pay your credit card the right way to avoid turning a $50 purchase into $150 of debt

[@mourassine]

just paid off 15k in credit cards debts i wont lie feels fucking good to see my statements a 0$ now let my credit score sky rocket to the moon

[@kimberleypuddicombe6168]

How did u manage to pay that

[@mourassine]

@@kimberleypuddicombe6168 i sold some shares got the money and paid it off

[@chinito20fam]

If you feel it isnt for you then leave it till you feel mature to have one honestly.. just becuase you have 4k in credit does not mean you freely are able to spend 4k.. IF YOU FINANCIALLY CANT PAY IT OFF IN REALITY and more then anything "WITHIN A MONTH spand. Due date like she explained all transactions should be payed off to be save at least 3-4 days before that due date.. and next closing date is days between your due date and closing date that the bank sees your transactions amd if everything is all payed off "on time" or you wekl be back with negative numbers and month by month interest. Does not matter if its 50 150 200 dollors oay it off that same day as possible or when your able to pay it off that same week.. started off qith 150 bucks to use now 4k within a yr and a few things i have on my own car which well bring me more credit to my name no miss payments ever.

[@Healthylifelex]

Congratulations 🎉

[@mourassine]

@@Healthylifelex thank you

[@2brokenthumbs]

Your explanations are clean. Your added context is perfect and relatable.

[@jasoneno808]

Bad advice! Pay your CC off just before the statement end date. That lowers your credit utilization and raises your score.

[@italyparis6975]

👍🏽

[@nightwing8666]

no it doesnt lol. if u have a 0% intro apr then you can just pay the minimum payment of $40 and your score will not change one bit. even when you are not on the promotional period, its always adviced to just pay off the statement balance before the due date. you dont have to pay the current balance. that negates the who purpose of a credit card. unless you dont earn interest the hit to your credit score due to utilization is temporary and has no memory. before you tell someone else's advice is bad make sure you know what ur talking about...

[@boroqcat]

⁠@@nightwing8666utilization is 35% of the total credit score. Utilization is calculated on the balance as of the *statement* date and not the _payment_ date. As a result, minimizing utilization prior to the statement date will have the best outcome as far as scoring. The due date matters only in terms of standing/late fees with the credit issuer: it has zero relevance as far as credit scoring. Jason’s advice and assessment are both spot on.

[@madelaine3803]

Pay minimum plus add interest.Don't charge.more than your weekly or bi weeks salary. Or pay in full the following month and always on time or use only as an emergency card

[@Doogiehowsy]

Actually… paying it off on time in full can lower your credit score (This doesn’t always happened but it can) because it reports as if you’re not really using the card. They want to see some interest. This happened to many people

[@Linda-ic1il]

I agree that's why I use my debit card so I am not tempted to go overboard.

[@seymorefact4333]

actually if you want to get a great credit score ...pay on the last day when the statement ends. NOT WHEN ITS DUE!

[@bringitdanielle]

Uhg. I’m planning to pay off my 2 credit cards this year because I’m paying 300 to each cc bit interest is 250 🙃. Keep me in your thoughts, y’all

[@MadisonFalcoFoods]

I totally feel this! I have $1000 of payments each month between debts😅 we got this though!! I do stuff on the side of my full time job so I can send lump sums

[@MicoDominiqueNixon]

Why not consolidate the debt with a loan? Credit score will dip slightly for the loan inquiry but will jump the next month because your credit utilization will be between 0-10% also it'll make your interest lower

[@beckypetersen2680]

Hope you are enjoying the stuff you bought

[@bringitdanielle]

Thank you for the advice! I called and asked, they couldn’t. But at least I called

[@bringitdanielle]

Best of luck friend!!

[@wl6279]

meaning get rid of that balance as soon as possible, or that credit card will keep on robbing you. Set a virtual credit limit that you can afford to pay off

[@nielgoh]

the proportion is out of balance

[@chanellyon6671]

Keeping interest payments at or near zero is the key. If you find yourself in a situation with long term credit card debt, doing a balance transfer periodically is a great idea. Making as large of a payment as you can afford during the promotional period and when it ends do another balance transfer. Keep it up until it is paid off. Don't KEEP ACCRUING CREDIT DEBT or it will never be paid off.

