How I Got Into Credit Cards
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- čas přidán 28. 12. 2017
- My credit card journey.
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You’re channel has changed my perspective of credit cards, thank you so much for all this knowledge!
I was at a job making pretty dang good money for a 19 year old and finally got my first few credit cards (2 from local credit unions, capital one platinum) and started raising my credit. My credit got up to a 768 at 19 years old! With a car loan too might I add. Down the road ended up losing that job and ended up at a job where I wasn’t making near enough money to pay my bills so if it weren’t for the cards I would’ve probably got my car repossessed and just gone down hill. Now I’m currently paying off all that debt. About 6k left!
Since I've been watching your channel for the past 3 month I've boost my credit and gotten the CSR last month and love everything about it, thanks to your videos.
I've never knew how to use credit cards back in my 20s, and I eventually got myself into a lot of trouble with credit cards. Now, I'm learning a lot about credit cards from watching your channel. Thanks Sebastian from Ask Sebby:)
This sounds like me after I found your videos. It started as a review for the Discover It card, and now I think I've thoroughly annoyed most of my friends by trying to advise them on credit cards. Your videos are great man. Glad I found your channel pretty early in my credit life. It's helped me out a lot so far
You are awesome, Sebby! Thanks to you, I have just enjoyed a trip for three to Tokyo, and planning another one to Europe this spring. I recommend your channel to my friends. Keep up the good work!!!
Loved this video! You and Mandy are great and I’ve been following almost from the beginning. After spending a Christmas unable to get home, followed by a New Years Day spent eating 7/11 Pizza, I decided to take the card plunge! Thanks to channels like yours, I’ve been traveling and staying in great hotels ever since. Keep up the good work!
Up 56 points on my credit report since July. Your entire series of videos are going to be extremely helpful as I continue on this journey. I started getting into credit cards when I got denied trying to rent a car.
I only got into the credit card points game a little over a year ago at 41 years old. I wish I knew about this years ago but here I am and I'm going to keep going. Luckily the CSR was out at the time with the 100,000 bonus so I got a great start. It's been such a mad dash that I couldn't even tell what all went on when. You have saved me from some major mistakes and have been a great guide through a big part of the time I've been in. I can't thank you enough Sebby.
I used to fear credit cards as well. But I have learned a lot more about them from doing research and realized that if used right, they can help you out. I now have 7 and its worked out very well. Your channel is awesome Sebby!
This channels has help me out alot..
2017 has been a great year to get into the core of this hobby. Your videos are helpful and add context to what can be overwhelming info for many. Sebby is what people like TPG should be but are not. Thanks for keeping it real Sebby. Never change.
Hey just wanted to say thanks. As for my credit journey going up approximately 115pts in 6 weeks. Just due to sheer neglect. So many things that sat on my credit report from the college days. A few disputes and settlements later. Thanks Sebastian! Your advice has helped a great deal.
I can relate to your journey... started with the freedom and got the CSP later on as well as some other cards from the Chase suit..I'd traveled 3 times in 2017 including Hawaii (w/ my wife) all thanks to the credit card game. We have another trip coming up in 3 weeks to Peru and Colombia which we used points for the tickets...My wife and I also started a travel blog focused on Spanish speaking community because we came across plenty of people including family and friends who weren't even aware of the existance of miles and points. We believe everyone can benefit from credit cards. Again... Great stuff Sebby!
You're the best! I found your channel right when I was starting my credit card journey this summer. I used to be super apprehensive about credit cards, and after learning more about them from friends, I did more research and got two this year! I do not have a travel credit card yet, but I see myself applying for one next year. Thanks for all you do!
Thanks for the insight Sebastian.
Amusingly, the reason I got into credit cards is the inability to get a restaurant reservation for my anniversary. When I tried to get into the French Laundry by trying to call, it was such a onerous and horrible experience that I gave up trying to do it myself after a few days. I then started looking into Amex Platinum to use the concierge service as a way in.
Then, down the rabbit hole for me.
That's awesome! Yet another benefit that I bet is underutilized by most people.
I’m really happy that you started this channel.. You are the best on CZcams!!!! You get to the point and explain everything very well.. I actually wait for your new videos and you got me very confident on how and what I should do with my credit cards.. You have definitely improved and your channel is every informative, and you keep my attention. I have ADHD So that’s a compliment hahaha... I hope you continue this channel and I really hope you become big on CZcams, because you really deserve it.. Keep it up and Thank You Sebastian..
I Never Disliked you, because I only trained my brain to keep up at your speed, but... *THIS VIDEO IS THE MOST EPIC* ,i'm shocked.
