I'm putting this in my filing cabinet for future activation. Currently managing my first couple of credit cards and actually building a credit history. Interesting all the same to know what's out here and I'm glad I came across your channel.

@SashaYanshin

3 жыл бұрын

Thanks! :) Good luck with your credit building!

Great minds think alike!! Always good to highlight 0% Money Transfer cards too. Particularly useful now for those stuck in expensive overdrafts.

@SashaYanshin

3 жыл бұрын

Too true Andy! :)

nose si soy la unica escribiendo en español. pero me da igual. primero, muchas gracias por hacer este video y explicarlo muy bien. lo entendi (porque tiene subtitulos). es algo que estaba buscando mucho tiempo y tenia muchas dudas. yo recein estoy comenzando en el mundo de las tarjetas de credito, y no sabia la ultima parte de tranferir el dinero de la tarjeta de credito a mi cuenta corriente. me sirve mucho esta explicacion porque quiero empezar mi negocio aqui en UK. bueno eso es todo, te ganaste una subcritora, tiene mi apoyo. exitos

Sasha. I just want to say Thank you soo much. You have just opened my eyes to two opportunities in this video, one (option 4) getting me out of Overdraft Debt with high interests. Thank you so much. You are doing God's Work

@SashaYanshin

3 жыл бұрын

Glad you found it useful! 😃

Loving the content. Keep up the good work.

@SashaYanshin

3 жыл бұрын

Thank you!

Super helpful video, thank you so much! I never fully understood the hype around Avios and I'm an avid traveler outside of pandemic times

@SashaYanshin

3 жыл бұрын

I still have a tonne of them lying around!

Very useful, thank you and keep up the good work 🙏

@SashaYanshin

3 жыл бұрын

Thanks Alex!

I know what you mean about Avios being tricky to book with! Have way more saved now we haven't been able to go on holiday for such a long time. Great video! Thank you !

@SashaYanshin

3 жыл бұрын

Always amuses me when people sing praises of cards that have incredibly cumbersome ways of actually accessing the money that you are supposedly earning!

We need a 2022 Strategy video😊 lots of change since and would be great from yourself!

Awesome thank you

Great vid thank you

@SashaYanshin

3 жыл бұрын

Thanks Kevin!

Amazing information, thank you

@SashaYanshin

2 жыл бұрын

👍

1k views in a day!! You're smashing it :)

@SashaYanshin

3 жыл бұрын

Last few videos are definitely doing a bit better :) I'm not looking forward to the inevitable drop back down coming up! And a long long way to go until I get anywhere remotely close to your level Emma! 😁

I had to watch your video 3 times and made notes as well just to apprehend properly the content Thanks for educating us Sasha

@SashaYanshin

3 жыл бұрын

Thank you Tamas! 👍 Now I know that everyone else only watches 20 seconds with you propping up the average!

@Andromedaxterr

3 жыл бұрын

@@SashaYanshin you would be surprised how many people have no idea about these strategies )))) Including me 😄😉😁

As usual your videos are absolutely brilliant and I'm looking forward to watching the rest of them. I've only started to get my head around credit and credit cards so these type of videos are really useful for me. A few months ago I rented a mobile phone with O2 and pay something like 20 or £30 per month, on my credit report it shows up as a loan off around 7 or 800 pounds that I am currently paying on time and it seems to be helping my credit score. I have recently been accepted for a Lloyds cash back reward card and a Halifax balance transfer credit card both with 900 limit and was wondering if i should use that credit line to pay off the loan and if that would help my credit score?. would I be using too much of the available credit? I'm not in any rush to pay off the loan I was just trying to increase my credit score. Sorry if this is a confusing question as I mentioned I'm new to the credit game any advice would be much appreciated.

Hey Sasha your video's are super helpful and easy to understand even for a foreigner. Thanks bro. I have followed some of your strategy and now I have to pay back the balance cards. My question is if I repay the balance cards can I reuse it again with 0 % Apr or it doesn't work this way and I have to close the account?

Liked commented watched video in full because its Sasha

@SashaYanshin

3 жыл бұрын

Thanks Jag! :D Really need to make my videos shorter in 2021 - I just keep on talking and they all become 20 minutes long!

Great video again Sasha as always. I recently did a money transfer from my Marbles card offering 3% fee for 9 months. I paid off a high interest loan and saved a tone of money. But from the beginning of this month Marbles have reduced the offer to 3% for only 6 months.

