How to Climb the Credit Card Ladder Pt 2: Why we Have 13 Credit Cards

[@ryanmarinics4205]

I think it’s important to state that the reason you keep your lower tier cards even after climbing the credit ladder is that closing accounts can hurt your score

[@kristaschaefer7790]

^^^ there's no reason to quit a card with no annual fee!!!!!

[@MrAnonymousRandom]

Getting rid of cards with less perks shouldn't make that big of a difference. The credit limit on them are relatively low and it shouldn't affect credit utilization or your overall credit limit on all your debt that much. Credit cards are being handed out like candy to children in the US. It's their problem for not pre-emptively offering to upgrade your card to one of their better offerings if they have any. If you are a good customer with a particular big bank, you'll be getting junk mail from them offering you a better card from time to time. Especially if you have a lot of money tied up in their investment products or sitting in a bank account.

[@ChimpRevolution]

@@MrAnonymousRandom it's not really the utilization that hurts you it's that a lot of the time these cards have a extra year of use when cancelled that is removed from your credit report which means it shows you as having credit for less time lowering the score

[@roberttidwell3066]

Could easily have Capital one update you to a rewards card.

[@seahawks1185]

It lowers the average age of your credit profile, lowering your credit score, noob.

[@goldblade84]

It's just funny that you go into a hotel room, set up the camera, and be like... alright, EVERYBODY OUT! We're gonna come in the room again!

[@miamitreo]

Wei Wang 😂😂😂

[@jalabi99]

That's dedication! LOL

[@user3086]

He probably went in alone but I thought the same thing

[@MaseratiHolly]

i thought the same thing lmaooooo

[@badspellin4621]

Spin twist....everybody is sitting in a corner right there in that room.

[@kofinater]

I have 14 on my own, started on level 2 and never left haha. Cash back bonuses are where its at.

[@MOBMJ]

Kofi Osei I agree because credit card points get devalued every day. That least with cash it is just cash and that does lose its value as fast as the point and at least it is basically universal you can put it back in your account and use it for other stuff

[@louib716]

Yeah I have the Quicksilver and I sort of wonder if there's any point in upgrading since work pays for travel that I do

[@marksantucci4230]

@@louib716 That's very cool that you use a cash back card for work very cool.

[@MichaelMarvin]

It really depends on how much personal travel you do. Yes, with points you are taking a little more risk betting your points won't be devalued, but absolute worst case scenario you redeem those points for a 1 cent a piece statement credit (which any reputable credit card offers). In this sense, you always essentially have a 1% cashback card. You also can generally get a lot more value out of many of these cards then comparable cahsback cards if you're studied on the points game and know how to properly leverage points. This is especially true for hotel cards which still offer standard reward redemptions based on tiers rather than dynamic pricing like airlines. As he says in the video, you start factoring two people into a hotel stay, let alone a family, and you are really getting a great return on your money. If you don't like to or prioritize travel, or you don't want to put the work into figuring out how to leverage points, then yes, chashback is probably the best option for you, but if you do like to travel and you don't mind studying up a bit on how best to use your points, then points cards are absolutely a better deal. Just depends on your lifestyle. Points cards are literally the only way I can afford to travel, and I highly value the couple Amex cards I hold which allow me this freedom.

[@johntran2252]

I love tier 3 hotel cards. Sign up bonuses, free anniversary nights, small status upgrades

[@damnjustassignmeone]

Makes sense to me. Tier 1 = step 1. That's where you begin...

[@sunnykhoja7932]

15 cards here for 1 person. As long as I get rewarded there is no set number of cards you can have.

[@christopherdriving6425]

How do u get approved for that many

[@oliviasmith3483]

Christopher Aynsley very slowly. You should only get one-two credit cards a year

[@christopherdriving6425]

Thanks for the tip i have 2 so far but thr first one is onlu for building no rewards.

[@raycch8668]

@@christopherdriving6425 I just came across one year and I already have six credit cards including Amex Capital One and others all gives rewards

[@5eraph9000]

I went straight from 2 student cards to the CSR just by waiting a few years. Just fyi so people know you don't have to farm cards to climb.

[@jalabi99]

True. But sadly most Americans are instant-gratification junkies :(

[@TuLegitify]

Yeah but during that time you could have been hoarding points from the chase freedom and then transfer onto the CSR. At no point in the video did he say you have to climb through cards, just certain combos compliment each other. If you have the freedom you use it when the 5x points apply and then transfer to the CSR otherwise use the CSR.

[@anthonyk8327]

Yeah, I got my first card 7 months ago and got instantly accepted to the CSP a couple days ago. Figure I will give it a year to take adv. of the free first year and upgrade to the CSR then.

