The ABSOLUTE BEST Beginner Credit Cards (2022)

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Күн бұрын

In this video I discuss the best Credit Cards for Beginners in 2021 with no annual fee, good cashback rewards, interest rates, and ease of application in mind.
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You'll notice a common motif and theme here with all of the cards I am suggesting you take a look at - and that is that they have no ANNUAL Fee.
That is one of the biggest factors to consider when considering whether or not a credit card is good for beginners or not.
1) No Annual Fee.
And this doesn't mean it has no annual fee just for the first year, which many credit cards these days have - they like to offer you a promo for no annual fee the first year, but then they tack it on later. As a first time card holder, I would just go with something with 0 annual fee for life.
2) Low interest %. Now, if you're being responsible you ideally have 0 balance from month to month, which means that you owe the credit card company 0, but sometimes life gets in the way, a low interest rate is going to help you out here.
3) How good are the benefits/cashback? They have to be worthwhile to make it more valuable than using a debit card at the very least
4) How easy is it to sign up for and actually qualify for? We want to be targeting cards that we have a good chance of applying for and actually being approved for early on in our credit card journey.
Cards for 2021:
1. Discover It Secured
This card is one of the best first time cards, because when you're someone that doesn't have any credit, it's hard to establish a credit history.
A secured card essentially is a card that you need to put up collateral for. So you give Discover a low deposit (usually around $200) and in exchange they give you this card so that you can start spending money on it and building your credit.
After about 6-12 months of on time payments, you will be upgraded to an unsecured card which means they'll give you back your deposit.
2. Apple Card
The Apple Credit Card is actually issued by Goldman Sachs, and came onto market in recent years.
It is on this list because of how easy it is to apply for. One of the biggest barriers to actually applying for a credit card is that a lot of people are intimidated by the application process. Apple makes it super easy to do by doing it all from your phone.
It has good cashback rewards and transparency when it comes to your spending.
3. Visa Petal 2
The Petal 2 is much more straightforward, which is just 1% cashback and up to 1.5% cashback on eligible purchases. Beginner friendly, easy to apply for.
4. Wells Fargo Cash Wise
This ugly yellow card is actually one of the best flat-rate cash back cards out there for beginners.
Interest rate is actually 0% introductory for the first 15 months, and then 14.49% after that.
You get 1.5% flat cashback on everything, I love this, its so straightforward. This is like a mini Citi-Doublecash card.
Lastly, you also get $150 cash back when you spend $500 in the first 3 months, which means you get 30% cashback on your first $500 spent with them.
5. Bonus: Citi DoubleCash
Gives you 2% back on your purchases, it's one of the best cashback cards out there, and also has $0 annual fee.
It is one of the best cards out there so essentially your strategy when it comes to your own credit card journey should be that you apply for one of the first 4 cards i mentioned today, spend money on it for about 6-12 months and continually pay off the balance in full every time.
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0:00 Intro
1:10 Why Credit Cards?
2:07 Benefits of a Good Credit Score
3:36 Criteria for Beginner Cards
4:52 1. Discover It Secured
6:01 2. Apple Card
8:36 3. Visa Petal 2
9:37 4. Wells Fargo Cashwise Card
10:58 BONUS: Citi DoubleCash Card
11:59 A note on Credit Utilization

Пікірлер: 585

@matthewroth1 3 жыл бұрын

Got my first credit card at 18, a few years later I bought my first car. Having established credit going into your 20s is so, so, so important. School needs to have more banking and insurance advice.

@michaelparamo3634 3 жыл бұрын

Schools just don’t teach this for some stupid reason. I didn’t get my first credit card until I was 21 because I didn’t want to “borrow money”. When it came to buying my first car I couldn’t get approved.

@Spideythoughts 3 жыл бұрын

How where you able to get a credit card what company did you use?

@toryjaeger8557 3 жыл бұрын

@@michaelparamo3634 schools don't teach us this because they're ran by the government and the government is ran by corporations that profit off of us being poor.

@johnsamsjr8670 3 жыл бұрын

Why would school teach this That would mean we would have more millionaire's And they don't want that

@C3NTesports 3 жыл бұрын

No no no please consider the idea that you do NOT need credit of any kind. It is completely possible. Please please please look into Dave Ramsey's Financial peace University!!

@Turksz 2 жыл бұрын

This dude just taught something that would take a highschool teacher days, in just 15 minutes and had all the information ever needed. Great vid man!

