TOP Beginner Credit Card Mistakes to AVOID

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Название	:	TOP Beginner Credit Card Mistakes to AVOID
Продолжительность	:	14.21
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Any tips on getting out of credit card debt? My New Year’s resolution is to finally pay one of my cards off 😔
Comment from : @javierreta1262

Great video! Video informative and helpful Thank you man!
Comment from : @YeeeeGreg

Credit cards shouldn't be given to anyone under 26 It's so scummy of banks
Comment from : @SheldonDarianRoach

I'm that type who use credit card and pay full on the same day 😭
Comment from : @megumi4353

For the old card if you doubt even use it shouldn’t you just cancel the card or something
Comment from : @Arastue

i only used mine cuz of covid and couldn't find a new job and had to sadly use mine but luckily it is only 2 cards and the limits r not that high but i 100 need to pay them off once able
Comment from : @kyse2

Why have it in the first place?brJust to buy now pay later lol😂😂brIf you dont have money, dont buy!!brWhy even need this channel for some simple financial knowledge?brAre we dumb😂😂😂?brNo, we got Advertised!!
Comment from : @makkarapatthanagurasami493

Hi!! I am new here and this is great! But What if I'm already in the hole? Lol, I am going to find that video in your channel now 😂😊
Comment from : @inherwords6

Im turning 34 and never used or owned a credit card Just using my salary to buy things i need
Comment from : @neilerikmasalihit1866

My biggest problem is I'm almost 30 and have never had a credit card 😂
Comment from : @ioxemi

Let me summarize everything cuz this video to to long I saved you so much time: brbrWhatever you use on the credit card, make sure you are able to pay the full balance at the end of the month
Comment from : @jeanpierre4370

if the bank is giving you 30k limits, that absolutely means something the bank decided it's not risky to lend you that kind of money because based on your income, youre likely good for it
Comment from : @justfor8550

I had no idea about credit cards or how to use them and my ex encouraged me to get one through my bank I did so and maxed a 3k credit limit and the bank closed my account last year because I "cant pay it fast enough" so please please please anyone out there get educated on how to manage money and your credit cards
Comment from : @wyattcossich2518

Is it bad to close credit card accounts
Comment from : @norrislambert1576

This was super detailed! I have a clearer understanding of how that system works 👍🏽
Comment from : @ARtorNot8

This was a fire video, hit so many things on the head with FACTS 🔥🔥🔥sharing this video with friends and family
Comment from : @CaineL08

Does this rule apply worldwide ? Or are they mostly linked to the US/Canada? brDo European banks do that too ? I don't see why not, but maybe there are legislation in place in Europe to prevent these kinds of interests?brJust hoping someone can enlighten me better than Google, bc I can't find an answer
Comment from : @paulpaul20000

Gonna have to watch this again 😅 I literally just my first card and don't want to do something wrong
Comment from : @Friskypillow

I have another question, is it more benificial to have a credit card but not use it at all or to use a very low percentage of my credit limit and pay it off in full every month?
Comment from : @elianad9646

Can you use credit card limits from other credit cards to pay off statement balances on time? Or does this send you deeper down the debt and interest rabbit hole (14 year old interested in finance asking)
Comment from : @Likwify

Good thing since I was 18 I have always paid my credit card in full
Comment from : @joshdominguez341

8:56 if they close it, it won't hurt you brBut if YOU close it, your score will lower
Comment from : @lilamontoya5609

lmao just got mine and immediately looked up what to avoid 😭
Comment from : @moomoo9973

Nope I'm still confused I have full payments set up automatically to be withdrawn on the due date which happens to be 3 weeks after the statement closed and when you said that that is bad, i thoughtTHIS explains why credit score is going to pot So I called my credit company and asked them to change it to the close date and they said they can't So now I still don't know how I make full payments for every statement and still have a lowering credit score
Comment from : @MalaikaBacon

I did cash in advance 10 dollars fee I paid, I Didi t die, this guy is bargainer, so why don’t you resume your videos: guys don’t apply for credit cards Pay with debit card Bye
Comment from : @alovate

So why give limit to the people it doesn’t make sense, I use all the 100 I don’t see any problem I pay it off, and That’s ok
Comment from : @alovate

If you spend a huge percent of your CL but you immediately pay it off before the statement gets generated would that be a better bet as your score won’t go down?
Comment from : @naveenthemachine

I built history by being an AU under my parentsbrbrFirst card I got on my own had a 6K limitbrbrSecond card from a CU has 5KbrbrThird card I got has 8Kbrbr4th card limit was 4K but I increased it recently to 7Kbrbr5th card has a 16K limit
Comment from : @naveenthemachine

Whats a good credit cards just to build credit i never had one and i want to start
Comment from : @kingmanny6619

what if i got a new credit card and it has a 15 month intro 0 APR, so it doesnt carry interest WIll it affect my credit score if I make minimum payments for the first 15 months? no right, cause Im not carrying over new debt?
Comment from : @TannerJarring