[@abelmoreno4836]

Pro tip: only use 10% of your available credit. You are seen as a risky borrower by the bank and it affects your credit score.

[@Mskyraelise]

These comments and this video have further confirmed that I will never use credit cards. It's all just a confusing way to juggle around debt it seems 😩😂

[@Katherine_xs]

Nooo its super easy if you are conscious about money in general, I NEVER EVER go more than 30% of use on my cards but lets be honest I use not even 5% bcz I became frugal and minimalist lately and have 2 cards. There is limits to what u can pay with credit cards so I don't see how people need 15k worth of credit limit unless its a renovating a house situation😂 just trust urself its not that hard

[@rzz9594]

Sometimes credit cards are a necessary evil . If an emergency car repair comes up , you have to rent a car , and low on cash use plastic. Manage the expense of credit cards utilization rate effectively. Keep each card about 30 % utilization rate or less. Pay off high interest cards first . I have 2 new cards 0 % interest they will be paid in 3 months, no interest. 6 cards , 2 completely paid off . $22k total credit available. 790 trans union/ equifax . Never hurts to have credit cards . If you have them use them and pay each card before due date in 28 days . You will become known as a ‘ deadbeat ‘ By the credit card companies. Because they will never make any money off of you .. plus you build credit.

[@nightwing8666]

lol you are missing out on all the cashbacks then.... especially having a cc and paying it off builds credit so that you can get better rates at house and car loans. they should really teach this in school...

[@diytwoincollege7079]

And then you have Amex, which moves the please paid by date up 15 days from the actual end of the statement date.

[@ImKeeday]

Also you should try and pay off 90-95 percent of your balance by your statement due date and then pay off the remaining balance by your due date. This way when it’s reported to the credit bureaus it shows you’re only using 5-10 percent of your total credit per card.

[@jamesorona9726]

Conquer up to 20k credi card debt kzbin.info/www/bejne/jJXZdZ9tj76mpZI

[@Ygtrecey]

I heard you should pay off only about 70% and then pay the rest later.. is that good also or should you stick to 90/95%

[@ImKeeday]

@@Ygtrecey I'm no financial expert, but I try to pay off 90%-95% because then it leaves only 5%-10% of the credit that's reported and lower is generally better. The 70/30 rule is kinda the standard though to my understanding so try both and see how it affects your credit. Most videos and sites I've seen say you should just try to stay below 30% credit utilization that is reported so as long as you pay at least 70% and then the remaining balance afterwards when it's due, you should be good.

[@afiabarnie4350]

​@@ImKeeday😊

[@trev5434]

@@Ygtrecey70% is for the 30% utilization…that’s the standard… but if u really wanna see a jump of your credit score, you’ll keep the utilization under 10%…

[@laariegaming6882]

as an EU person, why let someone else pay then pay them. just pay directly, you can shit on my debitcard, But I have 0 debt, emergency fund, and savings.

[@MadisonFalcoFoods]

Great video!

[@niaz_ahmed]

This should be taught in Middle school

[@stephenmillerPSF]

They are revolving credit loans

[@jbtigxz389]

I just use it for big purchases in a row (bad ik and sometimes till max, very rare, only did it once) and pay $90 very month on the same day till its paid off, then i give it a few months break before i use it again…

[@kimberleypuddicombe6168]

Do u do transfer or pay

[@_youurstrully_]

1k car payment 🤯🤯

[@AA-dq5vh]

Cars aren't cheap. My car was hit by someone and ended it being totaled. Inhadntonget a new car and let me tell you. My heart hurts for my monthly payment

[@jordyt1109]

​@@AA-dq5vh Your insurance didn't provide you with the funds to get a replacement vehicle?

[@BrandonZickefoose2014]

​@@jordyt1109👀

[@alexo82191]

Good point. I do the same. I only spent what I know I can pay in return pay in full. Nicely explained

[@jaimeramirez-zt9dd]

You get a month to pay your purchases which should be paid in full your last month statement balance not your current balance. While the rest of your money should be invested in a savings acoount to gain interest to pay your purchases

[@raiderjedi4160]

She’s pretty af

[@alexndelk]

So the process is you go through the month but stuff with credit card, then on the statement day you see what your total bill is, after seeing the statement you are given a due date that the minimal payment amount has to be paid by. So my question is… do I need to pay off my card through out the whole month before I get my statement or wait until I get my statement then pay off the card in full?

