10/10 on the apple tree illustration. Just phenomenal.

@AskSebby

7 жыл бұрын

MORE ILLUSTRATIONS!

@yourleforanhomegirlrn340

7 жыл бұрын

I really love your vids! They're so educational! I really need your advice. I started working here in the US last year. I started with a Wells Fargo secured credit card because it's located just right across my workplace and it was easy. It's in good standing and I pay it off every month and I've never paid any interest. My credit scores were Experian 663, Transunion 662 and Equifax 662. Then I got the Kohl's Charge Card last month. A week after that, I got the Walmart Credit Card, the TJ Maxx Credit card and the JCPenney Credit Card. Again, all of them are in good standing and I just made 1st payments on all of them. I was never late and I never paid any interest. Now, because of my credit card applications, I ended up with 5 hard inquiries. This resulted my Transunion to dip to 619 and my Equifax to dip to 622. I haven't checked Experian yet. I will be travelling by September and I really want to get a Capital One Platinum Mastercard now because of the $0 foreign transaction fees. Should I wait until next month? Or should I risk getting it now?

@AskSebby

7 жыл бұрын

Probably inquiries and a hit to your average age of accounts. Capital One focuses on subprime so a $620 might be fine, but I would wait a few months for your score to rise again.

@yourleforanhomegirlrn340

7 жыл бұрын

Will do! Thanks!

@k1ngkan0

7 жыл бұрын

Ask Sebby I have a Capital One secured credit card with a $200 limit now my question is would it be better to get another secured credit card to increase my credit limit on credit karma or should I just put the extra money into the first credit card

You are a life saver. I went from a 611 FICO Overall (got the trial to check) to a Credit Karma 752 in a little under a year and a half. I love you man. You won't believe how grateful I am.

@AskSebby

7 жыл бұрын

Glad the videos have been helpful :)

Wow. Now I'm feeling lucky that I'm watching this at 19. What an awesome video.

@tanicwhisper0647

5 жыл бұрын

Tony Same

@Drak976

5 жыл бұрын

Good don't be afraid of credit you'll need it someday. >t. 35 year old guy with little to no credit.

@Nick-wp8qy

5 жыл бұрын

I’m almost 19 and I’m getting my 3rd card. I’ll probably have 5 by next year.

@mcomeslast

5 жыл бұрын

Tony yeah, I wish I would have had this kind of advice when I was that age.

@raidenesp1096

4 жыл бұрын

Any update Tony? How’s your credit score going? Saw your comment is two years old so curious if things have gone well lol.

I've spent the last hour watching this guy and learned things I wish I knew 20 years ago!! However, after an hour of trying to keep up, I had to switch the speed to x.75 which sounds like normal speed!! This guy's knowledge is phenomenal! I never sub - but I will for this guy!! Go Sebby!

@washingtonneves2933

5 жыл бұрын

Engineered Adapters thanks i didnt know i could slow it down or speed it up 👍🏻

@tanicwhisper0647

5 жыл бұрын

I actually put his speed at 1.5x just cause I preferred that he’d speak a little faster.

@roroguapo3

5 жыл бұрын

Oh you never sub? You must be so special. Content creators should be _especially_ grateful for having _you_ as a subscriber.

Very informative! Subscribed.

I am so happy I learned this at a young age and you have been very helpful to me 🙏🏾🙏🏾

Dude, your content is gold. There are barely any youtubers that I actually learn from when it comes to credit card maximization and strategy. Love your methodology and analysis.

Thank you so much for these. I'm just getting into all of this and your channel concept is exactly what I need to understand.

I’ve been using all your tips and my score is going up pretty quickly thanks stebb

I've been going through your videos. very useful thank you!

I’m new I’m only 22 , I believe in you ! I will trust you sebby. Thanks for the great videos I understand them !!!

I love your videos, very smart and complete. I am starting to build my credit and this has helped me immensely.

Your videos are awesome. I'm in the UK. Let me know if you ever do a video on what we offer. Keep up the good work

Shout out to Graham, he sent me! Thank you so much for the advice, it was very clear and concise. I understood everything.

Wow! This was excellent! Excellent explanation. I feel like I'm really understanding this credit card game. The more I learn, the more empowered I feel. Thanks, Sebby.

It’s nothing this man doesn’t know about credit,I salute you bro everybody should subscribe his shows

Your videos are so helpful! 👍

Good info Thanks for sharing.

#AskSebby Thanks for the breakdown. I enjoyed the illustrations. Great use of visuals and online aids. Please keep the visual arts coming.

