5 Lessons Credit Card Beginners NEED To Learn

In this video, we go over 5 credit card lessons that beginners need to learn! This video covers everything from credit utilization, payment history, how to build your credit score, and how to use your credit cards responsibly when you’re just getting started as a beginner. Click "Show More" to see Ad Disclosure.

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Daniel Braun is not a financial advisor. This video is for entertainment and educational purposes only, it is not financial advice.

[SpencerJohnsonOfficial]

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.

Loving the new set btw. Also, 20k subs is right around the corner! Very well deserved.

[ChaseYokoyama]

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.

[sjg]

#1 rule again - don't charge what you cannot payoff on time each round.

[ThVultur]

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.

[bimmerdude]

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.

[javianjohnson]

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.

[mitchellhorner]

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. 🤓

[kalyiaslife]

Ok so I’m a visual learner and u putting the picture up really instantly helped me kuz I’m not going to lie I didn’t know what u was talking bout but u help a lot dude thanks

[adamn]

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.

[TheMFStudios]

I only use my credit cards for my rent and a bill. It’s on auto payment and I just for get about it. I get the points and the cash back without the head aches.

[willharrison]

This is a fantastic first video for all credit card beginners 💳

[MattWelterOfficial]

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!

[Rishabh-Dev]

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.

[GetOffMyy]

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 💯🤝

[jesusgray]

i just recently got the CSP and i plan to use it like my freedom unlimited where i paid everything on my credit card and would pay it every week or 100% on the due date. i never spend any money i don’t have. so these are necessities or food groceries and only money i know i have and things i can afford while saving money but enjoying some fun times. i have such great control over myself and i created great credit without even knowing for a few years. now im very optimistic to get better

[Rafa-wfex]

I appreciate your honesty gracias daniel

[TylerSinden]

I think for the most part, everyone should be using credit cards as debit cards.

[markplymale]

Such valuable lessons in this video! Excellent content as usual Daniel… 20K coming soon!

[daffaadraghifari]

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?

[zzzarkka]

Your videos have been a huge help. I've been waiting on my Discover It secured carfd for like 3 weeks now. Starting off my credit journey to hopefully travel for nearly free in the future.