Why I Have 30+ Credit Cards [Churning 101 Fundamentals]

[@kevinjubbalmd]

For those who want to dive deeper, I recommend reddit.com/r/churning and doctorofcredit.com. Those two resources are all you need to get 95% of the way there. The last 5%, which I think is too much effort to be worthwhile for most, is by diving into FlyerTalk.com and other private groups.

[@reginaldbelizaire27]

Glad I found someone who's doing the same thing I've been doing for the past couple of years lol. Love it.

[@aronnathan6767]

InstaBlaster...

[@iggy5895]

Dr. J, this seems like an incredibly important topic for a lot of financially inexperienced students like myself, please keep it going!

[@tstoke7877]

This video had a Graham Stephan feel to it...especially with the plugs to smash that like button. I like it.

[@tysonlucas5748]

Agreed we need Graham Stephan like videos i wish there was 500 creators just like him

[@DanielIles]

Never thought I would see a doctor pinching pennies and churning credit cards. Love the video!!

[@huluplus7002]

? has nothing to do with your career. More to do with how you're raised

[@zahrajohnson8980]

Naw he’s not penny pitching he’s be super smart . My grandfathers a retired surgeon I paid attention to him go in the dealership put the whole car price on his Cc pay it off next month get the points and we’re going on a vacation from his Cc. But when you learn how to use other ppl money and not be ignorant of a title you’ll be more successful in this life.

[@I..cast..fireball]

There are no good jobs left in the US that add value to society.

[@gb5634]

@@I..cast..fireball a poor mans mindset

[@I..cast..fireball]

@@gb5634 there are plenty of jobs that add value to ones own bank account, but hardly any that help society.

[@justin5801]

first time hearing about this. great video! definitely will stay tuned for playlist. im going into my first yr pre-med

[@thomaslee5797]

Hey man I know covid got everything messed up but please don't forget about this series! Im headed off to college in the fall and I feel like this is crucial information for my peers and I, especially coming from you. Thanks man!

[@olafur4590]

This is the first time I hear about this. I am thrilled

[@CherylMarie]

Looking forward to more videos from you on the more advanced churning topics!

[@colinandmeg]

Wow we have never heard this term before, looking forward to watch all of this.

[@EyeWatchU2B]

Really appreciate your take on finance. Just started looking into an online finance class and white coat investor. Gonna sub for you future finance content.

[@User1Mac]

Also could you make a video on how you were raised and what your childhood was like that shaped your good habits? You seem very efficient, and these are things I’m trying to instill in my son. Thank you!

[@User1Mac]

Just finished my residency, wish I had this advice back then. I remember I almost missed an interview because my card got declined at the rental agency. Any ways, subscribed! Good stuff

[@zainakbar6358]

subscribed and used your sign up link... Good luck with your venture. you got this!

[@montezsoliz]

Completely blew my mind. I'm so glad you made this video. Are there a list of credit cards you would recommend for someone like myself that wants to become advanced?

[@IAmConorr]

Hey! Great to meet you at the F1 a few weeks back, hope you enjoyed the rest of your stay in London and us Brits weren't too intimidating! 😂

[@kevinjubbalmd]

Great meeting you too man! F1 was the highlight of my UK trip 🙃

[@loganynguyen]

Seems like you'd need a high burn rate of money?

[@astridflowers8001]

I enjoyed this vid and learned quite a lot. I would love it if you could do a video about student loans in gradshool, how to be smart about them, how you managed to live off it etc.

[@alexbumpers]

Great vid, but I'm a bit confused about what you say at 7:26. Why would you not want to pay your full statement balance each month? Isn't that exactly what automatic payments do? Would love any insight here. Thanks!

[@swimman62197]

Kind of funny timing. I’ve racked up a little over 150,000 points in the past couple months by opening 3 different cards and putting my med school application fees on them to hit MSR.

[@Zzenia24]

New subscriber. Thank you for this info

[@chrisdorio6750]

I did this, 2 years ago, 32 cards 820 score, never over 5% utilization.

[@jtbear77]

Amazing! Wow .

[@Dingdingdangdaizi]

pls make more credit card videos~~~~really helpful

[@leoalphaproductions8642]

This whole idea seems so risky. But I’m very intrigued to learn. So I shall watch.

[@DhananjayTyagi24]

Thanks for sharing the google sheet.

[@winnielygamer]

wait--where is the upcoming / in-depth credit card churning video as promised? :P I was excited for it!

