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in 2014, my credit score was 550. I had no credit cards at the time. I applied for capital one and I got approved for the Palatium Mastercard with $300 credit limit. I then applied for the discover card and got approved for $500 limit. Fast forward to 2023, I have 16 credit cards with 265K credit line on all my cards. My credit score is 818 right now.

Your scenario of “going slow” is literally how it happened to me. I got a secured card, then about a year later applied for the chase united club card and got approved for 4.5k then six months later got an automatic increase to 8.5K. The secured card got a credit increase to $450 when it converted to a regular card and they never increased it.

Once again, Adam, you've given me a bachelor's degree in credit over the years of your channel. I thank you for your knowledge, your teaching skills and generosity of time!

I totally agree with your reasoning about the number of cards a person should apply for at certain points of time in their lives. My first Amex Gold was 34 years ago. This past December I decided to hit the credit card points and miles game hard. I have a combo of 9 cards since December 2022. Amex Platinum, Gold, Hilton Honors, Blue Business, Chase World of Hyatt, Chase Business INK Unlimited, Sapphire Preferred, Wyndham Business Earners then finally the Amex Marriott Business card. I know it’s a lot, but I used a lot of them for business travel thus my job paid for them by reimbursement. I started my own LLC and that is why I got the business cards. It’s a juggle, but doable. Thank you for your great videos and information!

I don’t leave comments very often but I have to say your advice is excellent! I wish more people would give this type of advice. Thank you for what you do.

Your advice is sound but sometimes there is a lot of variation in banks...amex vs chase vs capitol one vs citi. It would be useful to have a video on rules of different card issuers.

I liked that I waited after my first card . Ive learned so much before applying for another one that I knew would be very helpful for my needs.

Best advice about credit cards here on YT!!!!! This advice is GOLD to me as I have lived it and have all the cards I want without hurting my score.

Apply for your first card as soon as you turn 18. If you're in your 20's o 30's than apply for it by yesterday, time is key in this game. I applied for four credit cards in a seven month period, but already had three cards before that. Haven't apply for any more cards ever since as I feel I have the ones that I wanted already (both Freedoms, Custom Cash, Discover It, US Bank Cash Plus, Amazon Prime Visa). Now I'm waiting for those four inquiries to drop off my credit report which first one will be in two weeks (all of them will drop this year). It's important to note that my credit score stayed the same (768-771) for almost a year and a half. It jumped 20 points just a few days ago (791). I'm 24 btw

I applied for my first card last year and got a $500 credit limit. Kinda useless. Three months later I applied for a second one and got approved for ten thousand. Who could predict that?

Good advice! In my case I started with 2 secured cards the same month, both graduated at 6-7 months, got 2 personal AMEX cards and 2 business AMEX cards the same year 🤣 I lack moderation 🤣

I went for 4 in the first year lol. I regret nothing. One year of credit history 733 TransUnion Score.

Always straightforward... I like this guy

I agree with the first year thing. After that I feel one every 6 months is ok. You want to get several cards the first few years to help in keeping your average age of accounts always up. We had two cards that were 20 years old so when we started getting a lot more cards our average age plummeted to about 7 years. No concern whatsoever but if you are just starting out, the less cards you have up front the more your average age will plummet. You have to be aware of the various rules, even if they are not stated rules. For instance, there is word of mouth wisdom that Citi doesn't like any inquiries in the six months prior when applying for a credit card. So if you go for a citi card then don't apply for anything six months prior. The apple card is inquiry sensitive as well. After you have a few cards and been established I say stop simping for the cards and these companies. At this point I will go out of my way to apply for several like cards on the same day just to see who approves and who gives better credit limits. Once I got three of the 2% cards in one day, the credit limits were vastly different. Guess which one gets rewarded with the most use? You guess it, the one with the highest credit limit. The others can go pound sand. Shift the power dynamic, make them work for your interchange fees.

not into the slow walking. Haven't had credit cards in years and didn't realize the perks of them. In like 11 months I added 10 cards to my wallet (7 personal and 3 business). Cards range from limits of $500-$16,000. Scores 730+. Gardening for now but will add another 2-3 at end of 2023 or early 2024.

at 21 years old w less than 2 years of credit history i have been approved for 7 credit cards and this year so far ive been approved for 3 cards in the span of 4 months so it’s really just different for everybody and I have around a 750-760 score.

