This video is aimed at people who are relatively new and inexperienced in the credit card game. With the purpose of protecting them from extra fees or paying interest, damaging their credit score. Some people who are more experienced, may disagree with some of the points in this video.
If you are planning on paying your credit card bill in full each month and as long as you aren't charged any fees (for utility bills for example), can most of these rules be disregarded since the interest would be avoided?
I understand your point about the recurring payments, but I would have to generally disagree. Recurring payments for things like gym memberships, subscriptions, etc. are one of the things for which I think credit cards are perfect. Gym memberships and other such things are notorious for seemingly unscrupulous billing practices, should you ever decide to cancel whatever service it is. You can read horror story after horror story of people cancelling things only to continue to be charged for them, and this is something that is much easier to resolve with a credit card than say if they had access to a checking account.
That's because they should contact it from their bank's side. Direct Debits are done with your permission given to your bank. It's all about being vigilant and aware. I'm a hawk when it comes to my money and watching my accounts. More of us should be, I believe!
Agree. As long as it's a carefully thought out decision, and there is no fee, why not put your recurring payment on a card and get those rewards, even if it's only 1%?
I think you should rename this to "what not to buy on credit for beginners". I put my gym membership, Netflix, internet bill, and etc. I still manage to stay under 30 percent. I have to pay those anyways so it's nice to get rewards in return.
I think recurring payment is actually great to put on a card if there's no fee. Those are expenses you have to pay anyway, so you might as well get whatever points you'll get from it. Average phone bill is about 55 so in a year 660 points on a 1% or 990 on a 1.5%.
It is good if you have access to a larger credit line, so there is no risk of pushing you over your credit limit or pushing your utilization too high. We just don't recommend it for beginners
I agree with most of the reasons you explained but the only times I would use the credit card is like "extreme" situations where you have no access to funds to protect your livelihood. Credit cards got me out of a lot of bad situations. And the other time, which was mentioned, is if you're going to use the credit for a guaranteed cash return or investment.
One critical piece of information regarding interest free loans for x months (which are commonly offered in furniture stores): the interest is charged RETROACTIVELY for the entire amount if it's not entirely paid off, even if you paid of 99% of the balance. Very dangerous. Save up and pay cash!
Ramy Majouji if you can't trust yourself or are not responsible enough to take advantage of a great no interest type deal for a certain number of months then you also shouldn't have credit cards period. It's the exact same concept. Anybody with credit cards should be paying them off in full every month, no different then the special financing offers, they just give you more time.
Yo Yo because if I can make a BIG purchase with 0 percent financing and I'm responsible enough to be in a position where it's not going to hurt my credit utilization then I would be an idiot to "just pay it off" if I can use the money to make even 1% somewhere else. It's simple economics. I'm using their financing to make ME money. And once again, if someone doesn't trust themselves enough to pay it off in full in the specified period of time or they aren't responsible enough to do it, then they shouldn't have credit cards in the first place.
you can use your credit card to make a down payment on your card if you'd like. only if you have the actual money in your checking account to pay that charge off right when it posts to your credit card account. if you do decide to go with this option make sure the dealership doesn't charge any fees for using a credit card to make a down payment and make sure you actually pay that credit card off when the charge posts.
I pay everything with my credit card. Utility bills, mortgage (yes my company allows this), groceries, gas, insurance, whatever I can. I also pay it off at the end of each month so I don't pay them interest, I keep my money in my account earning interest for me.
Putting recurring payments can be beneficial. American Express notified me when my cable bill went up. Because the recurring payment amount had been consistent, American Express noticed an "unusual activity" when the cable company jacked up the price and notified me. I called the cable company immediately and renegotiated my deal.
Thanks for the collaboration guys. What I love about this is the personal stories (The Credit Shifu made impulse buys 😵) and that both The Credit Shifu and Ask Sebby are giving advice from their perspectives and for their followers: The Credit Shifu to help establish Credit and avoid the pitfalls of credit card abuse, and Ask Sebby with maximizing spend and perks. Perhaps in the future, consider mentioning that these tips are for specifically for those subtype of people as otherwise those new to your channels would be confused. Keep up the good work gentlemen.
This thumbnail was a little misleading. Buying a car with a credit card would be great. I tried to pay for one with a credit card because $50,000 is a lot of reward miles and I had the cash to pay for the car anyway. Unfortunately, the dealership would only put 5k on the card because of transaction fees cutting into their profit. Better than nothing though.
