How Often Should You Apply for a New Credit Card?

[@EarlMcDowellJr]

You just provided a perfect breakdown and analysis as to why someone may want to consider additional credit cards in their portfolio. We are currently living within a Golden Age of Credit Cards, in terms of Rewards and Benefits. Credit Card experts like you are sharing invaluable info to the public, arming viewers with simple yet thorough strategies and options. I rank this as one of your Top 5 videos to date. Keep up the great work Sebby.

[@wshngai]

I typically apply for a new card when I know I have major spending coming up. So for example if I know I will be buying some furniture or appliances, I will first apply for the card with greatest bonus and then make the purchase with the card. This way I am not really forcing myself to spend more than what I need to.

[@AskSebby]

I love this strategy!

[@davidnguyen8579]

what do you fight to jungle

[@nesadcruz7840]

Excellent.

[@WolfvsKioTi]

“This way I am not really forcing myself to spend more than what I need to.” What do you mean? Is it so you aren’t tempted to spend to reach certain bonuses with the cards you already have?

[@eyeyamjstn628]

@@WolfvsKioTi it’s the idea that I’m going to buy furniture anyway, I might as well hit the bonus with this new card and get the extra money

[@workmarktuttle3167]

You are speaking my language, I have been in this game for 5+ years now and applied for almost every card out there. It's nice to see someone else as OCD about applications, churning, planning, and cancellation/downgrading as I am.

[@SomethingProductions]

whats your credit? any tips or advice to add?

[@LaSombraa]

Something Productions just use the damn card and pay off bills normally. It’s so simple.

[@kingalex1425]

cap

[@mela2202]

I am a grad student that does not earn much money, and therefore do not spend much (in comparison to someone already in their career jobs). A trick I do is that my mother, who already uses her cards for work and gets more than enough rewards for it, gives me all her bills (water/electricity/health insurance, etc) and the cash (or deposits it directly to my card if she's going to that bank anyways), and I pay the bills for her. So a few minutes on the phone with a computer and I have the added rewards. I also accompany my partner to the grocery store or things like that and do the same: I pay with the card and he pays me back. Again, this adds rewards I wouldn't otherwise get since my spending is low.

[@michaelslater8796]

Mel A but you’re also taking the rewards they could possibly earn

[@Drak976]

@@michaelslater8796 Not everyone has comfy rewards cards. Better someone on your end gets some of that transaction $ instead of just letting the merchants and banks keep it all.

[@superazn264]

Your partner doesnt use a credit card? ehh?

[@tangerinetech5300]

@@superazn264 they probably just don't care not everyone is all about that rewards life

[@HP97user]

An important thing to pay attention to is where the inquiries are going so that you can attempt to keep them pretty even among your accounts (I like to use credit pull database to predict where they are going). I also like to sign up for multiple cards at once (one card per credit bureau) where one card has a signup bonus and the other cards traditionally lack sign up bonuses but offer large value (such as the citi double cash).

[@natashascott5279]

Mr. Sebby, could you please do a video covering authorized users, both being one and adding one for the purposes of building credit? My mom has helped me this way by adding me onto a couple of her cards that she doesn't keep a balance on. It would be great to gain a better understanding of the affect this has on your credit history and how young a person can be to add them as an authorized user to start building their average age of accounts? Thank you so much for your time and efforts to help people understand something that should be taught in high school, extensively, based on its lifetime affect. You sir are awesome by the way! (:

[@angelrudy1499]

I would love to see a video explaining authorized users !

[@zuuzuucadey1443]

Love this guy. If I could, I would give him a Diamond card. Thank you.👌

[@kevinonthank]

Saed Abdulle yea he's super knowledgeable. Glad I stumbled upon his Channel. I've learned quite a bit from him.

[@TheLastProphet11]

I usually apply for 2 cards every year and use it till the no interest ends, then transfer the balance over to a new card with no interest. I havent paid interest in like 4-5 yrs.

[@MegaBallPowerBall]

The Last Prophet Balance transfer fees exist for a reason.

