The ladder approach definitely isn't necessary for everyone! My only word of caution is to make sure you don't jump from stages 1-4 right away and have a high annual fee card with your second-longest credit history on it. Especially one like the platinum that doesn't have a great downgrade path. Great work on this one Mark!
how many credit cards should you have before you apply for a premium travel card like CSR or Venture X? If I had one card, one year credit history and 770 score, I should still go for a tier 2 card instead of jumping to a CSR, Venture X?
@@Cause023 An important thing to keep in mind with premium travel cards is they typically have a minimum credit limit of $10,000. Meaning, that the issuer has to determine you are someone they want to give a $10,000 limit to regardless of the particular card benefits. I would recommend getting one or two tier 2 cards, and let your credit history mature a little more.
@@devlin76 yeahs that’s true. So typically two years of credit history? Even with a high credit score after just one year of credit history? Because if that’s the case, I’d be wasting almost two years hanging in the cash back zone when I want to be on team travel 😅 I’m already going to be one year on team cash back, I don’t know if I’ll survive two more years here lol
This was a fun one. My very first card was an Amex Green, which was upgraded via an offer I received by mail into the Amex platinum while I was still in college. I thought they were nuts, but I was happy with it. I have enjoyed learning and thinking about trifectas and other strategies, but I think we undervalue just getting a card because it has one benefit you really want. Or not finishing off a trifecta because you already have cards that fill that role. Basically, perfect strategies are fun thought exercises, but in real life you might be just as happy grabbing cards as and when they have something specific you need.
It really wasn't that hard to climb the ladder 3yrs ago I decided to rebuild my credit and now I have tier 4 credit cards and down tiers No lie thanks to videos like these I was able to fix it
I agree, but I wouldn't call it a mistake since the ladder is a good framework, but it's definitely not the only way to achieve success with credit cards! With the right mindset, you really can start anywhere on the ladder, and your first card certainly does not have be at level 1 or 2 depending on your own specific circumstances!
AMEX might be the trickiest part of the ladder. Typically to get the best SUBs, you actually need to start with the platinum. But as you mentioned in the video, you need to have a decent credit history unless you plan on keeping that high AF for a long time. Honestly, this is probably yet another good reason to start with Chase and eventually move on to AMEX. They really should be late game stuff if you’re playing seriously.
I actually started at what would be the level 2 (I got a Freedom Unlimited and Freedom flex) just to build a slightly higher score. I then applied and got approved for the Sapphire Reserve and have been enjoying all the benefits while continuing to build my credit and learn about all the other possibilities. You definitely don’t need any specific path, but find one that fits your goals and helps you along your credit journey!
This is 100% possible since my family was able to go from stage 1 with a basic capital one card to the Venture X BUT had perfect payment history with the company over the course of half a decade
I’ve had Chase recommending me to get either the Sapphire reserve or the preferred. I cannot justify getting either cards as I don’t travel much. I think I’ll just keep my Freedom Unlimited for now as it doesn’t have an annual fee. Tier 2 is my sweet spot for my daily life purchases. Hopefully I can find an excuse to apply in the near future.
Great video as always, Mark. The credit card ladder is a popular topic in the credit card niche on TH-cam. I can see how many people watch them and think it is the best/only way to go. What I have learned from you is to build out a credit card strategy and work that plan. That could be the ladder approach, but the overall goal is to achieve the goals you set for yourself using credit cards. Also, such a great point to get a higher tier card earlier rather than later to get those higher welcome offers and have points that can be used rather than waiting on climbing the ladder. Thank you again, Mark.
Thanks Chris! Yep, for the travelers out there it can make a lot of sense to target this mid- to high-tier cards a bit earlier. That said, there's also a huge advantage to getting at least 1 entry-level card w/ no annual fee to keep long term for that credit score (even better if the card also fits into a long term rewards strategy).
I think AMEX should invite Mark to apply for the Centurion card because he’s the best credit card TH-camr in the game and I would love to see that unboxing.