@SashaYanshin

3 жыл бұрын

Some decent deals out there although those do need a pretty decent credit history to qualify.

Got myself an MBNA 0% money transfer card last month and transferred 1k of the credit limit to my current account. Have 18 months 0% interest, I invested the money into my Freetrade account and already have made a decent profit on my investments. Will pay off a set amount every month now to slowly pay off the balance within the 18 months. Just wanted to thank you for your very helpful content. 🙂

Good video thanks Sasha. The point which caught my attention was the money transfer CC and if used correctly can be a cost effective move, nice. I think it’s also worth pointing out to folks, some loans, if let to run their course might also include cash back benefits on completion.

@SashaYanshin

3 жыл бұрын

Thank you Oliver. Some loans do offer a small little perk at the end but they are rare and the perks are typically so small that it's only worth it if you are super close to the end of your term (in which case the money transfer is probably not worth it anyway).

@oliverloquens

3 жыл бұрын

Yep. Ditto, I am one of these rare customers with a perk at the end, it’s all semantics really 🙂 but certainly always worth keeping eyes open for these deals. Ps I always thought you sat next to a window...mind blown when I realised those were just lights, haha. 😳😮 Have a great day 🙂

@SashaYanshin

3 жыл бұрын

@@oliverloquens Haha. Even if I was sat next to a window, the filming does sometimes happen way way too late for there to be any benefit + it would definitely not be enough light in any case :D

Great content, Sasha! I've already got 3 credit cards but now I'm only using the Amex one for the cashback, do I need to close the other two credit cards since I hardly use them? Is it going to harm my credit score by closing them or should I leave them open? Looking forward to hearing from you.

@SashaYanshin

3 жыл бұрын

3 is not a huge number and if you close one it probably won't make a huge amount of difference either way. Even closing both won't - it's not like the US where things like oldest account matter in any meaningful way. So very much up to you on what you want to do with them. The one minor benefit might be if they report to a bureau that American Express does not. I cannot off the top of my head remember if Amex reports to all 3 or not.

Great video. I have a question.. I once over paid on my CC account. Example.. i pay regularly in full but one day i paid about 300 extra by accident so even though my limit was 1.5k on my account i had 1.8K on the card. Was there any benefit in doing this?

Hi there, watching you for a while, doing great, thank you for the videos.Please lets talk about stock markets and shares, so you can increase the viewers.

@SashaYanshin

3 жыл бұрын

Got to vary it up a bit Aykut! The majority of my videos are already about investing and there may just be more of those over the next few months!

Hey Sasha I love your videos man could you explain about a credit card consolidation not a lot of people know about, I’m sure you have some info :D capital one uk have that service. Keep up the good work

@SashaYanshin

3 жыл бұрын

It’s not really much of a thing. I presume you just mean the option of transferring your balances from other credit cards over - I made a few videos about that early on.

@MKTEKGURU93

3 жыл бұрын

@@SashaYanshin kind of Sasha it’s like say you have one limit of 600 and another 400 with the same company capital ones call it’s consolidation, it could be a transfer LOL. :)

I only really found out about all these strategies 5-6 years ago. Prior to that I did'nt have a clue. My only wish was videos like yours were avilable about 10 years ago. I use another strategy too these days, although perhaps not suited for everyone. I use my HSBC Rewards card to top up my Revolut account. There's no fee or charge like some cards. This allows me to get 0.20% which is a pittance, but obviously depends on the amount I'm topping up by.

@SashaYanshin

3 жыл бұрын

Sounds like a loophole that will be closed at some point. Funding any kind of money account with a credit card should and usually does get treated as a cash withdrawal so even if it for whatever reason works now, I still wouldn't make it a mainstay of a strategy.

@sidkings

3 жыл бұрын

@@SashaYanshin I shall keep at it until they start charging.

