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Unfortunately I had the misfortune of applying for a predatory credit card early on in my credit journey, but I was able to cancel it before paying any fees, so crisis averted :(
May I add the first primer card makes it annoying to pay them sooner then later. I had to call in the number and input my info to the bot on the phone for them to receive the payment sooner then waiting a week or so for it to show up on the app. So paying with a debit card only available on the phone and inputting all my info gets annoying every time.
These kind of cards are insanely predatory like you mentioned. It's so unfortunate that they even exist. Folks that apply for them probably shouldn't have credit cards to begin with.
I carried a balance on credit one for 7 years. I finally got wise paid off everything and build my credit to just under 800, now I never carry a balance, never pay for first class vacations, I have two first class trips scheduled in 2025 all on points. I have 7 credit cards. And I do pay fees on my Amex Platinum, Chase Reserve, Amex Hilton and a few others, but where else can you get a $7,000.00 first class one way flight on a good airline for 80.000 points? No more stress fighting the crowds, with clear, TSA Precheck and Global Entry along with lounge access. Oh and lay down seats too.
That is so awesome to hear! Success stories like these are amazing to read, so thank you for sharing! I hope someone reads this and follows in your footsteps.
Something about the open sky card, they dont have an email and require you to use paper mail for anything regarding the card. Even things like getting a new card once the old one expires. Ask me how I know
Hahah yeah, like I said in the video, it's shocking how mediocre they are most of the time. Pretty sad! I'm glad you moved to the points and miles game for sure.
I tried to sprinkle those in at the beginning, but that's not a bad idea! I may capture those in a ranking type of video or something like that. Thanks for the idea!
As a non american, i find it baffling how americans got gaslit into accepting such a system. The sheer lunacy of "having to build credit" or "having to rebuild credit" or "having to average credit card ages" It's all so incredibly predatory and americans talk about it like it's completely normal.
That's the unfortunate truth with their marketing! As I mentioned near the end, really any secured or beginner card from a reputable bank makes more sense than these. I may make an updated starter card video in the future though!
I’m big on Disney Parks and I think the Disney Visa is about as bad as a Walt Disney World churro. (DisneyLAND churros are pretty great and fresh on average. Disney WORLD churros are stale and bad and only there to trick people who have heard that “Disneyland Churros are great!” And they don’t understand there’s a difference.) But if you have a Chase checking account you can get a Disney Visa Debit card for access to the special events and photo ops in the parks only available for Disney Visa holders.
The annual fee is predatory. Once mine is paid off, I'm cancelling them. High interest rates. They won't drop the fee. I paid one off and cancelled that one. I have 2 Premier cards.
No brand credit cards like retail store credit cards or a credit card company like credit one which looks like capital one n im shocked credit one didnt get sued for having a similar name as capital one lol 🤣🤣🤣
I have First Premier bank. After 1 year of on time payments they offer you a NEW card not a credit limit increase on your current card. I took the bait. Then a month later they offered a CLI on my first card. Talk about predatory SO now they are getting double the fees.
I wonder how my Dutch mastercard creditcard would rank compared to these. Mine has a €30/y cost, 10% annual intrest, £2500 limit, and a 180 day purchase insurance. This is extremely comparable to the competition, however visa has €40/y cost.
I remember getting daily emails from Destiny to get one of their cards 😂 I even got a mailer that had the terms. You'd have to be a complete moron to sign up for that card!
These companies definitely have aggressive marketing tactics for a reason! Sometimes people just don't look super carefully at the terms and conditions and get stuck with a stinker like the Destiny card.
The no AF Disney card is "ok" only if you already shop for Disney stuff anyway. As a family of 5, the 10% off on the shops and certain food places really adds up. I think I saved like $300 from the last Disneyworld trip we went in Summer. Edit: The Amex Business Green is truly trash tier
You get 10% off Disney World food 20% off merchandise by having an annual pass. Capital One Savor card is a better choice you earn 3% cash back and entertainment which includes theme parks also 3% on dining with the also earned purchasing food inside theme parks
You cant make this stuff up! 🤣😭 Not sure whether to laugh or cry. Big shout out for calling these cards out and bringing them out of the shadows and into the light! 🔦 Oh the shame! I hope you thoroughly disinfected your tech after featuring them🤮 Here's a thought...get this info to the people at 60 minutes. I feel like these cards are that bad and if anyone can shame these banks or help push new regulations it would be 60 minutes. Keep up the great content!
