Paying A Credit Card Bill (I Wish I Knew THIS)

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Title	:	Paying A Credit Card Bill (I Wish I Knew THIS)
Lasting	:	14.44
Date of publication	:
Views	:	423 rb

So it what you’re saying is pay half before the statement due date so it looks like I’m not using so much of credit limit but not all of it so it shows that I’m actually using my credit and pay the remainder on the payment due date so that I won’t have to any interest on the credit card
Comment from : Madlad805

@13:10 why would a 0 APR credit card be a problem for anyone??? I had two that I used for a big move to buy myself time with covering expenses and paid them down perfectly with zero interest before the promo expired Once the promo expired, it went to the normal average APR for the big banks Not a problem for me
Comment from : g-rock

Autopay can turn into autopay HELL Don't do it Set up alarms, mark your calendar, pay when you get the bill don't do autopay Also if someone gets in my account online I know it was not me because I don't do thatbrCS over 800 and I'm low income, thrifty but not cheap
Comment from : Barbara

Wow it took me a few replays to finally understand it but after that, it is so easy that it's ridiculous! Lol
Comment from : Rob

You done a great job big dawg i got the iphone sauce so fucking lit and it method also work you legit big goat bGOATTEEY11/b
Comment from : Frank Ambriz

Automate your bills
Comment from : S CT

Thank you Sir, really appreciate
Comment from : rene maxime

Sooo How do you pay off your credit card? 😂😂😂
Comment from : Mr Green

Thank you so much for these videos man
Comment from : JakouSelazo

6:22 sorry lemme take the picture one of my credit cards still charged me some interests maybe it's just me not doing it right, but yeah lemme take a screenshot
Comment from : Charu

Thank you for this video and for explaining everything in an easy way 👍🏼
Comment from : nancy Salgado

Hello, I'm rebuilding my credit, I just got a Capital One Quicksilver card with a $300 limit Can I use all of it and just pay it off every month without hurting my credit?
Comment from : Benny Schapero

Do I report low balances on Credit cards prior to statement closing or report $0 balance prior to statement closing?? do they want me to report SOME type of usage on ALL credit cards? Some type of usage on SOME credit cards? Or just none at all? they keep destroying my score while I'm paying them all on time Tried both ways and it's not benefiting me
Comment from : H C

Every highschooler should be learning these things as early in their life as possible
Comment from : JS West

Good 101 for beginners, but the advice on credit utiliazation percentage is flat out wrong You should keep your credit utilization below 30, when possible and that is in aggregate of all your available credit, not under 10 of a particular credit card I use my CC to pay for anything and everything (and for other people too if they just want to pay cash) to maximize points However, I sometimes run up to 50 during peak usage periods once or twice per year and my credit almost always remains over 800 In a perfect world I should open up slightly more credit to keep my utilization lower However, my credit has always been high enough to get the top-tier credit offers whenever I need to purchase/finance something But, he is right, use it like a debit card and pay off, in full every month or you will go into debtwe have all been there and it sucks to pay money for nothibg
Comment from : Brian Murray

Are there people who don't already know this?😂
Comment from : Kim Richardson

Thanks 👍
Comment from : Raymond Ascencio

Wait So pay your credit card before the due date Genius!!!! 14 minutes for basic common sense
Comment from : Erica Erica

Im confused
Comment from : iGnashtys

You talk wayyyyy too fast:) but thanks!
Comment from : PUR3C0UNTRY

Idk if I’m crazy but I feel like I’m being robbed by my CC or maybe I’m a spendthrift
Comment from : Infinite Soul

My payment date is on the 9th of the month My closing date is the 12th I LITERALLY… paid my balance of $738 b4 the closing date My credit score dropped 10pts Was told it dropped because I had a 0 credit usage…WTF😐
Comment from : Lil Earl JR

Dumb question here I need help I have a checking account and going to get a credit card with another bank for their offer To avoid any fees sending wires from accounts, can I just put money upfront into the credit card and have it sitting there like a debit card So every purchase I make gets paid right away Or am I completely wrong?
Comment from : Alex

This info is amazing!😎🔥
Comment from : D M

The lady she gave me 36,000 $ so i can pay it back to get a credit card
Comment from : Azalea Azy

So do you want to have a low utilization on the total credit limit of all your cards combined or on each individual card if that makes sense haha
Comment from : Isaiah Davidson

We missed number 7 Went through it twice just to make sure All good 😁
Comment from : Eddie Adventure

JESUS IS THE WAY, THE TRUTH AND THE LIFE!!! WILL YOU ACCEPT HIM AS YOUR SAVIOR RIGHT NOW!?🙏🏽
Comment from : Word of Life