[@TheLastProphet11]

sure... unless you get a card that doesnt have any. dun dun dun!

[@EL90291]

The Last Prophet name one !

[@KrissofallTrades]

Amex Everyday Preferred. No fee to transfer.

[@negative.infinity]

Pay your balance off in full every month and you'll never have to pay any interest.

[@kalmtraveler]

for the past 2 years I was applying for 2-4 cards every few months but now I've reached a point where I have a pretty sure plan and am biding my time waiting for opportune moments to apply for the few remaining cards that fit my long term goals. I've managed to not apply for about 3 months now, which is quite a feat.

[@jayz4evr]

kalmtraveler you're a moron

[@Drak976]

@@jayz4evr Sebby recommends to literally eventually have 21+ cards. How long do you want to take to get that many 21+ years?

[@piper998877]

Sebby did a great job. I'd add that Seb already has most of the great cards. Chase seems to have a lock on several of the best travel/hotel cards such as United, Southwest, CSP, CSR, Ritz Carlton, IHG, British Airways, Marriott, and Hyatt--not to mention their co-branded relationships with Disney and Amazon. By applying with cards from other banks first, you may lock yourself out for several years on many of these cards because of Chase's 5/24 rule. If traveling interest you, try to make these cards the one you apply for first. But make sure it makes sense too. For instance, there are no airports in my area that service Southwest or Jet Blue. I also prefer renting villas or apartments through VRBO rather than having a hotel. So me applying for these type of cards do not make sense for me.

[@bri-guy70]

Thank you! I'm averaging about one every three months over the past year, the last one being the IHG after your video about the increased signup bonus.

[@adamcai3710]

Is this still applicable in 2019? It seems that credit card companies have tightened up recently. Can you make an updated video on how often should you open a new credit card account?

[@venictos]

Yeah those signup bonuses are decreasing or theyre changing their terms. I just got a quicksilver card because it has no fee, a $150 signup bonus and no foreign transaction fee. I sign up for a new card about once a year.

[@JazzyJazzy819]

So glad I found your channel

[@Floof_Factory]

Yesterday I applied for 2 cards at once. My credit score is at 766 amd since hard inquiries are temperary for 6 months and I have no plans to take out a loan or open another card with in those six months, I'm gonna go for it

[@AirborneSapper82]

I just want to say Thank You. I have learned a lot from your channel. Keep up the good work.

[@pw_jc]

I got approved for 4 cards within a month. 11/10 CSR 11/23 AMEX Gold 12/2 AMEX Platinum 75k offer 12/2 AMEX Delta Gold 50k only 1k spend!

[@jessicawalters4538]

pw jc what is CSR? I got an AMEX PLAT and Delta Gold. What will you use your AMEX Gold card for if you have an AMEX PLAT?

[@mykesng3643]

#FlexWallet 😉

[@quitepossible4498]

$50-$60k in SF? Woooo!! :) Great video, once again.

[@chrisp7110]

Yeah. Its really expensive to a point where you need to make like 200k to be considered middle class.

[@landocalrisian2014]

Thanks Sebby this was very helpful for me this morning.

[@weerobot]

Wow awesome computer screen...

[@patrickwilson4902]

I saw one at BESTBUY FORSALE($600). IT WAS TALLER. I LOVE IT. I ALMOST BOUGHT IT. BUT, IT WASN'T IN MY BUDGET.. THE MAN THAT'S TRYING TO BUILD-UP MY CREDIT SCORE FROM INDIANAPOLIS 🇺🇸

[@americanmuscle2993]

What about hard inquiries from applying every 2-3 months, isn't that a negative impact on your score and frowning upon by banks.?????

[@AskSebby]

Inquiries drop off though :)

[@jasonwilson556]

I love this guys's credit card channel.

[@tjhughes7382]

Is this the credit card channel?

[@missdesireindependance5194]

Its better to raise credit limit on exsiting cards for people with a short credit history. A new card will lower your score. I apply once or twice a year. I love discover but had a bad experience with American express.

