Here is exactly how you can get multiple credit cards with only ONE hard Inquiry. Included are the steps you need to follow in order to learn how to do this yourself and also great tips to learn from. Also, there are common mistakes you need to avoid doing in order to benefit from this credit card hack.
This is hack involving American Express and how they treat customers which they determine have a low risk profile. In short, if you are NOT seen as risky, then you will have the benefit of having all of your next cards with only a soft pull, after you get your initial card with them. That’s right, no hard pulls.
Why does this matter in the first place. Well as we all know, when we get hit with hard inquiries our credit score actually drops as we are seen by the credit bureaus as „credit seeking”. Thus, our risk profile increases and our credit score drops. So by only using a soft pull, we can completely avoid all of this.
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Chapters:
0:00 Intro
0:38 Quick Explanation Of The Hack
1:39 Important Note For Chase 5/24 Rule
2:17 Step 1: First Card + Rules
4:12 Step 2: Next Cards
4:56 Why Your First Card Needs To Be A Personal Card
5:52 Business Credit Tip
6:35 1st Mistake To Avoid
7:22 2nd Mistake To Avoid
7:48 3rd Mistake To Avoid
8:52 Final Mistake To Avoid
9:46 Your Mileage May Vary
10:10 Summary
10:53 Outro
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Disclaimer: I am not a financial advisor. Jacob Kustra does not provide tax, legal or accounting advice. This material has been prepared for entertainment purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.
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#credit #creditcards #americanexpress #credithacks