@humphrey 2 жыл бұрын

Glad I could help!

@harjeetsingh6853 3 жыл бұрын

High school is a bunch of wasted time, they gotta have more financial stuff... Thank You 🙏

@humphrey 3 жыл бұрын

yes! you're welcome

@daftnord4957 3 жыл бұрын

exactly, my personal finance teacher in high school only told everyone that credit cards are the devil and to NEVER get one... other adults also told me not to get credit card

@LiLsIcKViDeOs 3 жыл бұрын

Nobody stops you from learning this stuff in highschool on your own. Quite frankly the people that are into this will get into this whenever is right for them. Others would just ignore it like any other subject in school.

@Eric-jo9oj 3 жыл бұрын

Harjeet , you have Freedom to learn the knowledge. School is just a small step in Life. Most important is to Free your mind and learn . Narrow thinking will stunt your growth.

@kris6682 3 жыл бұрын

Learning this stuff in my 30’s and feeling stupid along with disappointed in the generation before me. I couldn’t agree with you more.

@gillianm8666 3 жыл бұрын

Would you ever consider doing a video credit cards when it comes to airlines and which ones are worth it and what not?

@sirrogeriii9628 3 жыл бұрын

Very well put together videos. Liked and subbed. I love how organized you are and how detailed the description is! Super helpful man thanks a bunch

@humphrey 3 жыл бұрын

Thanks for the sub! Appreciate it Seth!

@cityscapesoundss 2 жыл бұрын

I watched so many videos trying to see what’s best for a beginner and none of them were as straight forward and easy than yours, thank you sm

@pinkishdelight93 3 жыл бұрын

Thank you. Very informative. Wished school teaches u this before getting into university. If only I knew this 10+ years ago. It seems discover fits my financial needs. Wish me luck.

@kidnpigtogether 3 жыл бұрын

The only thing educational systems do is teach you how to prostitute your life away to a job(corporation).

@HoLotOfLove 3 жыл бұрын

Just subscribed! Very informative and easy to follow. Thank you for the card recommendations. Going to binge watch all your videos and soak in all the knowledge I wish they taught us in high school! lol

@MitchyBeee 3 жыл бұрын

Thank you so much for this omg I was getting scared that all the cards were gonna need 500$ to secure it and that’s all the money I have saved rn and it was discouraging me but this made me feel sm better

@556mystery 3 жыл бұрын

WOW!! This came at the PERFECT time!! Thank you Humphrey!!

@humphrey 3 жыл бұрын

You’re welcome!

@anthonywhite9828 3 жыл бұрын

I fixed my bad credit report with the help of a credit repair specialist at Credit Patch-Up LLC called Michael Gibbs [Gibbs@Creditpatchup.com] who I was referred to by my colleague, they helped me improve my bad credit, erased all the negative items affecting my score negatively and pay off collections. I now score an excellent 790+ across all 3 major bureaus. Feel free to reach out to him for help at [Gibbs@Creditpatchup.com] for excellent credit score.

@KevinYang 3 жыл бұрын

Awesome list! I'd also add that the $0 Annual fee Chase cards are amazing as well, especially the Flex with the 5x on rotating categories and the 3x on dining/drugstore. Also starts the Chase trifecta (CSP/CSR?) for the future to make those points even more valuable!

@humphrey 3 жыл бұрын

Great points on all.

@zinknot 2 жыл бұрын

I don't trust Chase. It's a criminal organization that rips people off.

@jacobmendoza1466 3 жыл бұрын

I've been working on my credit and this video really helped me on alot of questions I had. I wonder which would you prefer if you had to choose one?

@christianbailinson712 3 жыл бұрын

I’m 20 and struggling big time, getting a new Car/Truck. Not enough credit. But this is helpful. Really wish they would have taught some of these kind of Life Skills in school

@benny-n-the-jets7052 3 жыл бұрын

I went: 1. Discover secure 2. Capital one Platinum 3. Apple card 4. American express blue cash Only one I kind of regret is the “capital one platinum” but looking to upgrade to another capital one that actually gives rewards. Favorite one has to be “amex”.

@rodgerdodger2459 3 жыл бұрын

Maybe a higher Amex, gold?