[@charduar6972]

It's illusionary ..it's allowance

[@lackofadvice]

From the payment due date to the closing date, is it best not to use the card until after the closing date?

[@azs_3102]

what does it mean to pay it in full? does it mean pay the whole balance (ex: pay the full $3,179.80)

[@scottb_02]

You pay the statement balance in full, not the current balance. If say your statement balance is $1000, but when you go to pay you see your current balance is $1300, you still only have to pay $1000. The other $300 plus any other charges you put on it before the next statement closes will be due on the next months statement. If you regularly use a card, you will never see it at zero, but as long as you pay the statement balance in full, you will never a cure any interest.

[@rzz9594]

Pretty obvious. Pay off all current balances. Don’t carry a balance . Month to month. 😮

[@kimberleypuddicombe6168]

What happens when u pay balance does it automatically go back to original availability credit limit

[@kimberleypuddicombe6168]

Do I do transfer or pay 😊

[@kimberleypuddicombe6168]

​@@weebly_how do u know when the balance is going down

[@kimberleypuddicombe6168]

So let's just say u got 27000 credit limit and u owe 14000 what happens once u pay off the balance

[@kimberleypuddicombe6168]

At a minimum balance

[@thedanieldrew6695]

So on one of credit cards , my payment date is 16 of the month and closing statement date is 19th of every month . I have setup a recurring payment to pay my statement balance every 16th . Should I keep it that way or pay it full just before the 19th ?

[@safiyasellshomes]

Keep it. It takes typically 2-3 days for payments to clear you want to make payments a few days before the statement closes. I learned the hard way by paying the day before my statement ended😭

[@adrianelias2365]

@@safiyasellshomesSound advice

[@rickmoore52]

Too risky for most people.

[@jeffreylamb8629]

That's not correct, to keep from paying interest you need to pay it off by the statement close date. The due date is generally 25 days after the statement closing date. Be careful

[@everydaygamer7787]

I always pay the current balance not the statement balance

[@scottb_02]

Not necessary, but to each their own.

[@MSDBass]

Credit is such a scam, i thought i was mistaken so i looked up videos. Nah, its def a scam. "only buy what you can afford" no shxt

[@riamu91]

can i use the card after i pay off after the statement date? for example my statement date is July 14 and my due date is gonna be like July 18. but i pay off the card July 13, is it okay to use the card on July 15 onwards?

[@riamu91]

@@stoneyjosephine okay thanks so much. this is my first ever credit card and english not being my first language so everything is kinda confusing haha.thank you!!

[@scottb_02]

If you regularly use a card, it will never be at zero. As long as you keep the statement amount paid off by the statement due date, you will never a cure interest

[@martin4819]

If u don’t already u should work on having a good amount in a savings account. Stuff happens in life and u might find yourself with an unexpected expense where u can’t pay your card off in full. Much better to borrow from yourself than to carry over balances with a 23% APR!

[@sergiyradonezhsky634]

lowkey shadow flexing with 1 card with a 16k limit and 20% int. nice.

[@wack_]

I just pay it every week

[@G20T]

You should pay it in full by the end of the month if you pay it individual payments you’ll hit fee

[@wack_]

@@G20T I never get any fees

[@isamartoledo854]

@@G20Tthis isn’t true, u don’t get a fee by making weekly payments. As long as u pay off ur balance. This is better to check ur bank frequently and not miss a payment and utilization rate appears lower on credit report

[@ChristiesArts]

Hmm.... I don't get 21 days after due date for the closing date like that. What if your statement show you have due date 3 days before closing date? Like example, due date on May 3 and closing date on May 6.

[@Mr.Milk_Chocolate]

Don’t worry about due date, leave 3% balance 2 days before statement closing date. Then pay remainder 3% 2 days after statement closing date to boost credit. Paying 2 days after closing date will cover the payment fr next due date. Then keep repeating

[@ZxanderrR]

Pay most of your balance by the statement closing date, then pay the rest of your balance by the closing date

[@libertarian4323]

Incorrect. Pay in full by the due date and you will pay no interest.

