The Credit Building Debit Card - Extra Debit Card Review

Meet the credit building debit card: the Extra Debit Card.

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#extradebit #credit #creditbuiling

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DISCLAIMER:
This video is for entertainment purposes only. I am not a legal or financial expert or have any authority to give legal or financial advice. While all the information in this video is believed to be accurate at the time of its recording, realize this channel and its author make no express warranty as to the completeness or accuracy, nor can it accept responsibility for errors appearing in this video.

[Tom-cncm]

They charge a subscription fee because they don't sell your data. Alternatives to Extra don't charge money, but they are mining your data and selling it to the highest bidder.

[kiyosenl.]

Extra seems like a good option for people who are unsure if they are responsible enough to pay off a credit card every month and not overspend, as well as being great for people who still want to use their debit card, cause you can use this instead and build credit with it

[samuraiska]

My credit is horrid. Fell from grace co signing for my parents and siblings and slowly trying to rebuild. I never had a credit card but got approved for a Secured.
I was 14k in Debt. But disputing, payment arrangements and pay offs. I'm down to 2100 left to go as of 12/2/21.
From 456 to 517 today, looking to get past 650.

FIRST time on your channel and seeing your videos.
Instantly Subscribed half way through.
You're very informative, intelligent and well spoken.
Thank you so much for the explanations.

I am going to watch more of your videos.
I really need to get back afloat being a single father. I'll need it in the long run. Your information is much appreciated Naam

[jordansAndroid]

I can confirm that this does in fact report a $1500.00 redit line with a small utilization amount! It started reporting less then 30 days later on my updated monthly credit report!

[pubghup]

At 34 years old I finally feel ready to settle down long enough to buy a house. Unfortunately due to previous horrible stupid life decisions, I'm forced to start with a zero balance in my savings account. On the bright side, the huge amount of debt - consequence of those bad decisions will be payed off next month! 🥳 It's never too late to start saving like there's no tomorrow, and I'm really REALLY excited and motivated. Oh and Graham, fyi my emergency fund is also a done deal! by This name below team lol, i didn't made it myself

[enisberkozturk]

I have 2 chapter 13’s that are dismissed. The reason I have 2 is bcz I did n+ot use an attorney. I was trying to stop an eviction, but when I went to try to add another month’s rent to the bankruptcy, but the guy filed another one. About a month later, I ended up losing my job. They are scheduled to fall off in January and March 2021. Since I’m looking to purchase a home soon but still there. I am currently enrolled in This name below and I must say, I am loving it thus far. I’m doubling it up with your podcast videos and learning A LOT! Thank you. I’m ready to join the millionaire club!!!

[j.monica]

Watched a few videos about extra card and yours by far has been more detailed and answered questions i had in a simple way so thanks

[enesbatur-eskivideolar]

VERY well done ! I say this with 40+ years in mortgage finance & banking working with credit bureaus. Different models and parameters are used by different industries but this name below info is pretty much universal. If you're trying to max your credit scores, there is a happy medium between too many credit cards and none. Too many cards with zero balnce may actually hurt you in some cases. Even if you do not use them, you have a potential. To always pay cash & still have cards doesn't help your scores as well

[kirkbrownell]

Due to covid and job loss my credit score tanked to 460ish. I got an extra account and my score shot up to 550- 570 (diferent agencies) within a month. Going to look into the other options you mentioned as well on my road to credit recovery.

[dareal_kennysan]

Hell yeah brother!!! Another Marine Corps Veteran.

[pbjsamwich]

I can’t believe I’m just now discovering your channel. I also can’t believe you don’t have more subscribers. Just the way I like my videos, straight to the point with facts! This video was a big help: I turned 21 recently and my credit score collapsed after a payment went to collection. I’m hoping with a little advice and hard work, I can save some cash and fix my credit to get a new car in time for Christmas!

[LIG]

You didn't mention that as of now, Extra does not report to TransUnion...only Experian and Equifax but they are apparently in talks with TransUnion now.

[dilldoesstuff]

Love the video, great info. I do want to mention on the Chime Credit Builder card there is one more thing. First thing is you have the Chime acct. (as you mentioned) But secondly you also have to receive direct deposit from your employer.

[mrsmooth]

I went through the rates. It looks like it’s cheaper to pay the yearly fee than monthly. Monthly fee is 20 or 25 dollars a month depending on the plan and the yearly fee is 200 or 180 for the year.

[LokiDWolf]

I appreciate this video! I was looking at Extra recently and was just about to sign up. But, I saw there was a monthly fee. And though it's not much I don't want to get dinged for forgetting to pay yet something else and hurt my credit. I'm high 600's and trying to get to that 800 mark!

Yet, with Chime it seemed I would have to jump through a few hoops. And with Tomo, if they're looking at my account and spending habits, would it be worth it? Not as if I'm sitting on 10k but not at 0 either. I don't know. Seems a little overwhelming. Still, I'll check out Chime more. I'd rather have something helping than nothing at all.

[pe]

Thanks for the in depth information. I got $5k limit on Tomo. Just waiting on the card now. Will only be using for gas to help rebuild my credit!

[blesseddionnek]

With the chime card though, you MUST have a direct deposit in order to get the chime credit card.

[akgrevestars]

Yeah I've just been using capital one secured credit card. Scores gone up like 20 points. I'm glad I watched this video because I almost got the "extra" card. But now I know... Thanks !!!

[matthewblichasz]

Thank you Naam this video is extremely helpful for me . And I appreciate your insight / effort for making this video very much

[NBABIGANT]

Extra is literally a safety net and if you using debit this wouldn't be a bad option without worrying about your utilization going up and dropping your credit if you ain't responsible to stay in that 10 to 15%.... honestly people who established good credit I don't see them needing this but as a 1st credit debit thing they have going on it wouldn't be bad