Agree 💯! I started at tier 1 for 6 months and after that all cards has been tier 3-4. After being in tier 3 for a couple of months got a tier 3 business card and a tier 2 business card. AMEX is great to add several tier 3-4 cards early in the game with only 1 hard inquiry. Great video 👍
I have 6 cards, and excellent credit. I've not applied for any tier 4 or 5 cards just because they don't fit my lifestyle yet. Someday maybe I can justify 5, 6, or 700.00 yearly fees, just not yet.
Mark if you're going to ever do a similar video on tier 1. My first secure card was the TD Bank Cash card. In 2022 it did have an annual fee. Later after I applied and they dropped it. In November I got a prorated refund. It also has 3% on dining, 2% gas,1% for everything. I was banking with TD. Bank for a decade when I applied for my first secure. Even if you don't follow every Regional Bank secure credit cards. It should be the first place a person starts out for their own card. Next to Discover It. I never applied to Discover. My TD Bank card make so much money on the statement credits. It is my go to card especially for dining. You should avoid recommending the Capital One Platinum card at all on tier one. It's the worst thing a person can do in the credit building or rebuilding. Capital One will destroy anyone on thin file with the Capital One bucket.
Yeah once you get to level 4 you hit your limit meaning a 740+ gets you the same as somebody that has an 850 anything at level five has nothing to do with your credit by itself level five is how much money you got cause it gets into the black card from American Express etc. etc. etc. but getting to 740 and up doesn’t happen overnight takes a couple years.
We have a net worth of over $10 million. We have a credit score in excess of 830. We see no reason to pay a fee to get a "prestige" card- our card is probably "tier 2". What are we missing by not "climbing?"
WELL DONE 🏆 The only thing you'd be 'missing' are rewards / benefits you cannot pay for in cash (e.g. higher point earning rates, access to select airport lounges, etc.) If you don't value those things, then you're not missing anything.
need a breakdown of how to find the best value for your points... this is the most complicated step I think to understanding how to make these premium cards worth it :
Yep. Unfortunately, there isn't 1 method to make that happen, nor will a given method work for all itineraries. If you haven't seen my Beginner's Guide to Transfer Partners video yet, it contains a lot of helpful insights to the approach. Here's a link: th-cam.com/video/ae1WayyrwnE/w-d-xo.html
Mark, I've been trying to bust the myth of the credit card ladder. At the end of the video, you stated that you are not calling the ladder "wrong". However... I am calling it wrong. Like you said, its misleading. It guides people "up" the ladder in a uniform direction, as if this is the destination (at the top) that all people want to be. Furthermore, people like me on "team cash back" tend to stay on the 2nd rung. Does this mean that people like Shifu who are on the 4th rung are FARTHER on their journey? No, not in the least. The direction of the ladder is completely wrong. Not misleading. It's wrong. Its like saying the food ladder is pizza then burgers then sushi then mayonnaise-covered chocolate. If you are not eating mayonnaise-covered chocolate, yet, you are far behind. This approach forces people to reach a destination that is based on FEES (lowest to highest). It is not based on goals/purpose. The correct analogy is the Credit Card FORK 🍴(ignore the knife, I couldn't find an emoji of just a fork). Let me explain. The handle of the fork is like what tier 1 of the credit card ladder is. It is for building/repairing credit... and its the foundation for everybody. The fork splits into THREE tines (tines are prongs on a fork...) These three tines are equal in length and height, and they run parallel to each other. So if you are on tine #1, you are not above/below tine #2 or tine #3. Tine #1 is team cash back. This is for people who are happy where they are and have no desire to travel. They can be satisfied looking at a picture of the sphinx rather than standing in front of it. This is similar to the 2nd rung on the ladder. Tine #2 is team travel. This is for people who can make use of hotels and air travel. Note that some cards may exist in multiple tines (like the Freedom Flex can be in tine #1 for 5% cash back, but it can also be in Tine #2 for a travel setup). This is similar to the 3rd and 4th rung on the ladder. Tine #3 is for team status. These are insecure people who feel inadequate and need something to flex, so they clang their card on tables to say, "My genitals aren't small! I swear!" They like to make waitresses/waiters feel jealous, being in the presence of a "real" human being, which the waitress/waiter is not. This is the 5th rung on the ladder. You should do a new video on the corrected "Credit Card Fork".
