I talked about getting more and more credit cards because my credit score is really high. I was just wondering how many credit cards I can get in a short time. Within the short time span of about four months, I applied for six additional credit cards and got approved for all of them. So far, I’m holding about twenty credit cards with two more coming in the mail as well as six new credit card applications.
For some reason, my TransUnion Vantage 3.0 score is still at eight hundred twenty. Normally, it hovers around eight hundred thirty-five and in a TransUnion report. It is not the vantage, score showing 835. Still, it has not really dropped by even a few points. It stayed at 835 for the past six months, during which I did apply for six additional cards. I’m getting more and more inquiries.
However, it seems like I am having so many other credit cards. To begin with, it really makes it so that my applying for more is not really affecting my credit score much. Then, how is this useful for you? If you have a really high credit score as well, and you have about a dozen credit cards, you don’t have to be so scared of getting more and more credit cards. You can just monitor it and get more and more mainly for the signup bonuses in order to turn to whatnot.
Now I do have to mention that I’m not showing these credit cards just to show I’m really wealthy. In fact, there’s so much critic limit on these credit cards that if I spent it, I’ll be immediately broke. I cannot afford to spend this credit card limit. Most of it is actually zero here. Because after I spend the signup bonuses and whatnot and I get the bonus, I’m not putting thousands of dollars on each and every card mice.
For the two thousand every month relief, it is dispersed all over these cards mainly for whichever one has the highest cash back bonus. If you’re interested in supporting this channel and getting some of these cards at the same time, you can refer to the video description below and check out the Chase Freedom Card.
If you get it, you may get a hundred fifty dollars of cash back. If you spend five hundred dollars in three months, it is really good. Another one of these is the Discover card. For every single purchase, even if it’s a pack of gum, you may get a $50 cashback bonus. I’m going to get $50 bonus. Provided I buy a pair of sneakers, I can get $50 off the Discover Card.
I recommend for beginners who are just starting out their credit history, in which they have a low credit score, you need to get this card first because they tend to have a lower credit score requirement. However, for the freedom, it requires something slightly higher, which needs excellent credit score like 720 and above to obtain as much guarantee as you would get from that card.
You might be interested in which of these six cards I got and what kind of bonuses I’m getting. I got an American Express Gold Card. For each $2,000 consumed by you, you get 50,000 points, which is equivalent to $500 worth of gift card or you can spend it in other ways.
I got a Capital One spark card. As a business card, it requires one to spend $ 4,500 on it. After that, you get about $500 cash back. On top of that, you get the $90cash back from the 4500, because it’s a 2% card. In total, you spend 4500 to get five hundred ninety dollars back. I got the Bank of America Merrill plus card, where I spent three thousand dollars and get fifty thousand points to redeem for flights.
It’s equivalent to a thousand dollars worth of flight, so you bet I’m going to use this in the coming year to do whatever with it. I might do a little traveling, and I’ll make a video wherever I’m going.
The next card is Citibank AAA Advantage Card, where you spend $3,000 and get 50,000 miles. I’m not too sure as to what it is equivalent to. But it’s 50,000 miles, which sounds like a lot more than $500 worth. With Barclay A viable card, we get 50,000 miles as well for every $3,000 consumed. Then, I got the BBVA Compass clear points card, which allows me to get $100 back after spending $1,500.
How do you get all these cards and meet the spend requirements, because you have to meet them within three months. I’m not really spending my own money. Instead, I am using the plastic service, as shown in the referral link. This service allows you to take your credit card and pay a 2.5% fee to pay whatever you want, such as your mortgage or your rent.
In total, these six cards add up to about seventeen thousand dollars of spending requirements. I’m not really going to take this money to blow it off on whatever products. I am taking it to prepay into my mortgage. I’m about to pay more into it.
A credit card has a lot of advantages. If you know how to use these points, you’re going to get a value of about four thousand one hundred dollars. Spending it not as wisely, it might be about two or three thousand. It is good though. Even if it’s two thousand dollars that you get from spending seventeen thousand dollars, you’re only paying into your mortgage, which means I’m not really burning it up.
It’s just converting cash that I have that I would put into mortgage. It means converting cash I have on hand into equity in my home. If you’re interested in this plastic service, check out my referral link in the video description below, where you can get $500 of fee transfers. It means you can go and get this freedom card and get this plastic service, which is free. Then, you can use this plastics service, pay your rent or mortgage of five hundred dollars without having to pay a fee at all.
You can grab your hundred fifty dollars of cash back from freedom. I am aware that not everyone is going to have a really high credit score, get all these credit cards and all these benefits. The point is that once you attain it, I just wanted to show everyone that I can get many credit cards and still not have my credit score affected much and I’m still going to keep on doing this.
I’m going to see how I can get it, and I’m just going to keep on doing this. Once I realize that maybe my credit score is dipping too much, I’m going to stop it, make Credit Card Application Rampage another video and share what my experience is, how many credit cards it takes to bring down the 835 credit score.
If you fail any of the referral links, you can check out my audible link down in the video description as well. My patreon is provided for you. Thanks for your careful reading.