My impulse buy 3 months ago: A BMW X7. I tried to charge it to the Amex platinum. The dealer said they could only charge 1k. So 1k rewards points for a $100,000K purchase.
Wait... Are these guys assuming that people are revolving their credit card balances??? Literally the only thing that shouldn't go on your credit card is anything that will charge a service fee. Everything else should. Because you should be paying it off each month.
I pay my Electric Bill with a credit card, because it's only a $3.50 fee. I just make sure to pay $700+ at a time. Recurring billing also helps me not have to worry about being late, but I always look at my statements. No use paying for services you no longer use.
Filipe Saramago what shithole country do you live that makes you think a $3.50 fee is too much AND also somehow manage to pay only $38 of electricity a month? Lol
Apples payment plan is a Barclays credit card with Apple rewards. They offer 18 months 0% on purchases over $999 I believe. I bought an iMac on one and it's fine. Worst part was it having a high balance for a while but I paid that down quickly and ended up with some extra Apple gift cards pretty fast. Didn't cost me anything over the purchase cost.
This was very informative, i was thinking of go out and pay everything with the credit card to take advantage of the cash back because i do have the money to pay it off but i wasn't aware that some purchases charge you interest so this video literally saved my life... 👀 thank you guys !
Um so what can we buy with it then? you guys are confusing your followers..... personally, I buy whatever, stay under 30%, and pay the balance off within hours.. 😉
I went to my drs office for a scheduled appointment, when I checked in the secretary wanted to know if I could pay the $212 previous doctor bill. I said I don't carry that much cash on me. She said I could use a credit card. I told her I don't pay the dr bills till I get the bill in the mail. She was terribly frustrated and had to have it then, I said NO, when I get the bill in the mail i will review it and pay it (after it has gone through the insurance co), I pay what is left, Not up front.
You can put reoccurring bills such as cable, cell, satellite TV on a AMEX charge card and there are no added fees. Actually you get a discount from the companies with auto pay, plus your paying off AMEX every month anyways.
Recurring payments are a great use of credit cards IMO. If your goal is to just build credit you basically put a bunch of subscriptions on the card and get it used automatically to build credit. And ontop of that all your subscriptions appear in a single app on your phone for your credit card, so you can see what you're not using anymore, whereas your bank statements just kind of become a confusing blur of restuarant, subscription, groceries, subscription, other grocery chain. The bit about utilities isn't always true either. It's obviously not worth if there is a fee, but there may not even be one.
Great videos and very informative. Even those of us that live a minimalist lifestyle can see the benefits of having good credit. My rent, car insurance, and recent new job all involved my credit score and was a determining factor!
As part of a credit repair strategy, I pay for things with my credit card that would not be debt, such as bills I normally paid with my debit card in the past, and pay it all off on the statement date. I still keep it under 30% utilization and my utility company does not charge a fee. This way, I am using my credit card, not incurring debt, not paying interest and improving my credit score month by month. I never ever set up anything auto-pay to the credit card.
Maryland is huge commuter state, my ez pass refilled at $450 once... While I was on vacation so all my vacation money got paid to tolls that I wasn't even using because I wasn't in the state. Learned my lesson: don't leave your card on file for ezpass, just type it in every time 😥😥
If a beginner or anyone really simply wants to increase their credit score a good way to do so is: 1. Set up a subscription like Netflix or spotify to charge your credit card. 2. Take note of the posting date for the charge, the amount posted to include tax, and the statement date for the credit card. 3. Set up an automatic payment for the exact amount of the subscription plus tax to be paid on your credit card sometime between the statement date and due date. 4. Don't use your credit card for anything else. You could even hide it in a drawer. Do this for several months and your score will definitely increase. I should note this works best if your account balance is at $0 to start. Otherwise the automatic payment might not be enough to cover the minimum due.
Both mine and my dad's utility companies don't charge a fee to use a personal card, I'm getting a vantage west connect rewards visa, and it lets you pick a 5% category from a list of choices. I'm getting one and picking utilities
I use my credit card for subscriptions and recurring bills that don't have processing fees because it consolidates the various due dates into one easily managed transaction. It also helps with keeping my checking account statements nice and clean so that oddball transactions (including fraud) are easier to detect.