[@noahoxley6]

I got the discover it student card and will hopefully jump up after a while using it

[@skibike01]

@@noahoxley6 what is your plan for the next card. Im in the sane boat

[@bitTorrenter]

I use 3 cards. Here in the UK. 1) Amex Rewards Low Rate (9.9%) This is for points (with no annual fee). 2) MBNA Everyday Visa (7.44%) This card is no longer offered but charges no fees and has one flat rate. 3) Lloyds Platinum Mastercard (5.70%) This card has the lowest rate and sometimes has BT deals (6 months with reduced interest, for example).

[@allison-kayruddock3855]

Wish I knew about you & the tier breakdown two years ago. Started with my Wells Fargo student card four years ago. It got upgraded to the platinum card- No AF no perks. Then got the Best Buy VISA (needed a new laptop in college & couldn’t afford one in full-they had the 18 month interest free). Graduated & got the Macy’s AMEX for the store rewards points and at the time Plenti Rewards for gas & grocery. And then got the TJMaxx MasterCard for store rewards. Started watching your videos and decided that since I have 4 credit cards with no real perks to just apply for the AMEX Gold. So the AMEX Gold is my only “good perks” card and it’s a tier 3. Should I cancel the store branded cards (2k, 5k, & 7k credit limit on them)? Can I upgrade my WF platinum to the Propel (it has no AF and great perks & make it my tier 2)?

[@Dudeee_]

Hi Allison! Regarding the propel card with Wells Fargo, yes you can call them and do a product change to go from platinum to the propel card. The propel offers really great perks. 3X points on almost everything with no annual fee or foreign transaction fees! It’s a really great card to have. And it has a good sign up bonus too! 30,000 points if you spend 3,000 in the first 3 months.

[@renshawjoshua]

Never close accounts in good standing. Regardless of you never use the card; it is still giving you higher AAoA, higher total credit available toward your utilization, and continuous on-time payments to leverage against possible credit difficulties that may arise in the future if you experience financial trouble. The only reason to ever cancel a card is if it is associated with an annual fee you don’t feel like paying any longer; and even then you have to weigh the negative consequences of doing so.

[@renshawjoshua]

Dudeee_ Just a by the way; typically credit issuers do not offer “sign up bonuses” if you are upgrading a card. They are bonuses meant to entice new customers to “sign up” (it’s in the name of the bonus). Some issuers may still offer the sign up bonus on upgrade, but the overwhelming majority do not. Contact your issuer and double-check prior to making the switch.

[@russcanhelp]

If you’re concerned about how long it’ll take to get a tier 4 card. It took me 1 year and 1 month. I got my first credit card (unsecured) Chase freedom unlimited-> 3 months later Chase Sapphire Preferred -> 4 months later Chase Business Preferred -> 6 months later Amex Platinum. Love these videos they taught me how to get 260,000 in points in my first year of having credit cards.

[@MrBillFold]

No Way, damn 260,000 points, sweet!

[@lorumipsum1129]

Here's a question for y'all. Just got the Sapphire preferred. How would I pay the annual fee. Does it come directly out of my credit union checking account after a year, or is it removed from my available credit, and I just pay it off as normal.

[@rgoubin1]

If you are below 5/24 currently. Definitely try for ink chase cards first Amex will almost certainly approve you regardless And will likely approve you with just a soft credit pull. Since you have an existing good stable relationship with then

[@MK-ex4pb]

I'm about to hit 5 so I'm gonna get chase for my next card

[@benjalazo]

I'm at 5/24 right now I can still get 1 right ? I rushed too fast into the game before doing my reading ughhh

[@Deathnote819]

Ink cards are business cards so they don’t affect your eligibility for 5/24

[@rgoubin1]

Michael King No , if you are already sitting at 5/24 you most likely WILL NOT be approved for an ink card currently, unless you receive a special targeted offer, then , in some cases 524 rules is not used in consideration of your application

[@rgoubin1]

Deathnote819 You are partially very incorrect/ don’t know the reasoning behind it Buisness Cards are not factored into or add to your 524 , only because Buisness cards do not get reported to your personal credit report., when and if you get them...... However. The fact that and if you are already sitting at 524 as reflected by your personal credit report , IS VERY MUCH locked at when chase is considering you for an ink card. Given this information, It’s better to first apply for biz cards when first starting out, with huge exception of capital one biz cards. ( not a good strategy at all , as you WILL NOT be approved for a biz card when first starting out). Or , the more sensible route is to fit in and try for a chase biz card app , a few years down the line, in between one of your personal applications ....again though , making sure though that you are below 524 at the time of the application..... otherwise you’ll almost certainly get denied......

[@x3yummy]

Do any of them require you to use it every month? I have had a charge on one of my cards for not using it.

[@NikkyElso]

If I'm paying over $400 a year to hold a credit card then it best not be peeling.