Being a Genius or Geek is not a crime. You know your Craft, Entertaining and I love it : )
Hey Sebby, between you and Shifu, I've learned so much about about building and maintaining healthy credit. Thanks to you guys I've built myself up to a solid credit score and a fantastic amount of open credit for my age. Thanks for all of the info!
I started with a secured card with BoA with only a $500 credit limit. 2 months later i got a secured card with Capital One. After 7 months, i was approved for the Discover It card with 2,000 credit limit. Last week, i was approved for an Amex Blue Cash card with 1,000 limit. And now, i got my security deposit back from BoA and my limit jumped to $2000. All thanks to your videos. Thank you and Happy New Year! I plan on getting the Chase Freedom pretty soon ;)
I forgot to mention, im also using selflender :)
What a great video. Thanks for sharing! ❤️ Sebby & Mandy
First there was nothing... then there was Ask Sebby. For real I had a card since college but I avoided using credit cards until about three years ago (I'm 33). I lived overseas for a while so that helped me stay away as well. My coworkers would talk about their points and their cash back. I travel frequently for business and pleasure. Finally I started looking into credit and found out that because of my mortgage and student loans I had a 795 credit score! I started using cards and Ask Sebby really helped to inform me on the best cards to choose. I feel disappointed that I missed out on so many points until now. Thanks Sebby!
Love this! Been learning a lot through your channel! Thank you! Bring back the Corgi please 😁😁😁😁
It's funny how you said you talk way to fast.I actually watch your videos in 1.5x. because I thought your normal speed was too slow lol. Anyways keep up the good work.
Just wanna say thanks to your other video on what to do with a denied application from Chase. Showed it to my SO and now we got her SW Plus approved!!
Looks like we will be getting our CP with the SW biz & SW Plus now!! Your videos really make 2018 look like an exciting year for us. Keep them up.
Thanks for sharing your origin story and your knowledge.
Great video Sebby😊
You're much appreciated 😊
Thanks for all the help with your videos!
lol I am 40 and have just now over the past year gotten over the fear of having more then one or two credit cards! Thanks to your channel. Most everyone I talk to still believes that too many cards can get you in trouble. This is true but I try to explain that this is for the person who does not carry a balance. I still avoid the company credit card that is offered to me often. The turn around time for our expense reports is really quick so it never is an issue. I have received so many points this way on my CSR its been great. I have a calendar event to remind me when to change my CSP to a Freedom. I can't wait to take advantage of the categories there. Thank again Sebby. I refer lots of friends to your channel even one who has just moved here from the UK. It has been interesting for him. Luckily enough our company was able to help him to establish credit.
I find that the best ways to earn points is typically to have spend that isn't yours (company, client, etc.). It sounds like avoiding the company card is the optimal decision ;)
Thank you for the channel and showing us “behind the curtain” in this video. Could you also share what are your influencers, such as blogs, forums, creators that helped you learn more about cards and credit, please? I’m finding lots of information out there but would like to start with reliable sources. Keep the good content rolling!
FlyerTalk and Reddit are great information troves but there's definitely a lot of information to dig through.
I just found your channel a few days ago and love the content & delivery. It's funny that you've slowed down due to request - I play your videos at 1.25x speed!!
Can't wait to check out your original content (@ normal speed 😂), Thanks 4 sharing!! I've learned so much
Happy New year Sebby always greats videos. LookingTo the 2018 videos. Always stay checking for new videos. Awesome story how you started doing youtube videos.
Truly enjoyed this video. Maybe an update on your journey sometime.
As usually, really helpful advice. I've been able to view credit through a different lens since watching your videos. This needs to be a required course in college! I signed up for credit cards willy nilly in college and destroyed my credit. I spent years trying to rebuild it but I was clueless about how it works. Thank God for CZcams because I probably would have continued in my vicious cycle of bad credit for the rest of my life. I think I discovered your videos when I decided that I was going to commit to travel and I learned that there was a whole world of people traveling using benefits earned from credit cards. I was of the Dave Ramsey-esque mindset that credit cards are bad and they will led you into the poor house. Credit card churning and just being smart about only spending what you can afford to pay off made all the difference. It's not free money which is what we though it was in college. Interest is a beast and to actually earn benefits rather than having credit cards pimp your finances is so empowering! Have an amazing new year!
Out of curiosity, what flipped the switch from the Ramsey to the Sebby mindset?