@AskSebby

7 жыл бұрын

Haha will do :)

you continuously provide great information and put out great content. Keep up the great work Sebastian. I always look forward to your videos and explanations as they are clear and detailed 👌👌

@AskSebby

7 жыл бұрын

Thanks Jacob! :)

Another excellent production from ours truly! I've been waiting for this video since I watched the short-term strategy video. Took you long enough.

@AskSebby

7 жыл бұрын

:)

Thanks Seb!!

Thanks for all the work you put in all your content! 1:30 this part! haha.

Thanks Sebby 👍

Hey Sebby! Love your videos. Do you plan on making any financial videos? Which platform you use to invest and whats your goal for financial freedom. Thanks!

I owe you so much Sebby. I remember watching this when this video when it was pretty much brand new when my credit score was in the low 300’s. Now I’m above 700 for the first time in my life and a big part of that is you, thank you.

The tree animation had me dying. It's a great way to get your point across, but it's also hopelessly silly. Kudos on that one.

Great video , I have a question. You mentioned 3 cards good for the strat. Could you recommend more cards ?

Hey Sebby! I'm a new subscriber and am currently binging all your videos so if you have answered this question in a different video I apologize in advance haha: You mentioned @ 2:25 that "you do want to keep a balance initially"... I opened my first credit card this month (Amex Blue Everyday), made my minimum spend and paid it off same week. Could you elaborate OR point me to a video where I can get more information regarding your above statement? Should I have not paid it off so fast? Thank you! Hope you had a great TG!

can you review Bank Of America Asiana, Air France, and other airline/travel cards thanks

Your videos are so helpful and mind clearing, thanks Sebby!! I just got to the US 3 years ago and had no idea about credit building. Currently have 19 months of credit history, 5 accounts (never late payments), 50% of utilization, carrying balances on AMEX ~6,000, and VISA ~5,000. I'm considering paying off completely both of them due to high interests %, either by 1) opening 2 new credit cards with good length of free APR/BT; or 2) 1 credit card and a loan. My idea is to have good/excellent credit scores within the next ~3 years for a mortgage. What option do you see more convenient at this time? Thanks again!

Thank you😘

hey, i got a credit card to boost my score, how many times can i pay it a month before the due date? and does it helps boost the score?

This is exactly the video/channel I needed. Being a college student that had a hiccup that set me back, I thought I didn't have any options other than just paying my student loans. But thankfully there's hope for my long term focus. When you say to apply for multiple cards from the same issuer on the same day, are you saying secured and unsecured cards?

@AskSebby

7 жыл бұрын

I'm talking about unsecured here but I would just grab either the Discover / Cap One / Citi: www.discover.com/credit-cards/secured/

What about getting bank and credit union loans? Do you have videos about that? I have a 636 fico score, 1 wells Fargo secured card that is 2 years old, and a 1 month old Navy Federal secured card.what should I do to become loan worthy?

Never signed up for a credit one cc!

Life is all about self control and maximizing your time in the most beneficial areas

#AskSebby - do you have the Amex Business Platinum card in addition to the personal? Would love to see a video about how to maximum travel using the Platinum and Business Platinum together. Or if one is better than the other.

@AskSebby

7 жыл бұрын

I actually have the Amex Plat Biz while Mandy has the Amex Plat. On the list is a video comparing the two -- Plat Biz is better ;)

I was looking online and noticed that a lot of people were saying that Credit Karma was often way off from their FICO score. Can you make a video on this please?

I am in the mood for an apple now :)

Hey I have a question. Curious as to how long a derogatory payment affects your score.. I know it’s not good but say you missed payments 3 years ago, but are still with the same creditor, and you have been perfect since then, ..also how many points does a missed payment take off? Need some help thanks .

Hey I was wondering if someone only has a Tax ID number instead of a social security number how would you advise them to go about getting cards that decline them.

Hey! I had a great track record with my credit company and then had an unemployment gap of about six months and racked up unpaid notices from my credit company. Can I recover from this?

I absolutely love your art! :D

Currently 21 with a score of 780. Thanks Sebby

Can I reopen a closed credit card if it was in good standing?

Do you replace an old credit line, such as a student loan, to help with the average age?

Is the blue cash preferred downgradeable to the normal cash one?

Hey Sebby. Great video. Question: I am floating around 4 credit inquiries. I would like to add more to build a more solid credit base. What is the max number of inquiries one should have on their account at a single time? I understand the 5/24 rule by Chase when applying for their cards. My average age is about 2 years. Thanks a ton!

