just to clarify you need 2 credit lines they do not have to both be credit cards for example you can have one line of credit and one credit card counts as your two or 2 cards or 2 locs etc
we landed in canada in September, 20.since than my hus and me continuously watched ur video(that was our frastrated period of life) .now my hus join in a renowned mining company and yes in a good position. still now I'm watching ur video and learning lots f things frm u..my best TH-cam channel. May krishna bless u
Such very tiny bit of information is very helpful... I am sure there are tons of videos online but a personal experience is more relevant...good job guys...
How to see credit card for auto payment - I mean how does it identify what amount to pay each month as it will vary. We can set the date for sure but how about the amount ?
Excellent video and in fact so well researched. Quick questions, regarding impact on credit score: 1. If I have additional credit cards and do not use them at all. (For example my 3rd credit card) 2. Impact on early repayment of car loan. Looking forward to your answer. Thanks and Take care
Okay and point number 7 is totally incorrect. If application comes joint bank always see over all risk tolerance. So doesnt matter if your score is lower but if your joint applicants score is higher than the max bank can do is to remove lower scores income. They will need to know the reason for your lower score. So dont worry. Even with 650 score you can get approved.
1. Does it make sense to open a new bank account with another bank for our 2nd Credit card? (Because sometimes other banks provide some different offers) 2. Would it make sense to get the 2nd CC by opening a joint bank account (spouse + me) with existing or different bank?
Very helpful video, thank you for sharing this. Should we get multiple credit cards from separate banks or different kinds of credit card from same bank. For example, if I have a BMO visa credit card, do I simply ask BMO to issue me a Master card or go to RBC or TD for a new credit card?
It is always good to have relationship with at least 2 banks. E.g you want to apply for Line of Credit / Loan Bank A is offering you with 5% and bank B is offering you with 7% so you have options to compare and choose between those. Plus, banks do offer good Loan amounts which are pre-approved. I hope this helps.
Mere liye yi bat new thi k bank ko kabhi khud se limit increase kerne ki request na kro. 2nd yi k kabhi bhi choti choti cheez per finance na lo. Overall video was very informative. Thanks so much ❤️
I have one credit card , always use it less than 30% but I don’t wait for the bill date. Once I use it I pay the bill in maximum day or two, still my credit score is around 670. Have been in Canada since 2 yrs, no defaults on payments ever. Reason ?
Pay it once a month not more right now. I noticed my score dropped when I was making too many payments. At the most should be 2 payments a month to it. No more. I do one payment a month. My score is over 800 (maximum score is 900).
@@yadwinderberi8199 I actually don't pay attention to that. I pay it near the end of every month and it works out fine. Just need to not be late so if its normally due on the 1st you can do middle of every month. Just do ONE payment though.
Just FYI guys its not all about credit scores. Bank always review your over all profile and approve decline depending on it. I am underwriter. And have 1 cc is not a reason for decline. Financial advisors will never disclose full reason. Lol.
The objective of a credit card is to give credit for 45 days interest free. As you have suggested to pay twice , then you are not getting full credit period. Hence its defeats the purpose of using a credit card ! We have a conflict here.
In the USA, earlier this year I used my credit card to 60% of the limit and forgot make the payment before time (30%). My credit score dropped immediately. The auto payment did go through a few days later and the score came up back to where it was. The good thing was that the credit card company contacted me a few days later and increased my limit by 70%. Also, I had a question and need some advice. Is it good to pay off our car loan earlier if we have the funds? Is it worth doing it?
Tips: - You get to check your credit score free once in a year else you have to pay for the report. - You can create an alert on your credit as when there is a credit check the bank/institution is liable to obtain your consent and by that you can make sure that yes you have are have authorized the credit check. I hope it helps.
Hi, thanks for your valuable tips. Also could you please tell me that how many account one can open with different banks. As currently i have two accounts with RBC and CIBC. If i open a another account with BMO, is this will impact on my credit score? Pls reply. Thanks in advance.
So important .. credit score is so important here and one need to not only use cash to buy or pay for anything but apply for credit /Visa card and use that ..often 👍👍
Excellent information and thanks! I have a tip how to incease your credit score. If you are using credit card in India, some website offer u to transfer your credit score to us or canada. I know the one which is novacredit.
Hi, I like your videos. Following since long back. Could you please do a video on foreign exchange and provide good way of exchange or remittance. Like CAD to INR.
Aap jisko credit score bol rahe ho, same apne India me bhi hai CIBIL score. Credit worthiness assess karne ke liye. Yaha bhi agar cibil Achcha hai to loan easily milta hai.
Hey Harmeet, Do you guys suggest going for multiple credit cards from same bank or approach different banks for diff cards? How to go about it? Multiple CHeckin accounts or what?
More cards is also not recommend. Even if you have 1 card for long time, it still shows your credit worthiness. Dont fall for more cards. I am underwriter for one of top 5 bank.
