4 EASY Steps for a High-Value Credit Card Strategy
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- Опубліковано 25 вер 2024
- Follow this guide and its steps to build a winning PERSONALIZED credit card strategy that will maximize the value of your lifestyle, for beginners and experts alike!
Everyone’s lives are different, and although there are hundreds of “What’s in my wallet” videos out there, none of those setups will be perfect for you specifically. How do you get the Chase Trifecta? Which order should you apply for these cards? Should you go for Chase, Amex, or Capital One? There are so many questions and variations possible!
So in this video, we break down the 4 key steps you need to take to shape your own credit card journey.
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Which step of the credit card journey are you on? Are there any that I've missed? Let me know below!
If you're interested in my personal setup, check it out here: ua-cam.com/video/GxwVFpdsjwY/v-deo.html
And if you're interested in my favorite cards, learn more here: kevinyang.info/credit-cards
Oh man, this just reminded me of my humble beginnings. It all started with being an authorized user and look at where we are now.
A great way to really kickstart any credit card journey! How long ago did that start for you Chase?
I think I'm like a lot of folks who will be in the stage of building my collection and making additions from here on out. While I already have a good foundation of credit cards, I don't see myself stopping anytime soon with all the value that can be garnered from welcome bonuses on new cards. This was a super well-thought-out video Kevin. Great work!!
For those of us willing to put in the work, there's some amazing value there! But I can definitely understand those who have little to no interest and go for simplicity too. Just a trade off! Thanks for watching as always Spencer!
I wish I had one of these roadmaps when I was starting out great job bro!
Same here! In hindsight it might seem simple, but hopefully condensed guides like these help the ones still early in their journeys!
Great guide on credit card strategies Kevin! I’m always trying to find the balance between max value vs. simplicity, and it seems to always change! Lots of great options to choose from in this video. I’m big on BofA as you know, but yeah, most people would do well starting with CFF/CFU (maybe Freedom Rise now)
Yeah I think you're one of the few big fans of BoA that I know haha, but it's definitely up there when it comes to simplicity, especially if you have the assets with them! Thanks for watching Stan!
1:46 chase coming in clutch dropping those fees !
Super informative. Thanks Kevin!
Thanks for watching!
Great roadmap and video! Thanks for the info ✌️
Thanks for watching Cesar! Where are you at in terms of the different steps?
@@KevinYang I’m in the bonus hunting phase 😂
Great video Kevin! I personally started with the secured card route. Now that my score is higher I’m trying to resist the urge to collect cards like infinity stones lol.
Haha, whatever suites your lifestyle! Some people spend more so it makes sense, but some may be good with 1-2 cards. Which cards are you eyeing next?
@@KevinYang Absolutely lol. Right now I’ve had the SavorOne for almost 8 months, and the BILT Mastercard for almost 3 months. I don’t have a “catch all” card, so I’m debating whether I want to go for the Chase Freedom Unlimited to get into their ecosystem or go for the Venture X. I know I eventually want the Venture X, but I’m not sure if it makes sense for me just yet.
So I just got the freedom flex card. It was my 5th one. So my 5/24 is full. I really want the Saphire also. Can I cancel one of my other cards that won’t go off the 5/24 for another year? And then get it? Does it work like that?
No unfortunately not. You could product change, but then you also don't get the welcome bonus. You could instead focus on another ecosystem first!
I plan to do Capital One duo and chill
Really solid duo there if it suits your lifestyle! Do you have either of the cards already?
@@KevinYang Not at the moment. I have the discover it and Hilton. Currently 20 yr old, and just gardening my credit at the moment.
@@Jes1919 Tons of time to work through your journey!
Kevin. I heard that if we book flights with points and our flight get cancelled then we loose all our points. So if we book connection flights or multiple destination flights and our first flight gets cancelled, that will make us miss our other flights after and what about all the hotel reservations we alleyway made. Doesn't that mean our whole trip is gone? The airline won't put us on another flight? It doesn't make sense to me why they cancel our flight and wouldn't compensate us. if that's the case then isn't booking on points dangerous?
Unfortunately, I've never had that experience, so I would not know for sure. But here are some thoughts:
- If you had paid cash for multiple flights not on the same itinerary, you also wouldn't get money back for everything else. This would be the same for booking via points
- Booking through *any* third party does have the danger that it would be more complicated going through support via an airline or hotel directly, but this is also true for cash on those sites as well!