[@gojojuice]

Yes and no. If you've made a large purchase, you will want to pay it down to a low credit utilization rate before the statement closing date. If you have a high utilization, your credit will go down. But you want a little balance in the card and pay it off when your statement comes out because the credit bureau will record that you actually borrowed and paid it back on time.

[@ZxanderrR]

@@libertarian4323 Not incorrect. You don’t pay interest but your credit score is always going down because you credit utilization is really high. Paying 90% of your balance by the statement closing date avoids interest, fees, and high credit utilization. Your credit score won’t go down

[@ZxanderrR]

@@gojojuice any purchase at anytime, you should pay 90% of your balance on the statement closing date. But yes, I should’ve said most

[@hyperpulsion]

Do you pay your bill on the due date or couple days before so it can process? I have a chase freedom rise account and someone had told me to pay it off couple days before so it can process so when the bureau checks the statement it says $0

[@thecapableplanet7885]

That person was referring to the statement closing date the statement closing date is different than the due date as the statement closing date is when the credit card company will send the information of your balances for that month to the credit bureau so if you pay your full balance before that date, it will show a zero balance on your credit report but if you pay only a little bit, it’ll show a lower amount on your report.

[@cosmeticsandpurseswithevelyn]

At $40 a month you wont pay it off with the intetest

[@cosmicentity7093]

I currently have 4 credit cards. My credit is crap because of my poor spending habits. I’ve been paying off student loans and other things. How can I turn my credit score into something I’d be proud of?

[@Katherine_xs]

You need to keep the credit cards. Don't cancel them they will make your credit drop bcz it will look like u don't know what you are doing, you need to use them all a bit, don't let them unused. You need to be careful with inquiries, never miss payments and spend more on debit you are bad with credit.

[@CBearLandkirk6076]

So smart & so pretty ✅️✅️✅️

[@zoelenss9182]

I have $600 between two credit cards. I use both for household things each month. One is a Walmart capital one card and the other is just a regular capital one card. The pay by dates are within 3 days of each other and I pay off both when the first one is due. So by the second pay off date, it’s already paid for. My credit is steady, it’s not going up or down but I want to raise it. How do I do this? 😭

[@zoelenss9182]

I also never have interest in them

[@aisy.visual.hub.0]

What if I pay by the end of every week?

[@Angelheartsyouu91]

Please help me I’m so confused my bill is due on the 17th and my statement is on the 20th how do i report a balance for credit to build credit with out being late I’m so confused please help I’m reporting 0 and it’s hurting my credit not building it thank you so much your video is amazing!! And very helpf

[@phatkat8373]

So long story short I have a $2k credit limit, and I need to spend $1k on a fine. I will have to make multiple payments to pay this off. Meaning I can't pay the full $1k back by the due date. Does my credit drop?

[@thedude2897]

If you're using over 30% of your limit, then yes.

[@naderbeydoun6258]

Do I have to my current balance with my statement balance or is current balance for the next months statement

[@Jimfundercover2]

You’re paying 20% interest? There nothing you can tell about paying off a credit card.

[@chelsea3177]

Except she's not paying 20% interest because she pays off her balance every month...

[@Jimfundercover2]

@@chelsea3177 She has a current balance of $1800. Is she going to pay $1800?

[@ellieynsunza5293]

Do people really need to have this explained to them?

[@happyman42]

You're fine

[@SB0458]

You don’t need credit

[@cheeto1hot]

Pay your credit card weekly and avoid paying any interest. Don't wait to your due date by then you will have earned interest for the credit card company. Be smart with your money and earn points from the credit card companies with out giving them any of your money in the form of interest.

[@eliseg0001]

Paying before the due dates means you avoid interest

[@liltruck2021]

Whats the point of a credit card if your paying it weekly? Thats actually stupid asf and thats coming from a person who was young and did the exact same thing. Learn to budget and pay half 15 days before the due date and 3 days b4 pay it off.

[@eliseg0001]

@@liltruck2021 you still get rewards and cash back and maintain low credit utilization - so there are benefits to having a card even if it’s paid weekly

[@martin4819]

You don’t need to pay a card off weekly to avoid interest…..it’s a lot of extra work, especially if u have multiple cards. U just need to do what the video says and turn on autopay. To pay the statement balance. The only time I might pay weekly is if I’m going to be applying for a loan, to lower my utilization which helps your credit score.

