How to Navigate Your First Credit Card: Teen's Edition
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- เผยแพร่เมื่อ 15 มิ.ย. 2024
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Credit Cards Mentioned in the Video:
SECURED CREDIT CARDS:
Capital One Platinum 👉 brianjung.org/CapitalOnePlatinum
STARTER CREDIT CARDS:
Chase Freedom Flex 👉 brianjung.org/ChaseFreedomFlex
Capital One® SavorOne Cash Rewards 👉 brianjung.org/SavorOneRewards
MID-TIER CREDIT CARDS:
Amex Gold Card 👉 brianjung.org/AmexGold
Chase Sapphire Preferred 👉 brianjung.org/ChaseSapphirePr...
Amex Blue Cash Preferred 👉 brianjung.org/AmexBlueCashPre...
The World of Hyatt Credit Card 👉 brianjung.org/WorldofHyatt
Capital One® Venture Rewards 👉 brianjung.org/CapitalOneVentu...
ELITE TIER CREDIT CARDS:
Amex Platinum Card 👉 brianjung.org/AmexPlatinum
Chase Sapphire Reserve 👉 brianjung.org/ChaseSapphireRe...
Capital One® Venture X Rewards 👉 brianjung.org/CapitalOneVentu...
Hilton Honors 👉 brianjung.org/AmexHiltonHonors
BUSINESS CARDS:
Chase Ink Business Cash 👉 brianjung.org/InkBusinessCash
Chase Ink Business Preferred 👉 brianjung.org/InkBusinessPref...
Chase Ink Business Premier 👉 brianjung.org/InkBusinessPremier
Chase Ink Business Unlimited 👉 brianjung.org/InkBusinessUnli...
Amex Blue Business Cash 👉 brianjung.org/AmexBlueBusines...
Amex Blue Business Plus 👉 brianjung.org/BlueBusinessPlus
Amex Business Platinum Card 👉 brianjung.org/AmexBusinessPla...
Video Outline
0:00 Introduction
0:53 My Experience
3:08 Why Credit Cards?
5:17 How do They Work?
6:22 Tips for Success
8:17 The Ultimate Guide
8:31 Secured Credit Cards
9:41 Authorized Users
10:37 Starter Credit Cards
11:34 Chase vs. Amex
12:15 Optimal Strategy
13:35 Mid-Tier Credit Cards
15:05 Mid-Tier Strategy
15:38 Elite Tier Credit Cards
16:41 Elite Tier Strategy
17:02 Business Credit Cards
18:05 Reconsideration Line
18:39 Pro Tips for You
19:54 Maximizing Your Points
21:04 Outro
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Disclaimer: I am not a financial advisor. Brian Jung does not provide tax, legal or accounting advice. This material has been prepared for entertainment purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.
![Ultimate Beginner's Guide to Credit Card Points in 2024 [Updated]](http://i.ytimg.com/vi/qu47ulGpHDo/mqdefault.jpg)
Growing up my parents always told us to stay away from credit cards because it was bad for you, but never explained why. When i turned 21 i got my own credit card. Still parents kept saying it was bad. I was able to learn more about credit cards and used it tto my benefit. My parents till this day still believe credit cards are bad. Me on the other hand 10 years later im credit card churning and looking for the next best card to get.
has credit made your life better or your financial situation easier to manage?
@@yakubpk3483I got one a bit ago and I only got free money out of it and started building my credit score early, just don’t spend what you don’t have and you’ll be good
@@yakubpk3483 Probably both on little level.
@@yakubpk3483just makes it so you can finance things. In all reality you don’t absolutely need a credit card but it’s an easy way to build your credit score cause you will eventually need a loan for things such as a house
@@yakubpk3483It should if you use credit correctly. It’ll open you up to a higher credit limit and eventually lower interest rates on loans (including a mortgage).
Bro literally turned his pain into his gain.
“No pain no gain,” I guess.
Brian, I appreciate you man. I've commented before on your videos as well, but after discovering your videos about 8-ish? months ago, I started my journey of credit card churning and was able to rack up a rather significant amount of money as a result. As a 19 year old in college, I was finding some ways that I could earn money, and utilizing credit cards was one of the bigger parts of my success. Thanks to you, I've been able to gather around $10k in credit card bonuses while still maintaining a mid 700 credit score, no late payments, and a 2% utilization rate. My dream car is the Huracan, and I'm on track to getting it in about 5ish years. Hopefully I can come back in 5 years and proudly say that I obtained that goal.
Much love,
Daniel
I love this. You can do it- the huracan is a great car
@@JungernautJung bro 😎 what best card! Jung card!
If you’re just starting out like 18 or early 20s i don’t recommend a secured card. Discover or Capital One will likely give you a normal card, plus they have pre-approval tools so there’s no risk. Also if you’ve had a long relationship with a bank they may give you a credit card pretty easily too.