[@n1chr0me6]

Yep, I would call Chase and order a replacement. Super glue lol

[@loriesavage8218]

Lorie savage

[@isabell.etkind9765]

Closing a card is a temporary drop. If you use credit responsibly, your credit score will move up again, and it does not take as long as you would think.

[@nevtube15]

Great video. Thanks for sharing..I now know a little more about what tier level my credit cards are rated in..

[@javierrruiz1]

Dave Ramsey must love this video

[@Blitz3O2]

Dave is worth several hundred million. Debt shifu is worried about collecting points and miles. Its levels to this shit

[@Sunday-ex7px]

Blitz3O2 Dave being worth several million has nothing to do with him having credit cards or not. It all comes down to financial responsibility because there are many many millionaires in the world who use credit and many who do not. Credit points don’t have anything to do with net worth if you’re not being an idiot.

[@sameverhardt4569]

Blitz3O2 Dave also has had to file for bankruptcy because he wasn’t responsible with money

[@sneakysnickersnoopy]

Lol the comments are hilarious it's like everyone is collecting pokemon cards haha

[@khaiphung1185]

It kinda is. A hobby

[@Lilshow673]

I’m 18 years old and got accepted for a Capital One Platinum unsecured card with no credit history. I started with a $300 credit line. I’ve been using it for a month now, and am planning to continue building my credit throughout the next few years. When should I upgrade to the Freedom Chase Card? Next year? After the 5 month on-time payment credit line bump? Or does it not matter.

[@shawni567]

Great info! Which ones are best to get at each tier? Also, which are best at each tier? Could you do a video for that?

[@bigboy8277]

I love your videos easy to follow and offer great tips, in the 720 ’s right now and got a few 2nd tier cards but have goals for three tier 🤓✌🏾

[@jjsdancer]

This is the best credit card tier system video I have ever seen! Kudos to you for such a credit way of explaining each tier. For me it took about 2/3 yrs to go from tier 1 to tier 2. In your opinion how long did it take you guys to go from tier 2 to 3 and then from 3 to 4? Just a guide line for expectations-if you were planning on the tier climbing strategy? Thanks and keep up the great videos!!

[@ML-pd7so]

omg so excited! love sharing your first video, i show it to anyone who will watch it! :D

[@PointsPointers]

Awesome video. Between my wife and I we opened 53 credit cards in the last 3 years 🤦🏽‍♂️🤦🏽‍♂️. 31 are still active lol

[@CLJ3274]

I thought I was in 5/24 hell lol

[@danibathalier6839]

Points Pointers omg 😲 nice

[@bitTorrenter]

Crazy

[@fulim226]

Great video Shifu, very informative. Will either be getting that luxury card or the regular preferred guest card due to the 1st year waived and a free night! Then maybe I would just upgrade to Luxury in a later time. I've also been thinking about the Aspire card also because I saw that Hainan Video you made on that insane redemption for an award night! Thumbs up!

[@SlickReviews]

Hey Ben it seems you guys run both UR and MR setups. Maybe a video discussing which system people may want to based on goals? From what I’ve read an Amex system may be better for YOLO travel given their partners while Chase setups are good for more frequent routine holidays. What do you think? The new Amex gold has me considering switching my everyday setup to Amex but still not sure. On the end 3x vs 4x on dining is not an ENORMOUS difference I don’t think and probably not enough to switch whole card setups if you’re playing a one player game.

[@leemack8448]

You just articulated what I've been debating for the past few weeks. I just received the CSP and am currently working on the minimum spend. But the Amex set up also seems like it can be lucrative if done correctly. I'd also like more info on that set up.

[@chriskirsch441]

I would also like to see a video discussing this!

[@ARpirateant]

Slick Reviews I have a couple hundred thousand points on each UR and MR and I feel like I honestly like UR points more for the transfer partners. I’m not one for “luxury” travel I’m more of “I’d rather get as much as possible from points such as one round trip economy trip to Europe for 60k points rather than a 70k one way business which I’ve done and didn’t care for”

[@SlickReviews]

Alex Pirate I’m the same way

[@marksantucci4230]

@@SlickReviews well let's start with some basic questions do you travel on business? which airline do you like best do you like south west , United, Jet Blue, Delta, Kris Flyers, hotels , Hilton, Starwood, Marriott? do you want a card that you can wipe out a travel expense or are you willing to put the time and effort to look for airlines that have transfer partners? would you be willing to get a cash back card that you can redeem for gift cards? are you willing to keep a credit card with an annual fee open after year one?

[@PhuccinAyee]

Cards through casinos I.e. MGM can sometimes provide really good perks as well with very low to no fees. Free hotel rooms, drinks, buffets, cash back, upgrades if you visit their casinos, points & free play etc.

[@zachd.873]

Tbh tier 2 is pretty great. I'd take chase freedom over Sapphire preferred any day since I don't travel much. I really wish tier 3s or 4s had options with more cashback, so if an extra 1-2% cashback covered your annual fee you'd be coming out on top.

