Brad HartI help 7-8 figure entrepreneurs scale faster with AI, masterminds, and results-driven systems | Founder of Optimus & Repurposefully

How to open a Credit Card #creditcard #howto #money #teachme #learningbusiness #business

Name: How to open a Credit Card #creditcard #howto #money #teachme #learningbusiness #business
Uploaded: 2022-11-30T21:08:51+00:00
Duration: 45 s
Channel: Brad Hart
Description: Brad Hart walks through opening a secured credit card with Discover, starting with a $200 deposit that you get back after a year. Set up automatic…

30 Nov 2022 · 1 min

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0:45

Brad Hart walks through opening a secured credit card with Discover, starting with a $200 deposit that you get back after a year. Set up automatic payments and keep your balance under 10% of your limit to build credit from scratch.

Questions this video answers

Discover it secured card

$200

About 10% or less

After a year

2022-11-30T21:08:51Z

Chapters

If you've never opened a credit card, I've got you. We're going to start you off with a secured card. Why? Because the way a secured card works is you put down a deposit and then you can spend that amount of the deposit. So it's very similar to a debit card, but you can still build credit with a secured card. Step one go over to Discover.com and look for the Discover it credit card, especially if you have no credit history. Step 2 Fill out all the information and pick what color card you want. Step 3 Open the account at a $200 minimum deposit. Step 4 Turn on automatic payments to your card so that's paid off every single month. Step 5 SP. Spend 10% or less of the amount that you're allowed to charge on that card. And what this does is it lowers your credit utilization, which helps you skyrocket your credit score. And after a year, you'll get your deposit back and you'll be on your way to building an amazing credit score. Follow me for more great money tips.