[@kevinjubbalmd]

Coming soon!

[@felixkjellberg9931]

@@kevinjubbalmd narrator: "it was in fact, not coming soon"

[@felixkjellberg9931]

@@kevinjubbalmd love your videos, no disrespect

[@DrAdnan]

Dr. Jubbal really knows how to work the system

[@samdotcom9401]

Yo your everywhere 😂

[@paulc4091]

Great video Doc!

[@028shashinath7]

U r the best Keep doing more of these Please 😫🙏🙏💓

[@PH-xw1ri]

Awesome video!!!!

[@rrrglynn]

Dave Ramsey doesn’t like this.

[@ap3885]

I love Dave and he had a great analogy. Credit cards are like cigarettes. Just because it doesn’t give everyone cancer or kill them doesn’t mean he’s going to recommend them to you. He’s right which is why it doesn’t align with his teaching. But only you know yourself. If you’re financially responsible, you budget, you can control yourself from over spending and pay the card off at the end of the month then you’re capable of churning. I would not recommend this to my wife. She’s responsible but once in awhile I have to keep her in check 😆

[@manictiger]

​@@ap3885 That analogy is stupid as hell. The CPI just showed a 5.5% inflation rate and the real inflation rate is probably closer to 15% - 25%. Only an absolute moron would turn down a 2.9% - 3.5% mortgage or unsecured EIDL loan, or 1% PPP loan. In the hands of someone with an I.Q. above 13, debt is good. Once you can control a million or more dollars worth of assets, you're pretty much invincible, provided you're smart.

[@ap3885]

@@manictiger Where did you get all that from, from that analogy? Credit cards doesn’t ruin everyone but it doesn’t mean he’s going to recommend them. That’s all that was. Nothing in regards to percentages, mortgages and loans. You give credit cards to the wrong person and it’ll ruin them if they don’t have self control.

[@manictiger]

​@@ap3885 Cigarettes ruin everyone. Debt doesn't. Buy in bulk. Take out unsecured debt on appreciating assets. Don't ever pay off a delinquent balance (except your mortgages). If you can't afford to fix your credit score, then you don't have the money to need a good score. It's a force multiplier. If your networth is 1 million, then credit is super-important. If your networth is 0, then credit doesn't mean anything. Just build up networth for 7 years and the derogatories automatically disappear. Ramsey is an imbecile at best and a slaver at worst.

[@ap3885]

@@manictiger He’s not against certain mortgages but we’re on the topic of credit cards here. And credit card is like a drug in the wrong hands. So I don’t get what you’re not seeing in that statement. Not all this other rambling you’re going off on.

[@iAmBrah]

as long as you keep the same utilization, your credit score is unaffected when you cancel a card as it ages on your report for 10 years

[@BrokenStatues7]

Never made a part 2? 👀 so far I’m at the moderate level... just waiting for big purchases before I can do the 3-4 grand credit cards

[@kevinjubbalmd]

Thatll be dropping soon

[@BrokenStatues7]

Kevin Jubbal, M.D. niceeee looking forward to it

[@whatamess8764]

How did you get approved for the credit cards in med school? Didn’t you have no income in med school?

[@collinis1]

X2

[@mastertea8996]

How’d you get approved for credit cards when you were a med student? Did you have income or lied on the apps?

[@nickortega6148]

Purchasing a money order could count as a cash advance on a credit card and incur high interest rates as you're technically borrowing cash against your credit line.

[@zaccheuswilson5297]

Is this just a US thing or can I do this from anywhere

[@mickeyauau]

Please make part 2!

[@mar_zwierz]

Great video ☺️

[@FreeSkillsStyle]

WHAT omg that’s insane

[@paradiseheaven]

I like these types of videos! Advice for day to say realities of living (:

[@JordanLambo369]

Welcome to NYC!

[@knzay]

i tried to apply for a rewards card last week and got denied instantly despite having a great credit score. i thought it was because im a med student with loans, but if you and other med students were able to do this then clearly i did something wrong in the application...

[@VarozPk]

For anyone that is interested in building their credit, I would state that carrying a balance up to the statement closing date could pose a benefit. when carrying that balance up to the statement closing date, a minimum payment would be generated and made due. you could avoid interest and increase on-time payment average when you pay the balance in full by the due date, but hey, not a credit analyst. sometimes if you consistently pay off the purchases you make, it may result in a 0$ balance by the statement closing date, which would result in no minimum payment required.