[@Holdeenio]

Hey Ben, Would be interested to see an update video on all of the cards you've got right now and any plans in the near future for changes. Do you ensure you charge at least something to each every month? 🤔

[@taraandtori]

So I have the chase slate as my first ever credit card because I wanted to play it safe after getting denied from the Costco card. Now after 2 years I built up my credit and just converted from my chase slate to chase freedom unlimited. Does that make my chase slate inactive? Like I can go ahead and cut it up? Also, What is your opinion on the Capital One Savor card. I am starting up school and want to take advantage of a cash back sign up bonus to cover cost of some books and was disappointed when I saw it was decreased to $300 from $500. Are there any other similar cash back cards that offer a $500 sign up bonus at this time?

[@momstheword11]

Are you able to pay the 400-550 fees on the top tier cards with another card? If so you could use one of the cards to buy the fee of the top tier card and have the first card reimburse you for opening it, say spend 500 and get 200 back? Can you do that?

[@saikat93ify]

I have a question. If I build a good credit score in one country, why does it become 0 when I move to another country ? Also does not using a card affect the credit score ?

[@Blackdimond8000]

Watch Graham Stephen's video on what affects credit score. Just search it up on youtube. Thank me later.

[@LEB52]

You don't have any Airline Cards. What do you think about them with their free baggage perks and plane boarding priority.

[@jusskulldude908]

I’ve been in the credit card game for only about 4 months, was lucky to get approved for a gold card for my first, making my other 3 cards easier to approve. Sitting now at a 728 at 4 months.

[@Brandond268]

*Question,* I have a one tier 3 card and some tier 1 & 2 cards none are American Express cards. My question is, should i go straight for the Amex blue preferred cash back or towards the Amex blue everyday cash back so I can get the sign up bonus and move up from there to possibly get targeted for a more attractive sign up bonus on the Amex blue preferred? Also, *second question,* can I move backwards from tier 3 to tier 2 for a sign up bonus?

[@travisturck4034]

Why don’t you have any CITI cards. Do you think the Citi Premier is good right now with the 60k bonus?

[@ProudMoney]

How many of those cards do you think you actually use on a monthly basis? I understand the rationale behind all of them but at some point you start spreading your purchases too thin if you actively use too many cards, don't you think?

[@thegreat9481]

Logic doesn’t apply here unfortunately

[@SpecialEDy]

Because you need over 21 cards for a perfect credit score. Because it increases your total credit limit, which keeps your utilization percentage lower for the same balance. If you get a new card, the increased number of older cards decreases the reduction of average age of credit. And because some people make a game out of achieving the highest available credit they can.

[@ProudMoney]

My question is not meant in a negative way, just interested. I personally can only handle so many cards and keep track of them in terms of remembering when to use them for which purchase and how to prioritize them.

[@thegreat9481]

Special EDy Lmfao there were perfect scores before Credit Karma kid... (which is where you got your information) you sound outrageous. 21 cards lmfaoo You know what else increases limits? High limit cards. Ding

[@dh2266]

I'd be fine managing what to use when but the law of diminishing returns kicks in. Though I guess as long as diminishing returns are still on a positive trend, it's all good.

[@DonteeWeaver]

My credit score on credit karma is 758. I'm just wondering if I would be approved for the Amex Platinum. And if I applied now would I get the most benefit or wait until January to start the year with full u er credits and other perks. 📣Any feedback is welcomed

[@iaskaterwhos12]

Dontee Weaver you would most likely be approved depending on how long your credit history is

[@christonesmichel3090]

Your chances looks great with the credit score. Credit history does matter but looking at 758 most likely means that your history is good as well

[@pdg1270]

Dontee Weaver Amex focuses on FICO score, which is different from what credit karma uses. In fact, credit karma is more of an estimate rather than your actual credit score. For example, credit karma was showing my credit score to be 740, while my fico score was 698 due to the age of my credit.

[@TheGreedyKing]

Jeff Smitt well credit karma is right and if u read the disclosures it takes your fico and I can’t remeber average them bc my fico is 8 points less than my other one but the average is just about same read the little info button it explains

[@tiaxi6779]

I started from Discovery it without any credit history, user friendly and has cash back and cash back match for the first year.

[@AlexRodriguez-lk1jy]

I got a score of 694 but I built it through credit cards from like Macy's and bestbuy. I want to get a traveling reward card like from amex or chase...does it matter that I didn't get those specific lower tier cards or does only the score matter?