To be honest I didn't know anything about Ramsey until around the same time that I came across your videos. As a matter of fact I think that is how I stumbled across your videos. In any event, I never really bought that credit cards were "bad" and the fact that someone had figured out how to essentially "hack" them was fascinating to me. Like I said before I was really interested in traveling and my friends had mentioned how they used credit card points but I never understood how since I didn't understand the tier system of credit cards (I like the way Credit Shifu broke it down) so between watching you, Beat the Bush, and Credit Shifu I feel like I can now navigate the world of credit much better. My long term goals are to spend only what I can afford to pay off that month, increase my credit score, and land a CSR or AMEX Plantinum to use for travel. I am also working toward paying off remaining outstanding balances which will bring my utilization down and save me hundreds of dollars in interest payments per year. ETA: I wanted to add that I find the Everydollar app very useful for determining how much I can spend each month so used in conjunction with cash back credit cards it is a valuable tool.
Thanks for doing what you do. I teach in a company called 101 financial and they use a credit card as a tool. I ended up on your channel after researching how to maximize your credit cards to your benefit.
You are my hero. :)
I wish a lot more of the public were more interested in credit card rewards. Your channel, as well as other credit card channels, deserve more views and subscribers than they get.
Cashback credit cards are the only logical way to spend money over cash and debit if you're being responsible. I don't like that the media and adults are very apprehensive of credit cards. I'm glad my parents taught me about the benefits of cashback and how easy it is to avoid interest
Had a few CC from beginning but I never really optimized until I got CSR 100k offer and then started getting more cards and focusing on optimizing spend and sign up bonuses and got these cards since then ->
Amex PRG, Amex SPG, Discover It, Hyatt, CIP, and Merill +
So.. 7 cards in a year essentially.
I've had 2 credit cards since i started college in 2010 but never really reaped the benefits. I didn't even take the time to see what it offered. I did not have the greatest credit score and wasn't sure how positively affect it until i came across your channel. Based on your videos and advice, i have increased my the amount of cards by 3 this year, though my score took a dip for a couple months it jumped right back up in no time. Not only i am enjoying my cash back.. next year (2018) I will be seeking travel benefits, one thing I have noticed there aren't as many choices in Canada compared to USA. However I am loving the content and advice, keep it up!
For signup bonuses = US >>> Canada > Australia > everywhere else.
For everyday spend = Many Asian countries (Singapore, HK, South Korea) > US > everywhere else (from what I've seen).
I went through the exact same path.
- Before I start: Credit card is NOT evil but I don't need it.
- First year: I probably can use a 2% back card, set it up and forget about it.
- Second year: Citi Forward looks promising, 5% food & amazon can save some bucks for me.
- Third year: Citi prestige and US Bank Club Carlson
Today, even though 3 of the 4 cards that lured me into the credit card world has died (FYI, the 4 cards are Fertility 2%, Citi Forward & Prestige, US Bank Club Carlson). I end up having a ton of cards, including the prestige, reserve and platinum.
we thank you, so very much for your nollege and your teaching us we thank you so much
have a nice day.
Quicksilver, discover it, amex everyday, amex delta gold, and freedom all in last 10 months!! I'm in Chase jail 5/24... 😭😭 thanks sebby. Started with 480 CS 3 years ago. now 707. Thank you sir. Fyi. 2 years ago I got a credit one and a first premier card to work my score up. Time to get rid of those!
Yep I thought the same thing as you, and I started to racking up solid cards with no annual fees after 6 months
I love watching your videos they are always informative and I do learn a lot about how to optimize my credit cards. Have you considered creating a review for the US Bank Altitude Reserve card. I have thought about getting the card but am curious in hearing your experience with the card.
Sebby, you are the BEST !!! What about Mandy and how did you 2 get together?
I've been WAITING for this video-any advice I can get on getting into credit cards is so needed-I'm thinking about seriously investing in one-at LEAST one in the new year....I'm just stuck on what to get for someone like me with no credit history.
RibottoStudio he did a video on secured cards, try for the discover it, if you can get the nonsecured version that's fine but even the secured version will be able to "graduate" to the regular card in the future
I stared credit optimization early this year and I regret nothing. I only got 2 cards this year but next year I'm hoping to get 3 or 4 more at least.
Craig Payne there are plenty of awesome cards, even some that sebby hasn't covered - of course, some of them take a few hoops to go through and probably most people don't need to apply for the awesome credit union cards, because if they get taken advantage of they may do away with the programs
RibottoStudio I recently got the Capitol One Platinum, my first card. I too have no credit history.
Hey, Sebby. Could you do a video about Chase’s card aquisition risk score? I heard its a range from 250 to 900; but I’m not seeing any literature on it.
I got into credit cards because if I am going to spend money, I may as well get something for it. I opened the chase sapphire reserve with my husband. We combined points and got a free trip to Dubai and London flying Emirates. We used leftover points for hotels.
Would love to hear more about that trip :)
How does it compare to use cash back cards and booking through airbnb vs using travel cards and booking hotels with points?
