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Before applying for a credit card, it's crucial to understand what to include and what to avoid on your application to prevent denial. In this video, the host, Nam, emphasizes the importance of being cautious and not lying on credit applications, as this carries risks. The application plays a significant role in helping lenders assess your risk level, whether for a credit card, loan, or other financial products. For those navigating personal finance and credit, the video serves as a guide to effectively completing credit applications. Viewers are encouraged to subscribe to the channel for more insights on finance and credit management.