In this video, I’m going to talk about the risks that come with owning a credit card that a lot of people don’t know about.
And these things can end up making your life more difficult than it needs to be, with unwanted fees and negative effects on your credit score.
So I thought I would make this video to try and bring more awareness to the potential risks and pitfalls that are involved with owning a credit card, in the hope that you don’t make these mistakes.
If you find this video helpful I’d really appreciate it if you hit the like button, and if you enjoy the content why not consider subscribing.
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TIMESTAMPS
00:00 Intro
0:35 Closing your credit card too soon
2:06 Other possible implications
2:57 Not utilizing the 0% APR offer of your card
4:38 Only making the minimum required payment each month
5:24 Trying to apply for multiple credit cards at once
6:53 Getting A Cash Advance
7:47 Making Late Payments
8:30 Final thoughts
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AFFILIATE DISCLOSURE: I only recommend products and services I truly believe in. Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase. Commissions earned will be used towards growing and maintaining this YouTube Channel.
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