I am highly impressed with CapitalOne Good Customer Support, knows how to identify you well, and the annual fee is very affordable compared to a bank credit card I don't have anything to help my credit this year ( Paid everything off last year wooo!) so I decided to check for a credit increase and now I have their actual Gold card Working on up to that platinum and just in a few years toobrbrMy trick is I don't use my bank account, its like my safe box, and pay my credit card twice a month in chunks while never maxing out the card and getting it close to zero for the next month I do not goo by their pay dates, I go by mine but they are earlier than theirs
Comment from : @LeeirahBrashka

I never liked credit cards but my dad forced me to build up my credit and stuff But the only thing he told me is make sure to pay it monthly My monthly payment was $35 at first so I was paying $100 They told me to stop doing that for them it was a waste of money So I was only paying the minimum I lost my job and was just doing Uber Eats💔 I only had the card for 9months, it affected my credit score so bad😭 it wasn’t even a big amount tho 4k Got back on my feet but credit score kept going down I reach out to National Debt Relief recently and they told me my payment was going towards interest only I cried I got a job offer and all my savings went towards that card for it just to end up in interest Only 9months, it went from my score went from 700 to 580 Idk what to do I tried personal loans but they keep denying me because of it Never thought I would end up living in my car but I guess that’s the only solution now because my new job recommended me to relocate It would be okay but for now I just want to scream my lungs out
Comment from : @merciamayela8891

Things to add (not really specific to beginner mistakes tho and not sure if others have mentioned)brbr1 Not keeping track of expenses - do this just to make sure nothing fraudulent is happening Habitually review your credit card expenses and make sure you recognize each transactionbrbr2 Paying late/after the due date - you will be subject to late payment fees if you do this!
Comment from : @daryldeal

Is care credit a good option for me I’m a broke 22 year old who needs some dental work a root canal and crown to be exact but I don’t have that much money what should I do can somebody please help me to go with the right credit or financial program
Comment from : @Hotmamaxoxo

I find credit scores are a bit pf a sham if you have anything above 750 No benefits for having a 850
Comment from : @Tanis1kanan

And those last credit cards he mentions has a high ass annual fee!
Comment from : @azngettoone

I thought closing a credit card account hurts your credit
Comment from : @taemoney86

I dont use credit cards I just use my debit
Comment from : @celularphone

Great video! 🤩 thanks 💕
Comment from : @Pixl8dwhmsy

Got a college card from Wells Fargo, they have since increased my credit limit without me asking for it and due to unfortunate events, I now have a lot of credit card debt No benefits on this card at all, I want it gone so bad
Comment from : @eyzhuh_studios

thank you! i finally don’t feel so lost!
Comment from : @lupee9474

It's really annoying because my credit card doesn't have an automated option for "current balance" Only minimum and last statement
Comment from : @jasonwhite2520

the camera shuttering is so annoying i know u wanna be trendy and cool but u need to chill out mate
Comment from : @thebrownbear4961

you should do how to fix bad credit my parents gave me, mine did that to me and i'm still trying to fix it
Comment from : @OSR-go5cg

Super informative🔥
Comment from : @smokeybrown8752

Does closing start up credit cards not being used will hurt my credit score?
Comment from : @marshacajanding6937

Very true
Comment from : @visittavee7773

I (20) just got my first card and I already knew all of these so I hope I’m off to a good start
Comment from : @tehcowgoesquack

I would love a video on credit card types for their best uses Or a series of videos on this thanks
Comment from : @druidsongevergreens

A lot of words My head is going to burst
Comment from : @bryanmoody4647

Point 1 and 2 were the same
Comment from : @AdamJohnson1

Hey, brA month ago, I purchased smth from BestBuy They offered to buy through citibank (24month without interest) What I DID When I checked my account it says that I should do minimum payment and balance N I wonder, does the rest of balance would be with interest as in video?brSorry for my English,)
Comment from : @zangarzhaksylyk710

There is a time when it’s ok to take a cash advance on a credit card and that’s for business expenses Federal employees are expected to take cash advances to pay for things in cash but we are reimbursed for everything
Comment from : @timothysteadham331

Isn’t the point to build credit though?
Comment from : @SergeantArxelCone

Wish I had videos like this in my early 20s I'm in my mid 30s now, working on fixing my credit Thanks for sharing!
Comment from : @IrvinTimeBW

Even with auto pay, you need to make sure that the payment posts I cannot tell you how many times I've seen a payment fail and a borrower gets dinged with a 30 day late Most major creditors also will not remove the late from credit reporting
Comment from : @xBLACKSWANx

How is the sapphire a beginner card ?
Comment from : @williamjuarez6311

Going to be 19 officially within 8 days yet I know nothing about credit cards, my dad took it away coz he wants me to be at house and study for medical 🥲but I know I must get basic knowledge about time, money, mind and health managementbrFound you today and so glad that my finance management knowledge are in safe hands
Comment from : @MedKid15