[@ChrisCaledon]

This makes sense. However, not all credit cards are scheduled to print on the same date; in Ontario, Canada.

[@Blace5]

This is what I do! I got 4 CCs (Note: If you could afford to pay more than the Statement Balance just do it. It will help for next month balance.)

[@KyristaLove432]

Girl don’t you know you talking to people who got credit cards because they have no actual form of cash to buys anything 😂😂😂😂😂😂😂😂

[@andrewanderson7912]

This is good

[@nannettegonzalez8776]

Why put it on a credit card? Just pay cash! No reason to have bills if you can afford to buy the item now! If you can’t afford it now , save up for it when you can afford it!!!

[@wontonmin6481]

U pretty and rich ❤

[@piedpiper7051]

Pay 95% of your balance 3 days before your statement closing date then pay the remaining balance after your closing date. Your credit score will increase. The due date is what determines how much if any interest you will pay. But the closing date is when they determine your credit utilization. Low utilization is what will get you a jump in your credit score.

[@alvarohernandez6782]

This is not hopeful what so ever 😂

[@patricktrossbach668]

Who needs a video to say pay off your credit cards. Yeah no shit dude.

[@Alhaitham195]

This is wrong.

[@mattontop2262]

Lol just pay cash. That’s it.

[@shadedwizard8566]

The thing is that if you keep ur interest rate at 0%, then over time you'll get rewards, vouchers and your credit score will rise up, giving u better loan offers for when u rly need it like a house or a car. It's like cash, but if you are smart with it can do A LOT for you

[@haveyouseengeorgehennen]

Why do that when you can get points and cashback with credit cards, just don't be an idiot like half the US population and spend only the money you have

[@scottb_02]

😂 I use it for cashback and free travel! People who just pay cash are suckers imo.

[@christophercampbell3306]

Having a credit card is necessary in some instances. It's not really that simple anymore.

[@justzach832]

Poor people say this

[@Psalms20A21]

🧠

[@frankj9270]

No shit

[@aronvic2627]

You're advice is terrible. You should be aiming to pay off the card every months to keep utilization as close to 0 as possible.

[@chelsea3177]

Some cards don't let you use autopay to pay off the current balance, unfortunately. If your credit limit is high, just paying off the statement balance won't affect your utilization too much. I think it's safer to have it set to autopay than risk forgetting payments. You could always make extra payments or set the autopay to a specific amount if your spending is consistent.

[@Aurumane]

Thank you for not teaching us anything new.

[@Sanitysaint-r2g]

20% apr geez

[@scottb_02]

lol sounds like you don’t understand cc’s! APR doesn’t matter if you pay your statement balance off, you’re never paying that 20%. Four idiots that don’t know how to use credit cards, yeah that 20% would hurt.

[@smoke617]

NO….SHIT! I swear people just make videos so they can make dumb hand gestures and point at things. You didn’t tell anyone anything they didn’t already know.

[@stevenlindsey2056]

I use mine like I would use a debit card. I buy everything with my credit card and pay off the balance every time I get paid. This way I am constantly building credit and if my card becomes compromised it isn't connected directly to my bank account.

[@atniem684]

This is the way

[@r19888]

@@stevenlindsey2056 but doesn’t your debit card have no balance ?

[@monkemode8128]

You can also get some good rewards if you can shop and think. For example, two cards of mine gives 5% in my largest spending category. I just put groceries on one and gas on the other. It's pretty good, when gas is $3 a gallon I get $0.15 off, which is better than a lot of other places and can be combined with other rewards programs at some stores. I never recommend them IRL though unless I really know someone and think they can handle it, because too many people act impulsively or mindlessly with them, same with investments. A good friend of mine lost a few grand because he got scared when it went down... (Buy high, sell low, right?). Basically, it makes sense, but you need to have self control and be mindful of what you're doing with your money.

[@MaureenKarugia]

Am trying to get a credit card with low interest.. any tips?

[@stevenlindsey2056]

@@MaureenKarugia There is no such thing as a low interest credit card. If you pay off the monthly balance you do not have to pay any interest.

[@moonstar7552]

I just paid off 42k in credit card debt. Feels nice to have my money go to my savings instead of interest.

