How Anyone Can Become A Credit Card Master (feat.

[@thefinancialdiet]

On November 10th, Yanely will host a workshop with us that's all about building and repairing your credit score. We hope you can join us: bit.ly/TFDSTUDIO8!

[@Married2Zach]

1. Understand the credit card's purpose (0:47) 2. Know how it works (3:11) 3. Take full advantage of rewards (6:41) 4. What not to do with your credit card (8:17) Recommend watching the full video, there is a lot of detailed information on these points.

[@nieveespinal3404]

amazing!!!

[@daisyafterhours]

I LOVE CHELSEA, but it’s also SO NICE to see someone who looks like me on this channel 😌✊🏽

[@willardSpirit]

One way to improve credit utilization: ask for a higher credit limit AND keep your spending normal/ less

[@mesomemore97]

I'm 60 plus years old. NEVER had a late payment on anything. Never had what would be considered a lot of money. Have about as high a credit score as the chart goes. Refuse to allow any auto draft out of my checking account. It's a mind set. Work. Pay your bills. Do not over spend. Simple. One of the most important lessons I learned growing up.

[@derekandlindsey-millionair9562]

Can't be a credit card Master if you are in credit card debt. Like how you said you got to control your swiping because it is not your money. Credit cards are great tools if used correctly. Loved the points you made.

[@the.annethology]

Omg this is my first time seeing Yanely and I love her energy!!! She feels like a sister or a close friend giving me financial advice. ❣️

[@nieveespinal3404]

Yes she is my money sis for sure!!!!

[@happymimmz9305]

She had the BEST sessions at the TFD Digital Summit - she's soooo authentic - we stan

[@thefinancialdiet]

Yanely is so authentic -- we love her! If you haven't already, make sure to follow her on IG @missbehelpful!

[@LoganAllec]

Nice to see Yanely on TFD!

[@catherinebourgault4670]

The reason I got my first credit card was because I wanted the travel insurance it offered. Then 2020 came :')

[@lotsoflove90]

As a teacher in a foreign country her “I managed to pay off debt on only a teacher’s salary” statement really troubles me. Why does America undervalue their teachers so much?

[@investingwithwilliamtherob2834]

I figure out a way to get paid for my grocery shopping, basically getting free money. Each time I go shopping. Up to 14 dollars each day, which pays my grocery bill.

[@MarielaMerino]

I wish I saw this when I was younger and got my first credit card. Super helpful 👏🏻👏🏻👏🏻

[@nieveespinal3404]

omg same

[@thefinancialdiet]

Agreed - teaching young people about credit is so important! - TFD

[@GaonouLo]

Loved this episode on Credit Cards! Can you do one on travel credit cards? Which ones you would recommend and how to get the best travel rewards?

[@viclucy-personalfinanceinv7533]

Great advice about credit cards. No one in my family told me about this and I had to learn it on my own. Also love your hair cut, it looks really good on you!

[@urbusinessbud]

A lot of people need to know this. Glad you shared it Yanely! ❤

[@poodaeddie]

i like the switch up and she knows her stuff. we love to see it

[@lavayuki]

I have 5 cards and got them each for very specific functions, like an amazon one, travel one, air miles one, a rewards one and then my starting platinum one which was with my bank. I tend to use some cards a lot more than others as oppose to using them all equally

[@nieveespinal3404]

OMG OMG it's my FAVORITE everrr - Yanely, you go girl!!!

[@patri_mb]

Please do a list of best cc’s to have 2020 with the best perks

[@happymimmz9305]

ooh yes please @missbehelpful please do this next

[@erinmcaleer1189]

Nerdwallet.com has great lists for credit cards, bank accounts, etc.

[@viclucy-personalfinanceinv7533]

I just made a video on the best beginner credit cards! :)

[@jennyfotang1083]

So happy for this collab!!

