Understanding Credit Cards | How to Read Your CC Statement

Welcome to the first video in my "Beginner’s Guide to Credit Cards" series! This is your ultimate resource for understanding and mastering the world of credit cards! This series is designed to give you all the knowledge you need to make informed decisions and use credit cards to your advantage.

This video is about credit card basics. Learn what credit cards are, how they work, and how to read your credit card statement. Credit cards can be a powerful tool in your financial arsenal (more on that later) but let's take a few steps back and start with the basics.

This is for first-time credit card users, students and young adults, or anyone looking to improve their financial literacy. Hopefully this video will help you build a strong financial foundation, which will lead you to making smart financial choices.

Subscribe, hit the notification bell, and join our community of savvy financial learners. Leave your questions and comments below each video, and let’s embark on this journey to financial literacy together!

• TIME CODES •
0:22 - What is a credit card?
2:22 - How to read your credit card statement
2:58 - APR
3:52 - Credit Limit
5:57 - Billing cycle
6:07 - Payment due date
6:30 - Statement balance
7:17 - Minimum payments due

• VIDEO MENTIONS •

•BUDGET PLANNERS•

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Tik Tok: ajadang

[davidknicks]

Keep doing these type of videos please. You are really good at them!!

[WhatsMyLif]

My first ever credit card just arrived in the mail today and I found your channel while looking for information on how to treat it. Thank you so much for this!!! You've definitely earned a sub!

[ac]

love the new graphics in this video! i'm pretty good at using my credit card but wanted to get a refresher in case there's something i didn't know. thank you for making this series!

[cool-flamingo]

This is sooo good Aja!! I’m a debit card girlie but still loved the educational content. Can’t wait for more people to watch and learn from your series. I’m excited for future episodes 🎉❤

[mochiball]

Love the idea of this series! Looking forward to the content you've got lined up! Especially the usage of points, would love to hear how others maximise their points. Thanks Aja!

[kaitseb]

I’m excited for this series because I’m in my mid twenties and still don’t have one because I never understood it and I wanna do it wisely so can’t wait for the rest of the videos!!

[sullivanwhitely]

Everyone needs to watch this! Aja, your content is amazing and so needed!

[wrenchguy]

Leave these types of videos! Gonna send it to my niece. You make it easy to relate to and simple.

[iamwendychu]

So excited for this series! I am on my debt free journey and starting to chip away years of credit card debt. 🙂 I wish I had these videos in my early 20s.

[evalindell]

Brilliant Aja! Everyone should know what sharks are out there that wants to make money on you borrowing when you can’t afford it! Hard lasson but soo necessary!

[karenpastor]

I love this because I just got a credit card and I am 36 yo. I want to learn how to use the CC responsibly. Thanks, Aja!

[momostudioo]

thank you so much! I'm 20 and have been watching your videos for a while now. I just applied and got my first credit card. They are so scary so I appreciate you sharing this information <3

[kimberlywallace]

I'm so excited for this series! I'm in debt with a credit card and looking for advise on the best way to pay it off the smartest and most efficient way now that I'm able to. Much needed at the right time!

[Josefina_]

I have had mine a few years now and pay what I can and keep my balance under 10% minus when I really needed dental work but I’ve been able to keep it down and my score is really good, however I’m currently unemployed so the longer I go without a job the more I don’t want to use my card even though I keep it steady with only bills.

[katiexiong]

Love love this series! I actually understand everything you’re saying and feel comfortable about it!

[milenatekle]

Hi Aja! I love this video, and I wanted to know if you could do a video in your credit card series on the best credit cards for beginners who haven't had a credit card before. (options that aren't a discover card)

[captainyamiii]

I've been looking forward to this series! I just got my first credit card and need to learn how to use and manage it😅

[hunterandchavy]

Thanks Aja. More and more…credit card when used correctly…we leverage credit for free products or services. When you can buy something at a rate of 0% introductory rate could allow you to invest in your business and be able to pay off your debt before the 0% rate ends. Bottom line use credit cards 💳 wisely instead of impulse

[ctk]

Always pay off your credit card every month!! lol

[leda]

A clarifying question - If you pay less than your statement balance for the April billing cycle, do you accrue interest on just the remainder of the April statement or any purchases you make in May too? Do you have to pay the entire balance of your credit card off in full to stop the interest pain train at that point?