Hey Sasha Great video! Question on Money transfer. I was reading the T's & C's of a Virgin Money 0% p.a 12 month balance / money transfer. Excluding the 4% fee. Does the monthly rate / simple rate / effective rate apply within this 12 month period?

Nice😁

Very useful tips thanks

@SashaYanshin

2 жыл бұрын

Thanks Kevin!

Hi Sasha I have been stoozing very heavily and I am always trying to take out as many 0% cards as possible and invest all the funds into indexes. I have recently paid off a card as the offer was expiring, this has left me with 57% credit utilization which is still fairly high. I am trying to improve my choice of new cards, would you close the card and reduce the risk for a credit lender or would you keep the card open so my credit utilization is lower. (purchase cards work better for me as I am able to ''withdraw'' the funds fee free and I dont have any 0% fee balance transfer offers available) thanks

Hi Sasha great video. I can’t remember where you gave a tip about getting 2 credit cards at one go. One through maybe Experian and the other direct from a credit card provider? Could you clarify this. Thanks a lot

@SashaYanshin

2 жыл бұрын

I think I might have made some minor comments that not all credit cards always report to all credit reference agencies so you might find that if you get one card, it's possible that the data won't go into one of the bureaus.

Hey Sasha, would you be able to make a video on cards that allow(use of points) free airplane use and access to lounges?

I want a combination of cards/loans AND shares so we can borrow with 0 interest and buy shares ;)

Thanks

@SashaYanshin

2 жыл бұрын

👍

Hi could you please do a video on Fineco Bank trading platform? Thank you

Using the money transfer method. Once the first 16 months or no interest is over and you decide to balance transfer. Would you close the account (money transfer) card or keep it open. Keeping it open would be useless since you don’t get the benefit of 0% interest anymore and the high APR.

I have a question. I applied for a credit card but now I’m seeing stuff that says not spending that much on it is acc worse. I wouldn’t be spending loads on it at all. Like there would be some months I probably wouldn’t spend at all. Would this negatively effect my credit score

@SashaYanshin

2 жыл бұрын

Check my recent video called "Best Time To Spend On Your Credit Card" - a whole video on that very topic! :)

Sasha, if I withdraw money from credit card with revolut Is it mean that I take cash and will pay fee? Or it’s safe to do ?

@SashaYanshin

2 жыл бұрын

It should do - depends on the credit card providers how they actually treat it though

I guess it's a balance of money saved interest payment vs hit on credit score whether it's the opening of new credit accounts, likelihood of being above 30% utilisation and *arghh*... money transfer red flag!

Hey Sasha, I have been a victim of identity theft. Someone took a card in my name and used up about £8000 this year. That brought my experian score from 986 to 530 within few months. Could you please make a video on how to avoid this and also the process and speed at which banks investigate identity theft.

@SashaYanshin

2 жыл бұрын

Not an easy one but you need to make sure you file appropriate complaints with the company in question AND contact all the credit reference agencies too (you may need to file for a police reference number). Not an easy or quick process - good luck with getting it sorted!

@sugun6875

2 жыл бұрын

Thanks Sasha. I did report everywhere needed. The police and credit agencies need the bank to investigate before they can take any action. But there is no transparency in the bank's investigation or any clarity on the timeliness.

@SashaYanshin

2 жыл бұрын

@@sugun6875 File a formal complaint with the bank - that at least has fixed timescales in which they have to respond in writing. Any bank that doesn’t get this sort of thing resolved as soon as practically possible is a piece of dog poop and deserves calling out. Then you can go to Ombudsman and the authorities 👍

Interesting, is it possible to borrow and use your ISA as a collateral in the UK. Quick google do not return anything.

@SashaYanshin

2 жыл бұрын

You mean a secured loan against an ISA? No - not something you’ll be able to do.

@paulf3353

2 жыл бұрын

@@SashaYanshin Yes, exactly, either ISA or any other trading account type. That's a shame.

Hey Sasha, I prefer credit card and saving money topics instead of stocks and shares )))

@SashaYanshin

2 жыл бұрын

Thanks Tamas! The problem is there aren’t that many other people that do so I have to balance it!

@mr.kalagh9879

2 жыл бұрын

@@SashaYanshin yes I like more credit cards, loans information and rebuilding credit score videos after CCJ and defaults. Thanks 😊

The CC I’ve seen with a 0% purchase rate always include some sort of clause which states a balance transfer has to be made in a set amount of time before receiving this promotion offer? And ideas why

@SashaYanshin

8 ай бұрын

Usually the promotional rate is for transfers made in the first 1/3 months after taking the card - it's a promotional rate valid when you first get the card.

@imranquinn2070

8 ай бұрын

@@SashaYanshin so the 0% purchase rate is there In place no matter what and as a offer they will also give me 0% of balance transfers if I want to, it’s not needed?

Hi could you do a video on premium bonds thanks

@SashaYanshin

2 жыл бұрын

What about Premium Bonds? They are a very peculiar thing where the benefit is very low but popularity for whatever reason is very high

@benvairy2797

2 жыл бұрын

@@SashaYanshin thanks for info, I’ve just inherited some

Hi Sasha. Here is a way to get a cheap money transfer: I have one card that does balance and money transfers, but only at their standard rate which is 19.29% APR. My second card does 18-month balance transfers at 0% APR with a 2.4% fee up front, but no money transfers. So I can 1) use the first card to transfer money to my bank and 2) immediately pay off the first card with a balance transfer from the second card at 0% APR. Of course, I will pay a few days interest on the money transfer from the first card as there is no interest-free period. However, this won't be much. What do you think?

@SashaYanshin

2 жыл бұрын

I have a feeling your first money transfer will come with a fat 4%/5% fee and the BT will add another 3% which begins not looking like that great a deal when you add them up.

@globalwanderer360

2 жыл бұрын

@@SashaYanshin nope, I corrected the interest rates in my first message (slight errors). Here is what is written on 1) Halifax Clarity Mastercard "Money transfer 19.29% p.a. (your variable standard effective rate) with a 0% fee. 2) Nationwide Select Visa: "Balance Transfer: Interest rate: 0.0% APR (for 18 months) Transfer fee: 2.40% of each balance transferred (minimum £5.00). Standard interest on my Nationwide card is 19.9%. I probably won't do it though, because I have that balance transfer offer with Nationwide until January 2022, and I currently don't need any extra credit. I can do screenshots but can't post them here.

How high is the typical limit on a purchase card?

@SashaYanshin

2 жыл бұрын

It varies A LOT based on which card you'll get - can be just over £1k but can be over £10k depending on your circumstances and the provider.

@jemelchellal2375

2 жыл бұрын

@@SashaYanshin thank you!

You still bullish on pltr ?

@SashaYanshin

2 жыл бұрын

Yep

@lowspeed2000

2 жыл бұрын

@@SashaYanshin What's your portfolio share of pltr if you don't mind me asking..

@SashaYanshin

2 жыл бұрын

@@lowspeed2000 In my top 5 stocks but nowhere near the Tesla position 👍