The 4 BEST Credit Cards For Beginners In 2024 (No Annual Fees)

Other Sign Up Bonus Offers:

Resources:

🎥 Relevant YouTube Videos 🎥

⏰ Timestamps ⏰
00:00 Intro
00:27 Before Applying
02:53 Card #1
05:25 Card #2
07:09 Card #3
08:43 Card #4

📝 What are the 5 main factors that affect your credit score?
1. Payment History: Whether you pay your bills on time.
2. Credit Utilization: How much of your available credit you're using.
3. Length of Credit History: How long your credit accounts have been open.
4. New Credit: How many new credit accounts you've recently opened.
5. Credit Mix: The variety of credit types you have (credit cards, loans, etc.).

What is a secured credit card?
A secured credit card is a type of credit card that requires you to make a cash deposit upfront. This deposit acts as collateral and typically serves as your credit limit. For example, if you deposit $300, your credit limit will likely be $300. Secured credit cards are usually designed for people who are building or rebuilding their credit. By using the card responsibly and making on-time payments, you can improve your credit score over time and eventually get an unsecured card.

What is credit piggybacking?
Credit piggybacking is when someone with a good credit history adds another person, usually someone with poor or no credit, as an authorized user on their credit card account. The person being added doesn't need to use the card or even have access to it. Instead, they benefit from the positive credit history of the main cardholder, which can help improve their own credit score. It’s a way for people to build or boost their credit quickly by "piggybacking" on someone else's established credit.

🔔 Don't forget to subscribe with notifications on and hit that like button!

Advertiser Disclosure:
This video may contain links through which I am compensated when you click on or are approved for offers. The information in this video was not provided by any of the companies mentioned and has not been reviewed, approved, or otherwise endorsed by any of these entities. The content on this page is accurate as of the posting date and some of the offers mentioned may have expired.

Disclaimer: This content is for entertainment only and does not constitute legal, tax, or financial advice. It is for general informational purposes. The presenter is not a licensed professional. Viewers should consult their attorney, accountant, or financial advisor for advice on specific legal, tax, or financial issues.

[DannySully]

Do you have or plan to get any of these credit cards? - Enjoy!

Don't forget to use code "DANNYSULLY20" to get 20% off your first purchase using the link below!

[volkswagen]

Amex Blue Cash Everyday does not code as grocery at Target or Walmart and will not get 3% back.