I'm Opening My First Credit Card...Now What?

Deeper Than Money

Chloe Elise

Finance, Debt, Millennial, Credit, Investing, Saving, Business, Freedom, Mindset, Millionaire, Budget, Money, Loans, Relationships

5 • 803 Ratings

🗓️ 3 October 2022

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode Chloe shares information on what to know before you open your first credit card, or your next credit card if you already have one. She goes over the do’s and don’ts of using credit cards, how to pay it off, and how to strategically use credit cards to raise your credit score. Get a free Credit Karma account here: https://www.creditkarma.com/signup?headline

Transcript

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0:00.0	Hi and welcome to the Deeper Than Money podcast. I am your host, Chloe Elise. I'm a millennial money
0:11.3	coach speaker, dog mom, and a seven on the enneagram, and I am on a mission to prove to you
0:17.1	that finances can be fun and easy. On the Deeper Than Money podcast, we will dive
0:22.6	into all things millennial finance, debt, saving mindset, and how to have financial freedom
0:29.0	to enjoy life in your 20s and 30s. I want you to leave this podcast with more confidence around
0:34.9	your Moolah and the belief that your biggest financial dreams are
0:38.2	possible for you. So let's talk money. Today we're going to be talking podcast. Today we're going to be talking about your first credit card. Let's say you are ready to open up your first credit card and you're saying, but how, but how? What's going on? How do I choose? What are the, the do's and the don'ts in making
1:14.1	that decision? So that is what we're going to talk about today. And if you're someone who,
1:19.3	maybe you already opened up your first credit card, these are just, like if you've already done it,
1:24.7	that's totally fine, but this can be good information for you regardless of maybe going forward things you
1:32.0	want to think about or whatever.
1:33.2	But if you've already made these decisions and you chose something different, this is not
1:37.0	the only way of doing things.
1:39.6	I want to reiterate that.
1:41.0	And if you did it differently, you're not screwed or whatever else.
1:44.8	This is just how to avoid some of the frustrations or confusing things or fees or whatever
1:53.5	else that I often see people make. So here we go. We're going to talk about opening your first
2:00.1	credit card and how to make those decisions
2:03.0	and things to keep in mind okay so if you don't have a credit card right now likely you are using
2:11.0	a debit card to make purchases if you don't have a debit, start there prior to setting up a credit card,
2:19.8	choose what bank you want to go to. I do recommend going to a bank that is, that one,
2:27.0	doesn't have any fees. And number two is more available and readily accessible. I know some people prefer more like small town banks,
	...

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