Facts. I have 3 Cards and I applied for each card 1 year apart from the other.

The shade with his honesty. 😂 I LOVE it because he is absolutely correct. Play the long game. 😎

4:36 can vouch for this, my first card had a $300 limit just recently (after waiting roughly a year) got approved for $7000 limit on my second card.

Very sound advice, especially the part about others traveling from referral points!! Run your own race 😊.

Thanks for explaining why my credit limits are so low!! I only get 2.5 to 4K limits and apparently it’s because of that one time I opened 4+ cards at once. I’ve gotta slow down my applications! 😕😮‍💨

Just do your research before getting a card or 2, I got 2 secured cards on the jump 500 / 200 CL after a year 500 jumped to 1500 and unsecured, 200 CL still hardly used for this reason and is also unsecured after about 2 years. Sitting on 6 cards now got the Amazon Card 10K CL Lowes 20K CL Apple 4K CL Alt Go + 1K CL only use it for fast food lol, Have not really done much with my credit after those and it's been about 3 yrs. nearly 770 across the board, paid statements or as much as needed to keep my balances low. Either way lots of great lessons online especially some youtubers like the guy in the video :P PS: Waiting for my inquiries to drop and I'll most likely get more cards.

How often can you apply for a credit card? Everyday until you get denied! 😆

one important strategy I learned from several KZfaq credit sites, is that you should eventually grow your total available credit to represent at least what your total income, or near to it. The reasoning for that strategy is that if you have only ONE credit card (e.g. $4000) and you have an emergency, then if you have an emergency and need to use $3000 out of it then you have 75% utilization already which creates an automatic score reduction on your credit files. So having several cards (e.g. 5-7 cards with a total of $20k available credit) and then utilizing $3000 of it is a 15% and not 75% The plan is to grow your total credit by getting a new one every 6 to 12 months What do you think?

It is definitely good to have a scheduled, timely, paced plan to acquire the GOOD quality credit cards! This from a guy with 20 cards and only 5 are REALLY good!🙄

I got my first credit card in July of 2021 and my second one in September 2021 and my third in October 2021. Then I got the Citi Premiere Card in Jan of 2022 and the Amex Rose Gold in April 2022 and then two Business Credit Cards from Amex. So that waiting a year with one card is absolutely unnecessary.

All depends on your score. Typically if you have a score over 680 and a good track record, personally I would apply for a new card every 4-6 months.

I'm horrible! I get a card and then I want another one and another one. Patience is not one of my strong suits. I have been averaging 6 or so cards per year the past few years. I really need to slow down, especially since I am way over 524 and there are a couple of Chase cards I want. Again, great content!

Age plays a major factor not mentioned. Someone in their early 20's has a better shot at getting approved for a second secure card in their first year. I waited 10 months to get approved for a C.O second card and that was only for a secure card. Also this could happen with the younger generation too. That if you get a secure card you still might need a second secure card after the first one graduates. My credit score hasn't gone up either and going over my 30% utilization hasn't helped. Best advice if you apply for a second under 1 year you could get denied. I wish Adam would mention that a denial is more likely than an approval. With every denial it makes credit card applications worse because one number banks look at how many credit reports for credit were made. I had 4 in a short in a month and got denied by X1 for having this one reason amount a few more. I'm in my 50's and having a blank credit report it my age really makes getting credit really hard.

One every 6 months will keep you under 5/24

This channel is super helpful. I wish I found it earlier than I did. I got my first card a bit late, in October from Discover. It’s unsecured, 2k limit. I had a credit history of almost 8 years w/ student loans and a car loan. 3+ years of perfect payment history on the car, while student loans are deferred still. I ended up applying for the Amex BCE in April and got a 4600 limit. I wasn’t sure if I should wait six months or a year between cards. I’m a grad student and I keep a tight budget anyway so I don’t think it will hurt me too much.