[@72aquablue]

Please make a video about credit scores! I'm a college student and I'm going to get my first credit card in a few months.

[@cashmaster6166]

Why would you not do manufacture spending? What are the risks associated? It does not seem so bad. Thanks!

[@fchiefe]

I’m $20 richer thanks FRIEND!!!!!

[@annazhao1152]

Hit the like button and commented! Do you recommend investing while in medical school?

[@kofinater]

I don't travel much but the free cash is worthwhile to me. I built my emergency fund churning $100-$300 bonus cards. I think im around 25 cards lost count lol

[@DanishBhatia]

Issuing multiple credit cards would have to pull out your credit report and does pulling out credit report frequently, not have any impact on your credit score? Sorry I am just new to this so kinda curious!

[@hamiltonnewhart3053]

It does in the short term, long term your score with be very stable/high if you actually are paying off the balances as you should

[@justinitsthatguyme010]

Won't you eventually run out of credit cards to apply for ?

[@MrPushupp]

Oh nooo think I’m a chump!😭 can someone explain not paying off the full balance? I have a statement balance, a minimum payment , and a current balance, which one do I pay then !?

[@grantschmidt6669]

Your top 3 credit card recommendations for M2s too busy to get into churning?

[@troyn7511]

Does a balance transfer count towards the minimum spend to get the bonuses?

[@sahilb8409]

so you're saying not to cancel a credit card if it is less than 1 year old. if it is >1yr old, how will that affect my credit score, etc?

[@booster314]

After the sign-up bonus is done, do you just never use that credit card again?

[@kevinjubbalmd]

Depends on the card. Sometimes yes

[@daMillenialTrucker]

@@kevinjubbalmd well dang LOOOOOL thanks for the info

[@billrussell4832]

Hey Doctor, im kind of slow when it comes learning. I've been put on iep my whole entire life since i was 5. Will this affect me in college and med school? I'm interested in becoming a dentist or plastic surgeon.

[@derpyfrog]

WHERE IS PART 2???

[@andresraulmalpartida]

that works if your credit benefits are good in peru they suck sooo.

[@pocojoyo]

What if I lie about my income to get more chances to get a card ?

[@cameronszn9]

Is it possible to CHURN too fast? Spent 2.5k in two full days

[@kenny5930]

I'd like to hear more about why hotel and airline loyalty aren't high value

[@kevinjubbalmd]

Ultimately higher cost

[@sarareyes00]

*FOR FREE*

[@teaismyatp]

Do you have certain credit card recommendations for people with a good credit score?

[@bullittsandbullets1821]

Amie Owen Amex

[@byrongrimsley500]

**** checks my credit cards statement

[@howtomedicate]

30 credit cards! Haha, that is amazing!

[@tylewis7160]

Can you do this with business credit ?

[@Julian-zc9vm]

Churning credit cards only pays off if you are a big spender with a higher income. For the average broke American, churning will not pay off and will only cause them to overspend.

[@thatdude4257]

1:27 I don't think anyone thought that of you.

[@justme-ld9xz]

Any financial advice like overall? I suck at finance lol so definitely not trying any of this haha

[@I..cast..fireball]

Use cc as fancy debit cards. Not as free money. Use cc to get rewards for the expenses you already have.

[@maxwellopoku1581]

Can I partake from a different country? Like from Eastern europe

[@taramisu1483]

Can you elaborate on which credit cards are good for flights, hotels, dining, warranties, etc also how do you determine which cards are worth the annual fee like a charge card such as Amex Gold. TIA

[@rdaustin399]

That outro song was so smooth. Does anyone know the creator?

[@abdelhakmeddoc5568]

Does it apply for IMGs?

[@missmary9526]

I like your T-shirt ☺

[@justin5801]

how important is it to take genetics microbio molecular bio anatomy physiology before the MCAT?

[@kevinjubbalmd]

Yes

[@ohemgeeitsharis]

How did you open up credit cards with no net income during medical school? I tried opening up a few but keep getting denied because my income is 0 as I am not working during med school.

[@kevinjubbalmd]

Opened first card in college as a joint account. Built credit there. Also worked a job in college.

[@jialitan4689]

Isn't a stable income required to open credit cards? Can I open multiple credit cards as a poor undergrad with little income? Also, Can you make a video of the credit cards with the best perks haha

[@thomas.02]

there's always the option of testing the waters now and ramping up later as you see fit

[@monishalewis1276]

Interesting

[@scott83gmail]

So is the benefit of credit card churning only free travel benefits?