Poor decisions made worse by not understanding credit made my early 20s not so fun financially. I figured out how it works, and like you, added a bunch of cards to build a base. I began paying in full where I could and where it made sense, which was a big change in mindset. I'm still digging myself out of the debts of a dumb college kid, but now I get perks for buying cat food, and feel much better about my financial future.
If you already have the two free Chase freedom cards , and then you apply for Chase saphire reserve, one year later u want to downgrade it, is it possible to downgrade it? Cuz you already have the downgraded cards. Can you have two of the same downgraded cards?
Hey Sebby, Thanks for this self reflecting video. Some family encouraged me to get a couple credit cards to (between discover and cap one venture) to build up credit and to travel (like for you with sapphire from chase as needed). At this point with 5 cards for cash back/ reward points (depending on their program), 1 travel card, and 2 cancelled cards (due to lack of usage), I do have one question for you based on this self reflection: which hotel credit card (assuming it’s from chase for Hyatt, marriott, or ritz-Carlton) do you have a preference as to which card you use the most or which hotel would you use the most that would be more beneficial?
I’m only asking because if I to Travel, I would like to use my points from that credit card and/or my chase cards to transfer them over to that card to mitigate the cost. Like how you said you prefer in this video.
Chase IHG and Chase Hyatt are easy "free money" to me. You're paying $49 and $75 respectively for free nights at each of those hotels. Perfect for emergencies or random weekend trips. If you want to talk strategy: www.asksebby.com/free-card-consultation/
Hey Sebby, before I go to your consultation card site, what is the IHG card and are they issued for a hotel chain industry (nationally or internationally)? I only ask is because I never heard of them. Hyatt may sound solid due to random weekend trips / emergencies. After I do your consultation, I'll probably help zero in on those hotel cards that i would consider in the later future.
How does one collect 15+ cards without hitting a financial review? Does each card have to maintain a $1000 cap? Or does a person have to eat the financial review sandwich and hope for the best?
Hi sebby, can you do a detailed review on the perks of the amex centurion, tweeted you requesting the same!
It's on my list but pretty far down (since it's not really actionable for most people).
Due to its high fees, the Centurion card doesn't tend to be a good value for most folks (initiation fee of $5k or $7.5k, plus $2.5k AF per card), unless you travel every week and/or spend a ton. TGP's site has a very recent post covering the benefits, "The Inside Scoop on the Amex Centurion (Black) Card".
So is a video with Best the Bush in the works?
"It was literally kind of annoying" lol
Are you into Bitcoin? If so could you do some videos on it? Thank you either way! Your videos have really helped me so much! Thank you for sharing your knowledge!
czcams.com/video/sZS0D1J2tP8/video.html
Why did you go traveling then?
hey I have a question, so I have my green amex and gold one and I want to get rid of my green one because I don't use it and I just don't want to pay an extra 100 a year for nothing. This is where its tricky and this is where amex screwed me here, I had my green first and than asked to upgrade a year after. they upgraded me and I got my gold card but they signed me up for a new application not an UPGRADE. So now I have 2 amex cards but on different account numbers. HOW DO I GET RID OF THIS GREEN CARD WITHOUT MESSING UP MY SCORE , IM 730+ !!.
what would you do? I need advise bro
I would upgrade and cancel in a year. Ironically, they helped you: www.asksebby.com/blog/should-you-upgrade-your-american-express-card
Good info credit card is useful if u used them right
yeah i never noticed that you talk to fast i play all youtube videos that i watch at 1.5 or 2X to save time hahaha
in a 2 week vacation in the states i got a credit card
what happened to the dog LMAO
He's on vacation ;)
Bro, tell us about your investments
I hope you understand what im saying lol. I figured you would know something !
Is there any way that you know of that I can pay my car payment every month with my credit card to get the rewards. My financing is through Ally Financial.
Jeremy James Ally does not let you pay with credit cards but you probably can with some of the services out there like Plastiq but then you are adding 2.5% to each of your payments and that makes no sense obviously
Thanks Sebby for your fast response and info.
Jeremy James he wasn't sebby, lol. But yeah, I agree with him. Unless you have a card that gives you over 2.5% cashback on car payments, it's not wise at all
epiksar oh sorry I didn't realize who responded I looks just thankful for the group help.
what is in the bottle behind you?
Lagavulin 16. Pretty much my go-to. It's usually ~$50 at Costco.
Are you a ENTP? You make me think of...me when you speak/think!
Aaaaah, I remember being under 30yo,,,,,,,,lol
Dude I thought you were depressed and that's why you were talking slow. You should speed it up just a tad in your video editor