Thanks for sharing your perspective & all the details behind it, Icarus! Totally get what you're saying. The fork analogy can make sense. I'd say the ladder is only 'wrong' if it is championed as either a One-Size-Fits-All approach or as The One & Only Approach.
It’s unique videos like this that put this channel in a class all by itself. Great video as always and as is typically the case I totally agree with you.
I'm at $6185 in AFs! Went a little overboard. The only above $400+ AF card left to get is the AA Executive (except invite only cards and the Barclays Gold Card 😂)
My Ladder 1.NFCU PLATINUM 20k 2.Chase Sapphire 40k 3.NFCU FLAGSHIP 30k 4.Amex PLATINUM 5.Amex Cash 30k 6.Marriott Bonvoy 50k Skipped all the baby cards! I learned a lot from Mike from the credit game. But once he went to jail I found you 😂 I got #5#6 with your help.
Yeah, the ladder of credit is a myth not your credit score not income but what’s inside your credit? What’s your habits? What do you have in the picture? That These companies send to the credit bureau‘s every month? What credit limits do you have on your cards what credit utilization Are you at every month? That’s what they look at. Credit score only tells how good you are at juggling and income only tells that you can pay off the cards the loans that they give you
Doesn't seem like the Amex PLT is that special anymore. I remember like 20 years ago, I rarely saw that card. I work for an airline so I've seen a ton of cards over the years. The last few years though I see them more and more. I think Amex has gotten a little more open with approving them than in the past.
@@MarkReese I know right? Honestly why I like the Gold card instead. It's less pretentious but still very classy. The other day I was helping a passenger and she her wallet open with the AG on top...it really stood out more with that darkish shiny gold color. It caught my eye immediately. lol
You forgot one thing you can get top tier cards when your mother and father who have a career and have over 800 credit scores and they have over 20 years credit history and they add you now you have over 800 credit scores and 20 years history on your credit files 😏that’s how alot of people got they top tier cards too and they too add somebody on now they got a good credit scores so it’s always a way around things
I’m not sure why most of these Credit Card TH-camrs who make these Card ladder videos put the Amex Black Card in their videos when the majority of viewers watching them will never get the Amex Black Card.
Great video thanks right now I use the united airlines explorer card the best buy card the city rewards plus card and the m life las vegas card from the bank of Omaha I am not sure what amrican express credit card to get yet.
i got approved for my first card ever 2 days ago !! skymiles gold :) im 22 and have a 727 on transunion but only a 680+ on fico. which do they care about more ? i want to apply for amex green or blue cash everyday next jus havent decided
interesting. I didnt really know anything about credit cards when i was younger. so i screwed up and almost all went to collections or I canceled them. I paid everything off of what was in collections recently (which was like $3000) now I am rebuilding with my secured capitol one card that I just got. my credit score is roughly around 20 points or a bit more from being good. So I am wondering how long this will take me before I can get the cards I do actually want.
Well done on getting your credit situation on a better path 💯 I don't have a way of saying how long it'll take to rebound, but more important is doing the right things to guarantee it happens.
Stick to issuers that have reliable soft pull pre-approval applications like Discover and American Express, and you can start right now testing the waters. The Discover It or AMEX Blue Cash Everday are very solid tier 2 cards.
How long do you recommend waiting between your last credit card and applying for a home loan? Does the answer change based on if it's a business or personal card?
📲 MAXREWARDS - Manage credit cards & rewards!
markscreditcards.com/maxrewards
💳👉VIEW CREDIT CARD OFFERS!
markscreditcards.com/offers
🛍RAKUTEN - Earn Cash Back!
markscreditcards.com/rakuten
⬆(More links in Description below video!)
The ladder approach definitely isn't necessary for everyone! My only word of caution is to make sure you don't jump from stages 1-4 right away and have a high annual fee card with your second-longest credit history on it. Especially one like the platinum that doesn't have a great downgrade path. Great work on this one Mark!
