Most people dont understand the game. I've quit explaining it to a lot of people and I dont tell my girlfriend about new cards anymore because she just rolls her eyes.

@Bit85

5 жыл бұрын

@@kmb6916 to be fair shes good with money, but doesent trust herself with more than 1 card. I'm gonna try and at least get her to grab a sapphire card.

@Bit85

5 жыл бұрын

@@kmb6916 haha, I love it. I've got all the cards I've got all the cards I'd want her to get planned out as well 😂 always optimising... 🙄

@alexchavez5580

5 жыл бұрын

I feel you man.

@RAMAYTV

5 жыл бұрын

champstar9669 lmao! Women.... 😭

@tanicwhisper0647

5 жыл бұрын

Sad

Hey Sebby, have you considered releasing a black v-neck t-shirt clothing line? I'm not even joking! I've supported Credit Shifu by buying one of his wallets. I'd be up to buy a t-shirt from you to support your channel as well. Maybe if this gets a decent amount of likes Sebby will feel the overwhelming pressure to make it happen. Happy Holidays, btw.

Preach it! Until a few months ago, I was just using one card (Costco Visa) until my friend dragged into getting an Amex Platinum. My life has changed since then. All my daily expenses are enough to cover minimum spends and I’ve already racked up 130k points! Haters can hate...but I’ll be enjoying a trip to Barcelona for free 😂

@AskSebby

5 жыл бұрын

Sounds like a good trip :)

That Plastiq with Visa/Amex was awesome. The game changes too much with paths closing more often than not. Remember to have a strong keeper card foundation guys.

Sebby is the kind of guy who calculates if a girl gives him positive expected value

@highlybless1

2 жыл бұрын

Lol lol 😆 🤣 😂

@bawells80

2 жыл бұрын

Lmao

I am totally the same way at the buffet. I always tell my wife and kids, "High ticket items only!!" :)

Nice vid as always, Sebby. My mom's had 20 cards over 20 years and a near perfect score, and by 19 or 20 y/o I had 5 cards and same score. My friend and her IT director bf always remind me how we're killing our scores by keeping cards we don't use but never heard of the utilization ratio and high key they don't want to believe it.

@mitchell.9632

2 жыл бұрын

Do you have a FICO credit score on any statements (example: Discover)? Or there online sites that show it too.

You only need to write a letter of explanation for any credit inquiries on your credit report before going through the mortgage process. If you opened a new account, you will have to document it. After you have made application for the mortgage, you should not apply for any credit at all. Not until you get the keys in your hands.

I agree with the point made about choosing things that provide value in life :)

Hi, I’m just starting out my credit building journey. I really like your vids. do you have a recommended order of vids to watch for just starting out, thanks LJ

I just have 3, but I live in the UK where most people don't have more than 5 since reward cards are few and far in between. It's mainly just rewards cards for supermarkets and high street stores but you need to spend a lot. I plan on getting one more next year for travel

I can back your data. I help my parents apply for lots of cards, over 20 per person. It's a long game re avg life of accounts but everyone I manage has a FICO score of 830. Getting lots more cards has been a major factor.

please make a video on the ability to transfer Capital one savor cash to venture miles. People don't even discuss this. It's kind of like a combo similar to chase.

Here is another tip that i invented. Im server at fine dining restaurant. Every time when customer pays with cash and says no change i just go and swipe my CSP and get free points. Doesn't happen every day but still some extra points.

@Jimbikk

5 жыл бұрын

@Saith Figueroa No they dont know. . They don't care. As long as they have payment they are ok.

I'm working on my personal and business credit.... I just got 2 checking and savings accounts.. Plus 3 secured cards

Just have to play it smart. I've strategically opened 9 cards since July (many of them biz cards) and my score has roughly stayed the same. Just gotta take sniper shots. Be smart.

Whenever I go to buffets I make sure to eat at least three servings of prime rib.

@idkwhyiam9440

5 жыл бұрын

and miss out on the chicken nuggets?

@Alumnikiid

5 жыл бұрын

Which is also why i stoped ordering soft drinks and just ask for free water. The soda is used to fill you up, so I just ask for water to help me swallow the lobster, and steak tips

YO Sebby! Your the man!!!!

I have issues in the past with my credit but now I have learned the game; I have over 10 credit cards; it’s about discipline I started paying off most of them and asked for more credit line I used them for gas or tolls, my credit score boosted I’m near 700 credit score I want to get 800 to get the lower mortgage apr

That's my rationale for not waiting around two years because of the 5/24 rule. I'm already way above it and American Express along with some other banks really are handing out bonus after bonus. if I wait two years for 5/24 to get back into more Chase cards then who knows how much I will actually lose out on or what will even be available in the future.

