10 Credit Card MISTAKES To Avoid As A Beginner

Learn how to use a credit card the RIGHT way by learning the Top 10 Mistakes to AVOID! Once you use credit cards responsibly, they can be a great financial tool to help you manage money. Click “Show More” to see Ad Disclosure, links, and additional information below.

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If you’ve ever wanted to travel the world for free (or close to it) or earn extra money to pay your monthly bills or invest into the stock market / other asset classes, then credit cards can be a really helpful financial tool. From the travel points and miles you can earn through some of the best credit card signup bonuses, to the ongoing cash back rewards from buying things you regularly buy, credit card rewards can be a fun way to supplement your income.

However, credit cards are neither good nor bad.

They’re simply a neutral financial tool that CAN be good or CAN be bad based on HOW you use them.

For that reason, once you’ve become a financially responsible individual by learning sound practices, then you’ll understand how credit cards can be used to your advantage.

In this video we’ll explore 10 HUGE MISTAKES that credit card beginners make so you can avoid them as you start your journey (and therefore increase your credit score faster, qualify for the best rates on a big purchase like a house or car, earn rewards, and more)!

Also, there are a lot of credit cards that are really popular (like the Amex Gold Card and the Chase Sapphire Preferred card). It’s true, they can be great for the right people, but that doesn’t mean they’re the right credit card for you.

That’s why it’s important to apply for the right credit cards based on where you are in your credit journey and also based on what you value / what your goals are.

Watch this video, educate yourself, and learn how to win with money and credit cards!

Here are my Top 10 Credit Card MISTAKES:
1. Using credit cards the wrong way
2. Applying for the wrong credit cards
3. Not understanding how credit cards work
4. Not understanding your credit card statement (i.e. your credit card bill)
5. Carrying a balance from month to month
6. Applying for credit cards too frequently
7. Not knowing when to pay your credit card bill (and paying interest)
8. Using a lot of your credit card limit (or maxing it out)
9. Missing a sign up bonus
10. Spending more than you’d normally spend

🎬 MORE CREDIT CARD VIDEOS

🔹CREDIT CARDS 101: When To Pay Credit Card Bill To Increase Credit Score
https://youtu.be/BtIwGldr9rY

🔹CREDIT CARDS 101: Credit Card Statement Explained
https://youtu.be/673wTGi78ts

🔹CREDIT CARDS 101: Does Closing a Credit Card Hurt Your Credit Score?
https://youtu.be/UcWqixdQk30

🔹CREDIT CARDS 101: How Often To Apply For Credit Cards
https://youtu.be/2p7egp0iz9M

🔹CREDIT CARDS 101: How To Use Credit Cards To Build Credit
https://youtu.be/nMJwmeWptVQ

Disclosure: This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Mark Reese is not a financial advisor.

#creditcards101 #creditcardsforbeginners #creditcards