[@Vtones25]

So happy to see Yanley again! I have a credit card from a company that is now going bust and they let me know at the end of the month they are closing all accounts. It’s an old card...i’m not closing it out , they are- will this affect my credit score? Thanks

[@donttrustthegnomes]

I love TFD content and I reeeallyyy love that they feature BIPOC women creators like Tasha and Yanely. I now subscribe to both of their channels 💖

[@cherisse1529]

If you owe nothing on any credit cards, never carry a balance, pay off the in card full every month, but use 100% of your credit limit, is your credit utilization rate zero? Is it worth requesting a higher credit limit?

[@alyssakeil5117]

It sounds like you are using up to your credit limit. This would put your credit utilization at 100%, which isn’t recommended. It could be worth trying to raise your credit limit so that your utilization rate goes down. It would be important to keep your spending at the same rate or lower if you can though.

[@cookie_kt]

Great info! Also, love the hair!

[@Pachukuh]

Question: Lets say one month I carried over $500 on my credit card balance, but normally I put $1000 monthly on my card because of expenses (total $1500). I pay exactly $1000 off my credit card bill at the end of the bill cycle, because of this I will still be carrying over $500 balance. Since the initial $500 dollars were technically paid off, do I still get a grace period (no interest charged) since the remaining $500 balance was because of more recent purchases?

[@simonegauthier5907]

Your delivery and personality in this video is so incredible! I was so engaged in the content and it was easy to follow along. :)

[@dummyinblue]

Dang, I use my cc like a loan! Never thought of it that way before, very cool video!

[@listenup987]

Never think of your cc as money you have. It's there to help you build credit.

[@AC-yt4kk]

Great tips! I especially liked the idea of downloading your cc app.

[@nykka3]

Great video! This is like an abbreviated version of credit card mgmt for dummies.

[@dfjulesful]

Just a life tip your local credit union usually has the best loan rates!

[@shaquicedacosta]

AND some unions have agreements to use each other’s ATMs so you’re not paying ATM fees.

[@expertonmyself]

One way I try to least minimize fraudulent activity, is freezing my accounts. I have a few cards, so I freeze the ones I’m not using that month(s).

[@Grushdeva48]

OMG! That was surprisingly loud in the beginning! 😆 Good info though. I got a new channel to follow! 😊

[@Balgees24]

Yep i made that mistake now I'm working paying them off on 2 left

[@nieveespinal3404]

you got this!

[@k40290]

Omg who is this person?! She is awesome!!

[@davidfracz7315]

At least 2020 gave us this collaboration.

[@koleyw932]

Pay off the balance, enjoy the rewards

[@valalava1]

I'm not from the us, I got my first credit card last year and didn't really like, it barely had any benefits and regardless of whether I used it or not they would always charge $13k (COP). I tried following the advice of this channel of basically paying what you spent on the same day but it wouldn't let me! I could only made payments twice a month and that was it >:(

[@scarpfish]

If your primary reason to use a credit card is to get points/miles/rewards then you're doing it wrong. Attitudes like that are why 60% of credit card users are running a balance and why a lot of the remaining 40% are spending on impulse buys. A 7% average rate if return when you invest that money instead of spending it pays way better than any rewards program, esspecially when it compounds.

[@supernova622]

You can earn rewards using a credit card to pay fixed expenses like phone plan

[@BlueberryMom]

I only have my credit card for rewards. I only buy what I already need and can afford. I pay it off in full each month. Then I get free money in the form of rewards and cash back.

[@cindygiesbrecht3146]

Wow! You're hair is awesome! I agree with everything you say

[@koko137591]

🖐🏼 could you cancel the credit card? If so, is there a negative effect by doing that?

[@supernova622]

Closing a credit card account means your available credit drops, thereby increasing your credit utilization

[@erinmcaleer1189]

Anytime you open or close credit cards and loans, it affects your credit score. The longer your accounts have been open, the better. If it is your only card or an older account, try to keep it open. If it is one of your newer accounts, it may actually help to close it. There are credit simulators to see what different actions will do to your score on sites like creditkarma.com and bankrate.com.

[@koko137591]

@@supernova622 thank you! 🙂

[@koko137591]

@@erinmcaleer1189 thanks for the info! 🙂

[@wrenchguy2937]

I think it's just so much work to look up offers and all that jazz for credit cards. Just pay it off. Put your bills on there to make it the easiest.