The rent thing is so trivial but people still don’t get it. I signed up for the CSP as a med student. 4K in three months, just charged my apt. I paid a little in fees, but the bonus and CB pretty much made it worthwhile for 100k points. It still goes over people heads.

I just got my fourth credit card. A Citi double cash. Don't really care abou the benefits it lost as the Chase freedom and venture one card make up for the losses. The double cashback ayet no annual fee is great

perhaps a video on what to expect with the next recession with credit card rules. maybe you were around that long? I wasn't and kinda curious what happens

@AskSebby

5 жыл бұрын

Usually higher bonuses and more lax, but that's hard to predict :)

@roxcyn

5 жыл бұрын

They became petty Patricia. Some of them reduced my CL to $100. [Mind you I was never late and never had a bad ding on my credit]. Some people's accounts got closed or their limits severely reduced.

Sebby when thinking about his player two: She adds the requisite expected value to my life.

Hey sebby, I applied for citi doublecash, and got rejected! I’m waiting to get a mail explaining why. But I have over 750 credit score and haven’t done anything unusual credit activity.

So question... how are you paying for rent with you credit card? Money orders normally used for rent require cash right? I’ve been turned down several times trying to pay with both my Amex Gold Card and Chase Reserve...

@philliptsang6370

5 жыл бұрын

maybe he's using Plastiq

@kofinater

5 жыл бұрын

He said he was using plastiq or his property management portal. I rented a place in college where we could pay rent online with cards.

@falco6428

5 жыл бұрын

I can pay my rent with a credit card as well. But there is a fee with that that is around 3 1/2 % so I don't use a credit card to pay rent unless I am working on a sign up bonus or a bonus to earn a loatload of points.

@roboto1914

5 жыл бұрын

Oh okay, I’ll look that up! I thought he meant “plastic” as in his credit card LOL thanks everyone!

@cleb.2465

5 жыл бұрын

you can’t use Plastiq, any check issued doesn’t qualify towards minimum spend to earn rewards

Hey Sebby, you and I think awfully alike. I went to a Brazilian Steak House today and I cleaned up Lol

@AskSebby

5 жыл бұрын

I always have to tell people to avoid the cheese bread lol

@washingtonneves2933

5 жыл бұрын

Ask Sebby the cheese bread is one of those things you cant just have one 🙂

@AskSebby

5 жыл бұрын

kzread.info/dash/bejne/Z2GVrbuPkpu3gZM.html

Hitting minimum spends requires more strategy if one lives in an area with a lower cost-of-living. Average rent where I live is $1130, so that alone won't cut it for most premium cards, especially the Sapphires or Amex Gold/Platinum. You gotta gin up more ingredients to make that pot 🍲 (my *Florida* is showing). I used groceries, cellphone, rent, internet, utilities, my 6 month insurance premium, prepaid most of my annual timeshare maintenance dues, gas, regular shopping, my storage unit bill, and $400 in gift cards to clear the hurdle on my Sapphire Preferred. It required that much yoga because I save/invest heavily, so there's not a lot of discretionary spending to leverage aside from necessities. As Sebby says, YMMV. Do what works for you. I plan on getting a house in a few years, and once I'm no longer a renter, I won't have a major source of minimum spend anymore. Now's the time to get the Sapphires, Platinums, and Hyatts. Sebby: the word you were looking for at 4:33 is "strike while the iron is hot" - as in metalworking. 😃

@AskSebby

3 жыл бұрын

Thanks for sharing Jameel. Agreed that there's definitely more planning for lower CoL cities. Daycare, tuition, etc. are also good choices (if you have kids).

I would only pay one month at a time of student loans on credit cards, even if the interest is lower. There are many more options for deferment or reduced payments, if you run into financial trouble, or cancellation if you become disabled, by using the federal government student loans.

@stevenroshni1228

5 жыл бұрын

Or if you are one that concerns yourself about your estate, if you happen to pass away your federal student loans are cancelled, where as credit card companies can still collect.

Great content as always! But please drop the zoom in/out, too annoying on the eyes, you can maybe put b-roll stock photo or footage to cover the cuts. Honestly I don't mind jump cuts, it's the information that counts.

@AskSebby

5 жыл бұрын

Sorry about that! Some people mentioned that it was annoying that I was teleporting around the screen (Philip DeFranco style) so I was tested the zoom thing (MKBHD style). I'm personally not a fan of the stock photos style (unless it's very relevant -- travel?) so I probably won't do that one.