[@spookylukey97]

Nothing is for free. It’s included when you spend x amount in y amount of time.

[@Joe-gi3nj]

If it’s money you will be spending regardless (I.e. rent/utilities), then it’s free money If you spend money you otherwise wouldn’t spend, then the sign-on bonus isn’t free

[@jayc4715]

It is free

[@jermiah123321]

Dave Ramsey is shaking rn 😂😂😂

[@mrstealth777]

Ur parents face when u say u didnt get help from them… 😐

[@seokkchan993]

Does this apply to Debit Cards as well? I can't really fully understand or grasp the difference between the two.

[@kevinjubbalmd]

No debit cards generally don’t have the perks, the bonuses, or the fraud protection

[@seokkchan993]

@@kevinjubbalmd Oh, okay! Thanks for clearing up. I currently have a debit card and my peers would usually mix both for one another or mistake it to be the same thing.

[@getsugatenshoFTW]

If you really want to cancel, ask for a retention offer before canceling!

[@kevinjubbalmd]

Agreed

[@phillipdeck933]

I called to close my account because interest rate too high, they asked if l can keep the card if they lowered my rates l said sure. It went from 18 percent to 13 percent.

[@michaelvalenzuela7723]

Are there any specific cards you would recommend for a medical student with only loans as a financial source, and who has never had a credit card before? Trying to build credit currently in order to get some of the cards with good travel benefits for future interviews.

[@ethannguyen866]

Borrow money against your own to build credit to get credit cards. Or just start with small cards. Just contact those companies and they will work something out with you.

[@ivanballesteros3179]

For free

[@ginal6557]

I already have 7credit cards and thinking of canceling 4 of them. What do you think? I don't have any airline credit cards and my husband is MS 2 (starting 2nd year this fall). I would like to save some points for future traveling for his rotations. So since I heard too many credit cards are bad, I was going to cancel 4 of them and make new ones. But I just don't know what to do after watching this video. I might don't have to cancel any of them??

[@califlorican]

Leah M if they don’t have annual fees, there is zero reason to close a credit card account. Your credit score is actually helped by keeping accounts open longer.

[@moeelmasry2331]

This video...for free

[@provyprov]

I wanna go back in time and punch my idiot 22 year old self in the face for not doing this sooner. I’m literally the perfect candidate for credit card churning and I just didn’t do it out of laziness and misunderstanding… literally could’ve probably saved myself like $50,000 by doing it. Dang it

[@kevinjubbalmd]

Better late than never

[@tevinheath3997]

I know you mentioned that you would pay your mothers bill and she gives you cash back. But my question is living independently on your own is credit card churning possible. If so, can you address this in another video?

[@kevinjubbalmd]

Yup, paying rent with credit card helps meet MSR

[@tevinheath3997]

I see so you mean although I would technically have the funds for rent anyways. Pay it with the Credit card by pack the credit with the cash I had already and stop once I hit the minimum spending requirement over the year?

[@evanhughes9576]

Fer free

[@sunnc]

5:22 Never spend $ you wouldn't normally spend. Pay something for someone else on your credit card (& they pay you cash etc.) so you can get the bonus instead. Never pay interest on your credit card. Avoid churning prior to taking out a mortgage or car loan. Avoid cancelling credit cards. Downgrade instead after 1 year. Personal capital & intuit mint to track multiple credit cards. Keep a spreadsheet (template in description).

[@andrewdelgado183]

I more into girlfriend churning.

[@kevinjubbalmd]

Lol

[@andrewdelgado183]

Kevin Jubbal, M.D. in all seriousness I have been looking into this topic so thank you for the info

[@ericmanso7355]

I’ll bet your credit scores in the 800s

[@smegleymunroe863]

Usury is haram

[@Damo_LowEnd_or_NoEnd]

He talks so fast

[@brim3384]

Where do you store 30 credit cards ?? Lol

[@becky8825]

thats 30 hard inquiries:)

[@kevinjubbalmd]

Not if you combine hard pulls or do business ;)

[@kofinater]

Hard inquiries only effect 10% of your score for a year. I have 20 hard inquiries on exprian and havnt dipped under 750. Different banks inquiry different credit bureas so there is some strategy to keep per bureau inquiries low.

[@annv6781]

You Americans really know your stuff

[@merzurkayintonski6283]

What’s in your wallet...?