How to Climb the Credit Card Ladder Pt 2: Why we Have 13 Credit Cards

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This is how to climb the credit card ladder part 2! Where we further explain our credit card tier system and show you how you can get the best credit card for the tier you are at. We look at starter cards, hotel rewards credit cards, hotel credit cards and two premium credit cards from Chase and American Express.

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[ryanmarinics]

I think it’s important to state that the reason you keep your lower tier cards even after climbing the credit ladder is that closing accounts can hurt your score

[goldblade]

It's just funny that you go into a hotel room, set up the camera, and be like... alright, EVERYBODY OUT! We're gonna come in the room again!

[damnjustassignmeone]

Makes sense to me. Tier 1 = step 1. That's where you begin...

[sunnykhoja]

15 cards here for 1 person. As long as I get rewarded there is no set number of cards you can have.

[eraph]

I went straight from 2 student cards to the CSR just by waiting a few years. Just fyi so people know you don't have to farm cards to climb.

[johntran]

I love tier 3 hotel cards. Sign up bonuses, free anniversary nights, small status upgrades

[kofinater]

I have 14 on my own, started on level 2 and never left haha. Cash back bonuses are where its at.

[NikkyElso]

If I'm paying over $400 a year to hold a credit card then it best not be peeling.

[sneakysnickersnoopy]

Lol the comments are hilarious it's like everyone is collecting pokemon cards haha

[rgoubin]

If you are below 5/24 currently. Definitely try for ink chase cards first

Amex will almost certainly approve you regardless
And will likely approve you with just a soft credit pull. Since you have an existing good stable relationship with then

[Fede_uyz]

If you are wondering how long it will take you to go from tier none to tier four, it took me 9 months. Use them a bit, pay them on time and always more than the minimum and most often pay them in full.

I have not run out of my free 1st year on a tier 1 card with 330 usd limit before i got offered (and issued) a tier 4 visa platinum With 1000k limit. I'm going to use full use of concierge to buy tickets to the movie, concerts, make reservations in any and all restaurants.

Addmitedly i'm not in the US, so i get airmiles only and no travel/uber credit (wish i did)

[bitTorrenter]

I use 3 cards. Here in the UK.
1) Amex Rewards Low Rate (9.9%)
This is for points (with no annual fee).
2) MBNA Everyday Visa (7.44%)
This card is no longer offered but
charges no fees and has one flat rate.
3) Lloyds Platinum Mastercard (5.70%)
This card has the lowest rate and
sometimes has BT deals (6 months
with reduced interest, for example).

[russcanhelp]

If you’re concerned about how long it’ll take to get a tier 4 card. It took me 1 year and 1 month. I got my first credit card (unsecured) Chase freedom unlimited-> 3 months later Chase Sapphire Preferred -> 4 months later Chase Business Preferred -> 6 months later Amex Platinum. Love these videos they taught me how to get 260, 000 in points in my first year of having credit cards.

[nevtube]

Great video. Thanks for sharing..I now know a little more about what tier level my credit cards are rated in..

[PhuccinAyee]

Cards through casinos I.e. MGM can sometimes provide really good perks as well with very low to no fees. Free hotel rooms, drinks, buffets, cash back, upgrades if you visit their casinos, points & free play etc.

[kennb]

All of my chase cards start peeling just after a few months. I thought it was my wallet but my citi cards are fine & way older.

[ProudMoney]

How many of those cards do you think you actually use on a monthly basis? I understand the rationale behind all of them but at some point you start spreading your purchases too thin if you actively use too many cards, don't you think?

[tiaxi]

I started from Discovery it without any credit history, user friendly and has cash back and cash back match for the first year.

[wreckdiver]

Hilton honors ascend card gets you 125, 000 points

[jusskulldude]

I’ve been in the credit card game for only about 4 months, was lucky to get approved for a gold card for my first, making my other 3 cards easier to approve. Sitting now at a 728 at 4 months.