@smear6uard Жыл бұрын

Is Apple Card worth it because it doesn’t have sign up bonus

@brucekai7462 3 жыл бұрын

New subscriber! Love the content dude. Do you have a video breaking down all of the accounts/banks you use and what you use those particular accounts for etc?? Would love to see how you split your funds and with what types of accounts etc. keep the 🔥🔥 vids coming. Been a great help!!!

@humphrey 3 жыл бұрын

I dont but thats a great idea, its not sexy by any means, just standard but could be good content haha

@Datkayluhh 3 жыл бұрын

Thank you for the recommendation of what credit cards to use I just turned 18 and was trying to figure out which credit card is the best to start off with and this video really helped!!

@craigbrandon3587 3 жыл бұрын

Hello there

@hazelbryn 2 жыл бұрын

Thank you for this video! I just applied for the apple credit card, got approved, and set up apple pay. Its available to use right away. You’re the best!

@realtormama 3 жыл бұрын

Thanks for All this SUPER valuable information! Subbed and liked!

@ae3446 2 жыл бұрын

Ily bro lmaooo I just got my first credit card and I don’t know where to begin, I read all the paper documents that I got from the credit company and got some of an idea of what to do, but I needed more! I know your from tiktok and this video explained very well on what the credit utilization is and now have a better understanding. Thank you 💪🏽😎

@yaniidiazz 3 жыл бұрын

did a very great job at explaining, thank you !

@Lzrtetech 3 жыл бұрын

First time looking at your videos awesome job already subscribed and looking forward to learn more thanks a lot

@humphrey 3 жыл бұрын

Thank you Alberto!

@yessicagonzalez2341 3 жыл бұрын

I have a question is the cash back like on the Wells Fargo credit card yours to keep. Like the $150 for the first 3 months. Thank you. Great explanation of video.

@RobbieCorbett 3 жыл бұрын

Brilliant stuff Humphrey, remember me when you're at 1 million subscribers!

@humphrey 3 жыл бұрын

Remind me you wrote this if I hit a million and I’ll do something special for ya

@RobbieCorbett 3 жыл бұрын

@@humphrey I'll hold you to that!

@CALgal387 3 жыл бұрын

Great video for beginners! Definitely made me more confident to start my credit! 😁

@C3NTesports 3 жыл бұрын

No no no please consider the idea that you do NOT need credit of any kind. It is completely possible. Please please please look into Dave Ramsey's Financial peace University!!

@maxmonahan5934 3 жыл бұрын

Good video Humphrey, just liked! :) Definitely got some solid info here, thanks so much for the content. Keep up the great work, and I look forward to future content!

@humphrey 3 жыл бұрын

Great to hear :) glad that you got some info out of it

@maxmonahan5934 3 жыл бұрын

@@humphrey Of course! Keep it up.

@chowder2260 2 жыл бұрын

yes, thank you so much for this video!!! very well explained with no fluff.

@harrajsingh214 3 жыл бұрын

Best timing for this!!!

@humphrey 3 жыл бұрын

Thanks! Ignore the bot comments btw.

@makalehelie 3 жыл бұрын

Thank youuu this is super helpful

@humphrey 3 жыл бұрын

glad you liked it!

@Chadley.Johnson 2 жыл бұрын

Great video!! Thank you for all the info!🤘🏻🙌

@miguelnava7389 3 жыл бұрын

Great vid Humphrey! I was looking into the Discover cards and noticed there is also a Student Cash Back Credit card. I’m in college, would this be a better option than the Secured credit card you mentioned in the vid?

@kenzeyl9510 3 жыл бұрын

Yes

@NoahWisniewski 3 жыл бұрын

this was sooooo helpful humphrey thank u soo much

@manuelcarrasco7090 3 жыл бұрын

Thanks for suggesting the Wells Fargo card 🙂

@Skipboso4 2 жыл бұрын

Thank you for creating this video!!!!

@hughesvernon9092 3 жыл бұрын

Love the content!

@humphrey 3 жыл бұрын

Thanks Hughes!!

@ryanbroniecki3193 2 жыл бұрын

Hi Humphrey, thanks for a great video. Do you think the Southwest Rapid Rewards card with Chase is okay for a beginner?

@humphrey 2 жыл бұрын

It is decent but a lot of the rewards will be tied to southwest so that is up to you

@bluedogviking 2 жыл бұрын

Great video just subscribed. Honestly I only use my credit card aslong as I have the same amount in my bank account, not sure why so many people don't pay it off on time.

