my dad split when I was 12 and my mom was bipolar ,never home, and kicked me out at 17. I never had anyone teach me anything about the real world. I've had to figure it all out on my own, slowly, one step at a time. Thank you for the video. I really appreciate it.
Bro…thank you…I literally just graduated straight out of high school, and there’s been so much going on with these financial issues that I have to deal with. I just feel like high school didn’t even prepare us for these type of situations, but thanks again for making this video.
Same here graduate of 2021 at 19 not even the slightest I thought about opening a credit card bc how scared I was. I’m still doing research and asking questions to understand how in the world I should handle a credit card with full responsibility.
@@kes933 yeah it’s easy asf. You just got to teach yourself in Financial Education credit cards are for small purchases like gas or groceries they are Liabilities and debt cards are for huge purchases like for example a pair shoes that cost $170. Most credit card have a limit of $1000 but be cautious of what you buy and how you spend it don’t go over %10 of that $1000 limit you can set yourself in bad debt. Hope this helped 👍🏽
At 34 yrs old having no credit cuz no one could explain how to use a credit card to me in a way I understood so I never got one. But this video has helped me understand it so clearly. Just gotta look for the best one now.
I'm turning 13 as of the moment and binging videos on how to pay taxes and credit cards and stuff like that just to be prepared as I see alot of adults stressed about it. I love this channel and it gave me piece of mind on stuff like this.
Wow, you are so smart. I wish I would have done what you’re doing when I was your age. Keep it up, seriously. You will be so prepared for adulthood. 👏🏾👏🏾👏🏾
Just turned 18 and can’t wait to set myself up for a good financial future and start building credit Update : got my first college checking with chase, and am at a 702 for my score after 2 months.
I have chase do you think I should open a credit card with them? I trust them and I love how easy it is to use im just nervous with opening a credit account
I refused to even learn about a credit card until my mid-late 20s. My parents are not the most financially intelligent, but they weren’t totally reckless. Still, I watched their credit card debt affect them negatively, and helped them cut the cards up into pieces after declaring bankruptcy when I was 8. I didn’t get my first credit card until I could afford to not NEED one. until 2 weeks ago, 😆 And I’m 32, and checking around every corner, and not using this for anything I don’t buy on a weekly/monthly basis anyway! Thanks for the video!!
This kind of video is EXACTLY what I was hoping to find. Thank you for taking the time to explain these things simply and clearly. I feel much more confidant about applying now. Great video!
Loved the way he explained everything in simple terms and took the time to do so! Usually I get so confused because I dont 100% understand the language these finance videos use but this was great. I feel way more confident to move forward now. Thank you!
I'm about to be 30 and have never had a credit card; even our economics class in HS had a whole half semester lesson on never getting credit cards because they're bad. But when I moved out, I realized you need a credit score to get approved even for apartments and stuff; I got around that bc of my roommate, and still have had trouble understanding credit cards. I tried to apply for chime as the safest option, but they told me I needed to let HR know and have them connected that way, which made me not want to do that bc wtf. This is the first video that actually makes sense to me, so thank you.
i started with this video not having a clue about credit cards and left this video with no question and feeling educated about credit cards thank you so much
I was always told to never pay your credit card in full because that will hurt your credit instead of helping it which I never understood. Everyone that I talked to about credit cards told me to pay it little by little to show that you are responsible enough to pay your card on a schedule. So after watching this I’ve now become very confused.
I've received that same advice. You'll come to learn that it's full of shit. I used to make regular payments for the same reason. As soon as I started always paying in full, it actually went up by quite a bit. When applying for a mortgage they like to see no credit card debt. I don't think forcing yourself to make the payments in smaller portions makes any sense. Prolly some folk tale that started from credit card companies, so they can get some interest lol. What TRULY matters with credit score is that you don't appear to be a financial liability. If you're constantly using and paying off your credit card, that's plenty of evidence for the current credit score system.
Even better, pay it down before the closing date to keep it reported as 1% ~ 6% utilization. YMMV though since some banks process transfers like a snail.
I’m 14 right now and I just know that when im older I will be thankful for the fact that I learned about all of this at my age. trying to make my future self proud lololol
foreign transaction fees are no longer just for those who travel, I have a few services that get charged from overseas that I just can't give up and I'm sure there are others who shop online and get charged from various international companies.
