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7 Deadly Credit Card MISTAKES to Avoid 

Prince of Travel
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As you're embarking on the journey to maximizing credit cards to travel the world, there are some common mistakes that you should avoid.
In this video, I'll share with you seven pitfalls and mistakes to look out for as you're collecting points, from failing to pay your bills on time to messing up the minimum spend - many of which I've personally committed before.
Avoid these mistakes and you'll be well-positioned along the path towards success in Miles & Points!
Read more on Prince of Travel:
- I Sometimes... Miss My Credit Card Payments?! tinyurl.com/25r7yfhk
0:00 Introduction
1:07 Mistake #1: Not Paying Your Bills
3:07 Mistake #2: Letting Points Expire
4:52 Mistake #3: Minimum Spend Struggles
7:44 Mistake #4: Earning Points Without a Strategy
9:18 Mistake #5: Cancelling Cards Prematurely
11:11 Mistake #6: Drawing Attention to Errors
13:00 Mistake #7: Flying Solo
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Опубликовано:

 

7 июл 2024

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Комментарии : 46   
@PrinceofTravel
@PrinceofTravel 2 года назад
Interested in learning all about how to travel the world on points? Join us at The Travel Summit Toronto 2022: The #1 event for elevating your travel! thetravelsummit.com
@lynniep2653
@lynniep2653 2 года назад
these thumbnails just keep getting better!!😂😂😂
@JoeUrbanYYC
@JoeUrbanYYC 2 года назад
I'm paid every two weeks so I've found that instead of trying to keep track of various due dates I just check all my cards every two weeks and pay off anything outstanding.
@Prediculous
@Prediculous 2 года назад
Just set up automatic payments. Never a need to worry when it's all paid automatically
@michaelreid8857
@michaelreid8857 2 года назад
Your actually could be hurting your FICO score, doing this. Keep in mind that the algorithms want to see usage on your cards. Are your cards being reported with zero owing? This is bad, you want at least a few bucks owed! The best way is to keep a small balance right before your statement is generated. So it’s generated with a small amount say $20.00. Then pay it off prior to its due date. Or doing it your way, pay off 98% of the balance each payday. That way your leaving a few bucks on them ( to report to the bureau). While paying so much you should (if your constantly using them), make the payment of 100% each month. Otherwise, get a free on line bank account. Transfer the needed amount to it. Schedule your payments to pay from that account. But do it like I recommend to you here!
@JoeUrbanYYC
@JoeUrbanYYC 2 года назад
@@michaelreid8857 I use the cards constantly so there's always at least something owing at the end of each statement.
@michaelreid8857
@michaelreid8857 2 года назад
@@JoeUrbanYYC ok that’s good. But try paying them off to NEAR ZERO, a few days prior to your statement generation date. The lower (percentage wise) that’s reported, the higher your score will be!
@dayapo5132
@dayapo5132 2 года назад
I pay 10 days ahead of all accounts
@LightningDMinecrftS
@LightningDMinecrftS 11 месяцев назад
Prince Of travel is the reason i know what to do with my credit card! thank you for the very informative videos!
@tofuprogrammer
@tofuprogrammer 2 года назад
Love the nod to Bob Ross at 12:48
@natalee6654
@natalee6654 2 года назад
One of my cards gave me double the welcome points and two of my other cards gave me the welcome bonus even though I had the cards the year before, I wasn't expecting the points but I'm happy to have them since I have other products at that bank, I plan stay with the cards anyway. 😊
@reynaldomisa9676
@reynaldomisa9676 2 года назад
Got approved on the edge so you got your referral and I got my extra 10k MR points THANKS !
@PrinceofTravel
@PrinceofTravel 2 года назад
Cheers
@peggylee2471
@peggylee2471 Год назад
I remember Capital One would not let me just switch to another card, they asked me to cancel the one I have and apply for the one I want instead.
@inz1234
@inz1234 Год назад
Had the same experience with capital one a few days ago
@Christian-si6no
@Christian-si6no 2 года назад