Right on. Way better to get at least 1 no-fee card early on to build history 👊
Great point. Everyone needs one or two solid tier 2 cards like the Citi Double Cash or Chase Freedom Unlimited.
how many credit cards should you have before you apply for a premium travel card like CSR or Venture X? If I had one card, one year credit history and 770 score, I should still go for a tier 2 card instead of jumping to a CSR, Venture X?
@@Cause023 An important thing to keep in mind with premium travel cards is they typically have a minimum credit limit of $10,000. Meaning, that the issuer has to determine you are someone they want to give a $10,000 limit to regardless of the particular card benefits. I would recommend getting one or two tier 2 cards, and let your credit history mature a little more.
@@devlin76 yeahs that’s true. So typically two years of credit history? Even with a high credit score after just one year of credit history?
Because if that’s the case, I’d be wasting almost two years hanging in the cash back zone when I want to be on team travel 😅 I’m already going to be one year on team cash back, I don’t know if I’ll survive two more years here lol
This was a fun one.
My very first card was an Amex Green, which was upgraded via an offer I received by mail into the Amex platinum while I was still in college. I thought they were nuts, but I was happy with it.
I have enjoyed learning and thinking about trifectas and other strategies, but I think we undervalue just getting a card because it has one benefit you really want. Or not finishing off a trifecta because you already have cards that fill that role.
Basically, perfect strategies are fun thought exercises, but in real life you might be just as happy grabbing cards as and when they have something specific you need.
Glad you enjoyed it, Robert! Definitely fun thought exercises 💯
Definitely have to make sure the benefits work for you so that you’re not paying an AF for nothing!
That's right!
Thank you for being positive and kind, with no snarkiness or condescension.
You bet 👊💯
It really wasn't that hard to climb the ladder
3yrs ago I decided to rebuild my credit and now I have tier 4 credit cards and down tiers
No lie thanks to videos like these I was able to fix it
Well done, Jessie! 💯
Your videos are beautifully clear and consistently valuable. You’re amazing!
Thank you! Means a lot to hear that 🥇
I agree, but I wouldn't call it a mistake since the ladder is a good framework, but it's definitely not the only way to achieve success with credit cards! With the right mindset, you really can start anywhere on the ladder, and your first card certainly does not have be at level 1 or 2 depending on your own specific circumstances!
For sure! 👊
AMEX might be the trickiest part of the ladder. Typically to get the best SUBs, you actually need to start with the platinum. But as you mentioned in the video, you need to have a decent credit history unless you plan on keeping that high AF for a long time. Honestly, this is probably yet another good reason to start with Chase and eventually move on to AMEX. They really should be late game stuff if you’re playing seriously.
💳👍
I actually started at what would be the level 2 (I got a Freedom Unlimited and Freedom flex) just to build a slightly higher score. I then applied and got approved for the Sapphire Reserve and have been enjoying all the benefits while continuing to build my credit and learn about all the other possibilities. You definitely don’t need any specific path, but find one that fits your goals and helps you along your credit journey!
Congrats on those approvals!
This is 100% possible since my family was able to go from stage 1 with a basic capital one card to the Venture X BUT had perfect payment history with the company over the course of half a decade
Absolutely! 💯
If you have an established banking relationship, you can often start off on level 2 with a credit card at that bank.
Definitely possible! 👍
I’ve had Chase recommending me to get either the Sapphire reserve or the preferred. I cannot justify getting either cards as I don’t travel much. I think I’ll just keep my Freedom Unlimited for now as it doesn’t have an annual fee. Tier 2 is my sweet spot for my daily life purchases. Hopefully I can find an excuse to apply in the near future.
You're smart to get the cards that work best for you!
You may not be thinking of it now, but for international travel... You want no foreign transaction fees.
Great video as always, Mark. The credit card ladder is a popular topic in the credit card niche on TH-cam. I can see how many people watch them and think it is the best/only way to go. What I have learned from you is to build out a credit card strategy and work that plan. That could be the ladder approach, but the overall goal is to achieve the goals you set for yourself using credit cards. Also, such a great point to get a higher tier card earlier rather than later to get those higher welcome offers and have points that can be used rather than waiting on climbing the ladder. Thank you again, Mark.
