Understanding Credit Cards | How to Read Your CC Statement

Welcome to the first video in my "Beginner’s Guide to Credit Cards" series! This is your ultimate resource for understanding and mastering the world of credit cards! This series is designed to give you all the knowledge you need to make informed decisions and use credit cards to your advantage.

This video is about credit card basics. Learn what credit cards are, how they work, and how to read your credit card statement. Credit cards can be a powerful tool in your financial arsenal (more on that later) but let's take a few steps back and start with the basics.

This is for first-time credit card users, students and young adults, or anyone looking to improve their financial literacy. Hopefully this video will help you build a strong financial foundation, which will lead you to making smart financial choices.

Subscribe, hit the notification bell, and join our community of savvy financial learners. Leave your questions and comments below each video, and let’s embark on this journey to financial literacy together!

• TIME CODES •
0:22 - What is a credit card?
2:22 - How to read your credit card statement
2:58 - APR
3:52 - Credit Limit
5:57 - Billing cycle
6:07 - Payment due date
6:30 - Statement balance
7:17 - Minimum payments due


• VIDEO MENTIONS •
BILT - the credit card for renters (more about this in ep 5): https://bit.ly/3x4AR0J
Credit card and HYSA recommendations (more about this in ep 4): https://bit.ly/3RdWIJU

GRAPHICS: Alyssa Raymundo:   / littlesydneydesignstudio  


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