Dude I know! It’s so bad lol. I definitely disinfected thoroughly after this one 😉 I appreciate your idea as well! I worry that these videos don’t reach the people that need it most, so it’d be great to get this info out to them however possible.
Oh interesting! What I was reading stated you couldn’t use it for anything but Disney redemptions, so thanks for clarifying! I appreciate the support as always Vicki.
I made one in the past! They’ve made plenty of updates since then which I’ve featured through integrations in other videos, but I know that’s not always the easiest to find. Let me know if there’s anything specific you want to see!
See, this is why I just don’t have a credit card. Period. If I don’t have cash I don’t buy. I can already hear all the credit bros talking shit, telling me I must be “12 and living with mom” or whatever, but nope! Own my car, my home, EVERYTHING was done with cash that I EARNED.
@@Sharkmane25because in a world where being in exorbitant amounts of debt is supposed to be “normal,” I proudly choose to be weird and actually live within my means
@@jomahawk7488the fact you are so successfully disciplined is why not using a credit card is a dumb move. You’re throwing away money. That sounds like a scam line, but it’s true. And it’s ONLY true if you have very good financial discipline. I use my credit card for everything. Literally everything. And pay it off every Monday. And earn 1-4% sometimes more, on everyday expenses I have to make in life. I never carry a balance. Never pay even a cent in interest. Sure, the 1-4% is nothing compared to a CD or investments. But it is the easiest return you’ll get on spending money you’re already spending. Seriously, if you’re as well disciplined as you say; get a credit card and pay it off every week or every paycheck. Just do NOT use it for things you wouldn’t already be buying. Don’t EVER use it to get cash. And don’t ever carry a balance. And you’ll come out ahead.
@@jomahawk7488 dude we get it lmao you're not winning any awards for doing what you're supposed to and it's even worse to brag. Even if it was all handed to you what business is it of mine or anyone else's. You care too much about other people's finances
💰 Get up to 15 Free Stocks + $30 Cash Rewards + 8.1% APY on uninvested cash for 3 months via Moomoo (Terms & Conditions apply): start.moomoo.com/01ocUW
🚨 Best Card Offers: spencerjohnsoncards.com/bonuses
Unfortunately I had the misfortune of applying for a predatory credit card early on in my credit journey, but I was able to cancel it before paying any fees, so crisis averted :(
Thank you for sharing your experience with us! I'm really glad you were able to get out of that situation unscathed though.
May I add the first primer card makes it annoying to pay them sooner then later. I had to call in the number and input my info to the bot on the phone for them to receive the payment sooner then waiting a week or so for it to show up on the app. So paying with a debit card only available on the phone and inputting all my info gets annoying every time.
Wow, it only gets worse. Thanks for sharing your experience!! That’s extremely annoying for sure.
These kind of cards are insanely predatory like you mentioned. It's so unfortunate that they even exist. Folks that apply for them probably shouldn't have credit cards to begin with.
I completely agree. Hopefully calling them out will help people avoid them, but their aggressive marketing techniques still fool folks unfortunately.
I carried a balance on credit one for 7 years. I finally got wise paid off everything and build my credit to just under 800, now I never carry a balance, never pay for first class vacations, I have two first class trips scheduled in 2025 all on points. I have 7 credit cards. And I do pay fees on my Amex Platinum, Chase Reserve, Amex Hilton and a few others, but where else can you get a $7,000.00 first class one way flight on a good airline for 80.000 points? No more stress fighting the crowds, with clear, TSA Precheck and Global Entry along with lounge access. Oh and lay down seats too.
That is so awesome to hear! Success stories like these are amazing to read, so thank you for sharing! I hope someone reads this and follows in your footsteps.
Discover Secured and Student blowing these cards out of the water is embarrassing to say the least
I love discover! Best customer service in the industry
very surprised by the Amex green business card. Amex definitely needs to refresh that card. Thanks for the info
Great video... Ugh talking about going from bad to worse. I had no idea some of these cards even existed. How is it even legal!
You're telling me! There are some seriously predatory cards out there.
Something about the open sky card, they dont have an email and require you to use paper mail for anything regarding the card. Even things like getting a new card once the old one expires.