@AskSebby

7 жыл бұрын

No limit. I know people with 20+ inquiries(combining pulls) and are at 30/24 who are still sitting at 750-780. NOT suggesting you do this, since it's extreme, but I wouldn't necessarily be too worried. It just depends on if you're willing to take 2 steps back (for the 3 steps forward).

@iGotGypped

7 жыл бұрын

Ask Sebby OK. Thanks for the info! Keep up the great videos!

Hey Sebastian, could you look at the US Bank Cash+?

@AskSebby

7 жыл бұрын

On the list :)

@D.Anderson

5 жыл бұрын

Love that card it's my main used card.

What do you mean before statement closes? Are you wanting to makesure you pay whatever balance down to 0-9% before the statement is generated? So for example you pay in full every month, but my statement generates on the 8th of every month let's say Janurary 8th. Do you want your balance to be at 0-9% before that statement is made out? So that the Februrary due date is the amount equaling to 0-9% utilization rate?

is the utility using % based on how much u owe when ur statement come? I have one credit card that is due the 19th and another that's due on the 7th so how does that work?

@mindsetwithmarie676

4 жыл бұрын

Yes, the % is based on what is the statement. To pay a portion of your bill before, find out what is your statement closing date and get the balance reduced by that date for it to reflect on the statement.

Would a secured Capital One card be a keeper card/base card? I feel like closing it since I don't get any benefits from it, but as you mentioned, there is no negative value so maybe I should keep it, and also more early cards are better.

@simoncohn-gruenwald8867

5 жыл бұрын

REVIGOR keep it but dont use it. Its only benefit is zero foreign transaction fees (assuming youre talking about the platinum) put something like your netflix or spotify subscription on it, set up auto payment, and dont touch it. Over time, it will help you a ton.

Well, I tried the whole low utilization rate thing to help boost my score and it actually dropped it. I only used 5% on 1 card and 7% on the other overall 2%. So what gives? I thought it's good to report small balances

This maybe totally off subject, but is your credit score linked to your LLC when applying for credit??

👍🏽👌🏽for the 🍎 🌳 pictures!

@AskSebby

7 жыл бұрын

:)

Hi there any advice of how to build credit?

@AskSebby

4 жыл бұрын

Apply for cards and use them responsibly: www.asksebby.com/blog/why-credit-cards-are-one-of-the-best-ways-to-build-credit-history

I'm planning to get a Sapphire Preferred and downgrading it before the end of the first year. Would I loose its bonus Ultimate Points if I transfer it to my Sapphire Reserve ?

@AskSebby

7 жыл бұрын

That's fine.

What kind of credit cards do you recommend me getting? I got my first credit card, Discover it, when I was 18 and I just turned 19 and I applied for Wells Fargo Wise Card (got rejected at first, but was able to repealed it and got approved). Should I wait for another year then apply more or can I apply more now?

@jamalhodges-jackson2058

6 жыл бұрын

JEN-DUNG CHANG apply every 3 to 6 months. Apply for more than one card at once like 2 to 3 max unless you get declined.

Do you see a big difference in your credit karma score than your FICO scores

I have 3 cards and have 745 credit score. so I'm looking for one more with a balance transfer what do you recommend?? I have now is capitol one, Citi bank and discover.. my credit limits are over $12K but only utilize only 20%..

@AskSebby

5 жыл бұрын

Chase Freedom due to 5/24: www.asksebby.com/blog/the-chase-5/24-credit-card-strategy-guide-2018

I hate it when I get rejected, but my short credit history makes it hard for me to get the better cards

Does BOA report to the credit bureaus on your statement due date or is it random???

@Maddpill

7 жыл бұрын

chuo fernando Yes they report every month around the 9th of the month.

Sebby, where do you get your shirts? just curious

@AskSebby

4 жыл бұрын

Ministry of Supply

Hey Sebby, do I really need to use a card once every 5 months even it's a card with AF? I thought this only applies to cards without an AF. Thanks!

@AskSebby

7 жыл бұрын

Your call :) For me, an Amazon balance reload of $0.50 takes like... 1 minute? While I watch KZread? I'll do that vs. risking shutdown... ... even though I'm in California where they technically have to mail me 30 days before shutdown.

@jqueryrocks

7 жыл бұрын

Thank you so much, Sebby, I learned a lot from your videos!

hahah your illustrations bro. Quick Questions, I pay off my balance weekly, good idea or bad idea?

