1. Discover It 2. Chase Freedom 3. Either Citi Double Cash or Freedom Unlimited 4. Chase Sapphire Prefered 5. 1 of the 3 Chase Hotel cards Your 1st Amex card should be the Platinum with the 100k bonus. I would get which ever Chase cards that you want first and then move on to others.
i have 7mos of credit history... got Discover It, Chase Freedom and Capital One Platinum. Denied for Chase Freedom Unlimited and BOA Cash rewards card... looking forward for my 4th credit card
Capital One Platinum (Upgrade to Quicksilver) Discover It Card Chase Freedom / Unlimited American Express Everyday Or Amex Blue Cash Chase Sapphire Preferred (Upgrade to Reserve) Chase Ink Preferred
Platinum can be upgraded quite quickly to a Quicksilver, typically just 2 or 3 months after getting a Platinum you can upgrade online. It's a really great starter card.
I've been seeing a trend with CO... If you start with the platinum and upgrade to the quicksilver getting CLI is near impossible. It's like punishment almost for not applying for a new card despite your credit improving.
K1ng Baldy woah, is that why it’s so hard for me? Out of all my cards CO absolutely refuses to give me CLIs and when they do it’s like $100. Oldest of all my cards with the lowest limit by a lot
@@Kamryx I called and canceled a 2 year old card with them yesterday. It started as a platinum with a $300 limit when I was rebuilding from identity fraud with a 468 credit score. Fast forward to today those blemishes on my report are gone, never missed a payment and credit score of 715 and I only got the initial bump to $500. Upgraded the card to the Quicksilver with no AF and have been requesting CLI every 3 months constantly denied. They kept saying "you should try applying for a new card" not worth the triple HP imo. I've seen this same issue all over the net so I closed out the account.
Credit Shifus Advice... 1. Capital One Platinum or Discover it (Get Discover it, if you have high spending) 2. Chase Freedom Unlimited or Freedom 3. Get your first Amex Card (Hilton Honors, Delta Skymiles, Amex Everyday card) 4. Chase Sapphire Preferred 5. Chase Ink Business Cards, Chase Airline Cards, Chase Hotel Cards
He’s not kidding about discover’s poor international acceptance. I tried to use my Discover It at a mall in Vancouver and they looked at me like I was crazy
Discover was the first I tried to apply for, when I did the pre-approval process it told me to start with the Secured Card, luckily Capital One had also sent me a letter to apply for the platinum. Got that instead and I was happy with it, Mastercard is way more accepted.
Is it the secured Cap1 platinum card? If so it's not going to graduate and AFAIK you can't PC it either anymore (that info in this video was out of date even when it was first posted) so you're stuck with it at the eventual $300 limit increase unless they change their mind again, sure it's a starter card but if you're starting from scratch it's not so great. Discover's can graduate with a much higher potential limit after the seventh statement/eight month mark. I've never had any issue with Discover being accepted in the U.S. But if you need a secured MC or Visa and have immediate family that has military ties I would join Navy Federal Credit Union, their secured card can graduate relatively quickly compared to others and they can be generous with CLIs and very generous after a few months when you can apply for a second card from them.
@@djzero5893 Nope, was able to get a normal unsecured Capital One platinum card. Increased from 500 to 3500 in a few months without me requesting a limit, and I've been doing great ever since. This was a couple years ago.
1. Discover It (use for 2 years, pay off each month) 2-4. Depends on how you spend: Amazon Prime (Amazon and Whole Foods 5%) Blue Cash Preferred (Grocery Stores 6% - Spend at least $200 a month not including Walmart or Target or wholesale clubs. Gas 3%) BofA Cash Rewards (You Choose: Gas, Online Shopping, Dining , Travel , Drug Stores, or Home Improvement/Furnishings 3%) Wells Fargo Propel (Travel, Gas and Dining 3%) Citi Double Cash (Everything 2%) 5. Chase Freedom or USBank Cash+ or One of the above. Other options: AARP Rewards (Dining and Gas 3%) AAA Member Rewards (Travel 3%) Fidelity Rewards (2% on Everything if you have a Fidelity investment account) Freedom Unlimited (1.5% on Everything if you plan on getting a Sapphire Reserve and want to maximize Ultimate Rewards)
@@freak4twenty I just got the venture bc of the sign on bonus (prob should have went with CSP since I already have the freedom but I didn’t know much about credit cards at the time, I just knew of CO venture from the commercials. I will most likely downgrade it to the free venture card next year so i can kept those points and then get CSP instead. I also want to get the Hilton honors card.
@@princesskkay221 this was from 2 years ago. A lot has changed. Good luck downgrading. Wait for your annual fee to hit after the first year to downgrade and if they let you downgrade ask for your fee to be reimbursed. I say if they let you because they have the tendency to only let you product change to cards with the same annual fee. CSP is a good choice. If you don't want to go crazy deep into what card to use when for the most points and you don't mind the point hustle (maximizing point value when you use them), a great 1 card setup is the Citi Premier card... $95 fee with a $100 hotel credit. Double cash works as a great #2 to this setup and if you want to get deep you can check out their 5% card and the round up card.
Great video! I came to US 5 years ago when I was 18. So I had to get a secure card but I feel happy about my credit history: 1. Bank of America Secure Card (after a year they turned my secure card into a real credit card with $800 limit) 2. Chase Freedom Unlimited 3. Amex Cash Back Everyday 4. Prime Rewards (Chase) 5. AMEX Gold Card Just on my Amex everyday as of 9/9/19 I have a limit of 20K. But I didn’t do what most of the credit mentors recommend to built credit. I’m thinking to make a video on how I did it. Anyways, love your content Shifu! Much love!
my first 5 cards with no credit history: 1. Discover (Secured) graduated to Cashback 2. CF 3. CapOne Plat 4. Amex Blue Cash Everyday 5. CFU all opened within 10 months duration...
Shifu you are my favorite credit card advisor! Any time I wanna know about a card I come straight to your page first! Ive learned so much about cards I want and even cards I already have all through your channel I appreciate your wisdom master shifu!
I got my first card at 19 (Apple Card). Used that for about 15 months to build up my credit before getting the Chase Sapphire Preferred. Timing worked out well as I fulfilled almost all of the spending requirement for the CSP 60k point welcome bonus when i bought an engagement ring for my soon to be wife 😁Your videos have provided me plenty of good advice, looking forward to getting the Amex Gold (or possibly CO Venture) as my third card next year.
WHAT?!? The Credit Shifu actually mentioning Citi cards in a video?!? LOL! Good stuff here. Thanks for sharing. Awesome video and very informative to those getting started in this hobby!
Thank you for the refreshed update. I know you’ve covered these topics before but it’s always nice to see a current list as time goes on. Thank you for taking the time to revisit ❤️
I confirmed with Capital One a few days ago their secured card is NOT upgradeable to an unsecured card. You'll need to close the secured card and apply for an unsecured card.
They started doing that 2 years ago. I started with a capital one secured card. You don't cancel it. You keep it open. It's always best to keep cards open for as long as you can.
@@charleswoodruff9013 your first card you never want to close because it will be your oldest card and help your average age of accounts. Just because it says secured card doesn't mean it's not a credit card. It's still a credit card and you want to keep card open as long as you can.