It's been over 2 years ago when they did this, today in June 23,2020 Now I'm hearing Paying phone bill, Utility bills, As long as you have good history, it can help your credit. I forgot how they put it in words, but it can now help with your credit.. Like my phone bill is almost $250+ a month, I have been paying on that for almost 7 years. I'm with Sprint and I have 2 brand new phones with extra things,that's why my bill is so high. I'm with DISCOVER, and I don't pay no extre money to either place. So I feel I buy all these extra items and I Pay my bill always on time each month. NEVER LATE. It's a bill that I always pay every month. And I pay always the whole bill off on my discover. Charge it that week, pay it off that week.
Not all utility companies charge extra fees. Speak with your utility provider regarding reoccurring credit card payments. While my electricity and natural gas provider do not charge extra for credit card payments, water/sewage do.
Where I live we pay a very low fee for online payment pf bills (like 0.5% maybe?) which is reduced to 0 if dobe through the bank itself (via app for example). Financing any item here is free for almost all credit cards (0% intrest, just be on time and you are golden)
I always try to pay my utility bills with the card. No extra fees and I get cash back. In over 25 years of having CC’s I have never paid a cent in interest to them.
I only use my card for recurring payments and gas. I have a $750 limit and I pay for Google music $10 a month and then gas is about $150 a month. Then I pay my once a year phone bill for $250. I am well under my limit and I know what I'm going to pay every month. I also use it for emergencies in case I need to buy books for school or something and I don't have cash on me at the moment.
What about an iPad for college? What if you buy half of it in cash n then the last hundred or so on your credit card? Is that better then putting it all on credit?
does this apply if you are trying to build credit. Im a college student and is always made sense to me to just pay my rent/utilities with a credit, and everything else with a debt in order to avoid impulse buying, or improper budgeting
I disagree with the Ez pass or phone bill not being paid via C/C as i have a credit card designate for each: have done it for a couple of years and voila my credit score is currently 811!
I just bought a new cell phone, I had been paying the bill with a debit card, if I had been paying with a credit card from the same bank I would have had free phone protection, you better believe that bill is on a credit card now.
My utility company doesn't charge me anything for using a credit card. I get a monthly statement from my utility company & that's the same amount from the credit card bill.
My credit card offers me reward point's so i use it for pretty much everything and pay it off every month even though i have 0% on purchases for 30mths(UK Credit Card). After this offer expires I can take out another card with the same provider to take advantage of a similar offer again later on. Paying interest sucks but sometimes it's unavoidable like around Xmas time.....good video
Can you transfer points from Chase Ink Business Preferred (CIBP) to Chase Sapphire Preferred for the high conversion rate to airlines? If so, would you recommend product changing from the CIBP to the Chase Business Ink Cash after getting the sign up bonus?
In regards to that recurring payments, does that include subscriptions like Netflix, HBO, Amazon etc? Because I use a credit card for those but I've always paid it off full. I could easily just pay from my checking but I figured if I can afford it already then why not build my credit while I'm at it and just pay it off as soon as I get my statements. idk just asking
UGHHHH man, the two Top 5 videos just HAD to make it more conflicting on the ONE thing that I kept fighting back and forth on whether it's a bad purchase or not - an M1 MacBook!
Would you consider wireless/phone provider utility? Amex HH Business offers (i think) 6X points for wireless purchases so we put our T-mobile and verizon service bills on it.
This video is aimed at people who are relatively new and inexperienced in the credit card game. With the purpose of protecting them from extra fees or paying interest, damaging their credit score. Some people who are more experienced, may disagree with some of the points in this video.
does buying alcohol in a club negatively affect your credit score ?
I think you'll be fine. You might feel some negative effects the next morning though...
If you are planning on paying your credit card bill in full each month and as long as you aren't charged any fees (for utility bills for example), can most of these rules be disregarded since the interest would be avoided?
The Credit Shifu I definitely needed this
fortwintee1 ,,8053287921
5. Utility Bills, Rent and Taxes
4. Recurring Payments
3. Other Loans
2. Cheaply Finance-able Items
1. Impulse Buys
Charlie fvsddss😉🙃🤑🙂🤗☺️🙄😍👄
Thanks too lazy to watch it all
Thanks
Charlie thanks man
thank you!
Ohhhh sh*t. The collaboration the credit community been waiting for.
Glockmada now we just need to rope in beatthebush in here and they'd be an unstoppable trio
epiksar heck yeah!!!