Great Advice Adam.

I was able to get 13 credit cards within a 2 year period and now I have a 779 credit score. I am closing a couple of them now like Opensky and Tomocredit. I have about 5 months before I have 0 inquiries and then I go for the chase cards.

I like how everyone didn’t even comment how bad this video is instead and shared what they actually learned

Thankful for my parents putting me as an authorized user, and for my high salary. I think those two factors have allowed me to be approved for 3 credit cards over the course of 6 months despite having none of my own. Also pleasantly surprised to find that cap one didn’t bucket me and they were the ones who gave me my first CC when I started my job last year. I’m happy in their ecosystem as of now, and will get the VX as soon as I can justify the spend.

My two main goals with my credit score is to have one good enough to get me the cheapest interest rate on mortgages and auto loans, through most lenders. As of now, I perceive that a 780 would be good enough for that. Second, I want my credit profile to not be extremely sensitive to new accounts and hard inquiries. I want to be able to take advantage of rare SUBs and new credit cards without having to worry about my score too much or how it might affect me getting another credit product in the future. My second credit card cost me about 30 points on my credit score, but my 5th card only cost about 15, so its getting better. I would prefer it if my score dropped less than 10 points.

A few things oldest card is 7 years old I have applied for 11 cards in the last 12 months. I got All of them but now most issuers won't approve me for another one. Citizens denied me to many inquiries Wells Fargo same thing Citi approved me for 1 card then denied me the second card for to many inquiries

If it's not Chase the sky is the limit. Lol/24 and really if they're not inquirey sensitive, then go for it. Have 30+ accounts. 🤣

ok my credit history is something... i think im at a point where ive gotten one card every 2 years or atleast gotten approved for them lol so im at 5? cards in 7 years and a 770 ish score. the reason i looked this up to see if it was possible to get 3 cards in a month or 2 and from what your saying its been done before. cause i accidently got a card i cant use for the time being like a month? month and a half ago and i had a different plan in mind lol now theirs 2 more cards i need but i dont wanna get declined for them for having to many accounts open too fast. like tring to get the robinhood gold card and a bank transfer card for consolidation. im just glad to know my chances arent 0

I've been approved for 5 credit cards over a weekend and a total of 8 approvals in one week's time. Half of these were major credit cards like Visa, Discover, and Mastercard. The rest were store cards. My limits were pretty decent in my opinion. I must also say that I went from a 450 FICO score to above 700 FICO scores over all 3 major credit bureaus inside of 6 months. I will admit that my results are not typical. I was able to accomplish this because I came into a large sum of money and was able to pay my debt down from 99% utilization to 0% utilization within a couple of weeks, which is the fastest route to increasing credit scores. In total, I had at least 22 credit cards. To each their own, but I prefer the quicker route.

Excellent video!! Like once Justin from Inbound Points said on one of his videos , he said to be smart how we apply for all our credit cards, because it will start to feel like Pokémon that you just want to catch them all 💳💳💳💳

As someone who only owns no more than four cards at the same time, I'm always curious about how influencers who claim to have 30+ cards can get decent credit limits for each one.

I got my first two credit cards one day after the other then my third after 2 months and then 3 months later my fourth but I’m done till like 1 year from know or maybe even a year and months

I have already 3 credits cards and i only hav 6 month of credit history, 2500 in the first one and 500 in the other 2, i only hav one card that donts hav benefics, the other 2 are very good, i hav 740 credit score😊

I started off last fall and honestly, other than SUBs, I don't think I need anymore cards. My BCE card is managing as a great daily card. I've got a cheesy local bank card for emergencies. MAYBE I get a hotel or extra gas card. Then again, I prefer the slow and sure strategy.

Good information. Thank you

Lots of great advice in this video!

Great content as always, thanks Adam!!!

