How Many Credit Cards Do YOU Need? Click „Show More” For Ad Disclosure 💳My Favorite Credit Cards: https://mattwelter.info/favorite-cards
Credit Cards can be a powerful tool that can allow you to earn points that you can use for some travel experiences that you otherwise would never have been able to experience. However, while they can be a tool, when does getting more Credit Cards become too much, and instead is something that gets you into a lot of trouble?
Well in this video, I am going to discuss realistically the Perfect Number of Credit Cards that you ACTUALLY Need, I’ll debunk some common misconceptions about Credit Cards, and finally, I’ll discuss the Optimal Credit Card Journey that I think everybody should take.
To use myself as an example, I have 11 Credit Cards at age 23, and a lot of people would think that because of that I was being irresponsible. However, the way that I have positioned my Credit Card Setup is going to allow me to have a stabilized high Credit Score. The reason for this is because I make on-time payments 100% of the time, and I also keep my Credit Utilization low, which are the two most important factors in your Credit Score. Additionally, out of the 11 Credit Cards that I have, the vast majority either don’t have an annual fee, or they are annual fee Cards that I either plan to keep open or have a specific downgrade path to a No Annual Fee Credit Card. Watch the video, to see how many Credit Cards YOU Need!
Learn More:
💳Chase Sapphire Preferred: https://mattwelter.info/sapphire-preferred
💳American Express Gold: https://mattwelter.info/amex-gold
💳Capital One Venture X: https://mattwelter.info/venturex
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Thank you all so much, I appreciate each of you!
-Matt
Videos I recommend:
📹The ONLY 7 Credit Cards You NEED For 2024:
https://www.youtube.com/watch?v=KJOLGAD_jzQ
https://www.youtube.com/watch?v=POsvMlbyhnY
https://www.youtube.com/watch?v=NHNvmU20KAQ&t=848s
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TIMESTAMPS:
0:00-0:28 How Many Credit Cards Do You Need?
0:28-3:31 My Credit Card Journey & Credit Score Breakdown
3:31-4:38 Why My Credit Card Setup Works Well
4:38-7:19 What is the Perfect Number of Credit Cards?
7:19-7:56 My PERFECT Number of Credit Cards
7:56-8:44 The Optimal Credit Card Journey
Advertiser Disclaimer:
This video may contain links through which we are 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.
Matt Welter is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as MileValue.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more.
Any offer that is presented in this video, is subject to change, and is simply the offer I found when recording this video. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.
Please keep in mind that this video is for entertainment purposes only & is not to be used for financial advice. Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.