@AskSebby

7 жыл бұрын

Good idea. Just leave a little bit so there's a balance due when the statement closes. It could easily just be $1 or $5. I pay off my cards weekly too, but more as cash flow management.

@ANielsen112

7 жыл бұрын

to be clear, leave a balance on my statement as it closes($1-5) then when due date comes around just pay it off?

@geewiz8253

6 жыл бұрын

Anthony Nielsen Good question. I’m guessing... yes? But don’t know if the next statement is better? Dunno... they all say pay balances off so maybe first option?

@geewiz8253

6 жыл бұрын

Anthony Nielsen Lol. Just saw this was from a year ago! 😂 What did u end up doing then?

Thoughts on applying for the Chase Freedom, Chase AARP, and Chase Slate at the same time (I know about 2/30 with chase, but I have a good relationship with my banker so I hope he can get me through; otherwise my target is just the Freedom and AARP)? I already have the CSR and Freedom Unlimited. The goal would be to upgrade the Chase Slate to the Chase Freedom later on (I think I read that I can't apply for two of the same Chase Cards at the same time).

@AskSebby

6 жыл бұрын

That sounds fine. There's not much advantage of applying in-person though -- your banker doesn't really play a role in terms of credit issuance decisions. They can call reconsideration for you but the process is the same. For me, it feels like a huge waste of time going in-branch for the same thing I can do online.

@Clavicade007

6 жыл бұрын

Oh thanks, for the insight. I didn't realize that. I think I'll just apply online then, the banker I was dealing with seemed to be a bit full of himself anyways. :) Also would you recommend not applying for a card if you currently have a balance on your main card? I always pay in full via auto pay but that hasn't kicked in yet.

@AskSebby

6 жыл бұрын

I would pre-pay the card. If you were applying for 1 card, I would tell you not to worry but given your plan of 2-3, I think pre-paying is the right move. Can you fill out a questionnaire? I want to make sure you're playing 5/24 correctly. Copy paste this in the bottom details section :) www.asksebby.com/free-card-consultation/

@Clavicade007

6 жыл бұрын

Just filled it out.

@AskSebby

6 жыл бұрын

(It's going to be a bit delayed, have a backlog)

which were the hotel cards that you talked about?

@AskSebby

6 жыл бұрын

Chase Marriott, IHG, and Hyatt.

wow your mic sounded so bad here lol

OK so question. Let’s say I have $100 in total available credit. I have two credit cards, $50 each. If I max out one, is my total utilization 50%? Or do I get reported as a high risk user because I maxed one out?? The answer to this would really help me out

@AskSebby

4 жыл бұрын

Yes, high risk. Just pay it down before it posts.

I'm looking to buy a home in about 2 years..Planning on getting a couple new cards in the next few months..will that affect my mortgage rate at all by then?

@AskSebby

6 жыл бұрын

Stop applying for cards 12 months before the mortgage process.

@CoryeP32

6 жыл бұрын

Ask Sebby Thanks, keep up the vids..great info!💯💯

🔥 fire :c

Do you really think the CSR doesn't add value long term and is a card we should downgrade after the first year? I've LOVED my experience with it. Curious as to your reasoning.

@eflo8264

7 жыл бұрын

Steven Guevara I was wondering the same thing. It seems like a better deal than the Amex Platinum because the $300 yearly credit can be used for any travel expense, and not a preselected airline. Also, every time I've had to call the CSR line, I get a live agent right away

@AskSebby

7 жыл бұрын

For clarity, I'm keeping my CSR long-term. I make the CSR comment for the people who "don't see why anyone would ever pay $450 for a credit card" -- just to illustrate the value.

@AskSebby

7 жыл бұрын

I'm keeping it. Just wanted to show some people how you can get outsized value (and then downgrade).

So paying off my credit card every month isn’t good? I should leave a balance?

@AskSebby

6 жыл бұрын

You should be paying it off in full. I'm referring to pre-paying it. i.e., you go out to eat for $20.50. You immediately pay off $20.49 that night (instead of the whole $20.50). If you still don't get it, I would keep watching more videos or read the post that explains it in clear detail.

At 4:08 you mention not following this method if you're applying for a mortgage in the next 5 years. Why 5 years if hard inquiries fall off after 2?

@AskSebby

6 жыл бұрын

By soon, I meant 6-12 months. Inquiries stop affecting your credit score after 12 months.

@simoncohn-gruenwald8867

5 жыл бұрын

Your average age of credit will be less in the short term (a few years)

Is it good or bad to over pay. Have extra credit on a credit card. Would it raise my credit score to do this?