[@AppleCrider]

I dig the revisiting of your big video and actually applying it to your current cards! Always nice to get some insight into the wallet of the credit card master himself :)

[@Fede_uyz]

If you are wondering how long it will take you to go from tier none to tier four, it took me 9 months. Use them a bit, pay them on time and always more than the minimum and most often pay them in full. I have not run out of my free 1st year on a tier 1 card with 330 usd limit before i got offered (and issued) a tier 4 visa platinum With 1000k limit. I'm going to use full use of concierge to buy tickets to the movie, concerts, make reservations in any and all restaurants. Addmitedly i'm not in the US, so i get airmiles only and no travel/uber credit (wish i did)

[@Marceles45]

I have the AMEX Platinum and new gold card, my FICO score is at 750, but my only credit experience with Chase is the Amazon Prime card. I also began banking with Chase this year. I'm 6/24 at the moment but by March I'll be under, but I'm nervous about getting turned down for the CSR :(. I heard you have to qualify for a 10K limit to have a CSR, which none of my current cards have.

[@ScoptOriginal]

Here's my question: if you can get accepted for a card higher up the list with no fees as your first card, should you still start with a card that has no rewards? Personally I got an Amex British Airways reward card as my first one, and the app I used said I had an 80% chance of being accepted for even an Amex Platinum because my credit score is somehow better than the average for both my area and the UK

[@witnessg431]

I'd suggest Discover over the Capital one Platinum for Tier 1. Even the secured Discover card is pretty good since it automatically becomes an unsecured after 6-7 months. They make it easy to product change it to any of the other cards. So I went from the Secured -> Chrome IT -> IT pretty easily under a year. So now my first card is still pretty usable unlike the Platinum which has no rewards.

[@amandafitzgibbon9501]

I'm new to all this credit card stuff. I just got the Chase preferred card. I believe I signed up at a time when they were not offering the 50K rewards points sign up bonus. I spent a couple thousand dollars on it within the week that I've had it. Do you think Chase would apply the sign up bonus points to my account if I call and request it?

[@nicolasciampaglia3488]

Do you use all these cards? Won’t they close your card accounts after not using them for 6-12 months?

[@benterry2681]

Nicolas Ciampaglia yeah but remember to buy something on each on, even buying something of the McDonald’s dollar menu is enough

[@duanetv1925]

Wow! Great video! Very well done. Brilliant! I currently have 11 credit cards!

[@jamesmoore8873]

If I just got to quicksilver a few months ago would it be smart for me to go for a tier 3 card at this point or would you recommend

[@JohnJohn-nt9mf]

I noticed that you're not a fan of Discover Cards...

[@SH4D0WBLITZ]

Getting the Freedom next month will bring me to 5/24. Gonna be working on a Amex trifecta after that lol. If you’re getting the Platinum, don’t forget to snag the 100k bonus since you can only get the bonus once in your life 👍👍 Hopefully we can get targeted for it haha

[@junitolopez3762]

Thank you for taking the time to make these videos

[@willtorres7250]

Why no discover?

[@isabell.etkind9765]

Discover has no real rewards benefits. They did at one time but the rewards now are really limited.

[@jovanhayes7597]

Isabel Etkind Discover is the people’s company. I’d say that one of Discover’s biggest setbacks is that there is no trifecta for their cards. Besides that though, the benefits are competitive.

[@lauramipe2955]

Discover is pretty much nonexistent in the rest of the world. As an immigrant I didn’t get a Discover because I couldn’t use it outside of the US. I only have it because my husband got it.

[@isabell.etkind9765]

@@jovanhayes7597 If they were the people's company they would have the type of coverage that Mastercard/Visa and Amex offer. Purchase Protection and extended warranties are two of my favorite perks.

[@jovanhayes7597]

@@isabell.etkind9765 Yo I made that comment 7 months ago. And it’s still true. They are the people’s company cause they’re cards are actually easy to get, they aren’t garbage, and the customer service is good. They might be lacking on some of your preferred perks, but that’s why Chase and Amex are the big daddy’s in the credit card game. Discover don’t got it but they still one of the best credit card companies out there.

[@AndyinMTL]

Question for you...How long do you think it would take for someone new to credit/new to the US to climb the Chase credit ladder Freedom Preferred and Sapphire if banking with and have all assets (50K +) with Chase

[@RyanADillon]

6:08 - sure, but the best way is to calculate the $ saving per point. Not a case of simply doing the hotel and thinking it is better as it benefits more people.

[@breiirvin1717]

Hi Ben. Just a quick question. With the Hilton Honors American express, are the points only eligible for hotels and resorts, or can use them for other stuff like gift cards, air lines, etc.??

[@Lillysammy126]

Just a thought... have you filed your credit card fees as business expense for tax purchases? It might be worth while if it is allowed, as deductible if you itemize. BUT I still have yet to check the new tax laws to see if probable since the standard was increased. Different financial means different decisions to determine if useful...---just an accounting student... ask professional first

[@jamesray3920]

The capital one can can do a product change at capital one to the venture one can that offers you rewards points you keep same card number and limited free of charge I did this

[@lorumipsum1129]

Personally, I've always found the Quicksilver one card somewhat pointless,as the normal Quicksilver card has no fees but still has all the features of the one, including the reward points and no foriegn fees. And your able to get the card for around the same scores at the one.

