TOP 6 Beginner Credit Card Mistakes to AVOID in 2025

[@Crownfire36]

great video Jay! ive learned a thing or two :)

[@FinancialJay]

Glad to hear it!

[@Mjsaxo1]

Hey Jay I am new to the credit card game and have one big question I can’t find a clear answer to: If I have a card with a $1000 credit limit and I spend 30% then pay the balance and then spend on it more and pay it completely off before the statement close date, does that count as a credit utilization of 30%, more than 30% or 0%?

[@FinancialJay]

That’s a great question! This is actually part of the next video that is coming out. But it depends it should come out to 0% utilizations. Some companies report more than once a month so there is a chance it could show up as 30% but that’s not super common. So to answer your question if your balance owed is $0 on your statement closing date then you should have a 0% utilization.

[@Mjsaxo1]

@ thank you, this makes sense!