Thanks Chris! Yep, for the travelers out there it can make a lot of sense to target this mid- to high-tier cards a bit earlier. That said, there's also a huge advantage to getting at least 1 entry-level card w/ no annual fee to keep long term for that credit score (even better if the card also fits into a long term rewards strategy).
I think AMEX should invite Mark to apply for the Centurion card because he’s the best credit card TH-camr in the game and I would love to see that unboxing.
THAT would be super cool.
(And waive the initiation fee, too?)
😁
Thanks Shawn!
@@MarkReese Absolutely!
@@MarkReese lol. Yeah even if I was offered the Black card I'd have to pass without a waive of the annual plus initiation fee. 😪🤣🤣🤣
Agree 💯! I started at tier 1 for 6 months and after that all cards has been tier 3-4. After being in tier 3 for a couple of months got a tier 3 business card and a tier 2 business card. AMEX is great to add several tier 3-4 cards early in the game with only 1 hard inquiry. Great video 👍
Well done, Cesar! You got off to a strong start 💳💨
Great video again. I went from AMEX Cash Magnet to AMEX Platinum. No ladder or additional inquiries. My credit score is ~805.
🏆🏆🏆
Im from Mexico, i'm doing something like the credit card ladder and its works.
Awesome! 🇲🇽💳
I have 6 cards, and excellent credit. I've not applied for any tier 4 or 5 cards just because they don't fit my lifestyle yet. Someday maybe I can justify 5, 6, or 700.00 yearly fees, just not yet.
You're smart to go after the cards that make sense for you 💯
Mark if you're going to ever do a similar video on tier 1. My first secure card was the TD Bank Cash card. In 2022 it did have an annual fee. Later after I applied and they dropped it. In November I got a prorated refund. It also has 3% on dining, 2% gas,1% for everything. I was banking with TD. Bank for a decade when I applied for my first secure. Even if you don't follow every Regional Bank secure credit cards. It should be the first place a person starts out for their own card. Next to Discover It. I never applied to Discover. My TD Bank card make so much money on the statement credits. It is my go to card especially for dining.
You should avoid recommending the Capital One Platinum card at all on tier one. It's the worst thing a person can do in the credit building or rebuilding. Capital One will destroy anyone on thin file with the Capital One bucket.
Thanks for sharing your journey 👍 I disagree re: the Capital One Platinum Card, but thanks for your perspective.
Mark -where u been ? u're my credit card guru...
In the depths of the video creation process 👊
Thank you, your videos are always helpful.
Glad to help!
Got a 20 yr credit history and im fine stopping at level 3, low AF cards. I dont really travel enough to justify high end travel cards in level 4.
Level 3 = 🏆
Yeah once you get to level 4 you hit your limit meaning a 740+ gets you the same as somebody that has an 850 anything at level five has nothing to do with your credit by itself level five is how much money you got cause it gets into the black card from American Express etc. etc. etc. but getting to 740 and up doesn’t happen overnight takes a couple years.
Yeah I've got a feeling that certain individuals can get Tier 5 cards without any credit history at all 😁👍
Great video! I always love your breakdowns and your attention to detail! Keep up the great work!
Thanks, will do! 💯
I got the platinum card by upgrading a previous green card when I got an upgrade offer for 100k MR points
Fantastic upgrade offer! 💯
Got the Amex Gold today. 90,000 MR with $4000 spend. Great offer great card !
BOOM! 💥 Congrats!
We have a net worth of over $10 million. We have a credit score in excess of 830. We see no reason to pay a fee to get a "prestige" card- our card is probably "tier 2". What are we missing by not "climbing?"
WELL DONE 🏆
The only thing you'd be 'missing' are rewards / benefits you cannot pay for in cash (e.g. higher point earning rates, access to select airport lounges, etc.)
If you don't value those things, then you're not missing anything.
Yeah, I was Just approved for the Amex Platinum wit a Mid 600's Score.