Just got my first credit card at the age of 24 been using it for two months now, will be following your advice to the T this is something no one tells you Appreciate your videos keep it up!
Comment from : @Moises_fx

As soon as my 2024 Tax return deposits into my account, im paying off my cc 100 off, use it for gas each month, and pay that off like 60 a month should build my credit in a full year
Comment from : @Theorangecrushgamer

for a second I thought this guy and the ER guy in tiktok are the same
Comment from : @hikurosan1550

Can I use for little stuff like gas
Comment from : @keenanboone

Do all cards have an automated pay in full feature?
Comment from : @bravotrades5614

What about my case? I work as a Mechanic and need to buy tools I applied with the Home Depot Credit Card Started at 500$ credit limit, its at 2200$ today My main reason I got it is because of its Financing Recently bought tools worth around 1500$ But got 18 Month financing to pay with 0 interest Im down to 800$ and still got another 11 Months to go I've been paying 100$ every month instead of the minimum of 27$ Am I on the right track? Or did i make a mistake getting the home depot credit card? PS the 1500$ purchase was the third time I bought using the credit card and every time I bought something I got either the 6 month financing offer, or in the case of this major purchase I got 18 months, so I guess I always get that offer depending on the purchase value
Comment from : @divinechamp3057

I literally pay Credit card a day after I made the swipe Is that good? or
Comment from : @nikyabodigital

I don’t have br30,000 limit or more brbrI’m just getting on the boat I have only paid in cash in past brbrI spent 40,000 on first class tickets to Italy 🇮🇹 for 6 people for April - May All cash brSo it be nice if I can get points
Comment from : @coziii1829

Hi, hope you notice and answer back You said that never closed the first credit card issued by the bank What if the bank issued me 2 credit cards? The first was Mastercard and months after issued the same basic card but a Visa I am planning to use a Visa, especially for gas payments because of the bigger discount per liter compared to Mastercard Is it wise to close the first (Mastercard) credit card and retain the second (Visa) credit card? Both cards are the same
Comment from : @mderla87

Ok i got creditone and they told me to only make an mininum payment i felt that was wrong my credit score dropped 60 points unexplained hopefully they will remove the bad 60 points
Comment from : @laurenSmith-bf4fc

Thanks for the tips, boss I'll follow this advice all the time
Comment from : @OrgNobody13

In August I owed $5400 in credit cards, I literally saw how much interest I was getting charged Today payed off the remaining amount which was $1400 I feel so relieved!!!!!!
Comment from : @nancy9648

Wow you gave out some good tips and what's funny is, when I first got my first credit card, I used all these tips without knowing it lol I only got a card so I could be able to buy things online as most shops don't take debit cards And because I spent little and on that same time paid it back, I was able to increase my limit super fast and super high Will I need it? Maybe Will I use it all? Probably not lol
Comment from : @Warblaaster

How can i get my firat credit card im 32 now and i still can't understand how to do it I was born with an intellectual developmental delay from lack of oxygen /anpxia to my brain at birth
Comment from : @michelleoconnor1624

Here is the quickest resolution to credit cards…brbrGet a debit card because you’re sure it’s your money and it shows you’re a good saver of money credit cards are trap to put you in debt that’s why they make it so complicated borrowing money should always be look at as bad
Comment from : @876Plug

This is so helpful ! love your videos
Comment from : @mel-bj3ty

Great video I just got the amex platinum and I decided to start focusing more on smarter credit card decisions since I don't actually travel much Yet 😂
Comment from : @LaszloDudas08

The info is really good but 50 credit cards lol? This guy has an obsession with cards
Comment from : @BryanEdwardArmijos

Too late I'm already on that slippery slope
Comment from : @theEdgeCrusher12

Thanks
Comment from : @TheeMan101

I save the most by just not using anything lmao stop shopping brI pay mines off every month
Comment from : @kauigirl808

The one and only mistake is getting one in the first place
Comment from : @ericdraven7857

so if i want to spend more than the 30 utilization rate, should i just get another credit card?
Comment from : @SpaceDoom214

I only got credit card last year because of the no annual fee forever promo Just got my second one from a different bank this year for the same reason
Comment from : @wielsonf

I have a student credit card that has a limit of 1000 This is my oldest credit card But they are not going to increase its credit limit as it is a student one So, should I close it or just have it and get a new one with a bigger limit
Comment from : @chirjotsingh9717

amazing!! thank you sir
Comment from : @RetroDoria

I decided to just go ahead and pay the credit card right now anani had no idea that the payment was due Had I not opened the video I would’ve had my first late payment 🫨
Comment from : @LMFAO_999

I have Chase checking and the Sapphire Preferred, is there a way to auto pay a set amount from Checking to Credit Card before closing date as well as remaining balance on due date? I basically need a strategy to set auto pays so I don’t have to worry about forgetting to make payments on time
Comment from : @LastWonBeats