[@JCintron99]

If a old account was closed by the issuer if the customer reopened will start a new start up date or it will be from the first time that was open?

[@MK-ex4pb]

Free nights only cancel the annual fee if you would've done that anyway

[@SagarPatelsensiblecrayman]

Will there be an updated video to this for this year?

[@knpstrr]

Last time I took a flight was 6.5 years ago. I'm thinking these tier 3/4 cards are worse than worthless. Cash back seems to be the best value. I'm thinking about going from Quicksilver to savor one as savor one is better value than savor.

[@williams122bw]

Question: if I'm denied on an application for an Amex card, will it hinder my approval odds on a card issued from another company/bank on their network (i.e. Macy's American Express)?

[@DustinEvans1966]

I’m sure most people that are into credit cards know this. But for beginners watching videos like this. Hopefully you got your chase cards first. But once you have your chase cards. Especially the chase branded ones like freedom, CSR,CSP or any chase branded business cards. Don’t get rid of them. They are the only cards I’ve ever had and never have closed. If the annual fee is to much. Chase allows you to upgrade or downgrade. So say you have a chase sapphire reserve. And you don’t want to pay the fee. Don’t cancel it. Just downgrade it to a no fee freedom. Then you have the ability to upgrade back up to the regular chase sapphire preferred or reserve in the future. As for myself. I would not say I’m super into the credit card points like some people I know. But I’ve never been under 5/24 since I started almost 7 years ago. Also unless you are a big spender on chase cards. Don’t call them and play the “ I don’t want to pay the annual fee game”. I’ve found them to not be as generous with this as say Amex or citi is.

[@neihc1589]

I have a question. Can I pay off the amount I owe without having to wait for statement up update? Like pay it off right away or should I wait until closer to due date to pay it off?

[@BlackestNightVideos]

Nemo Nobody you can pay it off whenever you want. Just make sure after you pay it for the month don’t use it until the new billing cycle begins. Example I have a capital one card and my bill is due on the 10th every month. They send statements about once a month but I never mail in a payment I always pay the balance through the capital one app on my phone. I usually pay my bill a few days before the due date.

[@wreckdiver61]

Hilton honors ascend card gets you 125,000 points

[@shaxspear6934]

Okay a couple questions... For starters amazing channel *clicks subscribe* and warm explanations of everything (not really a question). So would the Capital One Venture card be considered a tier 3? Also is there any reason as to why BoA and Wells didnt make the lists? If the answer to the second question is *viewer discretion is advised* then you can skip it lol. Thanks again for the content its really helpful Shifu!

[@TheCreditShifu]

Just because I don’t have any in my personal collection, you will also notice no Citi. But they have some okay cards

[@kennb33]

All of my chase cards start peeling just after a few months. I thought it was my wallet but my citi cards are fine & way older.

[@jackb99]

Kenneth B You’re not paying an annual fee for nothing, call Chase and get new ones

[@SpecialEDy]

I've had Chase debit cards since 2009(when they bought WaMu), and every one has lasted several years other than my last one which peeled after a few months. We'll see how the replacement card and my Freedom card last, I dont think it's unreasonable to expect my cards to look sexy since they represent my money!

[@TheAlcapone100]

Special EDy it’s the banks money ;)

[@LaSombraa]

Bledar P he’s paying an annual fee and paying the card off. So not really the banks money. Stfu.

[@syrakazmi7374]

Already bought your wallet and I love it fits in any size bag. Learning a lot from your videos! Thank you so much!!!

[@TheCreditShifu]

Thanks for the business, glad you like it!

[@D.Anderson]

2. tier 1s& (Wells Fargo&Usbank Platinum Visas. 3. tier 2s 😎💳 for me cash back has been great. (2 no Fee Quicksilvers, Usbank Cash plus visa signature& 1. tier 3 American Express Gold Delta SkyMiles.

[@KingNeu]

Which credit card would you recommened? Citi Double Cash or Capital One Platinum & why? Great and helpful videos, thanks!

[@TheCreditShifu]

Capital one platinum is only really a starter card for people with low credit scores. So if you are able to get approved for the Citi double cash, get that, otherwise start with the capital one platinum

[@KingNeu]

The Credit Shifu appreciate the response, thank you!

[@chrisp1906]

Question: About how long would you say it takes for the free Hyatt night take to show up on your account? I'm trying to setup my free night to land on my anniversary which i think would be great. Dec. 15 is the date

[@HKnK8]

Do you add mrs shifu as authorized user or vice versa on your tier 4 cards? Or even tier 3 cards?

