6 Credit Card MISTAKES To Avoid As A Beginner

In this video, we go over 6 credit card mistakes to avoid for beginners that are just getting started. These credit card mistakes are easy to prevent, but if you are only starting to learn about credit cards for beginners then you might not know what to look for. Hopefully, these credit card tips will be useful!

I know that there is a lot to learn about how to use credit cards the right way, so explain some of that in this video. Maybe you are trying to increase your credit score or maybe you want to learn how to stay out of credit card debt. Either way, these credit card beginner mistakes to know and avoid will help you to get and stay on the right track!

Make sure that you avoid common credit card mistakes such as applying for too many credit cards, maxing out credit cards, 0% APR credit cards, and more! I’ll explain all of these and others and why you should avoid these beginner mistakes in this video.

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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.

[chickennuggets]

0:53 - mistake #1: applying for too many credit cards at once
3:42 - mistake #2: getting the wrong cards, especially early on in your credit card journey
7:06 - mistake #3: maxing out your credit card, mistake #4: not treating your credit card as cash
10:20 - mistake #5: 0% APR offers
12:30 - mistake #6: closing a no-annual fee credit card

[TylerSinden]

I feel like schools should teach about this stuff. So many people aren't educated enough with finance and it ends up screwing them. I've always been the same as you where I basically use my credit card as a debit card. I'll only ever spend money if I have it. Valuable information as always Daniel!

[STARPHASE]

I'm 28 and just applied for my first ever credit cards. YouTube has been my best friend over the last half hour.

[powerhouseboys]

Glad my Mom made me get my first credit card at 18! I’m 21 now and have 3 credit cards now with a monthly limit of 13K between all 3! Has definitely helped my score out a ton.

[josephanderson]

I recommend opening a separate checking account and transferring (at most) 30% of your credit limit into that account every month. Use that account to pay your credit card bills. That way, your credit is essentially backed up in cash, and you won't have to worry about overspending on your primary checking because the money has already been assigned.

[MikeMaye]

I myself was guilty of a few of these when I first started out. My biggest mistake was carrying high balances before I understood about Credit Utilization. I luckily didn't ruin my credit and I'm now in a great place as far as my credit and the cards I have. I hope someone starting out sees this and finds the value in it. This is so great Daniel 🤙🏽

[trexasaurus]

One thing you forgot to mention with the first issue…average age of credit is part of your score. If you’re young and want good credit, you should try to get a card every 4-6 months. That way you can get a lot of cards early and it won’t affect your credit score as much as if you waited longer. If you have one credit card for 5 years, then get a new card, your average credit age is only 2.5 years. Whereas if you get a credit card and get another one within six months, if you keep your first one for 5 years and have had the other card for 4.5 years, the average credit age is 4.75 years. Much better in the long term to apply

[annagarcia]

My dad put me on his credit card when I was 16 and got a summer job. Super grateful.

[forthewin]

Exactly the plan I’m following. Have had my Discovery it card for almost a year now and just applied for the chase freedom flex card and got approved. I’m excited.

[matthewsantoyo]

Thank you so much Danny! I came here for knowledge and you provided! I've been procrastinating credit cards for a while now & this video was broken down to the bone. You really gave all of the information I needed, so thank you once again for your hard work! Cheers.

[JacobKustra]

This is amazing advice everyone needs to listen to! Literally just by following your tips and tricks, people can easily avoid these mistakes which could be costly for their credit score! Great work Daniel!

[NAMERICA]

I myself was a beginner about two years ago. And now watching this video makes me proud that at least I didn't make many mistakes back then 🙂. Very useful content Daniel! 👍 Keep up the good work !

[Kolson]

Fantastic video! Great graphics and examples. Easy to understand and good flow. Thanks! I currently do all these things but had watched many videos and podcasts to get to this general understanding. This video sums it all up nicely

[TheCreditFrog]

These are great tips, especially the one about treating your credit card like cash! That is the most important one IMO since it puts you in the right mindset to use credit cards responsibly.

[MannyCovington]

Love seeing the growth in both video quality and subscribers from you. Great video!

[NorthernNevadaExcursions]

Great video, Daniel.

Early on, I wasn’t tough enough on myself with not using credit space when I didn’t haven’t cash on hand, and I had to pay the consequences for a while.

[salbarbosa]

Great and informative video. Thanks Daniel!

[multiplepassions]

Very informative, straight to the point, subscribed 🙏🔥

[Ennardcakegod]

Thanks for the advice, I just got my discover credit card and I’ll keep information in my head

[orangemc]

This mini-game we're all practically forced to play sucks major ass, but I appreciate that there are people like you trying to help out the new guy. It's much appreciated!