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This is out 2020 update to our popular How to Climb the Credit Card Ladder video. In this video we go through Credit Shifu’s tier system, updated for 2020. So moving from cards like the Capital one Platinum in tier one, to the Apple Credit Card and the Chase Freedom in Tier two, to the Sapphire Preferred in Tier three, to the Citi Prestige, Amex platinum etc in tier four, then to the invitation only black cards like the Amex Centurion in tier five.
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47 comments
We became Hyatt Globulists today!…What should we do to optimize benefits?
Cap One Secured is trash. However, it helped me build my credit. I moved on to Discover and Chase since then.
No annual fees for me #tier2
Thanks to @exceptional_tools on lG he fixed my score and helped me with a credit card thanks so much man..
Im going through it right now! im starting off with the discover it secured card cause i was already preapproved! with a 200$ dep and also self lender and credit ones american express then i wanna get to citi doublecash card and chase freedom unlimited anyone think i can?
Thanks soo much for sharing
remake this video for 2021!
Tier 5 is nothing but a flex card
Credit cards are dumb I’m at 798 and don’t have any of the high tears. There’s no point just get a credit increase and you good. Why pay 250$ or more yearly when you credit the only thing that matters lol
If you listen closely. You can hear Dave Ramsey yelling in the background.
Surprisingly, the average Credit Score in the U.S. has increased since the start of the pandemic. One thing that hurt me during 2020, though, was having a store credit card's credit limit reduced from $2,200 to $200 without being notified of that by the issuer. I didn't use the card much and the balance was zero, but guess they just decided it was too risky to allow me to carry such a high limit. I just dropped the card. $200 made it not worth keeping even for future use.
“Amex gold offers 4X on US restaurants worldwide” lol
I want to get a second card…how do I get rid of my first card? Or, should I keep my first card (CapOnePlatinum) and use it rarely just to keep it active?
What is the benefit of cutting a card?
Credit One SUCKS!! They are the worst credit card company on the planet!
I’m currently down bad, my 2 credit one cards are sent to collections , so is my PayPal credit. My 2 capital one cards are owed as well I haven’t made a payment in a couple months. Experian fico score is 492. Went from 700 to 492. Can I still build my credit with a secured card while I still owe ?
Thanks to Jude for connecting me to @Robthin on telegram,I got my cc,fullz,dumps +pin he is such a great guy 👑
Tier 4 🥲 working my way to 5 💪🏼💪🏼
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Yes i have 10 million and watching how to build credit – mypillow guy
The more I look at the whole credit card and fico score system the more it becomes apparent what a scam it is . For instance they don’t create rewards cards out of the goodness of their hearts . They do it because the perceived reward you get for spending money makes you feel good which will encourage you to spend more than you have which helps their retail customers make more money. Seriously 1 to 3 percent rewards is just laughable . Then the whole fico thing you can go from zero to prime credit in less than a year . That does not mean your good with money or that you are ready to pay for a house it just means you played the credit game to boost your fico score . The number that really matters is your net wealth . Having an 800 score at the price of a lot of debt is not worth it .
What tier would you recommend with a higher than 700 credit score for everyday spending but doesn’t fly often but does more driving?
I’m using capital one now I have 730 credit score and I want to switch to Apple
4:32 are you talking in regards to your Fico score or Transunion & Equifax score ?
I feel like I’m in tier 3 rn. I have 750+ credit score and want to move up to tier 4. Im 23 years old and already have a credit spending limit of abt 5000 monthly with BoA. Should I get American Express platinum
Tier 1
Congratulations on getting your new card. Now shred it so you don’t use it.
Good video
Jim Carrey’s son. It made me smile when I saw it. LOL
I was denied for chase freedom card even tho I have an account with them and my score is 700 but I was approved for the capital one platinum card
apple card never got approved even i have 733 score
nice video boss
To everyone who recommended Berry_wire on telgram, thanks fellas . He is such a legit and honest credit card vendor
To everyone who recommended Berry_wire on telgram, thanks fellas . He is such an honest and legit Cc dealer . I got a card with +800 credit balance
This should be called how to become a bigger idiot credit score is a sham
Great look at different credit cards on the market. I do wish you would have touched on the interest rates you can expect with each card tier. Enjoyed the video.
once ive got a higher score to get a new card, do i keep the other credit card accounts active or close the account? even if i didnt use the card at all would it still be good for the score ?
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I've had a secured credit card for last 5 years, since I turned 18. I don't earn a lot of money and I also don't spend a lot of money, so don't think I'll be upgrading anytime soon, even tho I've maintained my credit score very well.
What he didn’t tell you to keep you cards low or you will get denied not everyone can move through the tiers with negative marks on report
You remind me of Jim Carey of Credit Card Education lol.. Thanks for information on Credit Cards
Chase freedom recommended credit score?
I feel that Tier 2 is kind of the sweet spot if you don’t travel even for high income earners because if you have a large income and a good credit score you could get tens of thousands in credit limit with all that cash back
670 to 739 is good credit according to fico 🤔
I’ll stop at my tier 3 Amex card, thank you 😂
alrighty then
Capital One Platinum should be tier 2 by your explanations. It’s definitely worse than the rest you mentioned but it does give you cash back and rewards
confused if amex plat was tier 1?
Very well articulated and educational video. I hang out just in tier 2 although i have a tier 1 credit card i keep putting off canceling. Hoping to get 2% cash back chase card to put bills on next year some time.