[@Peridot07]

I have about that amount about how long did it take you to pay it all off

[@marywallace2914]

What plan did u use?

[@JacobClement-nc8rg]

@@Peridot07 Unless you're paying 2k a month expect it to last well over 2 years. 1k a month and itll take you 6+ years. This is assuming 20% interest rate. At the standard 29% rate you can't even pay it off with 1k a month. 1.1k a month will take you 10 years. 2k will take you 2.5 years.

[@wevibin375]

​@@Peridot07 how long, would depend on how much money you make

[@shinyeee1709]

Get yourself a high yield savings account if you haven’t already. Make your money pay you back.

[@jennapromitas]

This explanation is great. Really makes you think about the purchase cause $50 really can turn into $150 fast if you’re not careful.

[@DJSliick]

The amount of ppl that can't do this is well into the millions.

[@dominiqueshelton5928]

The statement date is the day you want to pay by to not incur any interest…not the due date. It’s important to note that this date may differ from your due date.

[@TeeRich_]

I don’t think they heard you sis 💯

[@E3litecompany]

I was told to pay it down to a small amount about 10 or 30 dollars at the statement date and then pay the remaining Balance at the due date and it will boost your credit fast.

[@Ziixty]

@@E3litecompanyyes, that way you keep a utilization rate of less than 30% 👊🏽

[@KufLMAO]

No, you pay in full by the due date to avoid interest charges. That’s why it’s called a grace period. Paying it down by the close date is a good idea though because it reduces your utilization and boosts your score. Doesn’t save you anything in interest though

[@Caesar__99]

Facts

[@ZxanderrR]

Pay most of your balance by the statement closing date, not payment due date. Then pay the rest on the payment due date

[@Ziixty]

Yes. But that could also do some harm. Lenders usually want to see some utilization being used on a credit card so that they know you can properly manage and pay a credit card on time. If you have a zero utilization rate then they’re not really seeing much, which is why a lot of people usually have a utilization rate of less than 30% on their card ;)

[@Superwog2.0]

It’s better to pay off on the due date before the closing statement. It helps your credit score up.

[@mhansond2011]

@@Ziixtythis make no sense. Lenders will see that it is being used by the transactions not the balance. Are you referring to other lenders on the credit report? Actually, they don’t care if balance is left. They care more about it being paid off fully and the utilization rate being 0%.

[@Nguyenduc09]

What difference does this make? You’re not paying interests either way but you’ll end paying 3 weeks+ early.

[@kingessy8089]

This

[@kshmrs]

So focus on paying the statement balance by its due date, rather than completely paying off the current balance at the end of the monthly cycle.

[@scottb_02]

Yes, you won’t accumulate any interest this way. Some banks make it easy to see where you’re at with this like Chase. Others make it more difficult, you have to figure it out yourself; US Bank, Capital One

[@Fitmom312]

Paid off by the end of the monthly cycle, which is before the due date anyway. Chase charges you interest if you have a balance as of the end of the monthly cycle, which is usually like two weeks before the due date.

[@nicokelly6453]

If you can, also pay to keep the balance as low as possible even before you pay it in full for the due date. The percent of your credit limit that you’re using when they report to credit bureaus is a major factor in your credit score. So, for example, if you’ve got a $1000 credit limit, they’ll bump up your credit score if, at the time they report to the bureaus, you only have a balance of $10. Whereas if you have a balance of $700 that’ll drop your score, even if you pay in full by the due date every month. If you spend $700 you want to pay off most of that before they report to get a better credit score, even if it’s not the payment due date yet. If you pay each time you spend, to keep your balance as low as possible all the time, not only will it make it harder to use credit for things you can’t afford and get into major debt, but it’ll also help raise your credit score if they see you appear to be using very little of your credit.

[@KufLMAO]

⁠@@scottb_02you wouldn’t pay any interest either way. You should pay off 95% of your current balance on the statement close date, then 100% of the statement balance that remains after that the following day.

[@esco.letsgo]

What credit cards do you guys have? One of mine was 19.5% APR but it didn’t mean anything to me because I’d have one with 24,000% APR. Treat it like a debit.