Congrats! 💳
need a breakdown of how to find the best value for your points... this is the most complicated step I think to understanding how to make these premium cards worth it :
Yep. Unfortunately, there isn't 1 method to make that happen, nor will a given method work for all itineraries. If you haven't seen my Beginner's Guide to Transfer Partners video yet, it contains a lot of helpful insights to the approach. Here's a link: th-cam.com/video/ae1WayyrwnE/w-d-xo.html
I think Ben Hedges may have just seen your video. Check it out! 🙄. But you were there first...
👍
Mark, I've been trying to bust the myth of the credit card ladder. At the end of the video, you stated that you are not calling the ladder "wrong". However... I am calling it wrong.
Like you said, its misleading. It guides people "up" the ladder in a uniform direction, as if this is the destination (at the top) that all people want to be. Furthermore, people like me on "team cash back" tend to stay on the 2nd rung. Does this mean that people like Shifu who are on the 4th rung are FARTHER on their journey? No, not in the least. The direction of the ladder is completely wrong. Not misleading. It's wrong. Its like saying the food ladder is pizza then burgers then sushi then mayonnaise-covered chocolate. If you are not eating mayonnaise-covered chocolate, yet, you are far behind.
This approach forces people to reach a destination that is based on FEES (lowest to highest). It is not based on goals/purpose.
The correct analogy is the Credit Card FORK 🍴(ignore the knife, I couldn't find an emoji of just a fork). Let me explain.
The handle of the fork is like what tier 1 of the credit card ladder is. It is for building/repairing credit... and its the foundation for everybody.
The fork splits into THREE tines (tines are prongs on a fork...) These three tines are equal in length and height, and they run parallel to each other. So if you are on tine #1, you are not above/below tine #2 or tine #3.
Tine #1 is team cash back. This is for people who are happy where they are and have no desire to travel. They can be satisfied looking at a picture of the sphinx rather than standing in front of it. This is similar to the 2nd rung on the ladder.
Tine #2 is team travel. This is for people who can make use of hotels and air travel. Note that some cards may exist in multiple tines (like the Freedom Flex can be in tine #1 for 5% cash back, but it can also be in Tine #2 for a travel setup). This is similar to the 3rd and 4th rung on the ladder.
Tine #3 is for team status. These are insecure people who feel inadequate and need something to flex, so they clang their card on tables to say, "My genitals aren't small! I swear!" They like to make waitresses/waiters feel jealous, being in the presence of a "real" human being, which the waitress/waiter is not. This is the 5th rung on the ladder.
You should do a new video on the corrected "Credit Card Fork".
Thanks for sharing your perspective & all the details behind it, Icarus! Totally get what you're saying. The fork analogy can make sense.
I'd say the ladder is only 'wrong' if it is championed as either a One-Size-Fits-All approach or as The One & Only Approach.
I recently opened two cards for my upcoming trip, got my first step 3 and first step 4 card within a month 😂
Congrats, Yan! ✈️
It’s unique videos like this that put this channel in a class all by itself. Great video as always and as is typically the case I totally agree with you.
Appreciate it, Chris!
And of course TH-cam suggests the Credit Shifu's "How to Climb the Credit Card Ladder in 2023" video in the suggested videos sidebar 🙃
💳👍
It's one of the best videos I've ever seen on this channel.
Thanks so much, Tariq!
I'm at $6185 in AFs! Went a little overboard. The only above $400+ AF card left to get is the AA Executive (except invite only cards and the Barclays Gold Card 😂)
That's a strong fee count! 😁
My Ladder
1.NFCU PLATINUM 20k
2.Chase Sapphire 40k
3.NFCU FLAGSHIP 30k
4.Amex PLATINUM
5.Amex Cash 30k
6.Marriott Bonvoy 50k
Skipped all the baby cards!
I learned a lot from Mike from the credit game.
But once he went to jail I found you 😂
I got #5#6 with your help.
Well done with your journey (phenomenal credit limits, too)! 💯
Who went to jail??
I totally agree ...having 5 Amex cards ..I went thru similar ..very helpful video...Thank you . !!