@garjay-le6hq 2 жыл бұрын

Hey Humphrey, I currently have a 704 credit score and I have 4 credit cards right now. I want to get the chase sapphire preferred next, but my credit age is 6 months. Should I wait for my credit age to at least get to a year, or should I try to apply for it?

@allisonvalentine8356 2 жыл бұрын

That was super helpful!

@damedolla9255 2 жыл бұрын

love this video!!

@Hookedupfishing0311 3 жыл бұрын

This was very informative and nicely explained!🤙🏽 definitely subscribing!

@follown0707 3 жыл бұрын

Love the "like a mustang line"😂

@mckay7773 3 жыл бұрын

Thank you!!!

@JMan171 3 жыл бұрын

Great vid made me sub

@literallythelamest2177 3 жыл бұрын

Thank you!

@Tylxh 2 жыл бұрын

I just got the capital one platinum secured card as my first credit, kinda sad it wasn’t on this list, should I get one of these if I just got approved for my capital one platinum secured yesterday? Or should I wait a while?

@grinchtv8743 2 жыл бұрын

You made me chuckle...that's hard to do. Congratulations. 👏

@ani5299 2 жыл бұрын

Question…. When applying for a credit card they tend to ask you for your annual income, but what happens when you an 18 year old college student and have no more than 2 months of working an actual job? What annual income to you put in those case? Your own or your parents? Or do you just give an estimate of what you might earn that year yourself in your job?

@MysterioTGN 2 жыл бұрын

I put the annual income of my job + any money I would regularly receive from my parents in a year. So, for example if my income is $12000/year, but I get $4000/year from my parents for rent/utilities/tuition whatever, I would state my income at $16000.

@samech1552 2 жыл бұрын

I love this. It’s so simple and clear. I now know what credit card I want to apply for and I feel confident doing so!

@sleeksonic3672 2 жыл бұрын

hope it all works for you, good luck!

@chasep5936 2 жыл бұрын

Nice video! Just got approved for the Apple Card! New subscriber here!

@lightsource_2226 2 жыл бұрын

Thank you amazing video🔥

@charlenelariosa8797 3 жыл бұрын

Thank you for the insight, very helpful!

@humphrey 3 жыл бұрын

Glad you enjoyed it!

@charlie-chats 3 жыл бұрын

Hey Charlene, if you decide to use Discover, DM me on instagram and I will send you my referral link which will get us both a $50 statement credit if you apply and get accepted through my link. insta: charlievelazquez25

@warren_tedford 2 жыл бұрын

Love the vid

@abigailgamboa2843 2 жыл бұрын

would you suggest applying for multiple cards as a beginner?

@christianbremicker9223 3 жыл бұрын

Thank you

@larryjag2717 2 жыл бұрын

How should I go about applying for multiple cards and is it a good idea to have more than one card at first?

@sam9242 3 жыл бұрын

I won't touch Wells Fargo, but the Propel card does a lot better than the Cash Wise in most common spending catagories. And, no fee.

@SturjaUSMC 3 жыл бұрын

What if the benefits you can utilize throughout the year make up more than the annual fee cost? For example WiFi credits on flights, food discounts, and waived fees you would normally have to pay.

@humphrey 3 жыл бұрын

Well all these don’t have annual fees. But on the cards with annual fees the points that you get for spending money should make up for your annual fee. And waived fees on different things like travel etc

@anthonywhite9828 3 жыл бұрын

@diegopadilla-garcia4169 2 жыл бұрын

So if we shouldn’t go 30 percent above our limit but we want to buy a new phone that cost 800$ and our limit is 1000$ we are better off paying cash or what do you recommend?

@oyebandedoyinsolar1112 3 жыл бұрын

Hi Humphrey. Can I apply for the Apple Card and the chase card as well?

@colinnicholson5727 3 жыл бұрын

Hey Humphrey! Such a great video! I wonder if I missed a video, but do you think we could get a video about cards and maybe future moves about rebuilding credit? Or just generally improving a score if you're like me and have a decent score, but not too great. Thank you again!!!

@daftnord4957 3 жыл бұрын

Is there another video about what credit cart to get when you already have terrible credit score? Or is that covered well enough in the first card you mentioned

@humphrey 3 жыл бұрын

Discover It Secured, should do the trick.

@HammerFitness1 2 жыл бұрын

Are any of these cards acceptable for someone post-bankruptcy, rebuilding their credit?

