Using Credit Cards in 2024? You NEED To Watch This!

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Credit cards may seem simple, but depending on which cards you have or how you use them, they can be costing you your credit score or your money.
There's no doubt that amazing cards like the American Express Platinum and Chase Sapphire Reserve can be very powerful when used right. But they can be doing more harm than good when you're making one of these mistakes!
So in this video, we'll break down the 7* mistakes you need to avoid to ensure you're not in the negative with your credit cards!
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Опубликовано:

10 сен 2024

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Комментарии : 33

@KevinYang Год назад

Which of these mistakes have YOU made? Are there any mistakes or tips I've missed? Let us know below! More favorite cards: kevinyang.info/credit-cards

@Bxr400 Год назад

This is a great information video!!! Worth watching a few times to get all the details. ☺️🤗🤗🤗👍

@SpencerJohnsonOfficial Год назад

Those monthly credits are a really smart way for these lenders to get positive value from customers who have a lot of credit cards to balance. It's inevitable that at some point if you have a bunch of cards, you're gonna have monthly credits that you forget about. This was a super in-depth video Kevin. Great work!

@KevinYang Год назад

Yeah, actually reminds me of store gift cards haha! As much as I hope that trend doesn't continue, feels like it's an easy way for these companies to keep their cards top of mind. Thanks for watching Spencer!

@OfficialChadsMoneyMinutes Год назад

Thanks for this in Kevin it was a great in-depth analysis

@KevinYang Год назад

Thanks for watching and supporting! Any mistake you've been guilty of?

@Genericmember Год назад

Solid advice here thanks for being honest!

@KevinYang Год назад

Thanks Aaron!

@TheRanzar Год назад

Beginners should just aim for no annual fee cards. Most annual fee cards are not worth it, even if you are maximizing the credits.

@KevinYang Год назад

I agree, especially for beginners who aren't looking to jump into the deep end! That and having no AF cards as your oldest cards will help you keep them open with no cost, improving your credit score!

@ChaseYokoyama Год назад

I actually really enjoy paying attention to those recurring credits/benefits. It makes me feel special . So I guess I'm really under the credit card companies spell 😵

@KevinYang Год назад

They're definitely interesting to keep up with, it's like a game sometimes haha

@josephjebara814 Год назад

Great video. I'm a college student and I'm only 18 and I have the discover it secured card and the cap one savor one, probably gonna wait till after college to get the venture x as my next card

@KevinYang Год назад

That's an awesome progression Joseph! Keep it up! What has you most excited about the Venture X?

@zebroxgt7468 Год назад

Hey, I’m the same as you. 18 year-old college student with the same 2 cards, discover secured and the Savorone. My next plan is to get the chase trifecta since that would be great for early player in the credit card game. Currently at 2/24. I’m considering venture x too but for a college student, they would most likely deny you since you don’t have enough credit history and definitely you would need a high income for it. Do you have any plans for your next card?

@MannyCovington Год назад

Definitely important to use the cards the right way to maximize the value you get! But also realizing that mistakes aren’t the end of the world!

@KevinYang Год назад

Yup! As long as you understand what you are and aren't getting from the card, and it still makes sense, that's all that matters!

@JacobsPointsAndProfit Год назад

I feel you on that $50 hotel credit from the Sapphire Preferred. I'll be able to use it, but other hotel booking websites are always cheaper than the Chase portal

@KevinYang Год назад

Yeah it definitely varies! Worth a second check anytime you need to book something tho, just in case!

@MattWelterOfficial Год назад

Absolutely super important to make sure you are using your credits each month, like on the AMEX Gold, with companies making it tougher to use. When calculating effective fee, important to make sure these are purchases that you would have already needed to spend money on anyway. Great video Kevin!

@KevinYang Год назад

For sure! Missing a credit here and there is okay if it still gives enough value! Thanks Matt! What's your favorite credit card credit?

@MattWelterOfficial Год назад

@@KevinYang Maybe unpopular opinion but I actually love the AMEX Gold Credits!

@KevinYang Год назад

@@MattWelterOfficial Haha as a regular Uber user and having those restaurants nearby, I would love them too!

@scottshapiro2795 Год назад

I currently have the Capital One duo and just got the CSR for the intro bonus. I would love to run more cards, but I know I wouldn't be able to keep track of them, so I'd probably lose out in the end, even if I'm leaving money on the table.

@KevinYang Год назад

Exactly, some people just aren't suited for tons and tons of cards (me included), but the options are there for those who are! How are you loving the CSR so far?

@scottshapiro2795 Год назад

I think I'll eventually downgrade into the CSP just to have access to the Chase ecosystem. I like the 1.5x back for travel, but most of the multipliers I already have covered with the cap one duo. And I'm already heavily invested in cap one as I've have the Venture card for years before upgrading to the Venture X.

@KevinYang Год назад

@@scottshapiro2795 Don't forget you would qualify for another Sapphire bonuses 48 months later too! And I agree, having access to the Chase ecosystem is amazing

@clintonhauck7893 Год назад

Hey Kevin, I have the CSR and wife has the CSP. We have primary rental car insurance coverage. My question is, does that only apply to real rental car companies like Hertz, Enterprise, Alamo, etc. Or does it also work on Turo? I'm booking two Turo trips and I need to know if I can decline the insurance that is provided through Turo? Thank you