Congrats on those 5 approvals, Alexis!
Yeah, the ladder of credit is a myth not your credit score not income but what’s inside your credit? What’s your habits? What do you have in the picture? That These companies send to the credit bureau‘s every month? What credit limits do you have on your cards what credit utilization Are you at every month? That’s what they look at. Credit score only tells how good you are at juggling and income only tells that you can pay off the cards the loans that they give you
There are a lot of factors! 👊
My 1st card discovery at 18 and chase freedom 19, sapphire preferred and Amex platinum at 20years old 😊
Well done, Eric! 💯
Doesn't seem like the Amex PLT is that special anymore. I remember like 20 years ago, I rarely saw that card. I work for an airline so I've seen a ton of cards over the years. The last few years though I see them more and more. I think Amex has gotten a little more open with approving them than in the past.
Yep. One of the least exclusive cards I've ever seen nowadays 😄
@@MarkReese I know right? Honestly why I like the Gold card instead. It's less pretentious but still very classy. The other day I was helping a passenger and she her wallet open with the AG on top...it really stood out more with that darkish shiny gold color. It caught my eye immediately. lol
Whoa that was great context as always something definitely to think about keep it coming sir
Glad the context was helpful 👊
You forgot one thing you can get top tier cards when your mother and father who have a career and have over 800 credit scores and they have over 20 years credit history and they add you now you have over 800 credit scores and 20 years history on your credit files 😏that’s how alot of people got they top tier cards too and they too add somebody on now they got a good credit scores so it’s always a way around things
Yes being an authorized user on a strong account can be a big help!
Excellent info Thanks!
You bet!
Ben Hedges watched this video and wept uncontrollably.
😂👊
I’m not sure why most of these Credit Card TH-camrs who make these Card ladder videos put the Amex Black Card in their videos when the majority of viewers watching them will never get the Amex Black Card.
Because it's well recognized and represents Tier 5.
Good content! Wonder how many people decline invitations?
Thanks! That'd be an interesting statistic 👍
@@MarkReese yeah, came to mind since you were pointing out some people's experiences of being approved. I'm sure there's a Reddit out there... 🧐
Great video thanks right now I use the united airlines explorer card the best buy card the city rewards plus card and the m life las vegas card from the bank of Omaha I am not sure what amrican express credit card to get yet.
Right on! 💯
Yes, great explanation!
Thanks Micheal!
Doesn't Amex just give Amex Platinum to anyone with a pulse?
All I can say is it's way easier to get than most people think 😁
i got approved for my first card ever 2 days ago !! skymiles gold :) im 22 and have a 727 on transunion but only a 680+ on fico. which do they care about more ? i want to apply for amex green or blue cash everyday next jus havent decided
Congrats on the approval, 8oichi! Where did you view that 727 TU score?
The G.O.A.T. has returned! 😎👍👏
🏆
R we not gonna talk about the 24 credit pulls?? No?? Ok 😂
Forgot to discuss that haha! Glad it still made an appearance, though!
interesting. I didnt really know anything about credit cards when i was younger. so i screwed up and almost all went to collections or I canceled them. I paid everything off of what was in collections recently (which was like $3000) now I am rebuilding with my secured capitol one card that I just got. my credit score is roughly around 20 points or a bit more from being good. So I am wondering how long this will take me before I can get the cards I do actually want.
Well done on getting your credit situation on a better path 💯 I don't have a way of saying how long it'll take to rebound, but more important is doing the right things to guarantee it happens.
Stick to issuers that have reliable soft pull pre-approval applications like Discover and American Express, and you can start right now testing the waters. The Discover It or AMEX Blue Cash Everday are very solid tier 2 cards.
How long do you recommend waiting between your last credit card and applying for a home loan? Does the answer change based on if it's a business or personal card?
There isn't a set rule for that. I'd personally go 6+ months, and ideally 12 months. Does not matter if it's business or personal.
@@MarkReese great. Thanks for the quick reply
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❤ lol I don’t wanna climb 🧗♀️
Then jump! 👍