AMEX cashback CC changes the rate now. You needs to cost at least £10000 to break even with the everyday cashback one. Or to say at least £834 every month.

as a advanced user of credit cards for what must be coming upto 25 years there was little for me to gain from your video however I did get a couple of little tips from it, an your others, actually theres so much more to learn but no one really covers it for UK except Martin Lewis and you are just getting started , it has got harder compared to pre 2009 but still very useful to know an implement a good credit card strategy as done right the financial savings can be huge

@SashaYanshin

3 жыл бұрын

Thank you - really appreciate it and hopefully there will be more little value snippets over time even for those that do know a lot coming from the other side of the divide :)

@russ023

3 жыл бұрын

@@SashaYanshin Sounds great :) I give you little nugget , section 75 with amex is extremely slow wait times of around a year maybe more, an in the end my purchase they decided not to so cant be relied on. Another one the amex chargecard is less interest free days than the credit card. An some of the other credit cards out there have less than 50 interest free days 56 interest free days is the target. Theres at least 2 lenders that always have good 0% deals on offer even for existing customers, hope this helps although you may probably know all this already.

@SashaYanshin

3 жыл бұрын

@@russ023 :) Thanks - yeah, I've worked in the industry for long enough and am aware. Think I mention all of these in some of my videos although the existing customer 0% deals are never as good as the market leading 0% deals for new customers in my experience no matter who the provider is. That Section 75 issue sounds pretty poor - there is a way to escalate it though as it's something that is not an optional item for credit cards so if you feel you were not treated right that may be an avenue to follow.

@russ023

3 жыл бұрын

​@@SashaYanshin Sure, new credit card deals can be a bit cheaper yet may cost a credit search an can lower your score, having a couple of cards retained which are 'cheap' 0% (an i know they all add a fee) yet consistantly offered to you as a existing customer can be useful an yeah you may end up paying a extra 0.5% for the year or 18months due to a slightly higher fee but in my opinion once you 'taken' all the new deals an you want to keep a high score an minimise number of new searches then using a 'kept' card can be useful for example when you going to be doing mortgage application in near future. Tips on section 75 are welcome. The slowness is a new issue with Amex on s75 claims. The one that got refused was a new TV brought from a dept store faulty from day 1 shop pushed problem onto manufacturer so manufacturer tried to fix yet design is flawed section 75 claim with amex did not sort it sadly. Theres another that is with a mainstream credit card I have around £5k of building goods & property services that were never supplied the supplier folded the plan on that one is a section 75 I understand theres no time limit for putting claim through for that? Card company sent the form around the time of the purchases after initiating a section 75 over the phone with them, just not sent signed form back to them complete but plan to later this year.The purchases were actually done several years back.

First time applicant been offered £3k at 0% for the first 17 months and then 21. 9% Apr after 17 months. Can I use credit card to pay mortgage like they do in the USA I been watching some KZread videos on it? I want to search for a better interest rate on a comparison site but tried my bank first as recommended due to qualifying easier with a provider who knows your banking activity.

I know it's a good idea to pay off your credit card in full every month without incurring interest payments so there's no negative affect on your credit score so, if you get a money transfer card or just a 0% spending card and just pay the minimum off each month (but obviously pay it off at the end) will this affect your credit score in the same way as a normal credit card where your having to pay interest each month? Or is it just the fact that having to pay the interest that affects your credit score? Thanks your help Sasha.

@SashaYanshin

3 жыл бұрын

Carrying a balance will have the same sort of impact whether or not it incurs interest. In fact the bureau data doesn't really share specifics on what your balance is made up of in terms of interest amounts, etc. So yes - if you load up with a big money transfer, it will impact credit and affordability if you were to apply for other types of credit and can be material if, for example, you apply for a mortgage.

@1qualitybacon

3 жыл бұрын

@@SashaYanshin Thanks as always very helpful

Deffo need a red blue and green cup.

@SashaYanshin

3 жыл бұрын

Bright orange is where it’s at!

To get the most out of the Avios points, look to book 355 days before the desired travel date 👌🏼✈️

@SashaYanshin

3 жыл бұрын

Yeah - I know that but I never book my travel a year in advance - just too many things going on to make those kinds of plans hence why I hardly ever use them!

Hey Sasha, what do you think about Lanistar?

@SashaYanshin

3 жыл бұрын

Looks like just another one of the same kind of aggregation cards like Curve. Not seeing a great deal of new interesting stuff and not yet authorised by the FCA.

Would you ever consider getting a money transfer card, taking the balance, putting it in a low risk index tracker for the duration of the 0% term? Assuming you can afford to loose the money. It has to be a risk worth taking?