Im just got my first starter card at age 32 after i got my spending under control, and actually had savings for the first time They gave me 1500 limit so i use only $130 every month I write the amounts on a strip of paper i wrap around the card to keep from using it too much lol Ill always be old fashioned so dont try and change it lol oh and i just keep $1500 in my checking at all times to act as a zero mark The rest to savings(car/ house/home imp) and investments
Comment from : Ronald Kus

even as someone who knows a lot about credit cards, I actually did not know about statement balance being what is used for utilization I always thought it was total debts / credit limit this video was super helpful
Comment from : xyzzy

Came for the financial tips, stayed for the arms and pretty face
Comment from : Kevin Escobar - The Coach Connoisseur

can’t your credit limit go up every month if you ask for it?
Comment from : Ur Mum

QUESTION: Can you pay your balance due too early? Say, I use my credit card, and pay it off the same day? Is that okay? I just got my first card, and really an trying to be careful, and don't know all there is to know
Comment from : howudoin135

He helped me pay off my debt
Comment from : SUPREMEPOWERTRADEonighelpme

Paying your card off each month means, you're only using 30 of the card or keeping the balance low enough so that you can pay it off
Comment from : Pamela Woodard

This is so complicated, I do not understand
Comment from : Debi Gauthier

Important quick question- brIf credit limit is $1,000, if I’m paying my balance every week (or every day) can I spend more than $1,000 per month to maximize my cash back and points brBecause if I focus on credit utilization I can only spend $10-100 a month, which just doesn’t seem like the only way to use a cardbrMy first card comes in today so please respond!
Comment from : Jackson

Talking a little too fast for me to follow Young people today talk as fast as they text😬
Comment from : Linda Stegenga

I'm very confused! If your billing cycle is Nov 29 - Dec 28, you say that all the expenses in between can be taken care off on Jan 25 as Payment due date? So they won't belong to a 25 Dec Payment due date? Could you please explain this detail in particular 🙏🙏
Comment from : Exciting Life

Im trying to figure out if you can pay to early or how long after its posted to your credit card should you pay it and that will still build credit
Comment from : viper39

If you have a late fee, just call the credit card company and explain that you've been a good customer and a one time mistake and it always gets waived
Comment from : Lisa N

Hi this is good advice I had an overpayment on one of my credit cards, when I pay before the due date I hope to keep a limit on all my credit cards Except I pay cash for gasoline, haircut, and to my gardener Wow this really helps I don’t want to have a late payment or go over my budget I don’t like to use credit cards I better stop my retail therapy hope to pay off my 5 big and small credit card bills I do pay in full 👍
Comment from : Amy Yoshikawa

Great information but your DELIVERY was much too FAST Thank you very much for sharing 💯
Comment from : BJ Smith

Does my live “current balance” have to be $0 at the close date to be considered payed in full for the most recent statement?brI mean, what if I have new translations made after statement “A” close date that will be reported on my next statement “B”… if I pay my statement A balance in full before the payment due date, will they look at my current balance on its due date and think it’s NOT paid in full because I have unpaid charges for statement B?
Comment from : Coyote Reed

So what if you pay it all off before the statement date?
Comment from : Cody

Thank you for sharing all these useful informations😊
Comment from : caroline bouey

I've watched a few of your videos now, but this one earned you the sub Definitely the most well explained video on this topic on YouTube!
Comment from : Castro

Pls slow down
Comment from : pc dc

Hey im a beginner in the credit world Can u help me with something regarding credit card Im in a joint account with my brother discover and right now he is working with one of those companies that pays the credit company for him and he pays them In that process he had to stop paying the card and it fuck my credit score Is they’re a way to help my score and that it wot show the late payments?
Comment from : Ian Rodriguez

you talked tooooooooooo fasttttttt
Comment from : Madz Santos

Easy, pay in full
Comment from : Linda Ohia

I make a purchase and normally pay it off within 24 hrs of that purchase Over the years I have reached a 850 credit score Yes it varies somewhat between the 3 big credit scammersoh, sorry, Credit Agencies but not much I have in excess of 11 Credit Cards with an available credit line in excess of $100K I have ZERO balances! Took me a lot of years to learn the game and I still don't understand it totally Part of the credit "game" is to be in debt! Sounds backwards but that is how it works For example I paid off a Truck that had a $497 a month payment and when I did pay it off my Credit Score DROPPED by 15 points Okay so I don't have that monthly payment anymore, I'm LESS in debt but my score dropped Why? Cause I don't have that credit line anymore Less in debt and more available cash Doesn't really make any sense My credit monitoring service sends me Ads daily it seems wanting me to open more Credit lines Really? Okay so if I open another Credit line my score drops In a few months it will go back up, all things being equal and I haven't done something stupid like max out a card But again, they want you to be in debt! So long reply but the take away is PAY off your Credit Card balances asap! DO NOT CARRY A BALANCE!
Comment from : Mr51Caveman