Charles Woodruff I had a CapitalOne secured card and they just upgraded it to unsecured with out having to ask as long as you pay on time I don’t think it should be an issue. They might have changed it, this was last year. They give you the secured platinum and then make it unsecured, after that then you can product change to a quicksilver or what ever you qualify for.
I started with the back of America secured cash rewards $100 deposit for $500 limit then got a capital one quicksilver one card no deposit $300 limit then got $500 after 5 months. I checked to see if I was pre approved for a chase card online but nothing popped up. Ended up going to a chase branch and was told I was pre approved for all 3 slate freedom and sapphire so I went with the sapphire preferred with 5k limit love it so far next I plan to apply for an Amex when I’m at 720+ score
I started my journey in the same sequence with the same cards. Only thing, I didn't know of the 5/24 rule so my 4th was Wells Fargo and 5th was Barclays. 💳
I started off with the Capital One Platinum card. Great Card! I only had to give them a $60 deposit and they gave me a $200 credit line, after 5 mos of responsible payments they raised it to $500 and then after a year I was able to get the Chase Freedom which I think is awesome 5% back on Gas stations this month which I use gas a lot!
lol. i only have 3 credit cards and 1 charge card. I prefer fewer cards with much higher credit limits. Cuts down on clutter and having to even think about usage.
From someone that is 20+ y/o and has 15+ credit cards, I can completely agree with you. It can become a bit of a hassle to manage credit cards that aren’t from the major banks since their mobile apps do not seem to be the best for quickly making payments. However, I took the approach of getting all of those credit cards because I do know that part of your credit score is based on the number of account you have open and it’s recommended to have 10+ open accounts. It might temp leave you with cards that have lower limits, but it can be beneficial years down the road when you’re trying to qualify for a car/mortgage. Just my opinion though!
@@User82558 Time open, payment history and usage% are the main drivers. # of accounts has no effect. Once you get closer to my age, you will have so many account types (cars, houses etc) that card count is meaningless. Payment history is #1 driver, credit usage% is #2 and time open is number 3. Those are the big items to think about.
I'm pretty sure most people would prefer fewer cards with much higher credit limits. Unfortunately, our credit limits aren't up to us. This means needing to get more cards to get that higher overall limit, which will help with keeping low utilization
@@whendidyoutubeswitchtohandles In the beginning of your credit journey, i would not disagree. however, over time, your credit limits are more dependent upon you and the actions you take.
1. Discover it 4% first year, turn into a chill card 2. Bank America cash rewards 3% back on gas 3. Chase Amazon Card 5% back on amazon 4. Capital One Venture One (upgrade to venture) 5. Uber Visa for 4% back on food/bars
Has anyone heard of Diners Club? I always thought of it as this obscure credit card that hardly anyone has. Apparently, it was a big deal in the 1950s.
Great video Shifu! My brother is turning 18 soon and we are going to pimp him out with credit cards for his birthday. Get that credit score working for him from day 1!
Good in terms of getting the age of credit card history started. But please help him to make sure he pays on time and is not carrying interest debt it is an easy mistake for beginners.
The outro song reminds me of walking into Abercrombie or American Eagle and smelling the overwhelming scent of the cologne they spray in the air as air freshener.
Chase didn’t ask me for anything only sent me a letter to call for more information than when I did call they just wanted to verify my address and told me I should look for my card in the mail probably because I make large deposits
This is definitely a good video, however I must disagree with your a few of your card choices. For the first two both of them should be the Capital One Secured Mastercard and Discover It Secured for building up your credit for the first 6 months, it's ideal to get both of them because it can greatly extend the average of your account age having 2 cards opened at the same time, they have no annual fee and it's true that at first you'd probably be wasting the cash back match.. But you really wouldn't be missing much considering how easy it is to get the Citi Double Cash Card, as for the third and fourth cards the Chase Business Ink Cash Card is just fantastic to get (business cards are really easy to get) alongside the Chase Freedom Card (Not the unlimited) for the rotating 5% Cash Back categories and none of them have any annual fees to speak of, just benefits.
My credit journey was a bit odd: 1.) Wells Fargo Student Card => PC'ed to Wells Fargo CashWise => PC'ed to Wells Fargo Visa Signature 2.) Capital One Quicksilver One => PC'ing to SavorOne this month (just got offer). I'm very conservative with credit / loans however WF views that with high regard which now sees my total available credit between these two cards at $30k (most of this being WF). They also give me quite favorable interest rates on any loans I get because of this - generally comparable to any credit union which is surprising with them. I'm between the Chase Sapphire Preferred / AMEX Gold as my next Credit Card; not that I need one - just want to round out a credit card profile. I'll be taking this video into account.
I would've recommend the discover first I have both and I honestly prefer the discover 100xs over I have had good service with them My third card is going to be Chase freedom Good luck brotha 👍
My first card I started with was the Discover it card. It’s been a year since I got accepted and have had no late payments. Just applied and got approved for my 2nd card. How frequently can we apply for different cards knowing if we have a good chance?
@@seanwatts392 that's what alot of people say, but if you have good credit, you can do it every 3 to 4 months, maybe even 2. Ask sebby has a video about how often you should apply
@@Floof_Factory but then when a underwriter sees your credit report and sees alot of inquiries that are resent they will start to deny you instantly! Sometimes they do sometimes they don't.
Great video. However, there are exceptions to 5/24. I’m at least a year away from being out of 5/24. In June, they pre approved me for the preferred and I got it.
Kendra Sutherland Navy federal is awesome - especially if you’re in the military. They’re pretty great if you’re new to credit cards, but if I’m running under the assumption that you are in the military, there are better options for cash back in certain area. American Express waives the fees for all their charge and credit cards for active duty members. The Amex platinum will get you 6x back on flights, and the Amex cash preferred gets you 6x back on supermarkets and 3x back on gas, valid on post or base if you go to the NEX or AAFES. Check them out!
Yeah, IHG and Hyatt cards pay for themselves with free nights. Along with one Sapphire and one Freedom you are good. If you use United than maybe its good 5th. Then you have all the time in the world to get anything else. If you wait 4-5 months between cards, you never have to wait that long and have time to to do your minimum spends.
I got 6 cards in 10 months, chase flex, hilton surpass, CO quicksilver, citi doublecash, discover it, navy secured. Get them as fast as possible so you're average credit length with grow fast. That's That's my strategy 740 credit score her from 450 in 12 months
@@milkboi2386 dang. I got 7 in 21 months. Although 2 are business cards. Discover, BofA, petal, prime visa, amex prime biz, Chase ink cash biz, and sapphire preferred with the 100k bonus! $28.5k limit. My Amex biz is $12k. Lol I'm planning on getting the chase flex in April when I escape 5/24 jail. Tu and eq is ~740. Ex is 720
One thing to mention even though discover is poorly accepted overall overseas but it is much better accepted in China than other cards since it can go through union pay in China.
I don't know if it was an upgrade option in the past but I upgraded a Capital One Platinum to a Quicksilver the other day and the representative told me that the Savor wasn't an upgrade option and it probably wouldn't be in the future either (Venture was an option). It could just be my account but I suspect that it's across the board.