Ahahaha let's make it happen
After COVID reunión 😳
I understand your point about the recurring payments, but I would have to generally disagree. Recurring payments for things like gym memberships, subscriptions, etc. are one of the things for which I think credit cards are perfect. Gym memberships and other such things are notorious for seemingly unscrupulous billing practices, should you ever decide to cancel whatever service it is. You can read horror story after horror story of people cancelling things only to continue to be charged for them, and this is something that is much easier to resolve with a credit card than say if they had access to a checking account.
It's very easy to swap checking accounts?
That's because they should contact it from their bank's side. Direct Debits are done with your permission given to your bank. It's all about being vigilant and aware.
I'm a hawk when it comes to my money and watching my accounts. More of us should be, I believe!
Agree. As long as it's a carefully thought out decision, and there is no fee, why not put your recurring payment on a card and get those rewards, even if it's only 1%?
I think you should rename this to "what not to buy on credit for beginners". I put my gym membership, Netflix, internet bill, and etc. I still manage to stay under 30 percent. I have to pay those anyways so it's nice to get rewards in return.
Sebby looks like he is being held hostage. Great video though.
CD Don he looks super uncomfortable.
Gay panic ;)
Awesome video. The two people that helped me get my credit score above 750. You guys rock!
0:19 Utility bills, rent and taxes
1:36
3:13
4:19
6:12 Impulse buys
I think recurring payment is actually great to put on a card if there's no fee. Those are expenses you have to pay anyway, so you might as well get whatever points you'll get from it. Average phone bill is about 55 so in a year 660 points on a 1% or 990 on a 1.5%.
It is good if you have access to a larger credit line, so there is no risk of pushing you over your credit limit or pushing your utilization too high. We just don't recommend it for beginners
I just signed up for my first credit card so I’m a total noob here but what are points in this context?
Shawn Thompson he probably is referring to cash back or rewards points some cards offer
Ignore this video. Use your credit card for everything you can afford. Pay it full every month and enjoy the points
Polkadot, amen
Polkadot Cash advances don’t earn points.
Thank you
Bad advice
Polkadot Yeah, you'll love paying the surcharge that almost every utility company charges you to use your credit card to pay your bill.
Two great guys! Thanks for the information as always. 😃
Become a Discover Cardmember and you'll get $50 Cashback Bonus with your 1st purchase within 3 months.
refer.discover.com/s/igbdk
Two lame guys! Thanks for the information as always. :)
Awesome!! Holy crap, Seb is in
NYC/NJ!!! The two Gurus of credit cards! So amazing, never thought I'd see this!
6. Your wife
Vinny Ocean Savage
🎶She’s a man eater🎶😂😂😂
I agree with most of the reasons you explained but the only times I would use the credit card is like "extreme" situations where you have no access to funds to protect your livelihood. Credit cards got me out of a lot of bad situations. And the other time, which was mentioned, is if you're going to use the credit for a guaranteed cash return or investment.
One critical piece of information regarding interest free loans for x months (which are commonly offered in furniture stores): the interest is charged RETROACTIVELY for the entire amount if it's not entirely paid off, even if you paid of 99% of the balance. Very dangerous. Save up and pay cash!
Good advice
Ramy Majouji if you can't trust yourself or are not responsible enough to take advantage of a great no interest type deal for a certain number of months then you also shouldn't have credit cards period. It's the exact same concept. Anybody with credit cards should be paying them off in full every month, no different then the special financing offers, they just give you more time.
Ramy Majouji um how about paying it off then....
Steven Miller ya know? These people act like such babies where the f is the accountability?
PAY THE DAMN BALANCE!
Yo Yo because if I can make a BIG purchase with 0 percent financing and I'm responsible enough to be in a position where it's not going to hurt my credit utilization then I would be an idiot to "just pay it off" if I can use the money to make even 1% somewhere else. It's simple economics. I'm using their financing to make ME money. And once again, if someone doesn't trust themselves enough to pay it off in full in the specified period of time or they aren't responsible enough to do it, then they shouldn't have credit cards in the first place.
you can use your credit card to make a down payment on your card if you'd like. only if you have the actual money in your checking account to pay that charge off right when it posts to your credit card account. if you do decide to go with this option make sure the dealership doesn't charge any fees for using a credit card to make a down payment and make sure you actually pay that credit card off when the charge posts.
the two greatest credit card maximizer
Pizon Shetu Learn English
Lewis Johnson Fuck off grammar police
Idk, BeatTheBush is great as well
Ceddy Wap you mean BeatTheMeat.....