Thanks bro, so many people when asked about credit card overcomplicate things or gives vague answers, some even dodges the question cuz of ridiculous reasons like being ageist, or postulating, or underestimating the value of learning early. I'm over here 20 years old, but these stuff can be taught to 15 year olds, giving them 5 whole years to build up proper credit and actually getting ahead
This was so helpful! I have never had a credit card and I've been terrified of applying because I don't know anything about them and was always told to never get one from my parents growing up. Anytime I;ve gone to a bank to get information, they just tell me what benefits they offer and don't go into detail about what I should know when getting one. Thank you so much for sharing this info.
My partner and I are sitting here after watching that kind of shook lol that was surprisingly informative! We appreciate you so much! Thank you Five Minute Finance! We've liked and subscribed!!
I'm deep in college and have heard horror stories about credit, and pretty much swore it off. (If it's not in my debet account, I don't buy it mentality.) Also those recounts that banks giving out credit cards are akin to a more predatory used car salesman. Thank you for filling in the gaps and relieving some of the anxiety!
I am a first gen immigrant college student so that means I have no parents guide or much help from them on these stuff. Your video have me some help. Thank you!
Wait, so when we buy something using the credit card, how do we pay it back? With our OWN money right? And what about being rejected from even getting a credit card in the first place?
Wow youre articulate and easy to understand! I work at a financial institution and would for sure be grateful to have a banker like you to ask for help! Thank you for having a channel 😊
as someone like many others who has parents that’s struggled/still struggle with financial problems i’ve been trying to learn all i can to not be in their situation
![What Credit Cards You Should Have by AGE [Full Guide]](http://i.ytimg.com/vi/53s0vcO1NVs/mqdefault.jpg)
my dad split when I was 12 and my mom was bipolar ,never home, and kicked me out at 17. I never had anyone teach me anything about the real world. I've had to figure it all out on my own, slowly, one step at a time. Thank you for the video. I really appreciate it.
good on you for figuring things out bro, good luck
Same, we gon get through this
my dad and mom split up at 5 years old 😢
You got this❤️🔥
bot detected
Bro…thank you…I literally just graduated straight out of high school, and there’s been so much going on with these financial issues that I have to deal with. I just feel like high school didn’t even prepare us for these type of situations, but thanks again for making this video.
Yup, they don't really prepare you for stuff like that. they may briefly talk about taxes but never teach you thoroughly about it.
Same here graduate of 2021 at 19 not even the slightest I thought about opening a credit card bc how scared I was. I’m still doing research and asking questions to understand how in the world I should handle a credit card with full responsibility.
@@miguelvazquez7941 figure it out yet?
@@kes933 yeah it’s easy asf. You just got to teach yourself in Financial Education credit cards are for small purchases like gas or groceries they are Liabilities and debt cards are for huge purchases like for example a pair shoes that cost $170. Most credit card have a limit of $1000 but be cautious of what you buy and how you spend it don’t go over %10 of that $1000 limit you can set yourself in bad debt. Hope this helped 👍🏽
@@kes933 once you master in credit cards and have credit look into travel award points for free flights ✈️
At 34 yrs old having no credit cuz no one could explain how to use a credit card to me in a way I understood so I never got one. But this video has helped me understand it so clearly. Just gotta look for the best one now.
Same age. Same situation.
I'm turning 13 as of the moment and binging videos on how to pay taxes and credit cards and stuff like that just to be prepared as I see alot of adults stressed about it. I love this channel and it gave me piece of mind on stuff like this.
Keep thinking like that, you're already ahead of many kids (even adults) if you are thinking about taxes & credit cards at 13.
That’s awesome lil bro keep it up
Wow, you are so smart. I wish I would have done what you’re doing when I was your age. Keep it up, seriously. You will be so prepared for adulthood. 👏🏾👏🏾👏🏾
Smart man!
Troll
This is the most underrated life saving channel
Why is your pfp character head big
Thanks
@@hardjeffrey9543 cause it's flattened to fit
Just turned 18 and can’t wait to set myself up for a good financial future and start building credit
Update : got my first college checking with chase, and am at a 702 for my score after 2 months.
same here
I have chase do you think I should open a credit card with them? I trust them and I love how easy it is to use im just nervous with opening a credit account
@@YasminxRivera yeah I really recommend it. You can set up automatic payments too so you don’t have to worry about ever forgetting to pay it off.
@Shoot you’ll probably need to at least open a checking acc, not sure how you could pay off the card if you don’t have a chase account.
Hi! How were you able to get it that high after 2 months? I’m planning on moving soon in about 6 months and still need to start a card, any tips?