When I upgraded to Quicksilver I was told that, but I understand it was just for my account and at that time, since some people have now told me they upgraded from platinum to savor
My credit card journey started like this: 1. Citi Student later upgraded to a Dividend 2. Discover It 3. Capital One 4. BoA 5. American Express Wanted to get the easy ones out the way first
1. BoA Cash Reward (the so-called 123) 2. BoA Travel Reward 3. Amex gold 4. Chase Freedom ( approved on second application) 5. Chase Sapphire Preferred 6. Chase Freedom unlimited (through in-app pre-approval, so kinda dodged the 5/24 rule) 7. Amex Delta Gold 8. Amex Platinum 9. Amex Delta Platinum. Starting from Sep 2019, so I guess quite quick in some ways. Dual freedom + CSP setup thx to Chase's in-app offer. Declined once, respectively, on Freedom and Amex Platinum ; spent quite some time to claim the 2nd card's bonus as BoA's system is not that clever. Shifu's quite right about 1 thing: Airline Fee is quite troublesome and takes a lot of effort to settle. Unless you do want to spend or know the way, avoid the charge cards. Blue cash preferred card is just as good with a lower AF.
@@andreleahong8957 I am not too familiar with hotel cards but the Hilton honors AMEX is offering 90k points if you sign up before 8/28/19 and has no annual fee. I would look into that and others that offer a free night a year.
I have 3 credit cards so far: 1. Capital One Secured 2. Discover it 3. Capital One Quicksilver One For my next 2 cards I’m thinking the Chase Freedome and then an Amex card
If life throws a curveball, and you need a 0% card for purchases or a balance transfer, it can still turn out ok. Chase Slate can be "product changed" to Chase Freedom. CareCredit has soft pull credit limit increases to help lower your utilization%.
Solid info. One question. When u want to upgrade from one Capital One or Chase card to the next level, will your payment history from Card #1 be transferred to the upgraded card?
I turned 18 on 1/21 of this year, I applied and got the discover it secured with a $200 security deposit and love it. However, I tried applying for the Capital One Platinum card and got denied.
I started with a low limit Capital One years ago. Then I got an Amazon Prime Chase card with a $5000 limit. I then got a Discover It card with a $7k limit. I then got a AMEX Blue cash preferred with a $10k limit. Eventually I got an AMEX Gold NPSL card....I just got a Chase Saffire Preferred and for some reason only got approved for $5k...which is baffling to me.
But does the utilization look at credit used over all? Or does it go more in-depth seeing how you spend it? Like if you have two cards and one has 50% utilization and the other one is 5% does that mean utilization is at 27%? 7:00
Capital one venture gave me a 10k limit which I was surprised about bc my 2 chase cards (freedom and Disney) have low limits so maybe capital one is like AMEX where they give higher limits
lol no wellsfargo cards....i got 2 wells fargo cards and im thinkin about getting the travel one for flights cuz you can transfer points from your propel card like the 3x points to be used for +50% more points on flights, so its like getting 4.5x points and no annual fees
My first cc was was the capital one quick silver One 5 1/2 years ago. I just recently applied for the Chase Sapphire Preferred due to getting a pre-approved notification on the app. So applied and got approved, that was around 2am ( Work nights ). That afternoon I got a pre-approved letter for the Capital One Savor One. I applied and my surprise I was approved. How long would you recommend I wait before applying for the chase freedom card?
I’ve been denied both the chase freedom and freedom flex, not sure why. My score is above 730 and I’ve never missed a single payment nor gone over 30% utilization in the last 12 months. I thought it was an entry level, tier 2 card...?
Aside from maybe getting a foot in the door with Capital One, their secured card is a terrible option because they stopped graduating them for the last year or so. It's a starter card that has no where to go after the initial $300 bump at the five month mark.
I've got the discover it, amex erday, citi dbl, ally cb, wf propel, secu cc, and the amazon prime card. Plus I'm an auth user on my dads sapphire card. I much prefer amex. You can get good travel rewards with the wells fargo duo. The propel card is my first metal card which is dope. Love it.
Not sure if this was the thing when the video was made but you are not able to get the Chase sign up bonus for 24 months if you have already got one chase sign up bonus. I am currently waiting to get my next chase card. 9 months to wait now. I have my Chase Freedom followed by the AmEx everyday card.
Why are you recommending all the annual fee cards to those new to credit?! Who’s side are you on? Folks: get the capital one quicksilver; discover it miles card; then a couple credit union cards (message me for specifics); and then a no annual fee AmEx
discover it has no upgrade path, but it does not need one. 5% rotating categories, no annual fee. You are already good to go...... No need for upgrade. You care about upgrades when the card you are applying for has negative attributes you want to get away from. TLDR, start with discover it. Its a tier 2 card you can get with a tier 1 credit score.
What if my income is below 10 grand a year? I'm a full time student with a secured credit card and an authorized user card. FICO score being 753. I was just denied for the Chase Freedom card 2 weeks ago 😭😭 please help!
@@alexanderjackson7815 I just had to wait a full year for my secured card to be able to be transferred to a normal credit card. In the mean time, I picked up an Amex card no problem
Returning college student here, I have an above 700 credit score and I also have the freedom unlimited and discover credit cards. And I was pre approved for the Amex green charge card and I was excited that Amex noticed me but I chose not to get the green card. I felt it was not the right time for it. I think I made the right choice. I’ll stick to my two cards and keep building the score until a different Amex card catches my eye
I started with BOA secured, 8 months later Discover 6 months later Amex, an three other cards. 800 a month income an 35,000 worth of credit. My way of thinking is I only get 800 a month, no bills except credit. I keep my usage under 10% cause I’m poor lol. But 3 to 4 thousand really helps if you get in a situation. An one think I hate is shopping so good for me. But keep me out of the Harley shop
Hi Credit Warriors, I have a question. I have had secured Discover It card for 7 months and got graduated with CLI increase to 2000 USD. Now looking to open second credit card and thinking if it makes sense to apply for Citi Costco Card? FICO is 771, TransUnion 718, Equifax 704. What are the chances to be approved? Also thinking about option #2 is to apply for 2 CC with Chase at the same time (Chase Freedom Unlimited + Chase Supfire Preferred). I bank with Chase if it will make it easier, but again...what do you think about chances on being approved? Thank you.
Had no credit so I got Capital 1 platinum, 6 months later got quicksilver1, 7 months later I applied for Sapphire preferred and Amazon prime at same time so it will only count as 1 hard inquiry but waiting on answer. So I also applied for Venture rewards after being pre qualified and was approved instantly with 5k limit. Hopefully Chase will approve too.
I was a ghost in the credit systems. Was able to lease a truck for a solid price early in 2019, was paying on that for a few months, got a Capital One card with $300 limit about 4 months ago to build credit. Now got approved for a 3k Discover It card. Now my question is should I try to get a Chase card now while my credit scores 718/720 (I know my score will update lower with the Discover Inquiry) are around this level or wait to go up the CC ring? Should I apply and get 3-4 now and take the hit on credit score or play the long game and wait another year to get a Chase card? I don’t want to get denied and still take the hit to my credit score
The only thing I’m curious about is how long should I wait to get these cards, I have a 740+ credit score but I don’t have a very long credit history. Right now all I have a student credit card from Wells Fargo and a Discover it Student credit card, which I applied for after 12 months of having my Wells Fargo card. As of right now, I’ve had credit cards for 13 months and I’ve been denied other cards for not having a long enough credit history. So I was just curious on the time you should wait to get each of these cards.