[@michaeledwards3217]

Miss desire Independance What was your credit score when you applied for discover. I only have 1 credit and personal. With a 701 cs

[@TheTubeMeister]

I have Amex and I love them.

[@TheSentinel091482]

Wella Fargo doesnt go product change like that anymore. My Secured Card limit was 600 and after six months they offered me an unsecured card for 600. They told me to keep the card and keep using as normal that they would update it in the system to unsecured. A month later they increased my limit from 600 to 1000 without me doing anything.

[@TheSentinel091482]

This was from Nov 2019 to June 2020

[@acura8080]

Citi cards is the best credit card company. I have 3 citi cards one with 34k limit, the second with a 24k limit, my third i recently opened started with 10k, ask for a credit line increase and now i have 15k, use the third card to pay off my car with with the 0% balance transfer. Credit score is 805, went down from 824 once my car was paid off😭. It was worth it because now I’m paying no interest.

[@freddarling6681]

Hey Jay which citi card would you recommend someone start off with if they have a credit score below 600

[@acura8080]

@@freddarling6681 get a citi secured Mastercard. You will need to pay them a security deposit of 200.00. but once you show excellent payment history, 6 months to a year, they will increase your credit limit and your credit score will go up. Citi will definitely increase your limit after you show good payment history.

[@freddarling6681]

Ok will do, Thanx Jay👍✌

[@acura8080]

@@freddarling6681 no problem

[@greenbun]

Because my girlfriend loves credit cards too, we are able to maximize our sign up bonuses by spacing out our cards for the year. She will get a business card, then refer me and 45 days later I’ll get the same business card with the referral. Then 45 days later I’ll get a personal card, refer her and 45 days later she’ll get the same personal card and the referral. Then 45 days later, she will get a business card, and round and round it goes. We then use that card for EVERYTHING we can spend on it, but because we stack them like that, really we only have 45 days each card to hit minimum spend, which hasn’t been an issue so far. This keeps us under 5/24, gives us a good, but sometimes anxious, minimum spend period, and insures we are averaging about 20-40% return on our spend. It’s tricky, but well worth getting the system down!

[@NobleCredit]

She's what you'd call a Keeper Girlfriend

[@edwardviscarelli7110]

Is there any benefit to applying for 2 different credit cards at the same exact time? Is there a loophole that minimizes the hard inquires?

[@AskSebby]

You can combine hard pulls for certain issuers: blog.asksebby.com/rules-to-know-for-chase-credit-card-applications-1d29ae699e1c www.asksebby.com/blog/rules-to-know-for-american-express-credit-card-applications

[@edwardviscarelli7110]

Thanks for the info Sebby!

[@junito1008]

I’m confused !! I don’t understand how can you say that you apply for a new card every 2-4 months !? 🤔 So how many credit cards and hard inquiries do you have in your credit report ??

[@AskSebby]

Inquiries fall off after 2 years. More credit cards (technically more credit products in general) is better than less. The thing to consider is that most other credit products involve you paying interest (mortgage, car loan, etc.)

[@Floof_Factory]

@@AskSebby so applying for credit looks better to the banks if you do it every 2-4 months? Wouldn't all those inquaries look bad though?

[@Supremereacts317]

Hey I’m looking to apply for a credit card I want to build credit as well as purchasing a new apartment I just wanna make the correct steps

[@lavayuki]

I'm 26 and have two, both of which I got 1 year ago (a regular one and a rewards one). One my cards doubled my credit limit for being a good customer. Thinking of getting an airline one but I never get close to using much of the credit on both my cards combined, and end up flying on different airlines all the time in terms of airline cards

[@404goldenchild]

Thank you for sharing.. New subscriber here👍🏾👍🏾

[@laniedav8078]

Certainly it is an excellent presentation... no question yet, I wanted to hear more about how often should you apply for cards. 🤔. But, thank you so much.

[@falcoperegrinus2292]

Really like the longer, in-depth videos! Please do more of these.