10:38 Such a great point!! 💯💯

What is the hit to your credit score by applying for credit cards? 2 points? 5 points? And is the amount of points lost multiplied if applying for multiple cards at one time? How long does it take to get those points back? I have questions. 😂

Great work on your videos been watching a few. I applied to a personal cc in April and I want to apply to a business card this month. Does my ding in my personal report affect my business report? Will my personal report be ding twice if I do apply? I have a 750 score that most definitely will go up this month as I have very little utilization.

what do you recommend I go after first, I have Business Platinum, Gold, Hilton Hores, Blue Cash, Plum and Amazon Prime. My credit is 740 across the board. Which personal card should I apply for?

Thanks for the good info. 👍🏻

True. I went crazy applying for credit cards because of watching too much youtube videos. My score from 800 plus went down to 739 in less than three months. I have 4 new credit cards but my score suffered way too much. I had like 7 hard inquiries. Its a mixed feeling situation.

Great video! How often can you apply for a business credit card 💳?

I'll leave a comment, go to the video, subscribe and give this a huge thumbs up. Thanks for the great information.

Very good advice

What u talkin bout Adam...I applied for 99 credit cards in 3 months at Chase and approved for all at 850! 😁😜🤑💵💸

Sagacious words👍🏾

Petal just demoted me to a Petal 1 Rise card which charges $96 annual fee. I didn’t even get good rewards to match $96 a year. I was forced to cancel it even though it built my credit for so many years. I’m pissed because it will hurt my credit for cancelling

Dont get too many on your personal credit. Do credit for business side would keep the dog off your personal credit score.

Glad i found this channel! Thank you!

I just want to know how many open credit card accounts do you have Adam? Not including co accounts with your wife

Proud money Nordstrom and Target are under the same bank, how come the rules are different for Target? They are so much harder to get a increase and Nordstrom’s is easy? Help

Great video as always! Does charge cards count as a credit card? Like AmexGold, etc.. 🤔

"You are ridiculous, i got five cards on my first year" Lol

Very Good👍

Should I apply for a new credit card? I have a credit history of 1 year and 7 months I want to get the Amex gold card but I don’t want to get it if it’s gonna drop my credit too much. I have a 757 credit score

Good tips. Thank you.

Kidn of at the point where trimming down from 7 cards, to 4, makes sense. Is there any downside? Income is decent, score is above 800, there won’t be any CC debt, so utilization won’t be an issue. Is there any downside to closing accounts if I’m not seeking credit? I already have a mortgage.

I wish I would have known this I lost 128 points ಥ_ಥ

At an income of around 35k a year and retired, what shoudl be a good second credit card, i started late building credit and am now around 727. I am looking for a second card with gas perks and stuff. ???

I want 30 credit cards in 5 yrs

Why? Oh why…do ppl still believe increasing your credit limits is THE GOAL! You don’t need to do that if you don’t have higher spending needs. So dumb, it doesn’t make you look rich. Stop! SMH

Zero is the correct number.

So you can state and supposedly follow all these rules when starting out with credit cards but you can't follow the 1 rule from Discover to activate the quarterly categories once every 3 months? Yeah, you are a whiner. Unsubscribing.

Adam, is there a best time during the day to submit an online application for a better chance at approval?

got my first card in 2019 with a local credit union to start building my credit and i started with a CL of $500 about 8 months later i got it increased to $1000. Jan 2022 i decided to get a store credit card (big mistake) not sure what my credit score was at the time but i think it was around 720 and i got approved for $1500. Around aug/sept last year i started to learn more about credit cards and decided to get into the game and apply for chase freedom unlimited and got approved for $3000 my score was 753 with transunion and equifax. I decided to wait 6 months and in march i applied for citi custom cash and got approved for $2900 on credit karma my scores were 761 but on the citi paperwork it said my score was 780. Im looking to apply for the freedom flex next and i want to wait another 6 months but i might crack and apply in June. My score on equifax and transunion is 750 and on experian i think its around 730 right now. I work in retail so my income isnt that high but im not sure how people with lower incomes esp college students get approved for crazy high limits sometimes. On my chase and citi applications i added extra income since i live with my parents, dont pay rent, and they help me out with some expenses. My total credit utilization is also always below 1% and i always pay on time and in full so im not sure why i get approved for low limits. I guess i’ll see what happens the next time i apply