[@G20T]

You take there money you give back there money then you get free cash back money💀

[@doneropersaud1607]

The right way to tackle debt is first selling your most valuable possession to use towards your debt hence using avalanche method then use the snowball method to pay off remainder if your assets were not enough to cover it all. I sold my pokemon binder plus some old pokemon games to pay off my highest balances then my earning from work to pay off from smallest to largest and now I’m currently 90% debt free….brought my debt from 33k all the way down to only 3500. Huge accomplishment and I did it in three months. Anything is possible if you put your mind to it!

[@portmurphy1]

She's pretty

[@90220]

Beauty and brains❤❤❤❤

[@AlejandraCerda]

I'm Scandinavian and from what I have understood credit cards are way more common in the US than here. You wouldn't be allowed to have a credit limit very high unless you have a very high income, so the banks have the responsibility to not put you in an insane debt. I think most people here use debit cards connected to their salary account, and if you have a credit card most people use it for special occasions, such as going traveling. A lot of credit card has travel insurance and it might be nice to use your credit card for deposits at hotels or things like that. I think there's an issue higher up in the system if a big part of the population is in debt...

[@doubleD1204]

Ok bro I’m slow so basically the minimum payment date is just the date in which you have to pay to avoid a late payment/late fees Then the closing date is usually a few days afterwards that shows the utilization percentage Then the statement due date is the that shows how every many days afterwards Example my August statement shows 08/11/24-09/09/24 and my statement due date is 10/04/24

[@nightwing8666]

also if u have a 0% intro apr then you can just pay the minimum payment of $40 and your score will not change one bit. even when you are not on the promotional period, its always adviced to just pay off just the statement balance before the due date. you dont have to pay the current balance. that negates the who purpose of a credit card. unless you earn interest the hit to your credit score due to utilization is temporary and has no memory.

[@TheBashful0ne]

I pay the cable and phone bill (family plan). Im currently in credit card debt and part of me wants to give up as things keep piling up. My paycheck isn't good enough and I had a health scare that added more cost. Not sure how to go about it

[@twatburger9000]

This is a super helpful explanation for people without the guidance of someone with financial literacy in their lives. You don't know what you don't know until someone tells you! Especially since a lot of credit card marketing makes it appear like credit cards are free loans.

[@caden3ds]

Do this if you want a low credit score

[@MuscleMan500]

She looks good, short hair is usually harder to pull off. Wait what was the video about again?

[@Tell_It_Right]

I had 20k debt on my CC. I sat down one day to go over my finances, and I realized I was paying $200 in interest per month. I realized I was just throwing $200 out the window into the ether. I got to the grind and was able to get it to $0 in 12mnths. It was hard, and I had to sacrifice for 1yr, but I am so glad I paid it off. Barring any medical emergency, I will NEVER run up a CC that high again. Lesson learned!

[@eatnplaytoday]

My parents including older siblings only contact me if they want something from me. I have learned to realize that so… not that they are concerned or truly wondering, it’s just they need something

[@jeremyridge1332]

Nothing new here, this is all common sense concerning credit card use.

[@twatburger9000]

People who don't have financial literacy benefit greatly from basic information like this! If you are raised in a family where credit cards are not used or have been misused, it's understandable to not know this. Nobody starts out knowing this from birth. We all have to learn at some point

[@spiritofchaos58]

@@twatburger9000 Right! I'm just getting into the whole credit card thing, so basic stuff like this is really helpful

[@scottb_02]

Common sense isn’t common place. Most people are idiots w/cc’s and need to follow Dave Ramsey‘s approach. For the rest of us free travel and cashback baby!

[@lnnocentBloomingFIower-fyday1]

I’ve never had credit card debt because I sacrificed my then present self to save my future self (crunch fund)

[@damasta.md.99]

Just wondering if the average american joe would still be sane knowing EU banking structures and payment models, i.e. payments reflected on your CC instantly!!! It's just stupid how US banks like to stretch things to its limit leaving payments pending for 3-5 days. Come visit EU, let your minds be blown! 😅

[@rfernandez1648]

I’d rather keep my past in my past and my future in my future … you can keep the point

[@JonathanBixby-k2h]

WTF? You only have a 16k limit on a business cc!?

[@nariskotchg7598]

People don’t know that? Sheeeesh that can get hella expensive

[@kobiemeggs9333]

Gawd you’re stunning

[@MajorPainYT]

I just payed off $900 in dept man it feels great to see that 0