[@ianhyland589]

Hey Sebby, I've watched almost all your videos and really appreciate them so thank you. Can you do a video or comment on how to tell if you're going to get accepted for a card? I am always afraid about getting approved and although you recommend the Sapphire I don't think I'd be able to get it even though I want it. Thanks.

[@HP97user]

You can look at historical data here www.reddit.com/r/churning/comments/48bavt/credit_card_approvaldenial_reporting_mega_thread/ Creditkarma, Creditsesame. wallethub, and some others are goodish at predicting approval but break down a bit when you have high numbers of new accounts and inquires. Remember the Chase 5/24 rule (5 new accounts, not inquires, on your credit report, regardless of issuer, in the last 24 months) for the Sapphire.

[@aurias01]

How are you applying for so many cards per year? The hard inquiries should be wrecking havoc on your credit score. Each inquiry can stay on your credit report for up to 2 years.

[@AskSebby]

Answered this here: kzbin.info/www/bejne/Zmmmk5lnr6iKi9k

[@kmy2759]

First thing I saw in the video was the Highland Park Bottle and the Lagavulin Box behind it.

[@muffineyes]

and the kavalan!!!

[@user-ec7kj5ub7p]

I applied for 2. 1 year ago this year 3 limit is $10.000 each

[@quadriderhonda]

Wow that’s awesome

[@stormssstorms]

Once. Then let the credit grow.

[@Kinglouie638]

Can I take out money on my credit card then just pay it back to hit the bonus points?

[@jake1492Nelson]

I usually get 3 or 4 every 3 or 4 months and apply in batches on the same day

[@CT-um7zq]

Hi🤗 if you don't mind me asking, How does that work? I fear the hard pulls. I have 4 so far, 1 for my bank 2 for credit cards and one for my apartment, also, my credit is very new, (I'm at 720)just a year old. I do make 52000 a year tho. I want to play the bonus game, mostly because I know I can hit the minimun spend, but I also don't want to get burn. So, how do you do it? Is it better to apply for more than one, in one day? Thank you

[@notnoternexto]

C T I wouldn’t apply to more than one at a time. You’d obv get approved making that much. Just use it for a year or however long the no interest period lasts for then get another one. Applying for 3/4 at a time could hurt your credit in the short term from what I know. Plus why do u need that many. You can do 2 a year. One every 6 months at most would be my recommendation. I just got my 5th in 4 years of having a credit card and my score is almost at 800. Don’t think having more would of helped me any differently since I don’t have big expenses anyways. I do use 4of them monthly and paid balance at the end of month

[@CT-um7zq]

@@notnoternexto thanks you for responding. I was thinking about done ng it for the bonus points. I know I can hit the minimun required to so I thought, why not? It's basically free money. But you are right.

[@Hyuksel94]

I recently applied twice in one day to Chase. Got my CSR and Freedom Unlimited. Chase ended up closing down the freedom unlimited right away after approval cause they said it was too much credit in one day apparently. Any advice and getting it reopened? I already spoke to the customer service manager, he couldnt do anything. Mailed a letter to HQ. I don't want to reapply and get hit with another pull.

[@CT-um7zq]

@@Hyuksel94 how was your fico, etc? , could you give me some insight into how you got approved by chase. Thanks🙂

[@karennancy9333]

Is there any sort of card you think I am missing? I have 2 travel related cards (CSR and Titanium), Chase Freedom, Chase Freedom Unlimited, Sam's Club MC (3x points on dining and fuel$, Ann Taylor world MC (5x points on Ann Taylor purchases), VS Pink store card, Target Store credit card and BMW Card (I used to have a BMW but traded it in. Have a Porsche, but may go back to BMW in a couple of years). I have been logging in my expenses and my biggest expense on a monthly basis is actually groceries! (Then dining out because let's be honest, I'm not the best cook, because I work all day as an accountant and the last thing I want to do is babysit things cooking on a stove after I've spent the time to buy the ingredients). I do buy lots of store prepared food or frozen meals from King's Supermarket, Fresh Market and Shop Rite (to feed a family of 3). Is there a card that gives more back for supermarket purchases? My end goal is to maximize my cards in order to take annual vacations for my family.