My first credit card was a Discover It Secured Card. I got it back in 2017 and they upgraded me to the Discover It Chrome Card 6 months later. I currently get 2% cash back on restaurants and gas stations, 1% for everything else on it, and have a $4100 credit limit on it. I used it to build a 793 FICO score. I'm certainly due for an upgrade. Do you think an Amex is a good choice? Or is there something better for me?
Question. I recently flew AA and I had a main cabin not the basic economy(the one you are eligible for upgrades), then on the day of the flight I upgraded to main cabin extra to get the extra leg room but when I got to the airport turns out i was upgrade to business class. Now the question Is I paid with my amex platinum and I got 60$ dollars for the incidental charge( that's how much it was to upgrade from main cabin to main cabin extra butt now AA also sent a reimbursement of 60$ to my amex account. I was wondering why did AA reimburse me and if amex is going to take back the 60$ credit they game me for the incidental charge?
@creditshifu what base number or range would you consider to be "high income"? Also, do you know of people being able to upgrade from the CSP to the CSR and still get the bonus (in the event that you did not get the bonus from the CSP)?
My credit card journey: 1. TD Cash 2. Chase Freedom Unlimited 3. Chase Freedom 4. AMEX Skymiles Gold And lastly, I just applied for 5. Citi Double Cash My credit history is about 3 years and my score is about 765. I kinda regret getting amex If I can go back in time, I would choose Chase Sappire Preferred!
Hey, I'm starting, and doing the Capital One, but I want to know if you should even get like the Apple Credit card...I think I want it because I am a Apple consumer plus get cashback and definitely from T-MOBILE...Is it a good move to make Apple a second card?
@@Borophyll Thats what i will do but i was JW my friend is in same boat but if he was to apply & Get another Card will chase take back the approval & Close the account?
I'm very good about my credit and have a nice portfolio of no annual fee cards that can be the backbone of my credit history; however, my first credit card was the chase slate and not the freedom; it was a mistake I made I thought I wouldn't get approved for a cashback card with no credit history. It wasn't until a year or 2 later I picked up the freedom. I'm a bit bitter about it still lol :/
2010: Capital One Platinum (upgraded to QuickSilver on April 2019) 2011: Capital One Venture 2019: Chase Sapphire Preferred (will upgrade to the Reserve next year) Next Card: Chase Ink Business Cash (later this year)
yankeesgiants221 why did you choose to upgrade 9 years later? and you got a venture card within 1 year of getting the CO Platinum? that’s like skipping half of the ladder hahaha
@@trigara6979 Yes, I had it all backwards back in the day 🤣🤣. Had I found Credit Shifu's channel years ago, I would have upgraded my Capital One Platinum to the QuickSilver much sooner. I was also late to the Chase UR game. Oh well! Better late than never, I guess.
My Plan when I turn 18. 1. Capital One 2. Freedom Unlimited 3 / 4 (At the same time) Delta Skymiles Blue and Southwest Priority Card 5. Sapphire Preferred.
I would highly recommend the discover it credit card as your first card. They pretty much accept everyone especially students like me, have great customer service and are very generous with their credit limits and usually start you off from $500 -1500, and will still give you a credit limit increase after consecutive on-time payments that can really boost your credit score.
@@kamilsultan1637 yes I have the Discover It Student Card, it's amazing. Paying everything off in full 👍. I have 5% cashback on Amazon currently on the card until the end of the year.
1. Discover It
2. Chase Freedom
3. Either Citi Double Cash or Freedom Unlimited
4. Chase Sapphire Prefered
5. 1 of the 3 Chase Hotel cards
Your 1st Amex card should be the Platinum with the 100k bonus. I would get which ever Chase cards that you want first and then move on to others.
Spoilers
I could agree
Have all of them but the preferred which is my next
Whats the time frame to apply for each cars
i have 7mos of credit history... got Discover It, Chase Freedom and Capital One Platinum. Denied for Chase Freedom Unlimited and BOA Cash rewards card... looking forward for my 4th credit card
Capital One Platinum (Upgrade to Quicksilver)
Discover It Card
Chase Freedom / Unlimited
American Express Everyday
Or Amex Blue Cash
Chase Sapphire Preferred (Upgrade to Reserve)
Chase Ink Preferred
Platinum can be upgraded quite quickly to a Quicksilver, typically just 2 or 3 months after getting a Platinum you can upgrade online. It's a really great starter card.
I've been seeing a trend with CO... If you start with the platinum and upgrade to the quicksilver getting CLI is near impossible. It's like punishment almost for not applying for a new card despite your credit improving.
*Chase Ink Preferred is not counted in 5/24.*
K1ng Baldy woah, is that why it’s so hard for me? Out of all my cards CO absolutely refuses to give me CLIs and when they do it’s like $100. Oldest of all my cards with the lowest limit by a lot
@@Kamryx I called and canceled a 2 year old card with them yesterday. It started as a platinum with a $300 limit when I was rebuilding from identity fraud with a 468 credit score. Fast forward to today those blemishes on my report are gone, never missed a payment and credit score of 715 and I only got the initial bump to $500. Upgraded the card to the Quicksilver with no AF and have been requesting CLI every 3 months constantly denied. They kept saying "you should try applying for a new card" not worth the triple HP imo. I've seen this same issue all over the net so I closed out the account.
Credit Shifus Advice...
1. Capital One Platinum or Discover it (Get Discover it, if you have high spending)
2. Chase Freedom Unlimited or Freedom
3. Get your first Amex Card (Hilton Honors, Delta Skymiles, Amex Everyday card)
4. Chase Sapphire Preferred
5. Chase Ink Business Cards, Chase Airline Cards, Chase Hotel Cards
He’s not kidding about discover’s poor international acceptance. I tried to use my Discover It at a mall in Vancouver and they looked at me like I was crazy
I would not recommend getting a Discover to most people.
CamdenBloke It was my first credit card so I didn’t have lots of options.
Discover was the first I tried to apply for, when I did the pre-approval process it told me to start with the Secured Card, luckily Capital One had also sent me a letter to apply for the platinum. Got that instead and I was happy with it, Mastercard is way more accepted.
Is it the secured Cap1 platinum card? If so it's not going to graduate and AFAIK you can't PC it either anymore (that info in this video was out of date even when it was first posted) so you're stuck with it at the eventual $300 limit increase unless they change their mind again, sure it's a starter card but if you're starting from scratch it's not so great. Discover's can graduate with a much higher potential limit after the seventh statement/eight month mark. I've never had any issue with Discover being accepted in the U.S. But if you need a secured MC or Visa and have immediate family that has military ties I would join Navy Federal Credit Union, their secured card can graduate relatively quickly compared to others and they can be generous with CLIs and very generous after a few months when you can apply for a second card from them.
@@djzero5893 Nope, was able to get a normal unsecured Capital One platinum card. Increased from 500 to 3500 in a few months without me requesting a limit, and I've been doing great ever since. This was a couple years ago.
1:03 I got my first card,BoA Cash Rewards, with no credit history and was in college.
Same
Did the exact same thing. From BoA Cash Rewards to Chase Freedom while in college.
gobletoffire75 did the exact same
*Chase Ink Preferred is not counted in 5/24.*
Same here
Discover it (not called "it" at that time) was my first card and done me very well!