@AskSebby

7 жыл бұрын

It wouldn't raise your score. You're better off keeping it at 0% or 1% in most cases.

@Ricky07070909

7 жыл бұрын

Thanks for the quick reply. :) I have a card I don't use either in the last 2 years. I'm asking myself if I should close it instead..

@marcussavina2726

6 жыл бұрын

Rick Kardol no, watch the video, he literally says this.

Just to make sure I understand it: say I have a $200 limit, #1 should I spend however much I want and pay it off before the statement period? Or #2 should I try to use only 10% of my card? #3 some people are telling me to keep an open line of credit and carry over a small amount each month (I don’t believe that builds credit though), just want to know how much I should spend out of $200 and when to pay it, before the statement period or end of the month/cycle?

@MaxMikescrool1

5 жыл бұрын

First one is wrong. You want to pay off most of it so that when the statement comes you have a more or less 10% utilization balance. Leave $20 or at least like one dollar

@Sybist

5 жыл бұрын

MaxMikescrool1 thanks for the reply; is there a reason I should leave an open line every month? Is the increase in % I have to pay outweighed by how much it helps my score? Just not sure how it helps

@simoncohn-gruenwald8867

5 жыл бұрын

2 is best for credit building. The rewards on $200/mo cant be worth much and keeping a balance is a horrible idea! It doesnt help at all. Keeping low utilization will allow you to get more cards, and you can spend $200/mo on the card once your credit limit is at $2000. Thinking long term is the best way to go with credit cards.

Wait so if I got approved for a card with a limit of 300 credit, keeping my spending limit low per month and paying in full every month will increase my credit score? Also wouldn’t that make my credit limit on the card low since I’ll be waisting money per month

@darrellbrown8527

5 жыл бұрын

Yes, It would make your credit limit low, but as long as you don't spend more than 30% of the $300 credit limit = no more than $90. You're not really wasting money when you already spend it on gas for transportation.

Can someone please tell me what Sebby says between 10:40 and 10:42 ? The what card? I've replayed it like 20 times.

@xmr323

3 жыл бұрын

Sorry for this late response but I feel the need to answer it. Its the IHG(International Hotel Group I think?) card from Chase that hes referring to.

@jainamehta687

3 жыл бұрын

@@xmr323 Thank you!

Hey sebby! I applied for the chase freedom card and was denied due to a lack of credit history and I had just opened an amazon rewards visa with them in the last week. I called the recon line and they said I would have to show more of a history before I can get approved. Should I further try to get approved through recon or just give up?

@kaylanorberg6375

7 жыл бұрын

Jordan I was planning on applying for that and was worried i might not have a long enough history for a Chase card. how long is ur history? I only have 10 or 11 months.

@jman0291

7 жыл бұрын

mines a little under a year

@AskSebby

7 жыл бұрын

Do you have a bank account with them? I would probably just wait 1-2 months and apply again. It's your first account and I'm guessing you don't have an account with a big $$ with them, so they want to see some history first. Feel free to use our Chase Freedom referral link ;)

@AskSebby

7 жыл бұрын

Kayla, you should be fine.

@jman0291

7 жыл бұрын

Alright, thanks Sebby!

Hi have a question I want to add my daughter who is 17 on my credit cards, my credit score is 820. Capital One $10,000 (4yr) Bank of America $2500(11yrs), $11,000(4yrs) Macy's $5500(10yrs) and 2 other store cards which is 7yrs old but I don't think they report it to your credit for authorize user. Which on should I add her too.

@AskSebby

6 жыл бұрын

Older is better. She would still want an unsecured card personally eventually (some issuers ignore AU based history).

@sandraroberts3433

6 жыл бұрын

Ask Sebby Thanks

Do you really need to keep a $1 balance? Can you just pay in full and get the same benefits?

@AskSebby

6 жыл бұрын

If I don't use the card that month, I just keep it at $0 and don't worry about it. The main benefit of the $1 is to add "on-time payments" -- I've had interesting recon calls with Citi where they were confused how I had >10 cards but no "recent payments for last 2-3 months" since I paid it down to $0 every few days. YMMV and do what makes sense for you.

Can you downgrade the Amex platinum after the first year?

@AskSebby

7 жыл бұрын

There's nothing that it makes sense to downgrade to imo. Green makes no sense. Gold might be a good option with an effective AF of $95, but I'm happier paying an effective AF of $150 for the additional perks (Centurion Lounge since I'm based in SFO, better access to exclusive tickets, etc.)