[@PurpleDrazi]

I would like to know too. I guess the question is, given your credit card configuration, do AU cards add value over their cost?

[@garryschmidt1697]

I'm trailing pretty close behind you, I'm at 11 myself lol. We have a few in common but for the most part it's funny to know our line up differs quite a bit.

[@AngelRodriguez-ml7rh]

Grate video, easy to understand. Thank you dude 😎😎

[@josuejasso7589]

I’m 19 only have one which is freedom ultimate. $1500 limit. What should be my second card?

[@mchild1983]

I'm starting out not much history no negatives ..but 1 old one new inquiry 1 new..chase fu just denied me beginning of the month I have decent scores but not much history..I have 1 wells Fargo card that has a high limit now but didnt when I denied.. had too max after being denied..just wondering should I apply for a capital 1 platinum..credit 1 platinum..both have been preapproved..but I cant afford taking another denial..I had 1 negative that has been deleted after I applied for CFU..hoping to pay my limit down but was hoping to have another cc to help with that also should I apply to 1 of those card b4 or after doing recon with chase..sorry so long just wondering how to approach this low on funds right now so hoping to figure something...

[@Mister_Phafanapolis]

Wouldn't it be better to have a single Tier 3 or Tier 4 (annual fee) card per couple with each Mr. and Mrs. having a copy of each card? Why does it make sense for each individual to have an individual card?

[@XxAlexanderProxx]

1,2,3,4, as benefits or other valuable things increase. 4,3,2,1 as something, normally a constant, becomes more valuable by the reduction. So you did it right.

[@VersacePlatano]

I went straight from a Discover It student to a chase sapphire reserve. Mightve been because of my income though.

[@Damo_LowEnd_or_NoEnd]

What was the income number?

[@CardHandlers]

You mean your daddy's money?

[@mscorrell]

I have a black debit card from NAB in Oz. Maybe u can get a cheap c/c and paint it black?

[@TheAlcapone100]

The Hilton tier 2 right now gives out 125k points and has 95$ annual fee can I apply for that get the points and than later downgrade to the non animal fee silver status ? while not losing the points??? I know I may lay 95$ but it’s worth it because you getting 125k points what you think?

[@MOBMJ]

Hi quick question does an independent stock trader/ investor in the stock market count as a sole perpetrator?

[@TheCreditShifu]

Depends on the card, for Amex they don’t seem to really care, my friend hadn’t even set up a company, but still entered the name of his KZbin channel and he got a business platinum from amex

[@MOBMJ]

@@TheCreditShifu ok thanks for the info I will try it I guess and hopefully that will work. do you know if that will work for chase?

[@MidnightAspec]

I began with a CO Platinum MC when I had a not so great FICO/credit history. As the credit picture improved, CO bumped my account to a Quicksilver MC. Just recently they converted my QS MC to a QS world MC with its travel perks.

[@MrEdude90]

Credit Shifu, as a college student I have a low income and am building credit. What would you say the credit score range would be for those if my income is very low?

[@pimp7630]

MrEdude Unboxings I’m a first year student and I also have a low income. I applied for the Wells Fargo college card and after three months of having it my credit went from nothing to 700.

[@MrEdude90]

@@pimp7630 I got the Discover It Student and they worked with me too. Unfortunately, credit score was in the 600 with perfect credit history. I was more interested in the Chase, Citi, and AmEx cards since I passed tier 1

[@gerald4535]

@@MrEdude90 I'd wait about a year before trying to apply for those. I got into Citi by chance. Needed a card to build credit, they had the student thank you preferred card and I got approved. So I just product changed to the Citi Double Cash card a few weeks ago.

[@jasonrothfeld]

Literally the only credit cards you need are the Amex Platinum and Capitol one Savor card. You can get all the benefits with just them.

[@TheAlcapone100]

Jason Rothfeld yes but having more credit cards 💳 = more credit lines = credit utilization = perfect score....

[@renshawjoshua]

Both Chase and Discover offer 5% cash back on rotating categories that neither of those cards do, Amex Everyday blue offers 6% at supermarkets, Uber offers the same 4% restaurants / entertainment that the savor does for no AF. The word “literally” you are using incorrectly. You are literally wrong with your premise.

[@xB1GKILLERX]

To all my us active duty military personnel if you get a credit card the annual feed will be waived i have the chase sapphire reserve

[@MichaelMarvin]

You raise a really good point. I don't know about other companies, but Amex waives fees for all active duty personal on all their cards, including the $550 a year Platinum. You should absolutely shoot for that highest tier card if you have a good history and are planing to stay with the military for awhile. Open all the top tier cards and enjoy the benefits without paying for them. Even if you plan to go inactive, you can always downgrade your product to something more reasonable afterwards.