@jessepleytez7899 3 жыл бұрын

I’m thinking of applying for the Wells Fargo and the discover secured card. Should I only get 1 if I get approved for both? Also, I’m a student so is there a benefit for getting the student chrome or the student cash back rather than the secured credit card??

@nicoleeid4905 3 жыл бұрын

Student cards are easier to get approved for, only apply to one at a time. Being pre-approved doesn't mean your approved. If you're curious the major differences between the cards just do some comparisons on what they offer

@Phantomryuuu 3 жыл бұрын

Honestly I’d avoid welsfargo! Discover it student card or secured card is good!

@jakeloberg6588 3 жыл бұрын

I’m looking at buying my first car soon and I’m already pre approved for my loan, but I don’t have a credit score yet. Would you recommend paying my payment with one of these cards?

@humphrey 3 жыл бұрын

Yes, if possible, it will help build credit for a payment you're already going to be making.

@bornconfused9064 3 жыл бұрын

Is the Costco anywhere Visa card a good 2nd credit card for a 18 year old?

@jadooe5519 3 жыл бұрын

Thank youuu I’m 18 and going into sophomore year of college and really wanted to start building my credit with a credit card

@Coffee23. 3 жыл бұрын

Same but im 19

@kageyamasmiling 3 жыл бұрын

same but im 20

@isabellavazquez-muniz9250 3 жыл бұрын

@@kageyamasmiling same but im 21

@returnz897 3 жыл бұрын

@@isabellavazquez-muniz9250 same but I’m 75

@Spideythoughts 3 жыл бұрын

What company are u using

@louisjimenez8576 3 жыл бұрын

I love Humphrey

@noname5905 2 жыл бұрын

Will I know the amount of the credit limit for the card before I’m approved? Or do I have to apply first?

@vfletes1 3 жыл бұрын

Question...if i make a purchase on the 5th by when should i pay the balance...a week after or at the my due date of avery month... Trying to avoid the interest obviously...thank you

@nicoleeid4905 3 жыл бұрын

As long as you pay before the due date you're fine.

@estherpowell2638 2 жыл бұрын

in Jamaica we get rewards with both debit and credit cards not from all the banks here though but I do from NCB

@daejharivera8845 3 жыл бұрын

Do you recommend having a higher credit line like 500$ rather than the 200$ minimum to build More credit ? Also , do you recommend opening multiple credit lines as a first time credit builder (credit union?)

@nicoleeid4905 3 жыл бұрын

Do not open multiple credit cards as a first time credit builder. Only open one, the more you open at once, the more desperate you look to credit cards and on your report. This makes you a riskier person to give credit to and you'll be less likely to get accepted. Of course your credit line should be based on yourself and your self control, but generally the higher your credit line the better. This is because one of the important metrics used to build your credit score is "credit utilization" which is basically, what percentage of your credit line are you using each month? So $100 on a $200 credit limit is 500%, $100 on a $500 credit limit is 20%, a big difference!

@daejharivera8845 3 жыл бұрын

@@nicoleeid4905 thank you!! I just got Approved for the discover it and put the 200$ minimum. Do You recommend only using around 15-19$ a month being that is the 9% credit utilization?

@4daculture263 2 жыл бұрын

@@daejharivera8845 if your doing “secured” credit cards you can open as many as you can afford cause at the end of the day your using your own money as credit to start off with. Eventually when you start being approved by regular unsecured cards that’s when you take your time, I’d say maybe 2-3 new cards every 3 months. Credit karma shows you your chances for approval for credit cards also which is a good tool. Credit unions are good to start with cause they tend to be more generous in the long run and just keep any credit card under 30% utilization unless it’s an emergency.

@leemcmullan 2 жыл бұрын

yes i did my discover it card with 1500 as a deposit and got it all back :)

@jazzysmith1856 2 жыл бұрын

I got a Discover IT card 3 months ago and put down a $400 deposit. In hindsight i wish i put down more money so i didnt have to pay off my balance as much. I never carry a balance on my card and always pay it off before the billing cycle is complete so that little to no money is actually owed the next month (if that makes sense, idk its kinda hard to explain). I love the discover card and my credit score is already in the Good range even tho this is my first and only credit card

@marlanararei 3 жыл бұрын

Honestly wish I knew of this now with no cards currently. I don’t have any of these cards and one of them does have a annual fee. Ugh but now I know so thanks!