Ask me how I know
Solid video. I never knew that cruise lines offered credit cards but it makes sense that they do.
I appreciate you Bianca! Unfortunately most of the cruise line cards are pretty terrible, but I’m sure there are diamonds in the rough.
Why was one of my first card the Carnival Card. Once I found out about Points and Miles, I shook my head haha, the worst.
Hahah yeah, like I said in the video, it's shocking how mediocre they are most of the time. Pretty sad! I'm glad you moved to the points and miles game for sure.
How about a list of none predatory cards? These are kind of obvious. From the major banks, that would be fun
I tried to sprinkle those in at the beginning, but that's not a bad idea! I may capture those in a ranking type of video or something like that. Thanks for the idea!
Spencer,
The green card you mentioned is definitely terrible that is Amex’s corporate green card and sorely needs a refresh. I hope Amex fixes it.
Maybe one day! Thanks for watching Jeremy!
I never needed but a great starter Card would be the Chase Freedom Rise card.
True!
That anyone would pay a fee in order to be charged interest is insane to me.
Thanks for the info + video!
Of course Jimmy! Thanks for watching!
As a non american, i find it baffling how americans got gaslit into accepting such a system.
The sheer lunacy of "having to build credit" or "having to rebuild credit" or "having to average credit card ages"
It's all so incredibly predatory and americans talk about it like it's completely normal.
It’s crazy how common the CreditOne cards are on Caleb Hammer’s Financial Audit Show are
Continental finance with $90+ annual fee charged on opening and no rewards for all their cards🤧
Super annoying that cards like that exist!
Credit one is such a scam lol!
Absolutely.
Lmao finance a Disney trip, you damn near have to get a second mortgage just to afford the first 2 nights and that excludes food
That's why I'm not a big fan of that marketing bullet at all. It can get folks into trouble quick!
Me looking at all these cards on my “recommended” section. Can you make a video with credit cards you recommend for port/fair credit
That's the unfortunate truth with their marketing! As I mentioned near the end, really any secured or beginner card from a reputable bank makes more sense than these. I may make an updated starter card video in the future though!
Done forget credit one charges you for a credit limit increase 😂
Even if one has bad credit, there are still other options than these. Thanks for sharing Sir.
I completely agree! Thanks for watching as always!
Some of these outfits issuing these cards should be put out of business to stop inflicting cruel punishment.
Agreed! They're super predatory.
They need to abolish credit card companies all together. Simple rule to avoiding debt: quit borrowing against income you haven’t earned yet.
I’m big on Disney Parks and I think the Disney Visa is about as bad as a Walt Disney World churro. (DisneyLAND churros are pretty great and fresh on average. Disney WORLD churros are stale and bad and only there to trick people who have heard that “Disneyland Churros are great!” And they don’t understand there’s a difference.) But if you have a Chase checking account you can get a Disney Visa Debit card for access to the special events and photo ops in the parks only available for Disney Visa holders.
The annual fee is predatory. Once mine is paid off, I'm cancelling them. High interest rates. They won't drop the fee. I paid one off and cancelled that one. I have 2 Premier cards.
No brand credit cards like retail store credit cards or a credit card company like credit one which looks like capital one n im shocked credit one didnt get sued for having a similar name as capital one lol 🤣🤣🤣
I have First Premier bank. After 1 year of on time payments they offer you a NEW card not a credit limit increase on your current card. I took the bait. Then a month later they offered a CLI on my first card. Talk about predatory SO now they are getting double the fees.
Disney is always sending me credit card offers. It never ends.
Damn I had the indigo and the first premier bank card.. thank God I got rid of them and got a secured card from my bank instead to build credit
Capital One commercial before this video. Lol
I wonder how my Dutch mastercard creditcard would rank compared to these.
Mine has a €30/y cost, 10% annual intrest, £2500 limit, and a 180 day purchase insurance.
This is extremely comparable to the competition, however visa has €40/y cost.
Thanks Spencer!
Thanks for watching as always man! 🥉
29 years old here and i have never even owned a credit card 😂
That's uhh, not generally a good thing
Yup me too
@@bobstevenson3130 do you need one?
Great content
Thank you so much for watching!
I remember getting daily emails from Destiny to get one of their cards 😂 I even got a mailer that had the terms. You'd have to be a complete moron to sign up for that card!