[@CLJ3274]

Ask sebby is probably dying to make a vid like this lol

[@someperson111]

He in fact made a video like this lol

[@Serena_9]

How much do you pay for annual fees for all of them together?

[@JohnJohn-nt9mf]

would you get hard pull if you product change??

[@micco6020]

Which hotel cards make you wait a year for the free night and which give you the free night the first year

[@jordanamoth6724]

They all will have the sign up bonus which will give you a couple free nights right away

[@TheCreditShifu]

That may be a topic for another “battle of the hotel cards” video

[@tx_cardshark]

So you’re saying Tier 2 requires mid to upper 600’s closer to 700 to be approved? What about Tier 3? I would like the Amex Gold for now.

[@TheCreditShifu]

Over 700, but it is not set in stone, only a guide.

[@shortii12341]

I actually went from the Capital One Secured credit card to the Delta Blue credit card. My next one (when I build my credit score a little bit more) is the Chase Sapphire Preferred. Because we are going to be traveling and I would love to have the lounge access :D. I'm hoping by Sept 2019 I will be able to get it! :) I might get the American Platinum or the Chase Reserve. Guess I'll have to do more research! :)

[@fullthrottleclub4026]

Why is the discover it card not on here? I think it actually provides great value and no AF.

[@user3086]

It's not on here because they don't have one. Its a great card but he seems to like the Chase family of cards as they're "future proof".

[@justinmanley8131]

Cause all the cards that he is not a shill for don't show up on the list. Only 4 of the cards on his list should be on a top 10 list.

[@latinworldexplorer]

@@user3086 I'm kind of the opposite. No Chase cards at all. 1 Discover. 7 cards in total. Up to CF's tier 3 now (2 cards at that level). I use the Discover card a lot. Keeping track of their revolving cash-back categories is not that difficult.

[@NikkyElso]

@@user3086 its really the only think I don't like about this channel, the Chase shilling is annoying af. I can't stand chase and how they treat customers. Amex has better products and miles better service, but this never seems to ever come up when chase and amex are compared

[@lukedeedman2545]

I don't get it. I live in the UK, I have a credit score of 964 out of 999 but I'm a student and earn under 3000 per year. When I applied for my first credit card the no fee BA american express it said that I was also eligible for the platinum card with the 500 pound annual fee. why is this?

[@jddiggy2343]

I know this video is a kinda old but does anyone know if you open the hotel cards that are issued through chase are you able to transfer the points on them to say the chase sapphire preferred??? I know you can transfer points on all of the regular chase branded cards but I was just wondering if those would be included as well?

[@roberttaylor8906]

You only have 13? Also why the Cap One Plat as a first card instead of the Discover It? It fits squarely into tier 2 and from what I understand doesn't require any credit history. It was the last card I went for in my app spree, I got 13 personal cards (plus a business card) in under a year, and I still was approved for $5k. For reference, the app before that was the PayPal Cash Back MasterCard and I was only approved for $300. I made sure to apply for higher priority cards that were more likely to be declined earlier and saved the easier ones for last.

[@JoseDiaz-nk5fq]

the amex credit does it matter if i buy all the delta gifts cards in the same statment ?

[@dcamacho6884]

I have 3/24 right now I really want the CSP and PRG but idk witch to go for first. Any solutions?

[@renshawjoshua]

Always go after Chase first if you are under 5/24

[@ShadowChef]

How long should you wait to apply for another credit card?

[@TomsLife9]

it depends on what you're looking to do with rewards or building points but there is a loose rule that Chase will deny your credit card application automatically if you have opened 5 credit cards within the last 2 years, so that is probably a good rule of thumb to apply among all credit applications, not just Chase.

[@renshawjoshua]

If you are new to building credit; you want to apply for as many cards as possible as you can keep up with satisfying the introductory bonuses for. When I began to work on my credit in earnest; I got approved for 8 cards within the same 24 hour period. 3 chase cards on the same day (Freedom, slate, and CSP). I had a credit score of 620 and only two cards prior (Capital one platinum and target). 7 years later I have 802 TU / 804 EQ / 798 EX and 17 cards (21 accounts total). Hit them hard and hit them fast. You want to get the clock rolling on AAoA ASAP. You want to maximize your available credit so utilization will remain low. You want those inquires now so they begin to fall off sooner. Don’t be afraid of getting declined. Call up their reconsideration department and talk to them. Getting declined does not lower your credit score except for the hard inquiry. The difference between 5 inquires and 10 inquires is literally a matter of a couple points. Go nuts. Don’t wait until later in life to work on your credit. You’d be surprised how easily credit card companies will extend credit to somebody in their 20s with a decent score and income; until you realize these credit card companies are licking their chops hoping they just got another customer about to have 40+ years of earnings to make they are hoping to get you into debt and take in the interest over that time. Remain vigilant and treat your credit responsibly, and the sky is the limit at what you can reach.