I refused to even learn about a credit card until my mid-late 20s. My parents are not the most financially intelligent, but they weren’t totally reckless. Still, I watched their credit card debt affect them negatively, and helped them cut the cards up into pieces after declaring bankruptcy when I was 8. I didn’t get my first credit card until I could afford to not NEED one. until 2 weeks ago, 😆 And I’m 32, and checking around every corner, and not using this for anything I don’t buy on a weekly/monthly basis anyway! Thanks for the video!!
Dude same
Same here bro
Same!! I'm 29, just got my first card, and I'm literally going to use it for just gas and TP 😅
This kind of video is EXACTLY what I was hoping to find. Thank you for taking the time to explain these things simply and clearly. I feel much more confidant about applying now. Great video!
Loved the way he explained everything in simple terms and took the time to do so! Usually I get so confused because I dont 100% understand the language these finance videos use but this was great. I feel way more confident to move forward now. Thank you!
I'm about to be 30 and have never had a credit card; even our economics class in HS had a whole half semester lesson on never getting credit cards because they're bad. But when I moved out, I realized you need a credit score to get approved even for apartments and stuff; I got around that bc of my roommate, and still have had trouble understanding credit cards. I tried to apply for chime as the safest option, but they told me I needed to let HR know and have them connected that way, which made me not want to do that bc wtf. This is the first video that actually makes sense to me, so thank you.
i started with this video not having a clue about credit cards and left this video with no question and feeling educated about credit cards
thank you so much
Thank you so much!!!🥰I just got my first credit card at 63 years old. I appreciate the time that you took to explain it. God Bless and Thank you🙏🏽
So simple and concise. Thank you for posting this. I used it to help teach a lesson about credit cards to my HS freshmen.
You're the only one who put all the important information in a good list without over talking or mistake. Much appreciated 👌
Coming from a young college-aged kid, you helped me a lot. Thank you, you absolute legend
i thank god for people like you
I was always told to never pay your credit card in full because that will hurt your credit instead of helping it which I never understood. Everyone that I talked to about credit cards told me to pay it little by little to show that you are responsible enough to pay your card on a schedule. So after watching this I’ve now become very confused.
I've received that same advice. You'll come to learn that it's full of shit. I used to make regular payments for the same reason. As soon as I started always paying in full, it actually went up by quite a bit. When applying for a mortgage they like to see no credit card debt. I don't think forcing yourself to make the payments in smaller portions makes any sense. Prolly some folk tale that started from credit card companies, so they can get some interest lol. What TRULY matters with credit score is that you don't appear to be a financial liability. If you're constantly using and paying off your credit card, that's plenty of evidence for the current credit score system.
Even better, pay it down before the closing date to keep it reported as 1% ~ 6% utilization. YMMV though since some banks process transfers like a snail.
Thanks, I'm 22 and am getting my first credit card!
I’m 14 right now and I just know that when im older I will be thankful for the fact that I learned about all of this at my age. trying to make my future self proud lololol
i’ve watched so many videos on yt and this is the only one that explained everything so clearly and nicely. thank you so much xoxo
This was so clear and concise! I'm a beginner and this was incredibly helpful. Thank you so much!
Thank you this was very helpful. Your voice was just the right tone in this intimidating subject
Thank you for explaining this in a way I can understand. Got really tired of parents screaming at me for not understanding their explanation.
This helped me so much! I read my contract and was so confused. Thank you for your simple explanation of everything. 💙
Thank you for giving me an answer no one could
“You pay the interest rate of you don’t pay the credit card in full every month”
THANK YOU
foreign transaction fees are no longer just for those who travel, I have a few services that get charged from overseas that I just can't give up and I'm sure there are others who shop online and get charged from various international companies.
Didn't even think of this, thank you for your comment.
Hey I have no credit and know nothing about credit cards so hopefully your channel goes a long way but still appreciate it
Just finished watching your video, this is incredibly helpful and I feel so blessed after watching it. Thank you so much, you are awesome!!!!
Bro.. I'm 33 yrs old and I never had a credit card .. thanks for vid. your very smart
Same how did you apply for one
I'm 20 and starting to learn about these. Thank you!
oh god, I started it too late.
You did a great job of explaining all the key things I needed to know. I'll be getting my first card soon and needed this. Thank you for this video!
Thanks bro, so many people when asked about credit card overcomplicate things or gives vague answers, some even dodges the question cuz of ridiculous reasons like being ageist, or postulating, or underestimating the value of learning early. I'm over here 20 years old, but these stuff can be taught to 15 year olds, giving them 5 whole years to build up proper credit and actually getting ahead
Best credit card video on youtube. You were so clear and precise. Thank you!