@SashaYanshin

3 жыл бұрын

It's a possibility, but I don't like the risk of the market having a crash and then as a result not being able to refinance that 0% deal and having to cough up the difference. There are much better tools and products out there for using real financial leverage for that sort of thing :)

Don't forget that you can refer friends or family to apply for the same card... In return for doing this, you both get a small reward. I think it's £25pp cashback at the mo 🤔

@SashaYanshin

3 жыл бұрын

Yep - good point! :))

what is the best card for money transfer? thanks for the great video

@SashaYanshin

3 жыл бұрын

It changes all the time. The best way (just my personal opinion) is to just use the big comparison websites to get a soft check-based eligibility and then go from there.

@TM-vg4mx

3 жыл бұрын

@@SashaYanshin thank you

what is best, having a loan for say 3% or money transfer with fees 3%? thanks

@SashaYanshin

3 жыл бұрын

Really depends on the specifics. In terms of price only, if you have a money transfer for over 12 months and repay at the same rate as the loan, it will effectively cost you less. But of course there is the risk in the credit card not having a fixed repayment schedule AND the potential risk of not being able to shift the balance when the 0% runs out that needs to be considered.

@TM-vg4mx

3 жыл бұрын

@@SashaYanshin thanks

Sure, let's go with newday. It's a good way to understand that time is money and that whatever perceived perk they may offer will just evaporate when you'll need to be on the phone with them to understand why the cashback has not been credited, a DD was not properly setup, or a payment did not go through. I understand you need to create content, still... Newday? Meh.

@SashaYanshin

3 жыл бұрын

Was not in any way swayed by the company in that case - simply went with almost the only remaining survivor for the non-Amex product.

@bufordmaddogtannen

3 жыл бұрын

@@SashaYanshin that's understandable and I know you have no bias towards them. It's just that nothing is really free... 😁

Sasha hi can I earn cashback on mortgage payments through credit card?

@SashaYanshin

3 жыл бұрын

No mortgage provider will let you pay with a credit card.

@alexanderneretin2044

3 жыл бұрын

@@SashaYanshin thank you very much. And what about council tax, water bills, etc.?

@SashaYanshin

3 жыл бұрын

@@alexanderneretin2044 Some of them will let you and yeah - you could probably get cashback on those if you have the right card.

I’m sorry Sasha, but credit cards aren’t worth it, morally should you even be promoting them to people? Tell me how do credit card companies exist? Because enough people have to pay late interest fees which are usually huge. You should be teaching people to use a debit card and invest whatever spare change they have into a vanguard account or perhaps a riskier play such as crypto. This is how you build wealth - you don’t become wealthy off credit cards; they are pretty much a scam. ‘The right credit card’ there’s no such thing 😂 Otherwise the company wouldn’t exist. Debt is wrong, and credit cards create debt. Then you talk about building a credit score - why should someone make a score to allow them to get into debt? The whole thing is a complete scam. Pay your bills with the money you earn, not with a cc company that will make you pay it back with crazy interest. You seem like an intelligent guy so it bothers me why you would promote this sir...

@SashaYanshin

3 жыл бұрын

Hey Jack - I agree and disagree with your point at the same time :) Only just saw this - KZread flagged it as spam so I had to go and manually approve it. I even have a whole video about the negative side of credit cards called The Ugly Truth About Credit Cards so I definitely cover both sides. However, used right credit cards can give a lot of advantages and I disagree with a black and white statement that all credit and all debt is bad. In fact, used smartly, debt is the most powerful tool to get to wealth through financial leverage but that’s a topic for another day. To answer a couple of your major points: 1. Not all credit card companies profit exclusively through people paying a tonne of fees, etc - eg Amex where the primary business model is built on interchange. 2. The vast majority of credit card companies’ revenues comes from interest, not penalty fees. Actually penalty fees are a pretty small percentage of overall revenue. I do agree that interest is not great either but just to clarify. 3. Credit cards and good credit scores can make a huge difference to people’s lives: 1. Section 75 protection 2. Fraud prevention 3. Access to products where credit is required (eg mobile phone contracts) 4. Ability to buy a property with a cheap mortgage instead of renting until you’re 60. 5. Ability to get a load of perks, cashback and rewards as per this video. Anyway - I made a few videos where I go through all the benefits. If you don’t like the idea of credit cards that’s up to you and I am not forcing you to use them. But the truth is that there are many noticeable and significant advantages IF USED RIGHT which do need to be acknowledged.