Yeah Philly!
Comment from : Brian Mengini

Awesome vid If u ever wanted to know how to have utilization of 1-3 AND pay NO interest, this breakdown is spot on!!
Comment from : J Taylor

6:14 You’re welcome
Comment from : Joel Parlour

I totally missed the why pay on the 17th of the month Could you please respond here?
Comment from : JeepForFun

This occurred several years ago I always paid my credit card bill in full on the same day every month for years, I got a statement that had a $35 late fee and interest charges I called the credit card company to find out what was going on and they had moved my due date up a week and I hadn't noticed it on the statement We had a "discussion" about it and they waved the extra charges I wonder how many people they did this to and how much money did they make doing this! Hopefully they're not allowed to do this anymore I cut that card up after that
Comment from : D Anderson

It is a game You push it, they lose!
Comment from : Euchre Player

My eyes have glazed over 🙄
Comment from : sfviris

Excellent Embarrasingly, there are factors talked about on this vid that I did not know I'm a highly educated professional with years of a perfect credit score Still, I was unaware of some points until you mentioned them 5hx much
Comment from : Kathy Barnett

Hi, what if there`s no opening/closing date but instead only a due date?
Comment from : Andrzej C

Ive had store credit cards before that cancelled my account because I didn't use the card enough Does that ever happen with bank credit cards?
Comment from : Dean

Because teachers are too busy teaching gender studies and to blame white people for their problems to discuss how to pay bills
Comment from : Scott Rickhoff

that is not false-- a 3 blance changes things-- watch your score updates-- it does matter
Comment from : The Crooked Dog Ranch

Wow! I learned nothing You talk way too fast and could make it a lot more simple Buy AFTER the end date Remember if you owe $1000 and you pay $999 you are still charge $1000 interest on outstanding balance Banks are evil
Comment from : fnnnk north 2000

This was soooooo confusing lol 😂 just me or no?
Comment from : Casey Gardner

Great video but you speak to fast If you could slow it down from your 78 RPM’s to 333 RPM’s speed, it might be way more helpful to the average person your age 👌 Just sayin’
Comment from : Dale Russell

They used to have a thing called double cycle billing to increase what you owed even if you paid in full the previous month Outlawed in the US in 2009
Comment from : bc1969214

Gracias
Comment from : Ana Corona

Man that was a lot to remember can we just pay the card in full and that’s it 😂 like I barley got a secured credit card I’m 20 and I have 200 but I use only 20$ from the card to keep utilization low and I just pay the card in full on the due date some videos I’ve seen said I could use more obviously but for example if I use 50$ I would have to pay 30$ before the due to for the credit ppl to not see a high utilization Idk I’m new to this
Comment from : L C RIVERA LCR

It's not that difficult There is a due date Pay it off in full on that date Period
Comment from : Sharon Tabor

I will never listen
Comment from : Dee Loveli

Well Done !!
Comment from : Kytacomaguy

I think you made this way to complicated
Comment from : ken shaw

I just set up auto pay and don’t even think about it, I’ve never had any problems
Comment from : Deion M

Say for a billing cycle of the 1st to the 30th If I put $500 on say the 15th and paid it on the 16th, do I still get any “points” or help my credit at all?
Comment from : Alan Olvera

I've always payed my credit card bills as soon as they post lol I never hold a balance and yet my credit score in 805 lol
Comment from : Bradley

Is it bad if I pay my statements off weekly? It helps manage finances better personally but if it does damage paying that frequently ill just do it once before the statement closes
Comment from : abliss

Earned a new subscriber!
Comment from : DomskiOKKK

this was very informative and helpful! i love how you chose your words very carefully when explaining that made it 10 times easier to understand you're awesome
Comment from : Akash Vyas

So a few days ago I got my first ever credit card My billing cycle starts/ends on the first of every month I’ve currently used $3182 my limit is $50000 Whenever I sign into the app I can see my balance and I always instantly pay it off Am I doing anything wrong? People are saying I should hold off paying all the way until I receive my first bill
Comment from : Your Boys Gottem

The explanation at 6:14 is when I Subbed this was the best video I’ve seen put together on this and I’ve watched dozens 👏🏾👏🏾👏🏾
Comment from : ABasedTohan

Awesome info!brThank you
Comment from : classical7

Geeez he talks fast but covers a lot so not even mad about it
Comment from : Pirate Dragon

Do you have a video on RESIDUAL INTEREST? I'm having a hard time finding information on this topic and people are confused on why they are STILL being charged interest even after paying the statement balance IN FULL (oh yeahI am "people" :D)
Comment from : bite_size_queen_b