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Before applying for a credit card, it's essential to know what to include and what to avoid on your application. In this video, Nam discusses the common pitfalls that can lead to denial, drawing from personal experience with multiple credit cards. He emphasizes that honesty is crucial—never lie on your applications, as it can have serious repercussions. The application process is designed for lenders to assess your risk level, so understanding this aspect is vital. To stay informed on personal finance and credit, viewers are encouraged to subscribe to the channel for future content.