TOP Beginner Credit Card Mistakes to AVOID

#creditcards

These are the top credit card mistakes to avoid as a beginner.

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[LifeBackend]

It's crazy how much money you waste by just using a credit card incorrectly... BUT it is even crazier how much money you can make by using a credit card correctly

[barttfisher]

America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun...

[jademaldonado]

I don’t think you even understand how helpful these videos are to those of us who had parents that never taught us about any of this. I appreciate these videos more than you could know!!!

[hothotheat]

The only thing I disagree with is automated payments. Automating payments makes people take their hands off the wheel, so to speak, in terms of reviewing their statements and seeing what they are spending on. Please review your statements and see your spending habits. Look at where your money is going and see if you can reduce spending elsewhere. Make sure that there’s nothing fraudulent in there.

[EthanPatrick_CreditCards]

One mistake I think a lot of beginners make is being afraid of holding multiple cards. There’s nothing wrong with having more than 5 cards. You arguably get more benefits to having multiple card.

The only real downside is managing them, but if you have all or some cards with the same issuer, this isn’t much of a hassle.

[orangemc]

As a 21 year old trying to crack the code that is this game, people like you are INVALUABLE. Genuinely, thank you. I would have the hardest time without your aid.

[mattmcnamara]

I love how you not only stated the mistake but also a solution! You have been extremely helpful in my credit journey! Thank you!!

[IrvinTimeBW]

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!

[CreditFly]

It's always appreciated to learn the fundamentals especially for credit card beginners. Credit can be a double-edged sword; it can be a benefit for people who know how to use it but devastating for those who don't. It's important to being able to handle your finances responsibly. Keep up the good work.

[negativeproxy]

I use my credit card for certain monthly bills (groceries, gas, subscriptions, etc.) and pay it off every paycheck. I've never been charged interest.

[Dragon-Eyed]

As someone who’s been through a lot of trouble getting my info figured out, and finally able to start building credit. This video has been very informal on precautions taken with owning one so thank you very much

[johnsfinancetips]

What are some mistakes you may have made early in your credit card journey?

[OrgNobody]

Thanks for the tips, boss. I'll follow this advice all the time

[EHLAiNEEE]

Thank you so much!! This is very very helpful.

Love from Philippines!

[Tiyaz_garden]

Thank, very informative and very well explained!! Thank you. Don't think the banks would actually sit down and explain in detail all those points. Thank you very much!!!

[dawdyand]

Thanks for recording this Brandon! Very useful!
Mahmoud

[CaineL]

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

[JohnPaul-olzl]

Overall, good video. I would just highly recommend adding the Importance of Only getting a credit card(s) IF you are very disciplined with spending. You mentioned this some, but i would Emphasize it at the very beginning and end of the video.

[boomtothesooner]

Very informative. I have three credit cards. One I rarely use, and it's only there to feel safe in case of an emergency. Never needed it for an emergency yet, but it's nice knowing it's there.

[druidsongevergreens]

I would love a video on credit card types for their best uses. Or a series of videos on this thanks