Subscribe 🙏
Please watch other videos here 👉th-cam.com/video/5Nuid-yZHSY/w-d-xo.html
Follow us on Instagram👉instagram.com/canadacoupleofficial
Sir/mam I have a doubt.. An my husband get a bank job in Canada as he already doing job in a bank..?? Plzzz reply
Amazing, these are seriously effective ways to improve the score. You both are awesome and you always come up with the best information.
just to clarify you need 2 credit lines they do not have to both be credit cards for example you can have one line of credit and one credit card counts as your two or 2 cards or 2 locs etc
Brilliant research done from your side and the best part is that your simplicity to share these contents to all.Really happy to see your videos🤗
Your sincerity, open ness and articulation is amazing.. congratulate you and continue making it easy for fellow immigrants.. God bless🤗
Good information, very helpful to new comers to Canada, good job!
we landed in canada in September, 20.since than my hus and me continuously watched ur video(that was our frastrated period of life) .now my hus join in a renowned mining company and yes in a good position. still now I'm watching ur video and learning lots f things frm u..my best TH-cam channel. May krishna bless u
Yes, you guys are on the point. Always amaze me.😊 awesome tips! Thank you.
Interesting!!!!!Learnt many things from your video. ❤️
Most of the hints I learned from you. Thank you so much for sharing
Such very tiny bit of information is very helpful... I am sure there are tons of videos online but a personal experience is more relevant...good job guys...
Excellent guidelines. Thanks to both of you....🙏🙏
Living in Canada is a whole science.
I'm glad that I can able to know these things through your channel. Thank you so much for making this kind of helpful videos. ❤️
Awesome tips! My credit limit got increased twice due to timely payments but sone points were really new for me . Thanks again
Really very very useful tips…thank you for sharing this…!
This is very useful. U guys alwys share imp info.. great job.. appreciate it👏
Thanks guys for these tips. It will be really helpful for our future buyings.
Very important video... I like the 30% tip. U guys are amazing keep it up..
Can you help suggesting which points will work between for Student? Should we do the 1st Point : AutoPay or 4th? 15:3 one?
Very informative, you guys are really amazing 👏 !!!
Very informative video, much appreciated
Hi guys. Do timely bill payments of post-paid phone plan and internet plan boost the credit score?
How to see credit card for auto payment - I mean how does it identify what amount to pay each month as it will vary. We can set the date for sure but how about the amount ?
Very nice information. My brother is looking for new house in USA i will tell him all these points so that he can improve his credit score.
Very informative tabs practical tips
You guys are just amazing 🔥
I always appreciate your hardwork you put in your intellectual videos 👌
Thank you so much guys 🤗
Really Good Tips Awesome....
People Already living there can gain from these tips as well....
👍🏻🙂👍🏻
Excellent video and in fact so well researched.
Quick questions, regarding impact on credit score:
1. If I have additional credit cards and do not use them at all. (For example my 3rd credit card)
2. Impact on early repayment of car loan.
Looking forward to your answer.
Thanks and Take care
Okay and point number 7 is totally incorrect. If application comes joint bank always see over all risk tolerance. So doesnt matter if your score is lower but if your joint applicants score is higher than the max bank can do is to remove lower scores income. They will need to know the reason for your lower score. So dont worry. Even with 650 score you can get approved.
Very very important information thank you.
This is such a important tips and information 🙂
Well Narrated.
Thanks
1. Does it make sense to open a new bank account with another bank for our 2nd Credit card? (Because sometimes other banks provide some different offers)
2. Would it make sense to get the 2nd CC by opening a joint bank account (spouse + me) with existing or different bank?
Very helpful tips. Thank you so much...
Mind blowing TIPS brother & sister...
As a new comer it'll really help me. Thanks!!!
This is very informative thank you
what is price of 100 square yard double story house in toronto and vancouver
Very informative video
You are really helping couple.
Really informative...thank you guys!
U both tell everything very cleary , I like u very much
Very helpful video, thank you for sharing this. Should we get multiple credit cards from separate banks or different kinds of credit card from same bank. For example, if I have a BMO visa credit card, do I simply ask BMO to issue me a Master card or go to RBC or TD for a new credit card?
It is always good to have relationship with at least 2 banks. E.g you want to apply for Line of Credit / Loan Bank A is offering you with 5% and bank B is offering you with 7% so you have options to compare and choose between those. Plus, banks do offer good Loan amounts which are pre-approved. I hope this helps.
Very Informative Video.. Thank you 😊 and stay blessed.
Mere liye yi bat new thi k bank ko kabhi khud se limit increase kerne ki request na kro.
2nd yi k kabhi bhi choti choti cheez per finance na lo.
Overall video was very informative.
Thanks so much ❤️
Suppose we dont use credit card and do all spending through debit card. How will it affect the credit rating.
To improve credit score one should use credit card
Ignoring small items, what item I could buy!! Within 30% limit..
Tip no 7 is best one :)
All the tips are really good👍👍 for new commers
.
Awesome. Thanks
Second viewer I love ur video 😊
I have one credit card , always use it less than 30% but I don’t wait for the bill date. Once I use it I pay the bill in maximum day or two, still my credit score is around 670. Have been in Canada since 2 yrs, no defaults on payments ever.
Reason ?