1. Discover It (use for 2 years, pay off each month)
2-4. Depends on how you spend:
Amazon Prime (Amazon and Whole Foods 5%)
Blue Cash Preferred (Grocery Stores 6% - Spend at least $200 a month not including Walmart or Target or wholesale clubs. Gas 3%)
BofA Cash Rewards (You Choose: Gas, Online Shopping, Dining , Travel , Drug Stores, or Home Improvement/Furnishings 3%)
Wells Fargo Propel (Travel, Gas and Dining 3%)
Citi Double Cash (Everything 2%)
5. Chase Freedom or USBank Cash+ or One of the above.
Other options:
AARP Rewards (Dining and Gas 3%)
AAA Member Rewards (Travel 3%)
Fidelity Rewards (2% on Everything if you have a Fidelity investment account)
Freedom Unlimited (1.5% on Everything if you plan on getting a Sapphire Reserve and want to maximize Ultimate Rewards)
Side note: CapitalOne is a trash bank and all their cards have equal or better benefits with competitor cards.
@@freak4twenty I just got the venture bc of the sign on bonus (prob should have went with CSP since I already have the freedom but I didn’t know much about credit cards at the time, I just knew of CO venture from the commercials. I will most likely downgrade it to the free venture card next year so i can kept those points and then get CSP instead. I also want to get the Hilton honors card.
@@princesskkay221 this was from 2 years ago. A lot has changed. Good luck downgrading. Wait for your annual fee to hit after the first year to downgrade and if they let you downgrade ask for your fee to be reimbursed. I say if they let you because they have the tendency to only let you product change to cards with the same annual fee. CSP is a good choice. If you don't want to go crazy deep into what card to use when for the most points and you don't mind the point hustle (maximizing point value when you use them), a great 1 card setup is the Citi Premier card... $95 fee with a $100 hotel credit. Double cash works as a great #2 to this setup and if you want to get deep you can check out their 5% card and the round up card.
Hello!! Graham Stephan sent me!!
Lit
From what video??
@@mr.vendome183 The 5 best Credit Cards for Beginners in 2020
I don’t trust that little Gnome anymore. Ever since she moved to LAS Vegas his channel is 💩 .
Great video! I came to US 5 years ago when I was 18. So I had to get a secure card but I feel happy about my credit history:
1. Bank of America Secure Card (after a year they turned my secure card into a real credit card with $800 limit)
2. Chase Freedom Unlimited
3. Amex Cash Back Everyday
4. Prime Rewards (Chase)
5. AMEX Gold Card
Just on my Amex everyday as of 9/9/19 I have a limit of 20K.
But I didn’t do what most of the credit mentors recommend to built credit. I’m thinking to make a video on how I did it.
Anyways, love your content Shifu! Much love!
Interested in seeing your video and learning the credit strategy
Interested in seeing your upgrade in cards
my first 5 cards with no credit history:
1. Discover (Secured) graduated to Cashback
2. CF
3. CapOne Plat
4. Amex Blue Cash Everyday
5. CFU
all opened within 10 months duration...
Shifu you are my favorite credit card advisor! Any time I wanna know about a card I come straight to your page first! Ive learned so much about cards I want and even cards I already have all through your channel I appreciate your wisdom master shifu!
For capital ask for an upgrade which will b a qs then ask for a limit now u have a capital one with cash back
I got my first card at 19 (Apple Card). Used that for about 15 months to build up my credit before getting the Chase Sapphire Preferred. Timing worked out well as I fulfilled almost all of the spending requirement for the CSP 60k point welcome bonus when i bought an engagement ring for my soon to be wife 😁Your videos have provided me plenty of good advice, looking forward to getting the Amex Gold (or possibly CO Venture) as my third card next year.
getting married at 21? you'll be in time to spend your amex plat welcome spending requirement on your divorce bills
WHAT?!? The Credit Shifu actually mentioning Citi cards in a video?!? LOL! Good stuff here. Thanks for sharing. Awesome video and very informative to those getting started in this hobby!
Citi fell off after cutting some benefits lol but still good if you don't care about any protections and just travel.
Thank you for the refreshed update. I know you’ve covered these topics before but it’s always nice to see a current list as time goes on. Thank you for taking the time to revisit ❤️
I confirmed with Capital One a few days ago their secured card is NOT upgradeable to an unsecured card. You'll need to close the secured card and apply for an unsecured card.
They started doing that 2 years ago. I started with a capital one secured card. You don't cancel it. You keep it open. It's always best to keep cards open for as long as you can.
@@seanwatts392 What good is keeping a secured card once you've built up your credit?
@@charleswoodruff9013 your first card you never want to close because it will be your oldest card and help your average age of accounts. Just because it says secured card doesn't mean it's not a credit card. It's still a credit card and you want to keep card open as long as you can.
Charles Woodruff I had a CapitalOne secured card and they just upgraded it to unsecured with out having to ask as long as you pay on time I don’t think it should be an issue. They might have changed it, this was last year. They give you the secured platinum and then make it unsecured, after that then you can product change to a quicksilver or what ever you qualify for.
@@figueroajose7841 yeah they just stopped upgrading to the unsecured card this year. They no longer do that. Only credit line increases.
I started with the back of America secured cash rewards $100 deposit for $500 limit then got a capital one quicksilver one card no deposit $300 limit then got $500 after 5 months. I checked to see if I was pre approved for a chase card online but nothing popped up. Ended up going to a chase branch and was told I was pre approved for all 3 slate freedom and sapphire so I went with the sapphire preferred with 5k limit love it so far next I plan to apply for an Amex when I’m at 720+ score
Update got to 730 score applied for the Amex gold and got approved it’s my new favorite card 😄
How long did you wait to apply for your second one
I started my journey in the same sequence with the same cards. Only thing, I didn't know of the 5/24 rule so my 4th was Wells Fargo and 5th was Barclays. 💳
I just got a Discover card this week. It's my second card. My first is Capital One secured platinum. I'm so happy to have a Discover card.
I started off with the Capital One Platinum card. Great Card! I only had to give them a $60 deposit and they gave me a $200 credit line, after 5 mos of responsible payments they raised it to $500 and then after a year I was able to get the Chase Freedom which I think is awesome 5% back on Gas stations this month which I use gas a lot!
When did you get your deposit back?
@@ChrisRod559 It was after a year I got it back
When do you suggest I should apply for the chase freedom? I had my capital one platinum for 6 months now.
lol. i only have 3 credit cards and 1 charge card. I prefer fewer cards with much higher credit limits. Cuts down on clutter and having to even think about usage.
Jeffrey Levin - lol. Noob.
Haha jk
From someone that is 20+ y/o and has 15+ credit cards, I can completely agree with you. It can become a bit of a hassle to manage credit cards that aren’t from the major banks since their mobile apps do not seem to be the best for quickly making payments. However, I took the approach of getting all of those credit cards because I do know that part of your credit score is based on the number of account you have open and it’s recommended to have 10+ open accounts. It might temp leave you with cards that have lower limits, but it can be beneficial years down the road when you’re trying to qualify for a car/mortgage. Just my opinion though!
@@User82558 Time open, payment history and usage% are the main drivers. # of accounts has no effect. Once you get closer to my age, you will have so many account types (cars, houses etc) that card count is meaningless. Payment history is #1 driver, credit usage% is #2 and time open is number 3. Those are the big items to think about.