Capital One's a bit stingy
How about a credit union secured card
@@jonhoffman10000 I'm 24 but got my first card in may, got the Savor One in July and the Venture X last week
So what do i get then?
man, i wish i had access to videos like this when i was graduating high school; no one ever tells you how important gaining a credit score is
Bro is the most hated person by banks fr😂
So important to get a good foundation of knowledge while you’re young to build up credit as early as possible!
YES KING 🤴 👑 WILL DO!! indeed obviously most important when you’re young! Because we will remember for the rest of our lives to gain money amen!
stay strong king
It’s really nice to have someone who explains life worthy stuff
Yes wish I was freaking told this in middle school!!
Learn More About My Favorite Cards Mentioned Here: brianjung.org/Favorites
That story gave me chills man.
Are secured credit cards better than student credit cards?
@@gabrieltamayo4363 never use your debit card. Only Credit card.
Bro i got a credit card ad right when i clicked on the video💀
Same it’s kinda scary
Awesome video Brian! Love all the content you put out 🔥
Glad you like them!
Just got recommended this. Perfect timing too, because I am actually looking into starting with credit cards at the moment!
how is it going so far?
crazy helpful video
Your mom is very pretty! Thanks for sharing your personal stuff as well. Great video!
I started on an kohls ive recently got the cap one platinum ive gotten my score up to 707 now less go
How does this change for people who just joined the military? There are so many unique considerations and there’s not much good information out there unless you do it yourself. For example you always assume that amex platinum has a very high annual fee but for military members there is no fee, not to mention that there are a bunch of credit cards from navy federal credit union, penfed, and USAA that are only available to military members.
No point in really adding military cards here if the average person isn't in the military. Better to search for a video specially tailored towards those in military.
@@dms2331more like the average male. Which applies in south Korea and North Korea for “average” males. Whom serve in the military like what? 80% or something yup
i got denied from 3 secured credit cards but i got approved for the discover it secured card and it should be here this week been watching you and john liang
did that card go well for you? i’m 18 gotta get my first card i don’t have a co signer on it
@@huntertara6968 i have the discover it secured card and its great, they increased my credit limit, returned my deposit, and my credit is great
im 20 just activated my credit card. been told to never have one. ( i am scared but hella open minded to this)so thank you for this video.
Thanks. Video was helpful
Brian do you ever cancel any of your credit card? If so how many card did you cancel?
14 but we about to hop on the grind
Same here
Same 😂
The algorithm knows who to recommend to
16 but I'm w yall fr we starting early
Look into rami sethi iwt book. Such an eye opener
Thanks man
This video really helped
What a great video! Very thorough
Thanks for the knowledge. I’ll be going places in a few years.
Jesus loves you guys so much. God is with yall through all of your problems
Thank you ❤
How long should i wait before applying for a second card if i was just approved for my first card today? I’m not sure if it would be better to have two cards immediately to build credit or wait a while
usually its best to wait a year inbetween credit cards!
Not expecting an answer but where’s that brown jacket from? Been trying to up my style as well and that jacket is too clean
Works in every bank sistem even in other countries
Youre amazing brian your parents raised an amazing person ❤
Yessirr, thanks mannn !!
I NEED THIS VID IM 17 planning on doing big things this was helpful
No one that has gamer in their user name will go on to do big things
@@aliyussanda3921no one that looks down on someone else will do big things
@@aliyussanda3921hatin not gon get u far either lil bro
Thanks 🙏
This was amazing I took note of all of it thank you so much Jung.
thanks
It’s so funny my parents were the complete opposite the always told be to open up a credit card and finally at 19 I did after their years of begging
Do you need business credit for amex if you recently just got the gold card im looking to get the amex business plus in the coming months got a good credit score
How about a video on making money outside of a job.
I got my first credit card is the capital one silver one
I’m 25 and still don’t have one 😭 now I’m finally moving out and need credit history. Definitely need a good start here
Good boy I'm proud 🎉
Do you recommend closing credit cards after you use the sign rewards and no longer need the card?
Never close a card unless absolutely necessary
I wouldnt close any unless there was an annual fee. And in those cases you can downgrade the card. The ideal is that you keep them open to gain Longevity, availble credit. Closing the card decreases your credit score as well. Just use it sparingly once a month and it will be fine.
Im 20 i want an credit card which one i should grab??
as an 18 year old, do you have to show a income to banks when applying for first credit card???
Yes
I’m 18 and I Just got my first credit card today, it is the reflect card. Am I able to get the freedom flex card at chase also, without any mishaps?
Credit cards are simultaneously the best thing for our economy, and the worst
What are the good credit cards in Canada
what would be an optimal strategy for someone who started with a quicksilver?
You can still follow my optimal sequence I mentioned in this video even with a quicksilver
Nice
What if I never eat out, don't care about traveling, have 800 credit score, 3k in cash, and am only 15 yrs old. What is the best card to get then? I have very low impulses to buy random stuff.