@humphrey 3 жыл бұрын

You’re welcome

@anthonywhite9828 3 жыл бұрын

@lizdeleon6910 2 жыл бұрын

Would I be able to build my credit with a Discover It Student Cash Back card? Would that also be considered a good beginner credit card?

@yasamangaler1107 3 жыл бұрын

If I have a job and I need to deposit money, I would need a debit card correct? Also can you talk about other money platforms like PayPal and Venmo and their uses?

@humphrey 3 жыл бұрын

correct, a debit card to deposit, then a credit card to spend and then pay it off from your bank

@nataliegonzalez524 2 жыл бұрын

i have a question 🤔 say you do get a credit card and you start building your credit. when is it ok to apply for another credit card?

@avibenmayor7100 2 жыл бұрын

Hi Humphrey, lets say my credit limit is $1000 and I use $800 but I pay it off before the closing date. Is my credit utilization rate 80% or 0%? Do you recommend I only use select purchases on my credit car and keep everything else on my debit card?

@liziatran2604 2 жыл бұрын

If you pay it off before the closing date, it would mean that your utilization rate is 0%. They count your utilization toward how much you owe ONCE your statement is out. So on your statement, it will show as 0% because u pay it off early. I always use over 30% utilization rate but I pay most it off usually. I usually keep a little bit of money for my statement to show that I have low utilization. And I finish paying it off once the statement is release.

@cynthiajones3963 3 жыл бұрын

Is it good to apply for multiple credit cards when you’re just beginning or should I wait in between?

@kenzeyl9510 3 жыл бұрын

Multiple

@nicoleeid4905 3 жыл бұрын

@@kenzeyl9510 No, terrible advice

@nicoleeid4905 3 жыл бұрын

Wait in between. The more you apply to at once will make you look riskier because you look like you're desperate for credit to be able to spend money you don't have. Get one, be reliable with everything and paying it off, and ask two times a year for credit limit increases or once a year for a big increase. Once you've developed a strong credit score, then you can start applying for another one

@AudreysKitchen 3 жыл бұрын

Don't acquire cards too quickly, but it's okay to have multiple. If you want to have several cards then you should check out Chase, they have some of the most generous rewards.

@Carlos-nz3vi 3 жыл бұрын

Dropped a like. Prob the best intro I’ve seen

@buckle9733 2 жыл бұрын

I got the discover it card 8 months ago and have now been approved for the full line of credit and got my score to a 743. What should my next step be? If I spend $2-$10 on the card a month should I pay it off before the due date everytime?

@brianamcelroy8824 2 жыл бұрын

I’m trying to get my first credit card. What do you think about Chime?

@behishtaazizi845 3 жыл бұрын

Thanksssss

@SirSchmoopy100 3 жыл бұрын

Hey Mr. Yang great video! Question... if I utilize over 30% before my monthly payment is due am I able to make a payment in the middle of the month to bring that utilization % down before the monthly statement? & will this still be seen as a bad thing? or a positive thing?

@rodgerdodger2459 3 жыл бұрын

Yes you can.

@marielamarin1243 2 жыл бұрын

The reputation tour box in the back mad me trust you

@goadzilla1 Жыл бұрын

Very helpful

@humphrey Жыл бұрын

Glad to hear that

@lizzy2263 3 жыл бұрын

A super good tip for getting a good credit score is being put down as an authorized user. I got married when I turned 18 and I didn’t even have a credit score. My husband added me as an authorized user and I immediately got a credit score of 720. I have never used the card, have never put a dime on it, and I don’t have a card under my own name. I’m 19 now with a fico score of 750. Also my husband’s credit score was not negatively effected by adding me as an authorized user! His score is 752 now. Also pay close attention to your statement or closing date and leave about 1-3% utilization a few days prior. You want credit bureaus to see you actually using your card. If you want to avoid paying interest pay your credit card in full by your due date and then make a purchase before your closing date to have some utilization left on the card!

