My 7 Credit Cards and How I Use Them

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My 7 Credit Cards and How I Use Them

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Personal Finance with Leila - Debt Over It

Күн бұрын

My 7 Credit Cards and How I Use Them:
Chase Freedom Flex:
-Groceries (5%)
-Travel (5%)
-Dining and drugstore (3%)
-Quarterly 5% categories
Discover Card:
-Quarterly 5% categories
-'Other' category 1% but technically 2% since they match my cash back for the first year
Bank of America Cash Rewards:
-Online shopping 3%
Capital One Venture One:
-'Other' category 1.25 points so I'll go back to this after my Discover year expires
UPromise:
-Oldest card and I only use every 6 months or so for a $5 or less purchase to keep it open
Barclays Apple Rewards:
-Second oldest card (same as above applies)
Care Credit
-I never use this, just keep it open in case
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Пікірлер: 66

@moneybee 3 жыл бұрын

It's so fun learning whats in peoples wallets! When used correctly, credit cards can be such a nice wind at your back! Really nice walkthrough!

@PersonalFinancewithLeila 3 жыл бұрын

Thank you!

@lotto5742 2 жыл бұрын

I have 9 credit cards and each serves a different purpose. One for gas, one for entertainment and dining, one for groceries, etc.

@PersonalFinancewithLeila 2 жыл бұрын

Love that! Credit cards are awesome

@minnienartanaid 3 жыл бұрын

Great video Leila! I think it is very fun to be competitive with trying to get the best cash back for whatever category you're spending on as well. It excites me knowing I got 5% cash back for buying my groceries using a credit card versus a debit card where you don't get any rewards at all. Also get exciting when you get to redeem the cash, passive income like you say is awesome 😎

@PersonalFinancewithLeila 3 жыл бұрын

I remember my statement dates because I know after they pass I'll get my rewards 😂 It is super exciting!

@djpuplex 2 жыл бұрын

You can close a old credit card it stays on your credit history for five years. Removing a card can effect your credit via raising your utilization not your age.

@ajulydreamer 3 жыл бұрын

I think it’s impressive that you have that many cards and are good at managing them. For me the temptation is too high so I keep only 1 (had 2 but closed one) which serves my purpose (points + cashback).

@PersonalFinancewithLeila 3 жыл бұрын

Yeah it's definitely not for everyone! I'm glad you understand that about yourself though and are responsible!

@rachaelv1140 3 жыл бұрын

I currently have two credit cards. One I use for gas and bills. The other is used for groceries, misc, household items, etc. The rewards are about the same on both. My Sam’s Club card just does in store credit, so that is why I choose not to use that one as much whereas my Costco cards gives me a check every February. Credit cards are great when they are used responsibly. When you start carrying a balance from month to month that is when they become a problem. I have done one promotional card. Paid it off in six months and canceled it. That one didn’t hurt my credit score because there was not much history on it.

@PersonalFinancewithLeila 3 жыл бұрын

Definitely agree, always got to pay them off!

@TJwasHere92 3 жыл бұрын

This was a great video & thanks for that gift card tip @ the grocery store!!

@PersonalFinancewithLeila 3 жыл бұрын

Thank you! And yeah I just might end up buying $1500 in grocery gift cards next year 😂

@mrchase1 3 жыл бұрын

This is certainly motivating me to switch to my reward cards instead of my debit card. The temptation to use credit cards irresponsibly is not an issue.

@PersonalFinancewithLeila 3 жыл бұрын

Yeah I know you would be responsible with your spending and you would actually probably make more than I do!

@otisbloo 2 жыл бұрын

Your voice is very soothing!

@PersonalFinancewithLeila 2 жыл бұрын

Thanks! 😊

@otisbloo 2 жыл бұрын

@@PersonalFinancewithLeila you’re welcome! So how many cards do you have now since the video? Did you add any good ones?

@JaniVMD 3 жыл бұрын

I am definitely getting a new card next year when we move since I will get reimbursed and we will need a lot of things. Love this video!!!

@PersonalFinancewithLeila 3 жыл бұрын

Thanks Jani!!

@ronettemalone 3 жыл бұрын

Leila!!! You are sooooo close to your goal of 5,000 subscribers! 😍

@PersonalFinancewithLeila 3 жыл бұрын

So exciting!! 🙌🏻

@PersonalFinanceWithAshtyn 3 жыл бұрын

I just got a discover card an am using it for gas right now! Hopefully I’ll be getting a lot back with the matching and the 5% right now!😁😁

@PersonalFinancewithLeila 3 жыл бұрын

Yess so exciting!!

@MissEnglish123 2 жыл бұрын

I’m a person who gets easily bored & I found ur credit card strategies quite interesting 🤨

@miamercedes7766 3 жыл бұрын

Love this information, thank you.

@PersonalFinancewithLeila 3 жыл бұрын

Thanks Mia!

@coreyfuggins2945 2 жыл бұрын

Thank you so much for sharing!

@PersonalFinancewithLeila Жыл бұрын

Thanks for watching!

