UY
Comment from : Ava Lucas

Very helpful
Comment from : Max Styne

I spend a lot with my Credit card, but only as per my present cash reserve I also do the same, spend via card to get points and settle the balance immediately
Comment from : Rishabh Dev (N3)

If you cannot pay off your balance in full have a strategic gameplan to pay it off fast Even w/ a promotional 0 intro interest rate the bank is betting against you to still have a balance and start paying interest Also, know that the minimum payment is nearly all interest and does pretty much nothing to pay down your balance Be smart and strategic, don't get caught in the wheel!
Comment from : Alex Chavez

These are GREAT reminders! I think I take for granted some of these "basic credit card" rules… These aren't all easy, though!
Comment from : Will Harrison

I have a credit history (5 months) but I don't have a credit score, can I apply for Citi customized cash credit card?
Comment from : Yechen Zhu

I think for the most part, everyone should be using credit cards as debit cards
Comment from : Tyler Sinden

This guy knows his stuff 🤷🏽‍♂️👀
Comment from : Avnish Patel

what camera do you use? love the quality!
Comment from : Luis Perez

One of the best tips I’ve ever learned is to pay off your credit card early (before the statement close date) to bring your credit utilization down, especially right after you make a big purchase This has helped me to keep my overall utilization at around 1 even when spending more than normal in a given month while trying to hit welcome bonus spend brbrLoving the new set btw Also, 20k subs is right around the corner! Very well deserved
Comment from : Spencer Johnson

Love the idea of having an emergency fund not only when you start investing but also when using credit cards Never know if some unexpected expenses will come up Great tips Daniel!
Comment from : Matt Welter - Credit Cards

This is a fantastic first video for all credit card beginners 💳
Comment from : Will Harrison

You say never to carry a balance What's your take on what should be done with 0 APR offers? Take advantage or keep the habits in place
Comment from : Baseball

Hi 👋 do you recommend pay off all the balance owed monthly or just part of it like for example I have $400 for one month and pay $300 instead of $400 leaving $100 for the next month
Comment from : Juan Suarez-Nose

Rock solid advice, as always! If people starting out would just follow those few guidelines, they'd save themselves a lot of headaches and money! On a different note - just got back from my paid-for-with-points NYC trip - had a nice time attending my friend's graduation from Columbia And of course, ate some seriously good food On yet a different note, love the black t It looks great Take care
Comment from : Anthony Gardner

Such valuable lessons in this video! Excellent content as usual Daniel… 20K coming soon!
Comment from : Mark Plymale

Credit card companies should wait until you make your payment before reporting to credit bureau agencies not on your closing date I think that would reflect your balance more accurately
Comment from : IvanR

Just track spending and pay off balance every two weeks
Comment from : K Roddy

Terrific job as usual Danny You seem to get more and more confident with each video too Great stuff
Comment from : SJG

Great stuff bro as usual 💯
Comment from : LaTron Daniel

I appreciate your honesty and insight A vast amount of the advice you give are what I give to my customers at work daily It may not be popular, but being fiscally responsible isn’t always the most popular 🤓
Comment from : Mitchell Horner