7 Beginner Credit Card Mistakes to Avoid

Рет қаралды 3,581

Күн бұрын

I'll go over common credit card mistakes that you need to avoid in order to save money and get the most out of your credit card rewards. Some of these mistakes cover credit card general practices that sometimes can be overlooked. It's better to be safe than sorry, so make sure you have all of your bases covered when it comes to these credit card mistakes.
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TIMESTAMPS:
0:00 Introduction
0:34 Not Doing Your Research
3:15 Having Too Many Credit Cards
5:43 Not Using Your Credit Card Rewards
7:30 Falling for 0% APR Offers
9:00 Paying the Minimum Payment
10:15 Credit Utilization
12:15 Using the Wrong Credit Card
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Chase Yokoyama is not a financial advisor and this is not financial advice. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
#creditcard #creditcardmistakes #creditcards

Пікірлер: 30

@AnthonyVenture 8 ай бұрын

Loving the new setup! And I love this discussion, always need these checks and balances to any system, but surely for the credit card community too! Nice Chase!

@ChaseYokoyama 8 ай бұрын

Thank you Anthony! 🙏🏼

@DanielTPeace 8 ай бұрын

Lots of good points and strategies outlined in this video. Truly solid.

@ChaseYokoyama 8 ай бұрын

🙏🏼 thank you!

@DugrozReports 8 ай бұрын

I’m feeling like I’m maxed on the number of cards I can manage without getting stressed. Good discussions!

@ChaseYokoyama 8 ай бұрын

I have a feeling that I will hit that soon. YOU"RE NOT ALONE 😅

@MikeMaye 8 ай бұрын

I have 11 cards and I think maximizing the Benefits & Credits I fumble with sometimes. I think its so easy to get caught up in the credit card game chasing welcome offers and could end up with cards that has no utility in the long run.. Great topic and vid Chase💥

@ChaseYokoyama 8 ай бұрын

Totally agree! Biting off more than you can chew in a sense.

@Thecreditcardconnection 8 ай бұрын

I love how you put this altogether! My favorite point was having too many cards! Trust me, I question myself about this all of the time! Thank you so much Chase! I really appreciate it!

@ChaseYokoyama 8 ай бұрын

That is a relatable problem I have as well. ..... yet here we are getting more and more cards lol

@Thecreditcardconnection 8 ай бұрын

@@ChaseYokoyama it’s an addiction! Lol. I’m working on finishing the spend for the Business Gold, Ink Preferred and United Business. But I’m already looking for the next one. Please help me! Lol

@ajxxi 7 ай бұрын

If you don't mind, what camera are you using?

@ChaseYokoyama 7 ай бұрын

its the Canon R6 mark 2, with the RF 15-35mm f/2.8 lens

@OfficialChadsMoneyMinutes 8 ай бұрын

First in the house!!! Shoots!

@ChaseYokoyama 8 ай бұрын

yooooo thank you Chad! 🤙🏼 Shootz!

@ChaseYokoyama 8 ай бұрын

Have you made a mistake that I didn't talk about it in this video?

@middlechamber3574 8 ай бұрын

This was outstanding. The Point system is a trap for people who don't manage their credit cards well or efficiently. When I figured out how much I had to spend to build the minimum amount of points for a benefit, the hustle simply made no sense. It also made me stop applying for cards...the thrill was gone.🤨🤨

@ChaseYokoyama 8 ай бұрын

Still beats paying in cash. But yes, chasing after cards and points can be a hustle

@raymondberry2691 8 ай бұрын

😅nice Exploding Kittens game to use for your examples. Love that game!!!!❤ BTW the advice was spot on. Thanks!

@ChaseYokoyama 8 ай бұрын

hahha glad you liked it! exploding kittens is really fun. have you played with the expansion pack as well?

@De_Guatemala 8 ай бұрын

In June I cancelled my CSR 48 months after opening it. I should have waited 48 months after receiving the sign up bonus. Chase denied me 3 times, until last week, when I hit the 48 month.

@ChaseYokoyama 8 ай бұрын

ooooo ya thats a good catch. next time you switch to the other Sapphire card again at least you'll know.