“Beat the Bush” trumps these guys when in comes to credit card utilization most especially the white dude on this video.
I pay everything with my credit card. Utility bills, mortgage (yes my company allows this), groceries, gas, insurance, whatever I can. I also pay it off at the end of each month so I don't pay them interest, I keep my money in my account earning interest for me.
Which mortgage company is it, very curious?
In Canada at least it's illegal to charge more for those who pay with CC.
Putting recurring payments can be beneficial. American Express notified me when my cable bill went up. Because the recurring payment amount had been consistent, American Express noticed an "unusual activity" when the cable company jacked up the price and notified me. I called the cable company immediately and renegotiated my deal.
1. Utility bills and rent
2. Recurring payments, monthly charges
3. Other loans, car and mortgages
4. Cheaply "financeable" items, laptops, TV's, etc.
5. Impulse buying.
Thanks for the collaboration guys. What I love about this is the personal stories (The Credit Shifu made impulse buys 😵) and that both The Credit Shifu and Ask Sebby are giving advice from their perspectives and for their followers: The Credit Shifu to help establish Credit and avoid the pitfalls of credit card abuse, and Ask Sebby with maximizing spend and perks. Perhaps in the future, consider mentioning that these tips are for specifically for those subtype of people as otherwise those new to your channels would be confused. Keep up the good work gentlemen.
great to you guys working together....i have learned a great deal from both
Awesome Collaboration guys two of my favorite TH-cam channels together !!! Awesome Ben & Sebby !!!
This thumbnail was a little misleading. Buying a car with a credit card would be great. I tried to pay for one with a credit card because $50,000 is a lot of reward miles and I had the cash to pay for the car anyway. Unfortunately, the dealership would only put 5k on the card because of transaction fees cutting into their profit. Better than nothing though.
Booom, likewise I got 5k.......my cousin put her whole rogue on the credit card 😮😮
Glad you guys are working together!
My impulse buy 3 months ago: A BMW X7. I tried to charge it to the Amex platinum. The dealer said they could only charge 1k. So 1k rewards points for a $100,000K purchase.
U get 5x for most utility bills and phone bills, internet bills with old ink preferred which i still have. Definitely use it
So what's the point in having a credit card ?
+George Is Super Elite check out some of our other videos for more info on that
The Credit Shifu haha I was being sarcastic I checked out that video already.
It's great to see you both together on one video!
I was able to repair my bad credit card and also boost my credit scores in 2 weeks
these are ALL the things i use my credit card for... plus gas and groceries lol. i use my cc for everything except i pay it back in full every month.
Wait... Are these guys assuming that people are revolving their credit card balances??? Literally the only thing that shouldn't go on your credit card is anything that will charge a service fee. Everything else should. Because you should be paying it off each month.
Cazmeus thank you
nice to see you two guys working together you should go on his channel as well. Keep up the great work guys
Good to see the collab.
The information was pretty basic but it was worth the watch just to see these two together
This was amazing i enjoyed the team up.... if tech youtubers can do it so can yall keep it coming!
Thanks for all the wealth of information fellas
I pay my Electric Bill with a credit card, because it's only a $3.50 fee. I just make sure to pay $700+ at a time. Recurring billing also helps me not have to worry about being late, but I always look at my statements. No use paying for services you no longer use.
thejokerspeaks "only" $3.50. Also, $700 in electric bills? That would pay me a year and a half of electricity!
Filipe Saramago what shithole country do you live that makes you think a $3.50 fee is too much AND also somehow manage to pay only $38 of electricity a month? Lol
Francisco Manuel Sánchez Rubio in America I only pay a 1.75 fee lol
Apples payment plan is a Barclays credit card with Apple rewards. They offer 18 months 0% on purchases over $999 I believe. I bought an iMac on one and it's fine. Worst part was it having a high balance for a while but I paid that down quickly and ended up with some extra Apple gift cards pretty fast. Didn't cost me anything over the purchase cost.
This was very informative, i was thinking of go out and pay everything with the credit card to take advantage of the cash back because i do have the money to pay it off but i wasn't aware that some purchases charge you interest so this video literally saved my life... 👀 thank you guys !
This is awesome. Glad you guys hooked up to make a video. I follow you both and love your work. Great stuff guys!