I'm pretty sure most people would prefer fewer cards with much higher credit limits. Unfortunately, our credit limits aren't up to us. This means needing to get more cards to get that higher overall limit, which will help with keeping low utilization
@@whendidyoutubeswitchtohandles In the beginning of your credit journey, i would not disagree. however, over time, your credit limits are more dependent upon you and the actions you take.
1. Discover it 4% first year, turn into a chill card
2. Bank America cash rewards 3% back on gas
3. Chase Amazon Card 5% back on amazon
4. Capital One Venture One (upgrade to venture)
5. Uber Visa for 4% back on food/bars
Has anyone heard of Diners Club? I always thought of it as this obscure credit card that hardly anyone has. Apparently, it was a big deal in the 1950s.
Yes I do I my first purchase was my dentures
Great video Shifu! My brother is turning 18 soon and we are going to pimp him out with credit cards for his birthday. Get that credit score working for him from day 1!
Good in terms of getting the age of credit card history started. But please help him to make sure he pays on time and is not carrying interest debt it is an easy mistake for beginners.
The outro song reminds me of walking into Abercrombie or American Eagle and smelling the overwhelming scent of the cologne they spray in the air as air freshener.
Can you do a video for people who are rebuilding? I made some bad choices and I am starting over. Would love a list of cards you recommend
You probably need secured but some unsecured might still do you. Look for an unsecured that can convert and keep the history
I applied for chase freedom and they're the first one to want a bunch of documents
Chase didn’t ask me for anything only sent me a letter to call for more information than when I did call they just wanted to verify my address and told me I should look for my card in the mail probably because I make large deposits
This is definitely a good video, however I must disagree with your a few of your card choices. For the first two both of them should be the Capital One Secured Mastercard and Discover It Secured for building up your credit for the first 6 months, it's ideal to get both of them because it can greatly extend the average of your account age having 2 cards opened at the same time, they have no annual fee and it's true that at first you'd probably be wasting the cash back match.. But you really wouldn't be missing much considering how easy it is to get the Citi Double Cash Card, as for the third and fourth cards the Chase Business Ink Cash Card is just fantastic to get (business cards are really easy to get) alongside the Chase Freedom Card (Not the unlimited) for the rotating 5% Cash Back categories and none of them have any annual fees to speak of, just benefits.
My credit journey was a bit odd:
1.) Wells Fargo Student Card => PC'ed to Wells Fargo CashWise => PC'ed to Wells Fargo Visa Signature
2.) Capital One Quicksilver One => PC'ing to SavorOne this month (just got offer).
I'm very conservative with credit / loans however WF views that with high regard which now sees my total available credit between these two cards at $30k (most of this being WF). They also give me quite favorable interest rates on any loans I get because of this - generally comparable to any credit union which is surprising with them. I'm between the Chase Sapphire Preferred / AMEX Gold as my next Credit Card; not that I need one - just want to round out a credit card profile. I'll be taking this video into account.
Just got approved for a secured credit card with Capital One, now here comes the grind for the beautiful Amex gold 😭
I would've recommend the discover first I have both and I honestly prefer the discover 100xs over I have had good service with them
My third card is going to be Chase freedom
Good luck brotha 👍
Too bad that Capital One only allows two accounts max.
MY LIFE IS A MEME MY LIFE IS PATHETIC I’m not qualify for discover unfortunately, already tried xP
Russell Hadden just a starter card for now.
I have capital one quick silver (I have upgrade from the platinum) citi double cash and chase freedom
Capital one sucks
@@shawndoe6843 no they dont
bionic woman yes they do they don’t even give cli & the only dumb bank that pulls from all 3 credit bureaus
My first card I started with was the Discover it card. It’s been a year since I got accepted and have had no late payments. Just applied and got approved for my 2nd card. How frequently can we apply for different cards knowing if we have a good chance?
6 months to a year
@@seanwatts392 that's what alot of people say, but if you have good credit, you can do it every 3 to 4 months, maybe even 2. Ask sebby has a video about how often you should apply
@@Floof_Factory but then when a underwriter sees your credit report and sees alot of inquiries that are resent they will start to deny you instantly! Sometimes they do sometimes they don't.
@@Floof_Factory won’t that hurt your credit age? Having so many new cards in a short time?
Discover it, chase freedom unlimited, chase freedom, any hotel card, CSP/CSR
Great video. However, there are exceptions to 5/24. I’m at least a year away from being out of 5/24. In June, they pre approved me for the preferred and I got it.
There are basically two exceptions: being pre-approved or having a relationship manager (private client) who can override it
Would it be good to get the Chase student card as your 1st so you have an upgrade path
Jonathan Sellers if you’re a student, yes.
Matthew Kottre that’s disappointing!
Matthew Kottre me and my friend both got it without any credit history
What are your thoughts on the Navy Federal credit cards? We bank with them & love Navy Fed.
Kendra Sutherland Navy federal is awesome - especially if you’re in the military. They’re pretty great if you’re new to credit cards, but if I’m running under the assumption that you are in the military, there are better options for cash back in certain area. American Express waives the fees for all their charge and credit cards for active duty members. The Amex platinum will get you 6x back on flights, and the Amex cash preferred gets you 6x back on supermarkets and 3x back on gas, valid on post or base if you go to the NEX or AAFES. Check them out!
Get a Navy Federal credit card. They will approve you for a high limit with only fair credit.
If you're active duty, use chase and amex over them. They waive the fees on their premier cards.
1.Chase
2.Chase
3.Chase
4.Chase
5.Chase
Yeah, IHG and Hyatt cards pay for themselves with free nights. Along with one Sapphire and one Freedom you are good. If you use United than maybe its good 5th. Then you have all the time in the world to get anything else. If you wait 4-5 months between cards, you never have to wait that long and have time to to do your minimum spends.
THIS
What would be the time frame of getting these cards?
I would say 6-12months and wait to apply for next credit card. So you won't have a hard check on your report.
IPodkingcarter working on 2k and credit nice bro
I got 6 cards in 10 months, chase flex, hilton surpass, CO quicksilver, citi doublecash, discover it, navy secured. Get them as fast as possible so you're average credit length with grow fast. That's That's my strategy 740 credit score her from 450 in 12 months
@@milkboi2386 dang. I got 7 in 21 months. Although 2 are business cards. Discover, BofA, petal, prime visa, amex prime biz, Chase ink cash biz, and sapphire preferred with the 100k bonus! $28.5k limit. My Amex biz is $12k. Lol I'm planning on getting the chase flex in April when I escape 5/24 jail. Tu and eq is ~740. Ex is 720
@@milkboi2386 hey milk I am at 540 on experian and 550 transunion
One thing to mention even though discover is poorly accepted overall overseas but it is much better accepted in China than other cards since it can go through union pay in China.
I don't know if it was an upgrade option in the past but I upgraded a Capital One Platinum to a Quicksilver the other day and the representative told me that the Savor wasn't an upgrade option and it probably wouldn't be in the future either (Venture was an option). It could just be my account but I suspect that it's across the board.
When I upgraded to Quicksilver I was told that, but I understand it was just for my account and at that time, since some people have now told me they upgraded from platinum to savor
@@TheCreditShifu Oh good to know!
