Credit Cards - What You Should Know

[2:19] he importance of your credit score
Everyone wants to know if you have a good credit score
Credit runs everything when you’re an adult
Everyone seems interested in what your number is
There are ways to fix your credit

[3:30] Why you need a credit card yesterday
Crucial for everything and gives you the ability to manage your money better
You need to pay off your credit card in full each month
It’s very easy to spend “invisible money”
You want to have as many credit cards for as long as possible
Don’t close your credit cards even if you’re not using them!
You want to have lots of accounts open for as long as possible

[5:24] How to manage your credit card
Pay off your balance in full every month- avoid interest!
Everything else will have interest
Tons of credit card companies draw you in with good incentives
Always keep your accounts open
You can use your credit card to finance things, just make such you have a big available balance

[7:17] Credit card gaming/ travel hacking
You can travel for free if you spend and get points on the right points programs

[9:18] What happens when you’re late
Always make sure you pay on time! ALWAYS!
At least make the minimum payment so you’re in a good place with your creditors
A great way to make sure you pay it is autopay!