What a team up! Time for another epic one
Um so what can we buy with it then? you guys are confusing your followers..... personally, I buy whatever, stay under 30%, and pay the balance off within hours.. 😉
Truth-Seeker so you pay off even when the transaction is pending on your credit card ?
Stay below 10% it helps a little
@Willie Morgan good to know, stop spamming
How did you guys get into the same video ? In other words, what type of sorcery is this ? ?
Thank you since I been viewing your guys videos my score went from a low if 550 to a high of 725 from a secured credit card.
I went to my drs office for a scheduled appointment, when I checked in the secretary wanted to know if I could pay the $212 previous doctor bill. I said I don't carry that much cash on me. She said I could use a credit card. I told her I don't pay the dr bills till I get the bill in the mail. She was terribly frustrated and had to have it then, I said NO, when I get the bill in the mail i will review it and pay it (after it has gone through the insurance co), I pay what is left, Not up front.
It's good to hear that even you guys make credit related mistakes.
You can put reoccurring bills such as cable, cell, satellite TV on a AMEX charge card and there are no added fees. Actually you get a discount from the companies with auto pay, plus your paying off AMEX every month anyways.
I have heard you can charge the settings on EZ pass so it doesn't fluctuate that way.
I think for utility bills, if you have the chase freedom unlimited and the reserve you can effectively calculate your net reward points after the fees
Recurring payments are a great use of credit cards IMO. If your goal is to just build credit you basically put a bunch of subscriptions on the card and get it used automatically to build credit. And ontop of that all your subscriptions appear in a single app on your phone for your credit card, so you can see what you're not using anymore, whereas your bank statements just kind of become a confusing blur of restuarant, subscription, groceries, subscription, other grocery chain.
The bit about utilities isn't always true either. It's obviously not worth if there is a fee, but there may not even be one.
Great videos and very informative. Even those of us that live a minimalist lifestyle can see the benefits of having good credit. My rent, car insurance, and recent new job all involved my credit score and was a determining factor!
As part of a credit repair strategy, I pay for things with my credit card that would not be debt, such as bills I normally paid with my debit card in the past, and pay it all off on the statement date. I still keep it under 30% utilization and my utility company does not charge a fee. This way, I am using my credit card, not incurring debt, not paying interest and improving my credit score month by month. I never ever set up anything auto-pay to the credit card.
What about charging my car insurance to my credit card?
Why am I just seeing this video! Love what u both do for the credit card community. I look forward to both of your videos! :)
You have helped me tremendously with your videos. Thanks bro
Maryland is huge commuter state, my ez pass refilled at $450 once... While I was on vacation so all my vacation money got paid to tolls that I wasn't even using because I wasn't in the state. Learned my lesson: don't leave your card on file for ezpass, just type it in every time 😥😥
Curious to how these rules apply to a secure credit card. BTW you two are the channels I look at. Glad to see the collaboration.
If a beginner or anyone really simply wants to increase their credit score a good way to do so is:
1. Set up a subscription like Netflix or spotify to charge your credit card.
2. Take note of the posting date for the charge, the amount posted to include tax, and the statement date for the credit card.
3. Set up an automatic payment for the exact amount of the subscription plus tax to be paid on your credit card sometime between the statement date and due date.
4. Don't use your credit card for anything else. You could even hide it in a drawer.
Do this for several months and your score will definitely increase. I should note this works best if your account balance is at $0 to start. Otherwise the automatic payment might not be enough to cover the minimum due.
Both mine and my dad's utility companies don't charge a fee to use a personal card, I'm getting a vantage west connect rewards visa, and it lets you pick a 5% category from a list of choices. I'm getting one and picking utilities
I use my credit card for subscriptions and recurring bills that don't have processing fees because it consolidates the various due dates into one easily managed transaction. It also helps with keeping my checking account statements nice and clean so that oddball transactions (including fraud) are easier to detect.
It's been over 2 years ago when they did this, today in June 23,2020 Now I'm hearing Paying phone bill, Utility bills, As long as you have good history, it can help your credit. I forgot how they put it in words, but it can now help with your credit.. Like my phone bill is almost $250+ a month, I have been paying on that for almost 7 years. I'm with Sprint and I have 2 brand new phones with extra things,that's why my bill is so high. I'm with DISCOVER, and I don't pay no extre money to either place. So I feel I buy all these extra items and I Pay my bill always on time each month. NEVER LATE. It's a bill that I always pay every month. And I pay always the whole bill off on my discover. Charge it that week, pay it off that week.
