Great tips and new ideas for me once again Queenie. I pay off my credit card in full every month. As I don't travel I choose to have my points automatically redeemed for $100 cash which gets deposited into my credit card. 👌
Im one of the only millenials I know with a cc. Everyone else is so scared. They think they are smart with afterpay meanwhile Im getting free flights to Europe...
One more gotcha with not paying your card off in full is that you lose the "interest free" status. Your 55 (or whatever) interest free days is gone until you get a zero balance statement (or complete a statement cycle with payment in full). So, if you get charged interest on an outstanding balance - pay it off in full + some daily interest to make absolutely sure the card is paid off and not accruing further interest and then set it aside (including switching all regular payments...or pre-pay the scheduled payments onto the card) and use another card until you get a zero-balance statement again.
As always you make some great points Queenie. The One takeaway ( I knew this already) was banks look at the limits on your credit cards as a potential debt and your ability to repay that debt. Even though you only owe a small amount or owe nothing. At the same time, banks are quite happy tp increase your limit , I never do and my limits have not changed in 30 years, and never will. Stay in control of your personal finances. Thanks again Queenie.
Thanks Henry! Yes agree that’s why I reduce my credit limit when I’m applying for loans. So true that they are happy to increase our limit but the key is knowing!
Also to mention that if you unknowingly apply for a credit card online (I.e. they do a check but you're not really applying for a credit card) it goes on your credit record and registers as a rejection. Also banks actually look at total of the card vs what's on the card. E.g. if I have a $5K card though I have a $0 balance it's added as a $5K debt coz there's potential you would use the debt. Really depends on how much you earn whether that matters or not.
Hi I just applied yesterday for the American Express ultimate and I forgot to do it with your link .. can I do it again with your link even if I am waiting for the outcome that said that can take 5-10 days or it will affect me to send again the application Thank you
I have never had a credit card in my life you need to spend $3000 in the 1st 3 months can you pay registration & all of my food to make up that 3k thanks
Hi Queenie and Sayuri - have you tried using RentPay? I plan to use it to meet minimum spends although I'd hope that it would count as an 'eligible purchase'
Great tips and new ideas for me once again Queenie. I pay off my credit card in full every month. As I don't travel I choose to have my points automatically redeemed for $100 cash which gets deposited into my credit card. 👌
I literally LOVE my Amex card more than anything!
Sameee!! Love all the free points 😍
100% love those reward points, wipes hundred off the family holiday bill!
Master the cards, or they will master us.. Thnks for sharing Queenie!
Sooo true!! It's all about "mastering" the cards as you say :)
Credit cards are great if used correctly! Awesome video, Queenie!
Totally agree!! If used correctly we can get heaps of free benefits and rewards!
I love my credit cards points. Used them to pay for my families flights to Hamilton Island. Love your vidoes
Hardly anyone seems to accept Amex in Australia and New Zealand. I only keep mine for use when travelling in the United States.
That's true, that's why I also have a Mastercard or a Visa credit card as a backup 😊
I don't want to travel. Is there any point even looking into credit cards then?
This was very informative and helpful, you’re truly amazing Queenie👑🚀
Aww I’m glad you found this helpful 😍
Im one of the only millenials I know with a cc. Everyone else is so scared. They think they are smart with afterpay meanwhile Im getting free flights to Europe...
One more gotcha with not paying your card off in full is that you lose the "interest free" status. Your 55 (or whatever) interest free days is gone until you get a zero balance statement (or complete a statement cycle with payment in full). So, if you get charged interest on an outstanding balance - pay it off in full + some daily interest to make absolutely sure the card is paid off and not accruing further interest and then set it aside (including switching all regular payments...or pre-pay the scheduled payments onto the card) and use another card until you get a zero-balance statement again.
I’ve been using my card to raise my points for rewards! Gotta long way to go to catch up with mom lol
Oooo nice!! The points are amazing hey 😊
As always you make some great points Queenie. The One takeaway ( I knew this already) was banks look at the limits on your credit cards as a potential debt and your ability to repay that debt. Even though you only owe a small amount or owe nothing. At the same time, banks are quite happy tp increase your limit , I never do and my limits have not changed in 30 years, and never will. Stay in control of your personal finances. Thanks again Queenie.
Thanks Henry! Yes agree that’s why I reduce my credit limit when I’m applying for loans. So true that they are happy to increase our limit but the key is knowing!
Also to mention that if you unknowingly apply for a credit card online (I.e. they do a check but you're not really applying for a credit card) it goes on your credit record and registers as a rejection. Also banks actually look at total of the card vs what's on the card. E.g. if I have a $5K card though I have a $0 balance it's added as a $5K debt coz there's potential you would use the debt. Really depends on how much you earn whether that matters or not.
Here from America 🇺🇸 😁
Great video, I’m trying to get into credit cards myself!
I just used my credit card points to buy my flight to Miami
Looove free flights!!
Hi I just applied yesterday for the American Express ultimate and I forgot to do it with your link .. can I do it again with your link even if I am waiting for the outcome that said that can take 5-10 days or it will affect me to send again the application
Thank you
So are you saying you are changing credit cards every year? Just to get the bonus points? Does that cause any problems
I have never had a credit card in my life you need to spend $3000 in the 1st 3 months can you pay registration & all of my food to make up that 3k
thanks
I still only use 1 card for all of my needs but I've thought about doing the credit card hacks for those sign on bonuses!
The sign up bonuses are the best part for sure! You get $1000s in free rewards!
Hi Queenie, how often do you change credit cards to maximise points? Is it every year?
Yep every year usually ☺️
Very helpful Queenie. Personally I don't care too much about travelling. Wondering if any of these points hacks will be useful for me.
Does this mean you cancel the card once you have used your flight? Then get another card for the next flight?
SOOOO fkn helpful! Thank you :)
Glad it helped Matty!
queenie, where are you bruu
Hi Queenie, is there any way to put rent through a credit card to help with minimum payments?
Unfortunately not - I tried doing this :(
Hi Queenie and Sayuri - have you tried using RentPay? I plan to use it to meet minimum spends although I'd hope that it would count as an 'eligible purchase'
Thanks for the video. Would you share the link for the finder app you talk about?
Hi Mario, sure, here is the link: www.finder.com.au/app
thank you, it is very elaborated
Hey queenie what is credit limit?
hey i just want to ask do u make class or session to teach on investment? if yes where I can access
I have a video playlist you can check out too ☺️ th-cam.com/play/PLeFIUXIn7EMn9nZp8wayg2xDFgyfVc8Fw.html
My metal credit card master card world elite and it comes with visa infinity. I get unlimited lounge access
Ooo soo fancy!! Unlimited lounge access 😍
great video, thank you
Hectic
Very well explained Queenie!
Great content and advice Queenie money smart always
Thank you!! I'm glad you liked it 😊
the link to your amex is broken
Thanks! It’s working now
How do you claim your fees as travel?
The annual fee is sometimes given as a credit so you kind of use it like a gift card!
Which credit card are you using
I have a link in my bio which you can check out!
Which one do you recon
Check out the Finder app to compare credit cards! I like AMEX frequently flyer credit cards usually ☺️ I have a link in my bio to my credit card!
Debet 442.880.000.000,-dirham.
early.nice
Welcome!
Please make a video on RAC
I haven’t heard of them!
It’s an amazing company that is fighting cancer