5 Credit Card Mistakes To STOP Immediately! (Easy To Fix)

These are 5 of the most common credit card mistakes that almost everyone has made or will make at one point or another in their credit card journey. The first mistake I see people make all the time including myself is applying for too many credit cards, this can lead to outright denials and is a simple mistake to avoid, as the solution it to wait between applications! The second massive mistake to stop making is not setting up your new account with features to work on your credit score, enable autopay, reset your due date to one you can remember, doing this things will help you be prepared in case anything happens in life. The third massive mistake people make it using too much credit or maxing out their cards. With over $1 trillion in credit card debt in the United States in 2024, this is extremely common and also super simple to stop. Mistake number 4 people continually make is getting the wrong cards initially, which then can lead to people having high fee cards they never use and don't gain any value from. Finally, mistake number 5 is closing your cards, unless there is a high annual fee, keeping cards open is a great way to boost your credit over time and there is no harm to keeping them open. Be sure to watch and learn about all these common mistakes and how you can stop making them!

Chapters 🎥
0:00 5 Credit Card Mistakes
0:25 Mistake 1 - Applying For Too Many Cards
2:56 Mistake 2 - Not Setting Up Your Account
4:52 Mistake 3 - Using Too Much Credit
7:18 Mistake 4 - Getting The Wrong Card
9:22 Mistake 5 - Closing Your Cards
10:48 Final Thoughts

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Other Great Videos 💻🎞️
The Credit Card Ladder: https://youtu.be/RvBDVVihmYg
How To Increase Credit Score: https://youtu.be/RUTr0rba8qc
Credit Card Company Rules: https://youtu.be/4zwRpKYI7gU

DISCLAIMER: This video may contain links through which the channel may be provided a commission from card issuers. Do note the content and information presented has not been provided, reviewed, approved or endorsed by any of these entities. At the time of video publishing, the offers mentioned are current, but they may have changed by the time you view the video.Opinions expressed here are the author's alone. I am not a financial advisor. I do not provide tax, legal, or accounting advice. The content presented in this material is solely for entertainment purposes and should not be taken as financial advice. Prior to engaging in any transaction, it is recommended that you consult your own tax, legal, and accounting advisors.

Видео 5 Credit Card Mistakes To STOP Immediately! (Easy To Fix) канала Credit Card Guru