Love the video! Do you know any Canadian credit cards that earn rewards/cashback on concert tickets? I spend a lot of money on ticketmaster buying concert tickets. The US has some crazy ones but I couldn't find one for Canada. Let me know!
@mastershackgroup5331
@mastershackgroup5331 2 года назад
Nice video
@PrinceofTravel
@PrinceofTravel 2 года назад
Thanks a lot!
@AllBoutMoney
@AllBoutMoney 2 года назад
LOL nice thumbnail bro!
@jf3028
@jf3028 2 года назад
😂😂
@ProfitWolf1
@ProfitWolf1 2 года назад
God tier thumbnail
@vibhorjain
@vibhorjain 2 года назад
I have followed all the credit card rules but still bad at earning points! How does everyone avoid paying the aeroplan reserve annual fees? I don’t have the guts to even apply that heavy fee card.
@mblakeborough
@mblakeborough 2 года назад
That's for the information. Any summary or updatebof the Septb25th even. I know when you had a life chat on yourube with the aircanada workers in charge of aeroplan etc. One person talked about covid testing problem, pricing and inconsistencies. And they will be bringoling out something in next few weeks. And update?
@denvermarvelous5308
@denvermarvelous5308 2 года назад
I upgraded my rbc signature cc to the west jet rbc ellite and they didn't give me the sign up bonus for it when i had the rbc signature card for more than 8 years ... do you think if I call them they will give me the sign up bonus ?
@jackiemacdonald7919
@jackiemacdonald7919 2 года назад
Just got my interest forgiven for forgetting to pay for 1 day. Thanks for suggesting to ask!
@jva9sfu
@jva9sfu 2 года назад
what if I don't get any use out of the card, but it is a no annual fee. Should I keep the credit still on file ? Not trying to have an absurd amount of credit lines, especially for some credit on some cards I won't ever ever use.
@michaelreid8857
@michaelreid8857 2 года назад
Keep them open and use them once a month at the self service checkout for a small item. Pay it off AFTER you get your statement. If you really don’t want them. Do as I suggest. Then close one of them each 8-9 months. Starting with your lowest credit limit card!
@jasonscarrotts577
@jasonscarrotts577 2 года назад
Another great video Ricky...looking to move on from my Amex Aeroplan Reserve as work travel as still not happening and isn't going to start anytime soon...was going to move down to the Cobalt...will I be eligible for a welcome bonus or does Amex not allow that? Thanks
@antfo9226
@antfo9226 2 года назад
Has anyone gotten the Amex Cobalt bonus twice?
@nancybaughman1197
@nancybaughman1197 2 года назад
Very nice ✿✿✿ 💎💪🏽😉
@PrinceofTravel
@PrinceofTravel 2 года назад
Cheers
@Screlon
@Screlon 2 года назад
This thumbnail LOL
@Bokimon
@Bokimon 2 года назад
What is the thumbnail pics based off of? Another music video?
@PrinceofTravel
@PrinceofTravel 2 года назад
Sugar honeycombs
@d3kingg387
@d3kingg387 2 года назад
Waddup Prince. Any epic hotel stays in the works ?
@PrinceofTravel
@PrinceofTravel 2 года назад
VERY exciting one coming up in November ✌🏼
@afzalshaikh2128
@afzalshaikh2128 2 года назад
I know longer fly solo, thanks to Prince of travel 😀
@kottmeier
@kottmeier 2 года назад
Good video but calling these "deadly" is an eye roller. 🙄
@lucky247365
@lucky247365 2 года назад
The guy at the 8 minute mark is hilarious 🤣🤣🤣
@moneyness1
@moneyness1 2 года назад
so squid game?
@legen-dary
@legen-dary 2 года назад
Wtf is that hair😂🤣🤣
@JeffCD77
@JeffCD77 2 года назад
I really get tired of hearing that you MUST pay off your credit card balance every month. Is it ideal, of course it is, but not everyone can afford to do that. There is nothing wrong with carrying a revolving balance if you manage it responsibly (ie., paying more than the minimum, paying on time and not getting in over your head). Debt doesn't need to be a scary thing.
@dougpatterson7494
@dougpatterson7494 Год назад
I would reccomend having a line of credit as a backup. If you aren't able to pay off your credit card in full with cash paying it off from a line of credit is a good option. Interest will be less leaving you with more money to pay off your debts.
@Dynamics416
@Dynamics416 Год назад
Can you be my friend in relation to Mistake #7? @PrinceOfTravel
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