How many credit inquires do you currently have? I have 4 within the last 24 months including the Charles Schwab checking account, which pulled my credit and also have 3 from new credit cards.

@AskSebby

5 жыл бұрын

Inquiries stop affecting you after 12 months and drop off after 24 months. Inquiries are pretty spread out, so look pretty reasonable (~10 range).

Hey Sebby if you have a good credit score but start to get denied from "too many recent inquiries" or "too many new accounts", how long do you typically wait before you can apply again?

@AskSebby

5 жыл бұрын

Take a break for 6 months. Many issuers have "6 inquiries in 6 months" rules. Or just go to Amex (very lax).

Why is it so HARD to get the freedom card? Applied in person at a Chase branch today and got the 7 - 10 days wait period, the same notice I got from the last two times I applied, pretty sure it’s a no again. Ugh, I’m done with Chase!

@AskSebby

5 жыл бұрын

Chase 5/24? Is your oldest card >12 months old? It's mostly knowing the rules and playing by them and you should be fine.

@kwfown

5 жыл бұрын

@@AskSebby No, I'm at 4/24 or 3/24 at the moment, I upgraded an AMEX Gold to Plat, applied and received Hyatt (July), CSR (Sept), and AMEX Gold (re-launch). My utilization is towards to higher end, especially with Chase (approx 15%), that might be one of the reasons. The other is probably not enough history with Chase, been with AMEX for 10 years now. I'm just baffled at how fast I was able to get the CSR compared to how difficult to get the Freedom card.

@AskSebby

5 жыл бұрын

Call recon and ask to move $1,500 over from your CSR to get the Freedom open. It might be risk / credit limit exposure as well: www.asksebby.com/blog/what-to-do-if-you-get-rejected-for-a-chase-credit-card

@HLSD123

5 жыл бұрын

I think you Financial balance price too high .make sure credit card balance $0

Have 12 cards and credit score of 830 give or take 10 points from time to time.

How many credit cards do you have

What other credit cards do you recommend to use with plastiq (that doesn’t have any annual fees) since plastiq charges 2.5% and would yield in a positive return? I have the citi double cash, and I’m still at a loss 2-2.5=-0.5 if I was to use it. *I’m not interested in traveling/lodging bonus/rewards.

@AskSebby

5 жыл бұрын

Plastiq is mostly a signup bonus game. I would look into "get $150 back for spending $500" bonuses. = $150 / $500 = 30% return on spend vs. the 2.5% you're paying

I think I’m at a standstill for the time being. My credit score is 740, I’ve opened 20+ accounts over the past year to build a large based of good cards since watching your channel. Most of my cards are from Amex and other larger banks with rewards, except I skipped Chase and will have to wait 24 mths to apply for the Sapphire. Although my credit utilization is low, I do carry balances on 0% Interest cards to establish payment history with a new account (for example Discover). But due to my recent number of applications and new accounts opening, I can’t really do anything at this time. I did notice that the hit from the inquiries to my credit score wasn’t impacted very much but it has affected my overall approval status due to having opened so many accounts. Is there anything else I can be doing besides just waiting 2 years to clear my inquiries and new accounts? I’m hoping by that time the inquiries fall off and my credit utilization goes to 0% my credit score will jump to 800.

@AskSebby

5 жыл бұрын

It sounds like you're in gardening mode for a bit.

@lacourse47

5 жыл бұрын

Ask Sebby do you have a video on gardening mode ?

Hey Sebby any cards that you can make car payments?

@AskSebby

5 жыл бұрын

Visa/MC/Discover should be fine.

Hey, thank you for the great tips. I have 7.5 year of credit with only 2 cards and want to open a new card but scared. What you think?

Hi Sebby! Any idea of how to waive anual fee?

@AskSebby

5 жыл бұрын

MLA/SCRA? Otherwise it's about expected value. I don't mind paying $10,000 for annual fees to get $30,000 to $40,000 in travel (YMMV obviously).

OFF TOPIC SEBBY !!!!! But what would be your best advice for someone JUST starting, trying to build credit. 1.) credit score is 584; per credit sesame 2.) has 3 things in collections for a total of $1700 3.) student loan of 50K; but on time with payments 4.) has NO credit cards -secured card ?

@rogeliouriostegui2790

5 жыл бұрын

Secured card.. Asap

@MaseratiHolly

5 жыл бұрын

what if u can’t afford to put $200 towards a secured card ? that is her issue too ! she ended up getting approved with cap 1 car tho. CL of $300.

@MaseratiHolly

5 жыл бұрын

card*

@rogeliouriostegui2790

5 жыл бұрын

Awesome just go from there. Thaths how I started. Actually a secured credit card with my own 500

@MaseratiHolly

5 жыл бұрын

thank you !!!!!