[@hlvxcha0s868]

What firm do you work at?

[@karennancy9333]

HLVX CHA0S I work for a publicly traded company in Jersey City, NJ (it's in many industries but the main industry is Insurance and risk).

[@williamg4524]

Bank of America cash rewards

[@kr987616]

Applying for a card every 2-4 months seems like a lot especially because you are only suppose to have 2 hard inquiries every two years

[@AskSebby]

YMMV? I'll happily do free/heavily discounted trips every 2-3months just by paying rent while keeping a 750+ score. Especially when I'm going to places like Bora Bora for 6-7 days that run $1,200 per night.

[@KCerros123]

But how often Should you apply for a credit card? I understand that fact about working on a minimum spend for a bonus. But if I can hit a minimum spend every month. How often should I apply for a card? Every month? Every two months? I don’t think he answered his own question.

[@f4phantom2500]

Seb, if one were to do a Chase Trifecta, or better yet the Quadfecta, wouldn't it be more beneficial to get the Sapphire Preferred ($95) and the IHG MasterCard ($49) for a total annual fee of $144 in lieu of the Sapphire Reserve? If you're using transfer partners with your UR points, especially if you're getting the 5% from the Ink Cash on in addition to the Freedom, wouldn't the difference in return between the Preferred and Reserve be moot in your overall UR point value? Consider the IHG Accelerate portal that gives you extra points for using the card - in Q1 2017, for example, you could get up to 41k bonus points, and all of the bonuses looked pretty easy to attain.

[@AskSebby]

YMMV. There's no right answer since it really depends on your circumstances. Accelerate isn't really viable unless you're a consultant, BD, travel-focused job. The majority of the points (15k) are after 18 nights. 18 nights / 90 days (that's 6 hotel nights a month) is ambitious unless you get paid to travel for work or just have a long trip lined up.

[@f4phantom2500]

I see, is it generally getting more difficult to meet the bonuses than it was before? In Q1 '17 they looked pretty easy, and I don't think you'd need to stay all that much to reap 30k+ points, at least at that time. Generally, though, if you have a CSP, the benefit of upgrading it to the CSR doesn't seem as good as keeping the CSP and getting the IHG card, if nothing else than just for the free night annually.

[@AskSebby]

f4phantom2500 Q1 required only 3 stays if you planned it right: 3 different brands and one stay abroad. Another thing to note is that you could get these offers without the Chase card so it doesn't/shouldn't affect whether you get the card. You need to isolate for the real variable to compare cards properly.

[@zachd.873]

So I could make my citi costco card a double cash card???

[@AskSebby]

Once you go Costco, you can't go back. i.e., if you had a Citi DC => Citi Costco you can't => DC again.

[@zachd.873]

@@AskSebby So I'm locked into Costco even though I never changed. Not a bad card but a little disappointed since I'm slowly building up my credit card portfolio and will eventually have a card that beats it in every category. Thank you for the response!!!

[@AskSebby]

Basically, the moment it becomes a Costco card (whether you PC or applied for it directly) it can't be changed. It's a fine card especially if you shop for expensive items at Costco (double extended warranty).

[@Da_Crow]

im in the bay area too!

[@kendallprice6362]

Hello Sebby, I was wondering how often should you call to request a credit line increase? I'm currently working to gain higher credit limit to eventually be able to take out higher loans. My credit right now is average and currently working to get it higher. Please advise. Thank you for all the knowledge!

[@MegaBallPowerBall]

Kendall Price Depends on the bank. There's a video about it on KZbin, search it.

[@kendallprice6362]

Short Names thank you! Still working on ways to get high credit scores

[@stephanirenee12]

I’m sorry if this is a dumb question, but even if there’s no annual fees and the card is of no use to you, is it ok to just stop using the card? I get it’s not hurting me to keep it, but if I’m constantly applying for new credit cards let’s say every 3 months and keep the card for a couple years before letting it die out, bc I’m constantly rotating the cards, in my mind it won’t affect my credit too much. Bc if you’re applying for credit cards every 3 months at some point it’s just ridiculous how many someone will have if they don’t cancel/ let them die out on their own. Idk if my question makes sense, and sorry in advance if I missed the whole point of the video.