@thedanieldrew6695 2 жыл бұрын

Elaborate that last part more please

@mairinmazzieshearysmith6642 2 жыл бұрын

Doesn’t really seem smart but ok

@lizzy2263 2 жыл бұрын

@@mairinmazzieshearysmith6642 that’s fine if you don’t think so but it worked for us :)

@epicbomb2 3 жыл бұрын

Couldn't you sign up for the apple card then use the apple card to buy an iphone? Like when you go to a store like best buy and apply for their card

@AnthonyFloresRULEZ 3 жыл бұрын

Depends on how much credit you get i had 0 credit they declined me then said they will give me $250 credit line Then went up in 6 months to $500 After a year $1750

@AnthonyFloresRULEZ 3 жыл бұрын

With $250 you cant do nothing to begin with uk

@jerryraul5298 2 жыл бұрын

Y’all just know that for the Apple Card you need previous credit history otherwise you won’t qualify

@bwill1258 2 жыл бұрын

What are your thoughts on the Wells Fargo active cash card

@therealbrayan_6857 2 жыл бұрын

Is it smart to get multiple credit cards or not ? Like I just turned 18 would it be wise to try to apply for all the credit cards he discussed?

@ShyChy_ 2 жыл бұрын

What does it mean to pay back? How do you do it? What do you use?

@menes7252 Жыл бұрын

Is there a way to track credit usage on a card, In percentages or set a self-imposed cap ? So one does not exceed the 30%

@jacksonbilly9979 10 ай бұрын

I been looking into my very 1st credit card and I see discovered it secured come up in a bunch of videos from you and grahams and I think that’ll be a good one for me for gas only. My only question is and I know this video is old also I doubt I’ll get a reply, if I use 30%. Of my card every 2 weeks and pay it off as soon as I use it, do that 2 times a month, is it still show that I used only 30% or would it go up to 60% for that month?

@its.darnica6518 2 жыл бұрын

I’ve got a question. For example, I opened a credit card with discover only bc I have no credit score. i know the idea of building your credit score but would I be able to apply to other banks for a credit card for future references? Or would I have to start over and still build a new credit score with that next bank that I am applying to?

@oliviaoblitas876 2 жыл бұрын

You can apply to any bank or credit company. Just wait 6mon to a year before applying for a new card. You will have enough credit history to be offered better deals.

@seandunne8231 3 жыл бұрын

Does a credit card make a significant impact on your credit score if you're already paying high student loan payments consistently anyways?

@humphrey 3 жыл бұрын

It should still help you get those # of payments up.

@humphrey 3 жыл бұрын

More payments = better record = better credit score over time

@anthonywhite9828 3 жыл бұрын

@AmazonPrimeOfficial 3 жыл бұрын

I wanted to get chase freedom card for my second credit card but I was declined 5 months ago. Apparently it was because my chase balance on my savings/checking was low and my credit score wasn’t ideal. How much do you think I should have in my chase bank account before applying again? When should I apply again?

@humphrey 3 жыл бұрын

Wow that’s interesting they said they looked at your bank balances.

@humphrey 3 жыл бұрын

I hadn’t heard of that before. But if you keep building your credit with your card you should reapply a year after you got declined the first time

@anthonywhite9828 3 жыл бұрын

@kamilsultan1637 3 жыл бұрын

How long have you had your first card for? They like to see at least one year of credit history on your oldest primary account if you don't have sufficient deposits with them.

@yercabbages 2 жыл бұрын

They look at your savings and checking?! Tf

@kyokusei 2 жыл бұрын

is there any reason not to use any of these cards past the point of being a "beginner"? any drawbacks from continuing to use them after you've established credit?

@whyureadingmyname9570 2 жыл бұрын

Eh just keep em stored and use em everyone and then so they don’t close

@Martin-qy7jw 3 жыл бұрын

I JUS SEEN U ON TIK TOK IM TRYNA LEARN ✅

@MiguelRodriguez-ix2be 2 жыл бұрын

What are feelings on Chime Credit cards? I only noticed how easy it was to sign up for one but I noticed that they operate different than normal credit cards

@SportsChannelCE 3 жыл бұрын

I just got mine today am I supposed to pay anything with it and than pay it off

@KingImi 3 жыл бұрын

Is it smart to pay half of ur credit utilization two weeks prior paying the credit card and then a day before you pay the credit card? Does it register as two payments?

@curiouzenergy2141 2 жыл бұрын

If you make charge above 30% on your card, its okay to make a payment to lower that amount back down within the 10%-30% range BEFORE your scheduled payment date and before the Credit union sees it on a report. When the bill is due for the remaining 10%-30% comes, pay it off then. If you pay off your credit debt too often it appears as if you aren't even using it. Especially when you owe 0$ when the bill comes due. Hopefully that helps.