How can I get many credit cards? I have one capital one one credit one card and one first premier but I want more all my cards are zero balance i try and get more and don't get approved any suggestions if like a total of twenty cards

@AskSebby

5 жыл бұрын

You have to let things age as well. Oldest card ideally 1 year old and there's an optimal strategy to maximize points.

Hello i have a Credit One Bank $700 limit, but i have a Discover student $1,200 limit, Amex Magnet $1000, and Capital One Platinium of $300. Instore credit cards i have Kays Jew and Samsung. Now that all my cards are shown i want it to ask do you think i should cancel my credit one credit card, because im tired of all the fees, as well im about to go 2 years with the card and im not sure if i should wait until i hit 2 years or cancel it already

@Pennys1

5 жыл бұрын

I wouldn't cancel them because it'll lower your credit age and thats like 35% of your credit score

@Arcangelmxd

5 жыл бұрын

@@Pennys1 alrighty thanks tho

@rogeliouriostegui2790

5 жыл бұрын

I think you should with all fees

Yup in the student loan situation. Try to keep telling my parents that if I wait a couple months I get much more money than whatever interest would have been accrued by getting a new card. Juggling cash between bank account bonuses and minimum spends means I'm not always paying my loans as fast as possible but simple math tells me I end up well ahead of interest with close to 0 risk. Only wish I knew about it in college haha, was in the club situation you described. I ran a club where we would buy a ton of stuff online and fly out multiple people every spring. Could have hit some minimum spends easy.

Hey Sebby Question, Discover has a 5% cash back Grocery coming up, how do I maximize the cash back? Can I like buy American Express Debit Card 3000 dollar and it costs 5.88. So I earn 150-5.88=144.12 every time I buy a 3000 dollar Gift card. If so is there any way to liquate that gift card if I use this strategy?

@AskSebby

5 жыл бұрын

kzread.info/dash/bejne/n42g1NeEm9yamLw.html I usually recommend categories you spend money already (i.e., buying a xyz gift card since you go to xyz anyways).

So If I want to get new credits cards and I already have 8-10 inquires on my credit report for this year should I wait until they get taken out after 24 months or does it matter?

@kingddj

3 жыл бұрын

If you playing the long term game then I'd go on ahead and get the card. It'll take your average credit history down but over the long run it'll recover as your youngest credit account ages therefore raising your average account history over time. Basically taking the hit now is better than taking the hit later down the road. You don't want to come off desperate for credit though. If the inquires on your credit report are from different card companies then I suggest waiting till the inquires are off your credit then apply, it increases your chances of getting the cards. Keep in mind if you trying to get a chase card they do have a 5/24 rule...hope this helps you make a decision a bit but it's always good to seek several different opinions

@kingddj

3 жыл бұрын

@Jordan Vazquez

This question doesn’t pertain to the video but it’s related to the field. Do physical Delta gift cards in $50 intervals incur the Amex airline incidental credit? I made sure to check Delta as my airline, and it’s been two days since the charges posted and I haven’t gotten a statement credit or a change to the airline dial under “benefits”. I haven’t found anything answering this on DOC, flyertalk, TPG, and other forums (only confirmed answers were for e-gift cards) and I just wanted to ask. Thanks.

@AskSebby

5 жыл бұрын

It should still be fine. I would wait 4-7 days from purchase. Most people do eGC due to no shipping fees.

@ezioaltairac

5 жыл бұрын

Ask Sebby Thanks, I appreciate it Sebby. I’ll give AMEX a call in a few days if my statement doesn’t update. I’ll say it was for baggage fees, even though I’m sure they fully know of this exploit. Actually, Delta had UPS 2nd-Day Air at no shipping cost for physical cards; you would only have to pay for expedited shipping.

@AskSebby

5 жыл бұрын

I wouldn't call them. More eyes on your account usually isn't a good thing.

@armandol1826

5 жыл бұрын

ezioaltairac don’t call. In the terms and conditions, gift cards are not included, so you’d be screwed telling them that.

@ezioaltairac

5 жыл бұрын

Hugo Lizardi I’m aware of that. I’ve heard of/read that people with the same issue call and say the charge was for a true incidental fee and got the statement credit. I’m just going to leave it be for a while atm.

chanel platium 😉

Move to Los Angeles! We'd be lucky to have you!

Hello, Chase recently closed one of my card accounts due to non use. Is this a bad thing? Should I be putting a small charge on all my still existing cards that I no longer use every once in a while? Also, can the Chase United card and/or Chase Southwest card be downgraded to the Chase Freedom card?