[@c50grand2]

Good stuff Sebby!

[@MrRapSick]

I think bonuses outweigh “age” score dropping and so on, i PC’ed my 5% back on discover to the gas and restaurant 2% card then applies for 5% rotating discover after about a month for the 10% cashback from the welcome offer and an intro period of 14 mo (which i didn’t have previously), i think if people can earn more rewards and add accounts with positive value who cares about age and average age or whatever

[@fullofzaful5159]

Hi so you take what you get back and pay your credit bill?

[@515gnodgnart]

Hi Sebby, please make a video on the cons of having too many credit cards...how to manage and keep track of all of them.

[@AskSebby]

Video on managing multiple cards coming Thursday :)

[@Brookintellect]

Just have them all on automatic minimum payments

[@marknewton6255]

Hey Sebby. I have the Chase FU from over a year ago, and recently got the CSP, and 2 weeks later, the regular freedom to fill out the trifecta. I know traditional wisdom is to finish 5/24, but reading shutdown threads on r/churning is making me hesitant to finish it out in a reasonable time frame (2/30 aside). But your video implies that you can basically just get another card when minimum spending (and things like 5/24) permit. Also, I got targeted for the AMEX platinum 100k, so I was thinking about going for that then downgrading into the gold. Thoughts?

[@AskSebby]

The people getting shutdown are generally being substantially more aggressive than 2 cards. If you want to talk strategy: www.asksebby.com/free-card-consultation

[@TheTubeMeister]

I applied for the amex essential (got approved) then 7 weeks later I applied for the mbna Mastercard and got approved.

[@gordonramsayfan4430]

Doesn't it affect your AAOA? Also I know a lot of banks are inquiry sensitive.

[@Archangel552]

Very insightful! Thanks!

[@angelrudy1499]

I love all of your videos! 💞

[@kevinonthank]

So helpful Sebby! I realized I applied for too many cards in 2018 . And to not close the accounts that I have. Right now I have delta platinum and Amex gold. Was considering closing out a Wells Fargo card and venture card just because I don't use them bc with ventureone it takes so much longer to get points to travel on. But when traveling abroad not every place accepts Amex. Would you recommend to wait a year of applying for cards to increase your FICO score? I kinda want maybe the Hilton honors bc of the sign up bonuses and no annual fee. But I really am also interested in Chase sapphire too. With Chase sapphire can you get special rates flying Southwest since they are affiliated or use points to travel with chase sapphire with southwest ; kinda like two cards combined I guess?

[@fredoc9125]

Awesome and informative. Sub!

[@somebluntdude]

What do you guys think I should go for: Amex platinum or the Ritz Carlton? Cheers

[@swat1229]

At this point I'm applying for new cards as soon as I reach welcome bonuses 😂 but I'm trying to build the number of accounts as early as possible now that I'm starting to understand all this

[@HowardCollarbleu]

I just got approved for the chase freedom with a pretty decent credit line. How long should I wait to apply for the reserve?

[@AskSebby]

I would apply today (if you get this) to combine hard pulls. Make sure to use a different browser or to clear your cookies. Otherwise anytime should be fine (probably after you hit the $500 min spend).

[@KParks]

My current cards are double cash, freedom, discover it, and the blue cash everyday.. thinking about getting the savor card or the uber card my problem is using the cards, I always fall into using just 1 card currently it's the double cash.

[@sunnykhoja7932]

Can you product change or downgrade Amex platinum or Amex gold?

[@imperium2000]

sunny khoja you can only downgrade to another charge card such as the standard Amex green card. But it still has an annual fee so it doesn't have a downgrade path to a card without a few.

