So in this video im going to cover 7 things you should never do with your credit to avoid getting into huge trouble. Now I have had a credit card for around 4 years now and I made some mistakes along the way.

7 things you should never do with a credit card
1. Never Close an account without an annual fee
Example with amazon
Barclaycard

2. Buy things you don’t need to build credit ( not necessary, more like an excuse)

3. Cosigned a credit card with a friend or partner to help with their credit
rules are different, and sometimes the only spouse can help you
if that person goes a little crazy, then you would be responsible for it
Example: I had a client once that bought all the furniture for his then now friend, and she stopped paying the bills, and he went into collections.
Get the credit line in cash from them

4. Never pay a credit card with another card ( habit)
don’t balance transfer and do manufacture spending

5. Forget and old card and not Keep old card active ( by adding a small bill and setting it on autopay)
I lose track of certain credit cards, and if I don’t use them, they close the account down after a few months of no use.
Could hurt your credit Score

6. Carry a balance (bad Sign of overspending)
you can afford to pay the balance in full
example with interest

7. Max out a Credit Card
It’ll help your utilization and if you're after a high score this is not the best idea

Bonus: Set cards on auto payments
Be smart with cash advances

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