Pay it once a month not more right now. I noticed my score dropped when I was making too many payments. At the most should be 2 payments a month to it. No more. I do one payment a month. My score is over 800 (maximum score is 900).
@@canadianjatti how many days before do you pay it before the bill generation date
@@yadwinderberi8199 I actually don't pay attention to that. I pay it near the end of every month and it works out fine. Just need to not be late so if its normally due on the 1st you can do middle of every month. Just do ONE payment though.
Call equifax and confirm the reason. Possibly you have late payment or any unknown bad debts.
very good information. thanks
Very informative for new comers to Canada
Just FYI guys its not all about credit scores. Bank always review your over all profile and approve decline depending on it. I am underwriter. And have 1 cc is not a reason for decline. Financial advisors will never disclose full reason. Lol.
Very helpful info thanks
Bhai where did you get the dresser from, which is at the back in the start of this video.
Hello Sir,
What if we pay entire credit card bill on next day of bill generation?will it also improve credit score drastically?
You are Right Thanks For True Share Video 👍
How do u check ur credit enquiry ??
Good information thank you very much🤗🙏
I assume if we are paying full cash for the house and car, we don’t have to worry about credit score?
Excellent tips 👍🏼
Thank u ❣️ u both r amazing ...love from Pakistan
Nice content. Thanks guys
Thanks for informative video.. 🙏🙏👍👍
Sir please make a video on teaching options in canada for schools as well as college
❤️❤️❤️❤️❤️👍👍👍👍👍
Get Well Soon Paaaajjiiiiii 💐
This is very 1st time in my life, I m commenting 🙃 whole video was very informative 👌,
I like U guys.
Thankyou for the informative video
Wowwww ❤️
Man kartahai vaha aake credit 💳 score karna chaluuuu kardu 😀😃😀😃😀😀😃
The objective of a credit card is to give credit for 45 days interest free. As you have suggested to pay twice , then you are not getting full credit period. Hence its defeats the purpose of using a credit card !
We have a conflict here.
In the USA, earlier this year I used my credit card to 60% of the limit and forgot make the payment before time (30%). My credit score dropped immediately. The auto payment did go through a few days later and the score came up back to where it was. The good thing was that the credit card company contacted me a few days later and increased my limit by 70%. Also, I had a question and need some advice. Is it good to pay off our car loan earlier if we have the funds? Is it worth doing it?
Really good tips👌👌👍👍👍❤️❤️
Are credit cards chargeable ?.?
What’s the charges
Tips:
- You get to check your credit score free once in a year else you have to pay for the report.
- You can create an alert on your credit as when there is a credit check the bank/institution is liable to obtain your consent and by that you can make sure that yes you have are have authorized the credit check.
I hope it helps.
Could you please guide how to create an alert?
you can check twice a year (once with each agency)
@@amitgandhi2036 I kept on writing the reply and providing you with link but for some odd reason its keep on disappearing. Can you PM pls.
Nice video thnx a lot amazing informative video 👍🏻
Love Canada couple 😍
Nice sharing very informative thanks again
Quite informative!
Thanks for amazing tips!just wanna ask how can we check our credit score?
Can't we buy Grocery?? Costco ya freshco mein 300$ka buy kiya weekly
Hi, thanks for your valuable tips. Also could you please tell me that how many account one can open with different banks. As currently i have two accounts with RBC and CIBC. If i open a another account with BMO, is this will impact on my credit score? Pls reply. Thanks in advance.
Very very informative.......Thanks .....🙏
This would really help me to increase my credit score.
Very nice and informative...
So important .. credit score is so important here and one need to not only use cash to buy or pay for anything but apply for credit /Visa card and use that ..often 👍👍
Excellent information and thanks!
I have a tip how to incease your credit score. If you are using credit card in India, some website offer u to transfer your credit score to us or canada. I know the one which is novacredit.
Hi, I like your videos. Following since long back. Could you please do a video on foreign exchange and provide good way of exchange or remittance. Like CAD to INR.
Sure
Second credit card 💳 is an amazing idea 💡 🥰🙏💐💐💐💐💐💐💐💐💐💐💐💐💐💐🤝
Aap jisko credit score bol rahe ho, same apne India me bhi hai CIBIL score. Credit worthiness assess karne ke liye. Yaha bhi agar cibil Achcha hai to loan easily milta hai.
You guys are awesome 👍👍👍
Make a video on which credit cards are best👍🏻👍🏻
Well reaserched video... Excellent... Take care
Nice information
Are you absolutely fine now? God bless and take care
Thank you you are giving IMPORTANT information. What about teacher jobs you have any idea.
Sat Sri Akal guys.Thanks a lot for such an informative session.
I'm first... from qatar
Thank you so much!!!!!
Hey Harmeet, Do you guys suggest going for multiple credit cards from same bank or approach different banks for diff cards? How to go about it? Multiple CHeckin accounts or what?
they will check your credit each time so only apply for cards you will use and they are not usually from the same bank
More cards is also not recommend. Even if you have 1 card for long time, it still shows your credit worthiness. Dont fall for more cards. I am underwriter for one of top 5 bank.