[@sunnykhoja7932]

imperium2000 so is it much better to cancel the charge card instead of keeping it? Because I want the gold and the platinum down the road but I don't think I'll keep it in the long run just because of the high annual fee. So no way to downgrade it to Amex everyday card since it's an credit card right?

[@HP97user]

You really wouldn't want to do that. Amex has strict rules on their signup bonuses (once you have a card you are not eligible for a bonus again in your life) so you would want to sign up for the Amex gold independently (the gold has 50k point targeted offers) and just lose your one year of history with the Amex platinum in exchange for your $500+ signup value.

[@sunnykhoja7932]

HP97user so is it worth keeping Amex platinum in the long run if you're just traveling once or twice in United States? Like the benefits pays it off? My gold is to get the Amex platinum and gold just for sign up bonus and keep chase sapphire reserve for the long run

[@sunnykhoja7932]

I mean goal*

[@dylanz9429]

Why do some cards actually have smaller chips than others? Like with Discover and Visa ?

[@freddyboi5564]

I SEE YOU WITH YOUR HIGHLANDPARK, MY MAN! 👊🏽

[@AskSebby]

👊

[@DamienTheRaw]

Thanks for the information😜

[@fulim226]

This popped up on my front page...loll Sebby looks super different!

[@theamethyst93]

A video about how to get deals on airbnb would be great. Airbnb is the one thing i cant find a way to get cheaper besides using the uber credit card that gives 3% back on hotels and vacation rentals including airbnb.

[@AskSebby]

I'm not really a fan so not much expertise I can add :(

[@gutter1357]

Great video!

[@brandonlee8313]

This video said why not when

[@CaradhrasAiguo49]

1:57 Or if your rent is peanuts compared to SF / Manhattan / Boston, that may be a hindrance to normally meet some of the higher sign-up bonus spending requirements. I sound almost like a rent masochist here hehe

[@HP97user]

You can always put money into Amazon to meet signup bonuses in the short term if you know you will spend the money in a reasonable amount of time. If you have a grocery store that lets you buy Amazon giftcards with credit and that offers fuel points, you may even be able to double dip.

[@piper998877]

Exactly. This is why I think the new sign-up bonus for the Citi Premiere card is targeted for people with high-income and high-spending ability. To know that you have to spend $2500 per month for 3 months to get the 75K bonus would mean a significant lifestyle alteration to someone even making $60K per year.

[@sparky3414]

My minimum spend is mostly from auto and property insurance.

[@christymiller8916]

Thanks Sebby!

[@RobPattProductions]

How long should I wait to apply for a credit card after I’ve been denied a card? The next card I’m trying to apply for now will be the “secured” credit card . Should I wait or should I just get it now ?

[@danielsueros8166]

I applied for an a American Express everyday credit card last month and already hit the minimum spend for the bonus. I don't gently applied for a discover it credit card and it got denied. So I definitely rushed it.

[@outdoorsnevada4138]

Did you reapply? I wait 6 months before opening a new card or getting a limit increase.

[@GalaxyNexus1]

Ask Sebby how do you pay your rent with credit card? I would love to do that, but have always paid via either paper check or electronic bank transaction.

[@bradleymikon1435]

It’s going to depend on whether or not your landlord or property management company accept credit card payments. I believe there may be additional ways as well.

[@CumminsN14DBest]

Aye Sebby, whats up, I Have a question , In May, I Had a ''THIN Credit file'' NOTHING was on my Credit Report File, 0 FICO score,.. So I Applied & Surprisingly Got APPROVED for the *CAPITAL ONE Secured Credit Card, with a $200 limit ($49 Deposit).* The same day, I Applied & Surprisingly Got APPROVED for the *DISCOVER IT Secured Credit card, $200 limit ($200 Deposit).* Six months later, every thing is going good, My FICO score is over 700?! I Need You advice, IYHO, What *Unsecured, 0 annual fee Credit cards* do you recommend I apply for now or should I Just Wait over a year, and then apply? Please Let me know! Thanks!

[@KingPookienation]

I have 2 credit card 💳 open anther card does it hurt your credit score ? One is a visa and the second is a visa from my credit union bank !