@kmque3166 2 жыл бұрын

The new citi custom cash card is awesome u may want to get that one on next card pull.

@PersonalFinancewithLeila 2 жыл бұрын

I applied and got approved last month!! I should be getting my bonus in a few days. It's definitely a great card!

@DugrozReports 8 ай бұрын

You didn't tell us which specific CapitalOne card you have, but from the 1.25 miles on each purchase, I'm guessing it's the VentureOne.

@PersonalFinancewithLeila 8 ай бұрын

Yes that's the one! Sorry about that I also have the Venture X card now and I love it!

@DugrozReports 8 ай бұрын

@@PersonalFinancewithLeila Massive upgrade! What’s your favorite redemption?

@PersonalFinancewithLeila 8 ай бұрын

@@DugrozReports I ended up using my cash back to cover a full 6 nights for our Airbnb in Costa Rica!

@RainbowVegansRock 3 жыл бұрын

You're definitely proof that you can use credit cards sensibly and make use of the benefits. I've had several credit cards and just stopped using them when the 0% interest stopped, oops.

@PersonalFinancewithLeila 3 жыл бұрын

I wouldn't say oops! Lol I know for some people it's not worth the effort/extra thing to remember so it can be easier to avoid credit cards!

@RainbowVegansRock 3 жыл бұрын

@@PersonalFinancewithLeila Yeah you're probably right. Paying attention to cash back on credit cards seems to be a great way to get passive income, I'll bear that in mind for the future. Thanks for your knowledge. 😊

@bfmzgaming2131 2 жыл бұрын

she is so beautiful and smart.

@georgina4874 3 жыл бұрын

Great video.

@magomago7819 3 жыл бұрын

Cap 1 cancelled it's travel benefits, what are some good cards for travel(auto rental insurance for example)

@PersonalFinancewithLeila 3 жыл бұрын

I use Bank of America Cash Rewards to get 3% cashback in travel, but otherwise I believe Chase Sapphire Preffered has a huge travel bonus right now!

@thelight3270 Жыл бұрын

How do you see a list of all your credit cards and how long you’ve had them? Is that from a credit report?

@PersonalFinancewithLeila Жыл бұрын

Yes or you could use an app like Credit Karma

@thelight3270 Жыл бұрын

@@PersonalFinancewithLeila thank you!

@thatoneguy94512 2 жыл бұрын

You should come to tampa and come shop with me 😉

@ESSHD 2 жыл бұрын

Very Beautiful!

@rfernandez1648 Жыл бұрын

I use to do this but I stopped back in 2019, I put my entire vacation on the Barclays jet blue card, I had 7000 saved for my vacation and spent 6,324 for the points. I came back to a surprise 2500 IRS bill, the brakes in my car had hit the floor, and my 17 year old son, who bares my name, had taken the Liberty to quit his job and use my Bank of America card to splurge on Uber eats/door dash and Xbox games… totaling over 4000. Then A month after returning from my vacation I needed surgery to remove a cyst on my throat 1500. Needless to say that is when I had what Dave Ramsey refers to my “OH CRAP” moment. My total Bank of America balance had ballooned to 9500. 4 years later I am still paying on my card because Bank of Americas “investigation” determined that the charges were legitimate. Play with snakes and you will get bit was the lesson learned.

@princessmeganelsa8952 2 жыл бұрын

7 credit cards wow i rather stick with 1 credit card easy for me lol 😆😆 just gettin use to my new platlium card 🌹💗

@PersonalFinancewithLeila 2 жыл бұрын

Yes definitely personal preference! 1 is perfect 😊

@princessmeganelsa8952 2 жыл бұрын

@@PersonalFinancewithLeila 😊😊😊❤️

@DB6904. Жыл бұрын

Hi, question have you been able to still keep your care credit card open? If so do you put any spend on it?

@PersonalFinancewithLeila Жыл бұрын

That one closed after no use for awhile!

@DB6904. Жыл бұрын

@@PersonalFinancewithLeila I'm sorry to hear that.

@j.r.1426 2 жыл бұрын

Nice video have you added anymore credit cards

@PersonalFinancewithLeila 2 жыл бұрын

Thank you! I have! 2 more this year lol plus the Upgrade card which I got a $400 bonus from

@ericsavage215 2 жыл бұрын

@@PersonalFinancewithLeila Hi there, I’ve actually received multiple offers for various Upgrade cards. Other than the bonus, how do you like the card so far? I’m into credit cards myself. I currently have 22 active accounts. I’m feeling your channel and keep up the good work 😎✌🏾.

@LA-py2iu 3 жыл бұрын

That was my first card, too with Barclays! It’s my oldest account and now my highest limit. It only grew that much since I used it so much for balance transfers and mistakes in the past 😳 Edit to add: had banana republic card first but closed it. Care Credit: promo over $200 starts at 6 months and the 0% promo time increases with more spent

@PersonalFinancewithLeila 3 жыл бұрын

We have similar credit card history lol since I had and closed my Macy's card first! Barclay doesn't have any good rewards unfortunately