Credit Cards for Beginners - 2024 Edition! Your 1st 3 Cards!
ฝัง
- เผยแพร่เมื่อ 19 มิ.ย. 2024
- #credit #creditcard #capitalone #bilt @biltrewards @CapitalOne
This video gives clear guidance on how to start your journey with credit cards. Be sure to share it with others you believe need the information.
I'd appreciate your support of the channel by using my card links:
cards.bumacompany.com
Website: bumacompany.com
Travel Channel: @RichardDebs
00:00 Intro to starting your credit card journey
00:34 How I started with credit cards
01:26 Video Menu
02:39 Section 1: Cash Back vs Points
04:51 Section 2: Strategic planning when applying for credit cards
06:59 Section 3: Why begin with Capital One cards
10:18 Section 4: Why avoid Chase cards as a starter set
11:56 Section 5: Bonus strategy!
15:25 Card Summary and Key Takeaways
![My OPTIMAL Strategy for Travel Credit Cards [2024 Ultimate Guide]](http://i.ytimg.com/vi/lxJSXgrZ6Is/mqdefault.jpg)
![เก่งแต่ลับหลัง (FINSTA) - ส้ม มารี (Zom Marie) Ft. Punch 4EVE [Official Teaser]](http://i.ytimg.com/vi/Fvt0Wz1hfGY/mqdefault.jpg)
Hi folks, if you enjoy the content and the effort put into bringing different perspectives, please do subscribe AND share the videos with anyone you believe will derive value. I'd love to get my work in front of more folks to help grow the channel. Thank you for the support 🙏🙏
Love the work you put into the video! Thank you! Subscribed!
Thanks for the support and noticing the effort. I try to make the videos engaging given the relatively dry subject. Thanks again!
Good content! Keep it up 😊
Good that you enjoy the content. Thanks for the support 🙏
Chase fan here just letting you know that you've made some valid points.
Nice! There is a time and place for Chase for sure. I just encourage everyone to think about their use cases before plowing ahead. Thanks for the sub man. Much appreciated 🙏🙏
@@RSquared-travel-rewards No Problem!
So i have the chase freedom unlimited and amazon prime visa
I was looking into captial one when i build up more credit 730 right now was debating getting the savor one card and then later if i actually travel alot in the future venture X and chass sapphire preferred
Maybe freedom flex before either
I'd recommend the Savor One prior to the Freedom Flex in case you do need to take a trip out of the country because you'll need to leave your Freedom cards at home. Once you have the Unlimited and the Savor One, you'll then have your option in the future to determine if you want to go down the VX route or the Sapphire route.
Did cap 1 cards start reporting your credit limit and your balance otherwise it tanks your score because back in the day it only reported what you owed which hurts your score thats why I left cap 1
It definitely reports balances and credit limits. I stalk my credit report meticulously to ensure that they are accurate. I find Capital One to be innovative these days. I love the rates on their saving accounts and the Venture X offers great value.
Great to know thanks!!!!!!
Your vids are superior in many ways, especially for international travel. I am on country #72, with a goal of 100+...Barbados next month.
Hey DC. You're the reason I went to Barbados last month. You said in an earlier comment that you were going to Barbados which seemed like the perfect place to ring in the New Year.
#72? Impressive!! My goal is to visit all 54 Arican countries. I'm going to try to knock off 4 this spring.
Sub for your energy ✨️ and like for your content
Nailed it. Love this channel.
Now share it with 100 of your closest friends 😊. The algorithm on credit cards is tough to penetrate.
@@lipovsas love this feedback!!
Good video. I just disagree a little since it seems that getting into C1 eco systems is so complicated. At least with Chase and Amex you know the rules but with C1 who knows.
Thanks for watching Marco. All the young'uns in my family who I've recommended CP1 to, they've been approved as their started cards. I continue to believe that it is the best issuer for kicking off your CC journey. We know the Chase rules (5/24) so after you've gotten your CP1 cards then you can plan when you wish to apply for Chase cards.
@@RSquared-travel-rewards I see a ton of value on that eco system. I told my friend hey you have a QS card apply for VX and was denied. Then he applied for Bilt and was approved. I rather have Citi, Chase, Amex, Bilt for point diversification and bypass C1 altogether.
BTW - Your content quality and production value are way beyond your current level of subs. I greatly appreciate the thought, critical thinking, and strategy in all of your videos. Poke my eyes out if I see another CC content creator reading a bank website.
I appreciate that because it is tough to grow a channel. One day I'll finally figure out how to get my content in front of more people 😊. Thank you for the support & encouragement to keep pushing on 🙏
Don't get tired of me asking but do share whenever possible.
I know to avoid FTF but which issuers usually have the best exchange rates when charging on a no-ftf card?
BILT & CP1 have no FTFs as you know but Citi and Chase seem to mirror each other at 3% for their cards which carry an FTF. Amex's BBP is at 2.7% but no real value in travelling with the BBP abroad given its low acceptance rate.
You get master card rates with C1 which are always fair in my experience. I'm always opt to charge in the foreign currency and let Capital One do the conversion.
@@RSquared-travel-rewards I was looking more for the exchange rates that the card issuer uses, not specifically the stupid fees that they charge. Foreign currency to USD - just wondering who seemed to give some of the best conversion rates
@krs1905 oh, sorry about that. As you know, the exchange rates vary daily. It is my understanding that exchange rates on day to day transactions are generally the same. However if you were to do business overseas and were moving lots of money around, you'd be in a position to potentially negotiate favorable rates. Likely not materially different than the generally published rates. If I were paid in a foreign currency from a U S bank, I would care which foreign bank I opted to bank with. However, this is not my area of expertise so others feel free to weigh in.
NerdWallet has an article I found about it. Processors set daily conversion rate, not issuing banks. Visa and MasterCard publish theirs, Amex and Discover do not. Testing against 44 currencies vs USD had MC usually better on over half, Visa usually better on a few and the rest tied or too close to matter.
Dude, I feel like I learn so much from your videos and I already have credit cards 😂. I must admit, they were more out of convenience but yeah, why not make them work for me.
Never too old to learn. I'm still learning and making mistakes but it's a fun process.