[@AskSebby]

Biggest hit will be AAoA. 2 steps back, 3 steps forward.

[@miavonni]

Love your nerdiness bro! Thanks for the info

[@nicholasumbro4349]

I just got my first credit card I have the petal 2. Should I try to get another one so I can keep my utilization down. Also I’m a student do you have any suggestions

[@somedudeonyoutoob]

i got the chase sapphire reserve in november 2016, chase ink business preferred in march 2017, what should i get next? i will downgrade my ink business before the next annual fee, what should i do about the chase sapphire reserve? i have about 380k UR points still untouched. i will be spending 10-20k in october 2017 so which credit card should i get next?

[@zidane2396]

How do you pay rent with credit cards?

[@razaghumman2412]

Best videos hands down 👍👍

[@plazmicflame]

I applied for 2 cards at the end of February and got approved. I got greedy and went for a 3rd and got declined.... regrets, lol. Guess I'll wait a couple 4 months to apply for another 2.

[@MaseratiHolly]

bedtime u denied try calling the banks reconsideration line to be reconsidered

[@RoyalTube1Abid]

Plaz Flame slow down

[@thetingletable]

Plaz Flame wait at least 6 months

[@auggirangel8829]

Great advise thanks a lot

[@nesadcruz7840]

Great video.

[@eriiccc]

Depends on minimum spend. I typically open one when I know I need to make large purchases

[@wt2201]

Which card do u recommend for mortgage and utility bills?

[@tsmith682]

What about kohl’s credit card? This bank I have two of there card. But can’t this one? I pre approved my self last months. It’s congratulations then the screen went blank ? Then they gave me code to use. Then send need information, they send a letter out

[@jeffcorey3898]

Would you ever consider transferring Amex MR points to SPG? Redeeming MR points on travel portal for hotels only 0.6 CPP

[@eriksmith1077]

You can buy Costco Cash cards to hit the minimum spends. That is how I roll, they never expire.

[@FlCoastalcaster]

Good morning Sebby hope all is well. here's a question, should I apply for another secured credit card, having a secured card already and with poor credit? A year ago I had a credit score of 430 and now its 588 with a TD secured card. But I was recently told to apply for a secured card from Discover.

[@AskSebby]

Given your situation, I think adding another secured card and letting it age makes sense: www.asksebby.com/blog/comparing-secured-credit-cards-from-major-issuers

[@didyouknvv]

can you do a video on the amex gold card for all the people out here not wanting to pay $500 a year, :)

[@Frontline35]

Is there a list of keeper cards somewhere?

[@DETROITDEATHGOD]

I don't know why but i......can't stop watching and to collect myself

[@karlynej]

Does Amex offer a product change? Thinking to change from the Amex Gold not utilizing it as much. Any suggestions?

[@mon0pe]

Hey Sebby, would you add the Uber Visa credit card into the mix of no annual fee cards that would be good to get into the 3 that you listed in the video? I have one credit card so far (BofA Cash Rewards) and looking to get a 2nd credit card and trying to decide if I should do the Citi Double Cash or Uber next, or any of the three you listed?

[@kwontumfizziks]

Do you find yourself running out of offers (like Amex giving you one time eligibility whether you meet the spend or not) or how do you get around this ie. close account and wait 24 months for some cards to be re-eligible?

[@AskSebby]

If you're running out of cards, you're probably 40 cards in.

[@berniesands6201]

Wow rent is high asf there. You can get a nice two bedroom condo in Nashville,Tn for no more than $1,200 at the very most.

[@AskSebby]

It's a supply/demand issue. There's not enough homes and there's people pushing against home development. Salaries tend to be higher to counter-act this: www.levels.fyi/

[@landocalrisian2014]

Hey Sebby, I have a Capital One Platinum card and was thinking of product upgrading to a Quicksilver today but this morning Capital One sent an email giving me a 3k CLI. Should I not go forward with upgrading to the Quicksilver now since I got my CLI?