Do India Edition!!
literally in debt as i watch this
Can you make a vid about EU credit cards
So which is the beat
Brian not sure you’ll see this but I’ve had the flex car from chase for about 3/4 months now. My score is 710 at 19. Should I apply for the unlimited freedom next? I’d like to hear your thoughts.
No
But you're winning in life
@@weirdmyst7963 how come no bro? any reason
Wait 2-3 months
what should be taught in school:
I am 18 years old and looking for recommendations on the most secure bank to get a credit card.
I personally don’t think I need14/15 credit cards as a beginner. I really just need to find a way to grow/build one
I was put in as an authorized user, applied for the savor one been using it for 2-3 months. if i remove myself as an auth user, will my credit history be wiped off my report? only reason i am thinking of removing myself is because the card I am an auth user on has 89% usage and has carried a balance
I'm your opposite, I don't own one credit card.
Does this also work in the EU?
700+ GANG !
What about discover student cards it that one a good choice
Yes, a great starter card.
sure it was the card and not the 1.46 MILLION subs channel, of course.
Why do none of your videos mention any canadian bank starter cards like bmo, td, etc?
Don’t you need to wait a year of credit for Chase cards to be approvals? I already have a discover it.
is the discover card good and if so what kind? 18 y/o i make good money but do not have a co signer
@huntertara6968 You can get a Discover student card. If you aren't a student, you can get a secured card from Discover. Either one is a great starter card.
@@huntertara6968it’s great. They have basic rotating categories offering 5% cashback but for the first year, they double and you can claim 10% if you redeem it after one year of getting the card
Chase has the Freedom Rise for those without a year of credit history. All you need is at least $250 or more in a chase checking account and you are likely to be approved.
Credit????
19 Years Old. 7 Personal Cards, 2 Business Cards. Discover Student Cash Back, Apple, Chase Freedom Flex, Bank Of America Customized Cash, Amazon, Amex Gold, Capital One Savor. Chase Preferred and Amex Blue Business Plus. 300,000 Chase Points, 100,000 Amex Points. and $1250+ in cash back combined.
How
How much debt tho
Frfr
Brian is so handsome
If I don’t use the credit card for a few months, will the issuer close the card???
Usually if you use the card atleast once a year you’re safe but maybe use it once every few months
So…. You recommend I don’t close my no annual fee credit card… so should I just not use it anymore and apply for another card and use that card instead?
Yes ! (I made that mistake already)
@@deeurb916 I see
good 👏🏻👏🏻👏🏻
Hi, love your videos, but as a european I cannot apply for any of the cards you mention.. Could you make a video on how to start your credit card journey as a European?
Well, you pretty much can't. There's a cap on credit card fees in the EU, and as such the benefits on credit cards here are pretty much non-existent.
@@carsandtools Fantastic to hear that as a European teenager. It looks like my life won't be easy here. At least there are no school shootings...
@@Bartekwis Bruh...
Why can't I get a credit card
17 yrold here, Should you cancel the freedom flex beginner card when you upgrade to sapphire preferred it says after 15 months the flex has a APR?
I’m 17 too but I don’t think you’re supposed to cancel a card unless it’s critically necessary
idk i dont think theyd refund u for losing stuff.
Can you do this online or do you have to go to the bank ? How did u ?
You should go to the bank in person and ask to see a card provider and ask them all your questions. Hope this reply wasn't too late
Real video starts at 4:50
Got declined for a secured card because im not a college student…ridiculous
Agreed
Congress is trying to pass a law that eliminates all credit card points
Hey just wanted to check up on the Amex Green card, You said it was 150 annual but on the Swedish website it said its free. Is that a country thing or am I missing something?
Country thing. A lot of this info is completely different for different countries.
Im from the EU :(
here is the 16 year old 👋
If i have a chase savings account will I have a better chance of being accepted for one of their cards when I turn 18?
Possibly, also open a checking account when you turn 18
is the creditcard system the same if i live in germany?
NO.
are you german?@@sojjjer
@@StrohKamelEU caps merchant fees which is what pays for these nice rewards programs.
@@michaelhorgan9525 ty
You got 16 years old right 😂
Teens? Credit Card?
Because im not 18, do i have to apply for a secured credit card? Or can i get a regular credit card
I think You have to be 18 y or older to get credit card secured or unsecured.
Some banks will let you be an authorized user to your parents. So it’ll build your credit. But to have your own you need to be 18
The best a parent can also do I put his or her child as an authorized user but don’t give kid the card to use. This will still help to make good credit
UK version ?
From a broke college student to another, mind showing the back of one of these cards 😄
So you are in debt
only in debt if you use the card
@@bamnr so its like a yugiho trap card
We can't get a credit card on our own, as a 15 year old myself, here in Dubai, without parents authority
getting a job is the easiest way
Try to get pre approved for all the starter cards and they all said no 💀
bro collecting cards
dont get one
what about a credit card that acts like a simple wallet
That's a prepaid card. I have one of those. I put money on it and use it in shops where I don't feel ok handing or swapping my card.
starting teens into debt? blud is crazy
Long live debt ❤