My credit card journey started like this:
1. Citi Student later upgraded to a Dividend
2. Discover It
3. Capital One
4. BoA
5. American Express
Wanted to get the easy ones out the way first
I’m glad that Jim Carrey is giving credit card advice
I can't unsee this now 🤣🤣🤣
1. BoA Cash Reward (the so-called 123)
2. BoA Travel Reward
3. Amex gold
4. Chase Freedom ( approved on second application)
5. Chase Sapphire Preferred
6. Chase Freedom unlimited (through in-app pre-approval, so kinda dodged the 5/24 rule)
7. Amex Delta Gold
8. Amex Platinum
9. Amex Delta Platinum.
Starting from Sep 2019, so I guess quite quick in some ways.
Dual freedom + CSP setup thx to Chase's in-app offer.
Declined once, respectively, on Freedom and Amex Platinum ; spent quite some time to claim the 2nd card's bonus as BoA's system is not that clever.
Shifu's quite right about 1 thing: Airline Fee is quite troublesome and takes a lot of effort to settle. Unless you do want to spend or know the way, avoid the charge cards. Blue cash preferred card is just as good with a lower AF.
I want the citi double cash where would it fit in? I dont do any travel except driving.
I got discover it then a Bank of America cash rewards one and now my score is 819. I don’t like annual fees. What should I get next?
I have amex plat csp chase freedom chase freedom unlimited and a Visa giving me 2x for everything else cash back what should my next card be
Andre Leahong - CIP, CIU, CIC
You got a good lineup there. You could get some hotel card.
@@crxracer805 what do u recommend I get Hilton with amex plat
@@andreleahong8957 I am not too familiar with hotel cards but the Hilton honors AMEX is offering 90k points if you sign up before 8/28/19 and has no annual fee. I would look into that and others that offer a free night a year.
I have 3 credit cards so far:
1. Capital One Secured
2. Discover it
3. Capital One Quicksilver One
For my next 2 cards I’m thinking the Chase Freedome and then an Amex card
If life throws a curveball, and you need a 0% card for purchases or a balance transfer, it can still turn out ok. Chase Slate can be "product changed" to Chase Freedom. CareCredit has soft pull credit limit increases to help lower your utilization%.
Solid info. One question. When u want to upgrade from one Capital One or Chase card to the next level, will your payment history from Card #1 be transferred to the upgraded card?
What do I do with my older cards when I start upgrading? Just keep them open and don’t spend on them?
I’ve always wanted to know this
Maybe spend like $1 a month to keep active
My 5 th card was the chase freedom unlimited do I have to wait two years before I can get another chase card ?
I turned 18 on 1/21 of this year, I applied and got the discover it secured with a $200 security deposit and love it. However, I tried applying for the Capital One Platinum card and got denied.
Plank SAME
I started with a low limit Capital One years ago. Then I got an Amazon Prime Chase card with a $5000 limit. I then got a Discover It card with a $7k limit. I then got a AMEX Blue cash preferred with a $10k limit. Eventually I got an AMEX Gold NPSL card....I just got a Chase Saffire Preferred and for some reason only got approved for $5k...which is baffling to me.
A lot of banks are lowing credit lines. Citi cut mine from 5k to 2.5k. No balances ever always paid on time
But does the utilization look at credit used over all? Or does it go more in-depth seeing how you spend it? Like if you have two cards and one has 50% utilization and the other one is 5% does that mean utilization is at 27%? 7:00
How long should I wait to apply for a 3rd card??
Finally! A video I requested (and I’m sure plenty of others). Thanks!!
You cant upgrade capital one to savor its a seperate application so its like reapplying for another credit card
You can. But it depends whether the option is offered to you. Capital One is like that, they give personalized upgrade options
I really appreciate your guidance. Credit cards are new to me, and I need all the information I can get!
Capital one venture gave me a 10k limit which I was surprised about bc my 2 chase cards (freedom and Disney) have low limits so maybe capital one is like AMEX where they give higher limits
lol no wellsfargo cards....i got 2 wells fargo cards and im thinkin about getting the travel one for flights cuz you can transfer points from your propel card like the 3x points to be used for +50% more points on flights, so its like getting 4.5x points and no annual fees
With Apple credit card Credit One and Captial One what’s the fourth card u recommend??
Anything from chase
The Credit Shifu alright thanks !! And happy to be a subscriber 😌 for a few months now
My first cc was was the capital one quick silver One 5 1/2 years ago. I just recently applied for the Chase Sapphire Preferred due to getting a pre-approved notification on the app. So applied and got approved, that was around 2am ( Work nights ). That afternoon I got a pre-approved letter for the Capital One Savor One. I applied and my surprise I was approved. How long would you recommend I wait before applying for the chase freedom card?
6 months. They might deny you because your opening up to many cards in a short period. You look risky to the lenders
Started with Discover It just got my Chase Discover. Will be looking at a Amex Credit Card soon!
I’ve been denied both the chase freedom and freedom flex, not sure why. My score is above 730 and I’ve never missed a single payment nor gone over 30% utilization in the last 12 months. I thought it was an entry level, tier 2 card...?
Aside from maybe getting a foot in the door with Capital One, their secured card is a terrible option because they stopped graduating them for the last year or so. It's a starter card that has no where to go after the initial $300 bump at the five month mark.
My biggest mistake I hate the card😐
I just got that card started me off at 1k. Bumping me up in a couple months by 500. Think no more increases after that?
I've got the discover it, amex erday, citi dbl, ally cb, wf propel, secu cc, and the amazon prime card. Plus I'm an auth user on my dads sapphire card. I much prefer amex. You can get good travel rewards with the wells fargo duo. The propel card is my first metal card which is dope. Love it.
Not sure if this was the thing when the video was made but you are not able to get the Chase sign up bonus for 24 months if you have already got one chase sign up bonus. I am currently waiting to get my next chase card. 9 months to wait now. I have my Chase Freedom followed by the AmEx everyday card.
Why are you recommending all the annual fee cards to those new to credit?! Who’s side are you on? Folks: get the capital one quicksilver; discover it miles card; then a couple credit union cards (message me for specifics); and then a no annual fee AmEx
Does the Wells Fargo propel count as an Amex card?
What's for the people who dont use airlines and travel etc
discover it has no upgrade path, but it does not need one. 5% rotating categories, no annual fee. You are already good to go...... No need for upgrade. You care about upgrades when the card you are applying for has negative attributes you want to get away from.
TLDR, start with discover it. Its a tier 2 card you can get with a tier 1 credit score.
What if my income is below 10 grand a year? I'm a full time student with a secured credit card and an authorized user card. FICO score being 753. I was just denied for the Chase Freedom card 2 weeks ago 😭😭 please help!
Mr. Sharp chase doesn’t weight credit score as heavily. They use credit history more. Reapply in 12 months and you might have better luck
Go for the Discover IT Student card
@@michigander1998 at the time, that secured card was Discover. I ended up getting an American Express card as they only cared about the credit score
@@b.sharp. did you manage to get the Chase Freedom? How long did it take?