@SlickReviews

5 жыл бұрын

Kevin Brink yes. Use a card once every few months to keep it alive. Call and see if they'll re-open it.

@SlickReviews

5 жыл бұрын

And no, chase you have to stay within the product line.

@AskSebby

5 жыл бұрын

Chase product change rules: www.asksebby.com/blog/chase-product-change-rules-2018 Keeping cards active: www.asksebby.com/blog/how-often-should-you-use-your-credit-cards-to-keep-them-active

@idkwhyiam9440

5 жыл бұрын

how long did you go w/o using card before closing?

@kabrink64

5 жыл бұрын

@@idkwhyiam9440 honestly I don't know. And, I mis-stated, it was a Citi card.

yes!!!!

Do you ever get denied applications?

@AskSebby

5 жыл бұрын

I actively avoid issuers I know I won't get accepted for (i.e., Capital One, Chase due to 5/24, etc.) Otherwise, not really? It's mostly knowing the rules and playing by the rules.

Have many credit card accounts do you have in total?

i love DENVER !!! great city

Whats your non bonus spend credit card?

@AskSebby

5 жыл бұрын

Minimum spend.

@SlickReviews

5 жыл бұрын

You gotta run outta cards at some point though

@AskSebby

5 жыл бұрын

At that end point, probably Delta for the MQD waiver? It really depends. Also, just for fun: kzread.info/dash/bejne/eWZtrLOqqdXepaw.html

Your philosophy makes sense to me. Also, I do consulting work for people that struggle with colloquialisms, old sayings, and outdated phrases. For instance; taking advantage of something current is "Striking while the iron is hot". If you're wrestling with something difficult it's "Like trying to stick a noodle up a wildcat's butt". If you think someone is exaggerating then you may have "Heard a duck fart underwater before". That sort of thing. I'd be happy to help you out. Hilarious watching you power though those things though.

@AskSebby

5 жыл бұрын

It's mostly a function of improvising videos when I start with 2-3 bullet points in my head.

@michaelmclaughlin105

5 жыл бұрын

Well, all I can say is that it works. Love the channel. So much great info.

Woah what card will give me a 30% spend return?

@AskSebby

5 жыл бұрын

Cash back (small scale) = tons of $150 for $500 spend offers = 30% ROS Travel = CSP bonus easily $1,200 towards travel (i.e., transfer to Hyatt) / $4,000 spend = 30% ROS

$4000 for a 2 bedroom?? I live in New York and my mortgage on my house is almost half that.

@AskSebby

5 жыл бұрын

twitter.com/zck/status/1075574377851150336

@wreckdiver61

5 жыл бұрын

Ask Sebby I didn’t say I didn’t believe you, it’s just crazy that it’s that much. I was in L.A. last year and the price of houses is insane

@AskSebby

5 жыл бұрын

San Francisco, specifically, has a lot of "NIMBY" issues.

can you pay student loans with credit cards ?

@AskSebby

5 жыл бұрын

Plastiq is probably the easiest way.

@MaseratiHolly

5 жыл бұрын

thank u

Please get a t-shirt that says "Only if it makes sense".

@AskSebby

5 жыл бұрын

"YMMV"

@washingtonneves2933

5 жыл бұрын

Ask Sebby whats that stand for???

@james-p

5 жыл бұрын

@@AskSebby And, "Positive Expected Value!" lol

@AskSebby

5 жыл бұрын

Your Mileage May Vary.

#NoRice!

asians, especially Chinese are never reckless with money haha well, I take that back, when it comes to gambling then maybe....

@philliptsang6370

5 жыл бұрын

I don't gamble though :)

@loganleray6694

5 жыл бұрын

I agree I’m Asian good with money but I do have my occasional roulette streaks

I have 16 cards lol

Hey, is there any easy way to delete the inquiry? PLLEEASSER HELP!

@AskSebby

5 жыл бұрын

If someone fraudulently applied for something, report it.

@gangdanny303

5 жыл бұрын

Ask Sebby you mean disputing through three credit bureaus?

@BillzTTND

5 жыл бұрын

@@gangdanny303 Yes but only in the case of fraud. If the account is found to be valid the info usually comes back.

I know this is old but I gotta ask... you do at least eat some rice when you aren’t paying to get full right? Rice is still good at home lol

Because there’s no place for a one trick pony in an artificial intelligence age

@AskSebby

5 жыл бұрын

All you can really do is adapt to the game as it changes. Play the best game based off the current rules.

I pay everything cash I have no paper trail I can’t be tracked

Second