[@beau-ti-ful5192]

Can you negotiate your credit limit? From 500 to 200. Just curious.

[@myshrm1]

yup you can request them to change to whatever you want, if you want a decrease that should be fine, if you want credit increase they will asses if they want to loan you extra or not :)

[@beau-ti-ful5192]

@@myshrm1 thank you.

[@adrianavaca4469]

i've had a student credit card through college, recently graduated and looking to get a legit one. is there a way to "update" the student one and have it not be considered a new card so my length of credit doesn't take a dip?

[@sixletters9759]

Go on the credit card issuer's website; not the college, but the bank. Look at what other credit cards they offer. Find one you like. Then call the issuer. Ask for your card to be changed to the new one. So long as you are in good standing with them, they should do so.

[@sobertraveler85]

I have a list of AU tradelines guaranteed to report to all 3 credit bureaus and will stay on your credit report for 120 days

[@thali89]

Love love love Yanely!

[@jordanmakesfinancevideos650]

Nice video

[@desertrat5543]

I didn't know an annual fee could be waived!

[@Yellowtable101]

Wow great info

[@sunflowersyndrome]

I disagree with something here. When I opened my first credit card, I used the pay down your balance before statement closing trick too for a couple of months. Then I one day called my credit company to get some education on credit, and they recommended me not to do this. According to my credit card company, even if you pay down your balance to below 30% before your statement closing date, it doesn’t mean that they only look at your end balance. They said they also do look at usage history on the statement in detail to see your habit, and loaners can evaluate if you’re financially responsible and try to live within your means, or if you use credit cards to live outside of your means. Anyway. I’m just repeating words of the the professionals at my credit card company. I am not making up anything.

[@Ciaseea]

I think an important tip to handling credit cards responsibly is to have a reasonable limit that match your income especially early on in your credit card journey. I had a credit card that was $250 and it never got out of hand then I got one while making the same amount for $2,000 and that started a 3-year long detour. Keep in mind $250 is not a lot of money and neither is $2000. If your limit is too high for your income and you happen to max your card it will be very hard to get it paid off until you literally start making more money.

[@Melissa-kq4ss]

I love different POC women on this channel!

[@daisyafterhours]

Every time I watch The Financial Diet I leave inspired to pay some bills 😎

[@Melissa-kq4ss]

Yes Yanely!!!!

[@nycdrummingstar]

Nice job

[@sunflowersyndrome]

No offense, but why does everybody act like teachers get minimum wage or somethin’? 😑 Your grass definitely looks greener to minimum wage workers who work with uncertainty in their job position.

[@Junkyty]

Depends where you live. I live in Canada and teachers here make a lot of money, some six figures, but in the states they get paid a lot less

[@LoganAllec]

@@Junkyty Depends on the state. Sure, *some* teachers make six-figures (USD mind you) in the states and particular in high-cost-of-living-states, but they're definitely an exception rather than the rule. What percent of teachers make six figures in Canada and is that USD or CAD?

[@Junkyty]

@@LoganAllec that's CAD and there's not really a statistic for that because there is a difference between the private school system and public. In the public school system they start around 80k CAD (in my province) per year, in the private system it's more and teachers will get a raise every year and also for every additional qualification they have which is why some can make upwards of six figures (usually low 100's)

[@sticharoo2228]

Hey @loganallec! Great to see you here. TFD is a great brand and Yanely is a wonderful presenter. Lots of good content and presenters to view while you’re expanding your channel in the tax off season.

[@allysophia756]

Inner city schools or rural areas do not make that much, especially when you have massive student loan debt.

[@giancarlopinzon2083]

Wish I could work for TFD

[@MartyD]

Yanely 😍

[@karlalopezm]

After watching this video I just want to pay my credit card debt

[@hunnysweetiebabyangelbun]

How to become a credit master card if you will

[@dianacobian]

Uff like her thanks

[@teralynfletcher8514]

♥️♥️

[@JuneHarriseco]

I normally like TFD's collaboration, but this is drawn out and overcomplicated. Also, her voice is annoying.