So what do we spend our credit card on
Off topic but the lighting is really pretty
Content isn't interesting but what a gem just to see Shifu and Sebby in same room!
So credit card companies dont consider your phone bill a utility bill?
+miguel rubio well the phone companies I have used (Verizon, Sprint, Ting) don't charge a 3% fee for paying with a credit card.
Not all utility companies charge extra fees. Speak with your utility provider regarding reoccurring credit card payments. While my electricity and natural gas provider do not charge extra for credit card payments, water/sewage do.
How do rich people use credit
Pac Man rich people don't have credit
Steve Amores rich people own credit card companies
I have reoccurring payment on my credit card sunpass 25 bucks i pay it off every month and that helps me build my credit
This video and the other one is what I needed
Shifu vs Sebby....call your local cable providers...PPV of the century!!!
Sure...ppv
Where I live we pay a very low fee for online payment pf bills (like 0.5% maybe?) which is reduced to 0 if dobe through the bank itself (via app for example).
Financing any item here is free for almost all credit cards (0% intrest, just be on time and you are golden)
What if you use your credit card like a checking account, putting all of your income each paycheck?
The both of u are my credit guru’s, love u both like Sunday dinner 😘
I personally pay everything with my CC for the past 4 years lol but i pay it off every week. I just wanna build my credit score so yeah.
I think I can speak on a lot of people who follow these types of videos that THIS is the moment we've been waiting for
I always try to pay my utility bills with the card. No extra fees and I get cash back. In over 25 years of having CC’s I have never paid a cent in interest to them.
Thanks guys for your Knowledge and time,Awesome
I only use my card for recurring payments and gas. I have a $750 limit and I pay for Google music $10 a month and then gas is about $150 a month. Then I pay my once a year phone bill for $250. I am well under my limit and I know what I'm going to pay every month. I also use it for emergencies in case I need to buy books for school or something and I don't have cash on me at the moment.
What about an iPad for college? What if you buy half of it in cash n then the last hundred or so on your credit card? Is that better then putting it all on credit?
does this apply if you are trying to build credit. Im a college student and is always made sense to me to just pay my rent/utilities with a credit, and everything else with a debt in order to avoid impulse buying, or improper budgeting
I disagree with the Ez pass or phone bill not being paid via C/C as i have a credit card designate for each: have done it for a couple of years and voila my credit score is currently 811!
Should you pay the full bill on the due date or the day before the due date
I just bought a new cell phone, I had been paying the bill with a debit card, if I had been paying with a credit card from the same bank I would have had free phone protection, you better believe that bill is on a credit card now.
Does this apply to me? I have a charge card (Amex Gold).
Love This dynamic, great collab!
My utility company doesn't charge me anything for using a credit card. I get a monthly statement from my utility company & that's the same amount from the credit card bill.
I cannot believe you guys did a video together !!!
does this apply to Middle East countries too? like Saudi arabia & Qatar?
Love both of you guys!
My credit card offers me reward point's so i use it for pretty much everything and pay it off every month even though i have 0% on purchases for 30mths(UK Credit Card). After this offer expires I can take out another card with the same provider to take advantage of a similar offer again later on. Paying interest sucks but sometimes it's unavoidable like around Xmas time.....good video
The video thumbnail showed a car, but there was no mention of cars in the video.
Can you transfer points from Chase Ink Business Preferred (CIBP) to Chase Sapphire Preferred for the high conversion rate to airlines? If so, would you recommend product changing from the CIBP to the Chase Business Ink Cash after getting the sign up bonus?
Does this apply to secured credit card?
What If you pay the mortgage as soon as it drops?
In regards to that recurring payments, does that include subscriptions like Netflix, HBO, Amazon etc? Because I use a credit card for those but I've always paid it off full. I could easily just pay from my checking but I figured if I can afford it already then why not build my credit while I'm at it and just pay it off as soon as I get my statements. idk just asking
I love both of your channels
UGHHHH man, the two Top 5 videos just HAD to make it more conflicting on the ONE thing that I kept fighting back and forth on whether it's a bad purchase or not - an M1 MacBook!
Would you consider wireless/phone provider utility? Amex HH Business offers (i think) 6X points for wireless purchases so we put our T-mobile and verizon service bills on it.
What if my recurring pmt is my cell phone bill and I use the chase freedom unlimited to earn 1.5%? There is no transaction fee as well. Is this OK?
What should I use to pay for these things?