@gigglesville6909

7 жыл бұрын

Good point! Thank you, Sebby! LOVE YOUR CHANNEL!

The Hyatt card , can I save my hotel stay without using it , if I'm paying $50 dollars annual fee ?

@AskSebby

6 жыл бұрын

It expires every year.

@michaell8957

6 жыл бұрын

Ask Sebby His there any cards out there, you can save your hotel stays and not expire etc?

@AskSebby

6 жыл бұрын

No. The plan is usually getting many of these "keeper" cards and creating trips. Or finding a player 2/3/4 and doing 2/3/4 nights at Hyatt/IHG/etc.

@michaell8957

6 жыл бұрын

Ask Sebby I understood the the 1st and 2nd sentence, just not the last one , meaning of.. finding a player to do 2/3/4 and doing 2/3/4 night at Hyatt/ etc I'm lost lol, thanks for your feedback by the way.

@michaell8957

6 жыл бұрын

Ask Sebby IHG

You should start a paypal and or patreon fren I would give you $1 as soon as I have my 5 cards!

I did a product change from my very first credit card. Does the age of that card get wiped out? PS. This product change happened without getting a credit inquiry done.

@AskSebby

7 жыл бұрын

PC is one of the main strategies to keep your credit history alive. There shouldn't be an inquiry for a PC (for most banks).

@Singhnuhmon00

7 жыл бұрын

Ask Sebby but the age of that changed card account, does it start back to a new account?

@AskSebby

7 жыл бұрын

No. It doesn't matter. It's still the same account to the bureaus. Again, product changes are the method people use to convert unused cards to useful cards, while keeping their credit history (specifically, average age of accounts) alive.

@Singhnuhmon00

7 жыл бұрын

Ask Sebby thank you

My CK score has always been 50-70 less than my FICO score but they use a DIFFERENT FICO sxoring system. They also make money of pushing crappier cards. They are essentially the loan sharks of the credit industry. Credit One anyone?👎 Had more respect for you Seb than to push CK... SMASHED THE LIKE anyway, dude!😉

I don't see why so many people are so antsy about getting inquiries. Let's assume perfect record in everything else but one person has 10 inquiries and the other 1-2, then the person with 10 inquiries can get a max score of 90/100 (A-) vs 97.5/100 so A+. So, unless you *really* want that 800+ score, I don't think it really matter as much as some people make it out to be.

+1 for trees

I would think that anyone speaking favorably about credit karma would have deleted any videos by now...

How can we find out our limit when we have the amex platinum card?

@AskSebby

6 жыл бұрын

Amex Plat does not have a set limit: kzread.info/dash/bejne/iIthyKyvfde4eJs.html

does every time you open a credit card counts as an inquiry?

@AskSebby

7 жыл бұрын

For the most part, yes. Amex sometimes might not do pulls and with other issuers, you can "combine pulls" (i.e., you can apply for 2 Chase cards on the same day, get approved for both, and still only have 1 pull).

My friend has a perfect credit score with one card. He pays it off every month. Simple.

O

I agree with pretty much everything except for the AAoA. If you didn’t apply for a new card in the first place, looking at the example he gave, then you would have your AAoA be 15 years...

This is will never work for rental property investor?

@AskSebby

7 жыл бұрын

This is targeted towards normal people.

The fact that this has less than 100K views...

@AskSebby

4 жыл бұрын

¯\_(ツ)_/¯

Credit karma credit scores are not accurate

jesus. juggling 21 cards for an excellent credit score? lmao better pack those cards into bundles of three, put 18 of them in a safe, and rotate each bundle every six weeks. personally, six cards would be the upper limit of what i can track mentally. tracking more than eight would have to move to spreadsheets, which i am not prepared to commit to at this point

So my FICO went down 20 points because of the following below. I didn't know paying off your cards before the statement closed hurt you. 1) No recent revolving balances Your credit report shows no recent balances on your revolving accounts. Your FICO® Score was hurt because you are not currently demonstrating active revolving credit management.

@AskSebby

7 жыл бұрын

As I mentioned in the video, you should leave a small amount (even $1) so that way a balance is reported and you have an amount to pay.

@MrStronggMusic

6 жыл бұрын

If you watch FICO score videos by David Howe, he mentions how you must have at least one revolving balance and one installment loan paid off 45-55% for the maximum optimized score. He's been able to achieve 850 fico scores across all three bureaus at the same time plus perfect credit karma vantage scores.