@@alexanderjackson7815 I just had to wait a full year for my secured card to be able to be transferred to a normal credit card. In the mean time, I picked up an Amex card no problem
Returning college student here, I have an above 700 credit score and I also have the freedom unlimited and discover credit cards. And I was pre approved for the Amex green charge card and I was excited that Amex noticed me but I chose not to get the green card. I felt it was not the right time for it. I think I made the right choice. I’ll stick to my two cards and keep building the score until a different Amex card catches my eye
Great video. I’m a huge advocate for using credit cards intelligently and you hit some key points here.
is the amex blue cash everyday card considered a tier 2 card?
I started with BOA secured, 8 months later Discover 6 months later Amex, an three other cards. 800 a month income an 35,000 worth of credit. My way of thinking is I only get 800 a month, no bills except credit. I keep my usage under 10% cause I’m poor lol. But 3 to 4 thousand really helps if you get in a situation. An one think I hate is shopping so good for me. But keep me out of the Harley shop
What time frame would you recommend to get the first 5 credit cards?
He said it should take around 1-2 years.
Hi Credit Warriors, I have a question. I have had secured Discover It card for 7 months and got graduated with CLI increase to 2000 USD. Now looking to open second credit card and thinking if it makes sense to apply for Citi Costco Card? FICO is 771, TransUnion 718, Equifax 704. What are the chances to be approved?
Also thinking about option #2 is to apply for 2 CC with Chase at the same time (Chase Freedom Unlimited + Chase Supfire Preferred). I bank with Chase if it will make it easier, but again...what do you think about chances on being approved?
Thank you.
Had no credit so I got Capital 1 platinum, 6 months later got quicksilver1, 7 months later I applied for Sapphire preferred and Amazon prime at same time so it will only count as 1 hard inquiry but waiting on answer. So I also applied for Venture rewards after being pre qualified and was approved instantly with 5k limit. Hopefully Chase will approve too.
I was a ghost in the credit systems. Was able to lease a truck for a solid price early in 2019, was paying on that for a few months, got a Capital One card with $300 limit about 4 months ago to build credit. Now got approved for a 3k Discover It card. Now my question is should I try to get a Chase card now while my credit scores 718/720 (I know my score will update lower with the Discover Inquiry) are around this level or wait to go up the CC ring? Should I apply and get 3-4 now and take the hit on credit score or play the long game and wait another year to get a Chase card? I don’t want to get denied and still take the hit to my credit score
The only thing I’m curious about is how long should I wait to get these cards, I have a 740+ credit score but I don’t have a very long credit history. Right now all I have a student credit card from Wells Fargo and a Discover it Student credit card, which I applied for after 12 months of having my Wells Fargo card. As of right now, I’ve had credit cards for 13 months and I’ve been denied other cards for not having a long enough credit history. So I was just curious on the time you should wait to get each of these cards.
My first credit card was a Discover It Secured Card. I got it back in 2017 and they upgraded me to the Discover It Chrome Card 6 months later. I currently get 2% cash back on restaurants and gas stations, 1% for everything else on it, and have a $4100 credit limit on it. I used it to build a 793 FICO score. I'm certainly due for an upgrade. Do you think an Amex is a good choice? Or is there something better for me?
Question. I recently flew AA and I had a main cabin not the basic economy(the one you are eligible for upgrades), then on the day of the flight I upgraded to main cabin extra to get the extra leg room but when I got to the airport turns out i was upgrade to business class. Now the question Is I paid with my amex platinum and I got 60$ dollars for the incidental charge( that's how much it was to upgrade from main cabin to main cabin extra butt now AA also sent a reimbursement of 60$ to my amex account. I was wondering why did AA reimburse me and if amex is going to take back the 60$ credit they game me for the incidental charge?
@creditshifu what base number or range would you consider to be "high income"? Also, do you know of people being able to upgrade from the CSP to the CSR and still get the bonus (in the event that you did not get the bonus from the CSP)?
No intro bonus if you upgrade. Same for all cards.
I read where you need a 750 score to apply for American Express.
My credit card journey:
1. TD Cash
2. Chase Freedom Unlimited
3. Chase Freedom
4. AMEX Skymiles Gold
And lastly, I just applied for
5. Citi Double Cash
My credit history is about 3 years
and my score is about 765.
I kinda regret getting amex
If I can go back in time,
I would choose Chase Sappire Preferred!
i went withj 1. citi secured 2. captail one quicksilver 3. discover IT and got approved today foor CSP
Hey, I'm starting, and doing the Capital One, but I want to know if you should even get like the Apple Credit card...I think I want it because I am a Apple consumer plus get cashback and definitely from T-MOBILE...Is it a good move to make Apple a second card?
Is it possible to get a business card without a business? I see alot of people recommending this
How long should I wait to apply for new card after being accepted for CSR & NOW at 5/24?
Mystic Eric 90 days is a good rule of thumb
@@Borophyll Thats what i will do but i was JW my friend is in same boat but if he was to apply & Get another Card will chase take back the approval & Close the account?
I know you know this, 5/24 is for lines of credit - meaning not just credit cards. But also store cards and bank loans.
I'm very good about my credit and have a nice portfolio of no annual fee cards that can be the backbone of my credit history; however, my first credit card was the chase slate and not the freedom; it was a mistake I made I thought I wouldn't get approved for a cashback card with no credit history. It wasn't until a year or 2 later I picked up the freedom. I'm a bit bitter about it still lol :/
2020 update on this video or do you still think this video is still good to follow after a year? Looking to get my third card soon! :)
I just got approve for CSP with a 10,000 limit
Congrats and enjoy. Take care of it and Chase and it will take care of you! What card are you going for next?
Is the quicksilver a good card
2010: Capital One Platinum (upgraded to QuickSilver on April 2019)
2011: Capital One Venture
2019: Chase Sapphire Preferred (will upgrade to the Reserve next year)
Next Card: Chase Ink Business Cash (later this year)
yankeesgiants221 why did you choose to upgrade 9 years later? and you got a venture card within 1 year of getting the CO Platinum? that’s like skipping half of the ladder hahaha
@@trigara6979 Yes, I had it all backwards back in the day 🤣🤣. Had I found Credit Shifu's channel years ago, I would have upgraded my Capital One Platinum to the QuickSilver much sooner. I was also late to the Chase UR game. Oh well! Better late than never, I guess.
I’ve got the capital one quicksilver as my first card. The one with 1.5 cash back on everything. Which card should I get next ?
My Plan when I turn 18.
1. Capital One
2. Freedom Unlimited
3 / 4 (At the same time) Delta Skymiles Blue and Southwest Priority Card
5. Sapphire Preferred.
I would highly recommend the discover it credit card as your first card. They pretty much accept everyone especially students like me, have great customer service and are very generous with their credit limits and usually start you off from $500 -1500, and will still give you a credit limit increase after consecutive on-time payments that can really boost your credit score.
@@champ7087 should I get the Secured Card or the Cash Back one? I'm currently an authorized user of my dad's freedom card.
@@johnmor3541 Did you get a credit card yet?
@@kamilsultan1637 yes I have the Discover It Student Card, it's amazing. Paying everything off in full 👍. I have 5% cashback on Amazon currently on the card until the end of the year.
Started with the secured Platinum , Now I got The apple
And now I'm hungry for rewards and cash back
Thanks to the TH-cam Financial 5.
What's your honest review on the apple card how much did they approve you for? I haven't got it since I don't want to go into the 5/24 jail
How is the Amex cash blue preferred as a third card after Citi Thankyou preferred and Chase Freedom unlimited ??