This was the most simple, engaging and informative video I watched on how credit cards work here.
Thank you and i really appreciate your videos.
I watched several videos about credit cards before yours and by far you explained it the best I really appreciate it :)
This was so helpful! I have never had a credit card and I've been terrified of applying because I don't know anything about them and was always told to never get one from my parents growing up. Anytime I;ve gone to a bank to get information, they just tell me what benefits they offer and don't go into detail about what I should know when getting one. Thank you so much for sharing this info.
Thank you for taking the time to make this video. It was a great introduction.
Very clear and informative video, thank you so much
My partner and I are sitting here after watching that kind of shook lol that was surprisingly informative! We appreciate you so much! Thank you Five Minute Finance! We've liked and subscribed!!
This channel is a gem! Subscribed!
Thank you man I’ve had a few people try to explain this to me and I never really got it but you just laid it out and I fully understand now
I'm deep in college and have heard horror stories about credit, and pretty much swore it off. (If it's not in my debet account, I don't buy it mentality.) Also those recounts that banks giving out credit cards are akin to a more predatory used car salesman.
Thank you for filling in the gaps and relieving some of the anxiety!
...This is literally a full course in one small video... Thank you!
omg i’ve been looking for a simple guide like this for a n hour
Thank you!! Everyone else was presenting very complex info
Thank you for making this actually easy to understand for us beginners 😅😃
thank you a lot; you've assisted me better understanding credit cards! STAY GREAT STAY CREATING N GETTING BETTER
Such a great video! You hit every point on the head
this was a great video. straight to the point. keep it up!
This was so helpful and simply explained, thanks!
I wanna cry because you explained this so greatly ❤🥺
I am a first gen immigrant college student so that means I have no parents guide or much help from them on these stuff. Your video have me some help. Thank you!
Great Video! I love that it was simple and strait to the point. Keep making great videos, bro.
Was looking for some basic help and got a full class. Ty, definitely gonna look into all the rates while applying.
I enjoy watching and listening to you. Intelligent young man.
this was a very nice explanation! thank you
Wait, so when we buy something using the credit card, how do we pay it back? With our OWN money right? And what about being rejected from even getting a credit card in the first place?
debit card
Extremely helpful thank you very, very much. Easy on the eye as well 😊
Thank you! I’m turning 18 in a month and I’m so thankful for this video
Thank you! I know nothing, I really appreciate you!
Learned a lot from you.thank you
Great video !!! Helped cleared so much
thank you this helped immensely!! Love the music and how straight to the point you are
Really appreciate hearing this info I'm 19 starting to learn abt credit definitely getting a like🙏
Thank you. This helped a lot with my anxiety of getting my first credit card :)
Great video, all the information that I was looking for in a short easy to understand video. Thank you!
Just what I needed. Thank you!
Very helpful info. Thank you! Simple content that got to the point. You got a new subscriber!
Awesome Video Man really
awesome video! so helpful
Thanks for making this video✌️
Great video, you're really good at this so keep them coming please
I've had Navy Federal Credit Union since 2001, and I'm 24 now.
THANK YOU! This was so helpful
Great instructions! Thank you !
Thank you for the information, though I don't have any plans on getting a credit card(this may change in the future) it's nice to know how to use one.
Good video straight to the point I love it 😊😊😊
well simplified, and subscribed!
Thank you so much ; gave everything thing I needed this guidance is so amazing I’m greatful to have access u hit every spot I needed to know
Thank you for the valuable information👍
Thank you so much short and simple easy to understand video
U are Very helpful and knowledgeable thank you!
thank you for this bro!
Very useful information
Thank you !!!
Thank you so much for this informative vid!
tysm for this fr so helpful
Thank you for your video ❤❤❤
Nice video very helpful to someone who is just learning. Earned my sub keep up the good work!
Very well put together video I listened on my way to the bank to open first card
Fantastic video thank you
Thanks dawg
great video, very informative. thx
Thank you for the information! 👍🏽
thank you! Liked
this video was very helpful
Wow youre articulate and easy to understand! I work at a financial institution and would for sure be grateful to have a banker like you to ask for help! Thank you for having a channel 😊
very helpful, thank you
as someone like many others who has parents that’s struggled/still struggle with financial problems i’ve been trying to learn all i can to not be in their situation
This was really helpful! Thank you!
God tier explanation ty