These companies definitely have aggressive marketing tactics for a reason! Sometimes people just don't look super carefully at the terms and conditions and get stuck with a stinker like the Destiny card.
@ The terms weren’t even small print. It had the ridiculous annual fee in large print!
@@Tristin471 Hiding in plain sight! 😆
The Amex green exists for corporate card programs.
The no AF Disney card is "ok" only if you already shop for Disney stuff anyway.
As a family of 5, the 10% off on the shops and certain food places really adds up. I think I saved like $300 from the last Disneyworld trip we went in Summer.
Edit: The Amex Business Green is truly trash tier
Disney worse than amex green
No annual fee cards are much easier to justify no matter how mediocre they are. But when they charge annual fees, that's when things get bad.
You get 10% off Disney World food 20% off merchandise by having an annual pass. Capital One Savor card is a better choice you earn 3% cash back and entertainment which includes theme parks also 3% on dining with the also earned purchasing food inside theme parks
@@martinguldnerAutisticSwanGuru We go to Disneyworld like once every 5 years. Not everyone is going to have an annual pass.
Make sure you thank your parents often for that Pantene Pro-V hair.
You cant make this stuff up! 🤣😭 Not sure whether to laugh or cry. Big shout out for calling these cards out and bringing them out of the shadows and into the light! 🔦 Oh the shame! I hope you thoroughly disinfected your tech after featuring them🤮
Here's a thought...get this info to the people at 60 minutes. I feel like these cards are that bad and if anyone can shame these banks or help push new regulations it would be 60 minutes. Keep up the great content!
Dude I know! It’s so bad lol. I definitely disinfected thoroughly after this one 😉 I appreciate your idea as well! I worry that these videos don’t reach the people that need it most, so it’d be great to get this info out to them however possible.
What about the US Bank secured credit cards?
The only card that I have not on this list is capital one
Thats crazy 😮😮😮
Right!
Disney reward dollars can be used for credit statements for flying any airline. Otherwise, they're ridiculous to get them. Great job on UA-cam ♥️
Oh interesting! What I was reading stated you couldn’t use it for anything but Disney redemptions, so thanks for clarifying! I appreciate the support as always Vicki.
Bro can you please make a video on credit card management app
I made one in the past! They’ve made plenty of updates since then which I’ve featured through integrations in other videos, but I know that’s not always the easiest to find. Let me know if there’s anything specific you want to see!
@ please bro make a updated video for me
F Disney.
Seems to be a common sentiment haha
When I grow up I want to be Odin.
Don't we all?
Any credit one card
All of them ….
This definitely a big batch of stinkers.
Agreed!
Bro I have like 3 of these 😂😂😂😂
🗑🗑🗑
😊
Thanks so much for being here early as always! 👑
Don’t use moo moo 😂
❤❤❤
First
Danggg super close man. I appreciate you nonetheless! 🥈
lol all credit cards are bad
See, this is why I just don’t have a credit card. Period. If I don’t have cash I don’t buy. I can already hear all the credit bros talking shit, telling me I must be “12 and living with mom” or whatever, but nope! Own my car, my home, EVERYTHING was done with cash that I EARNED.
Why you bragging to the internet bruh lol
@@Sharkmane25because in a world where being in exorbitant amounts of debt is supposed to be “normal,” I proudly choose to be weird and actually live within my means
@@jomahawk7488the fact you are so successfully disciplined is why not using a credit card is a dumb move. You’re throwing away money. That sounds like a scam line, but it’s true. And it’s ONLY true if you have very good financial discipline. I use my credit card for everything. Literally everything. And pay it off every Monday. And earn 1-4% sometimes more, on everyday expenses I have to make in life. I never carry a balance. Never pay even a cent in interest. Sure, the 1-4% is nothing compared to a CD or investments. But it is the easiest return you’ll get on spending money you’re already spending. Seriously, if you’re as well disciplined as you say; get a credit card and pay it off every week or every paycheck. Just do NOT use it for things you wouldn’t already be buying. Don’t EVER use it to get cash. And don’t ever carry a balance. And you’ll come out ahead.
@@jomahawk7488 dude we get it lmao you're not winning any awards for doing what you're supposed to and it's even worse to brag. Even if it was all handed to you what business is it of mine or anyone else's. You care too much about other people's finances
If you have any credit card with the word ‘platinum’ in it you deserve to be poor