CLIs.. most banks have been good to me. My FICO hovers in the upper 700s.. Banks that have been stingy: CapOne & Chase. I have a $13k CL with Capone.. seems they wont increase my line unless I go above 70% util on their card. Chase said too many accounts and available credit.. justified but this wont allow me to increase my CL with them. Chase gave me only $4k. I have 5+ other banks with CLs of 20k+.
I had a hard time with age as a discriminating factor. Am in mid 40's now, but till 3 years ago, paid cash for everything, and had no credit history. Was a little tough starting out. Had to get secured cards, then once unsecured, it took a while to get big jumps in credit increases, even with my salary. I have never filed bankruptcy. Now I get big increases on most cards. Not getting any cards till passing 40 years old has hurt
3X CLI! Excellent video Mr Barton! I will be a grandfather soon so I called Chase yesterday for a CLI since my daughter is due in March and is an authorized user on my freedom unlimited card. I was initially DENIED (I just got a CLI in August 2023, 3.3k to 6.6k.) but I asked for reconsideration because of my daughters situation and BOOM an increase to 20k! Your video gave me so much insight into credit card decisions, CLI's, approvals/denials and what to say on the phone to the rep. It was my key to this successful CLI. My family is so appreciative. You are the MAN💪🏾👏🏽👑. Hopefully, people use this info the right way and DON'T go out lying about their situation. It will ruin it for the people that really need CLI's due to their life changing event.
@26:52 “I would listen to your story, empathize with it, and then click the button” 🤣😭😂 idk why but that part had me rolling. Amazing video, full of very useful information 💯
interesting video. maybe more insightful if we knew who the lender was (or even generally so) from to determine how applicable the knowledge is (big bank vs smaller bank vs credit union, etc).
Amex wanted to see my other limits increased before being approved, just like you suggested on another video, my suggestion is working with a credit union to build up faster.
ha. Did he steal the text and put it into video form? The reddit author gets nothing, but he gets paid for the RUclips views.. unless he wrote the reddit post as well.
@@jeffg4096Yeah he definitely stole it but putting it in video form / editing it definitely gives him the right to gain the upside, and he’s providing the information to a demographic that (mostly) wouldn’t have seen it otherwise
Great info! This all makes practical sense. If you have a great history of paying bills on time, then no need to verify income unless it’s ridiculously high.
This was the most insightful cc video I've seen in a while. Learning about credit over the years you sort of learn these things in practice, but it's really helpful to have an underwriter provide insight.
Great video. I try to find newer ways to explain credit to my younger family members. One thing that I would like for you to bring up is knowing the difference between your due date and your statement date. A lot of people don’t realize that you can really save on interest fees if you can pay before your statement date comes around
i really love this but im having trouble keeping up its so fast but i get that, thats the point lol i just wish the time bar was broken up into each question so i can start from the beginning or each question was time stamped lol but either way this is great xD
Great video. Generally CC videos are very opinion based or somewhat. But this videos has great insight. This videos answered some questions.. i recently got approved 30k for the freedom flex.. and a day after aplied for the amazon chase cc.. to my amaze chase also approved 30k.. I have no idea what the algorith was thinking about.
😮😮My cousin got a credit card when she was young. She paid off that card and stopped using it before a few months before going bankrupt. After bankruptcy, that card is 30 years old and looks great on her credit report. IDK if slipped thru or not.
I think the high aprs and annual fees make people more valuable to them. So as long as they are getting money. So they want more money quicker hightens your priority on their lists
I pay my balances in full each month. I get what the Analyst is saying regarding the profitable customer but I worked at a conservative Canadian bank. They view a customer that pays very favorable. I would also think customers/clients that pay in full are a great credit risk.
I love your channel always honest and have great videos. By any chance can you give us what CC company this Underwriter worked for? Probably not but figured I ask lol
Thanks! I wish i could tell you. I have yet to see anyone willing to share what bank they work for. It's just one of those things they like to keep secret.
@@calbarton It’s all good figured I would ask lol also another question. After my due date of the cc can I use the card up until the day or two before the statement date and pay it off and it won’t go on my Credit Report?
In my experience you never tell them if you were let go or unemployed. Take it as you will, Banks look at purchase history, loan payment history, what debts you have and what you made last year or current year. If you got an offer letter for a job for $80K and you only made $40K the previous year, they will go with the $80K in order to secure you a loan based on good standing as long as you paid your current debts or loans on time. Paying bills on time shows them you are responsible and even if you don't have a big income for credit increase you will still get approved because you paid a bill on time.
As far as I can tell, there's no way for them to determine if you pay in full or revolve from month to month. Only your account balance is reported. If your balance is consistent month to month, you could be paying it in full and spending the same amount each month, or just letting the balance revolve.
They might not know your race but I would be willing to bet that there is an algorithm that can tell your race. I personally think there is a code that the somehow print on your file that let them know what race you are. And if you call the lender can tell 85 to 90% of the time what race you are. Remember and understand most of these big banks and lenders have been at it for decades so they know.
I Haven’t used a certain dept store card in 2.5 years and it expired lot of their stores have closed and they want me to go into the store and reapply ! ?
So leave a balance but pay it before the due date to avoid interest and gain the trust you pay your balance? I'm having the issue of putting high spend on my cards but paying them off in full before they report leaving a $0 balance and haven't seen any credit line increases. Any suggestions?
Can can assure you that every credit application or credit limit increase is approved by an algorithm. ABSOLUTELY EVERY SINGLE APPLICATION! No company has done a manual process in the last five years. How do I know this? Because I know this, enough said!
I hage a business checking with chase, and they keep inviting me to apply for that card. They send me mail that says you’re invited to apply, do you think I’d get approved?
I'm not a credit card wiz but I don't get if you can pay your cards off monthly, why use them at all? If you have the money, use it right when you're purchasing, via bank card. Unless you feel you think you should have credit if emergencies arise?
![Blox Fruits Dragon Rework Update [Full Stream]](http://i.ytimg.com/vi/EqDAp8udhm0/mqdefault.jpg)
Chase Ink Business Unlimited Card - courses.calbartoncashback.com/InkBusinessUnlimited
I agree.
One of the best credit card info videos I’ve heard on RUclips in months. You’re a credit to this community.
I agree.
Finally a RUclipsr getting the real deal people involved instead of goofy conspiracy theories and basic info found on the internet. Love it!
CLIs.. most banks have been good to me. My FICO hovers in the upper 700s.. Banks that have been stingy: CapOne & Chase. I have a $13k CL with Capone.. seems they wont increase my line unless I go above 70% util on their card. Chase said too many accounts and available credit.. justified but this wont allow me to increase my CL with them. Chase gave me only $4k. I have 5+ other banks with CLs of 20k+.
One of the best credit card educational videos on RUclips.
I had a hard time with age as a discriminating factor. Am in mid 40's now, but till 3 years ago, paid cash for everything, and had no credit history. Was a little tough starting out. Had to get secured cards, then once unsecured, it took a while to get big jumps in credit increases, even with my salary. I have never filed bankruptcy. Now I get big increases on most cards. Not getting any cards till passing 40 years old has hurt
In the same boat. Now I'm making sure my kids have a credit line before they graduate highschool.
Only 2-3 cards u need just don’t run up these cards it takes 1-2 years
It's usually much easier to get a new credit card instead of requesting a Credit Limit increase on an existing credit card.
Excellent line item by line item outline, you hit all the important points that most of us would like to know without dragging and adding fluff.👌
3X CLI! Excellent video Mr Barton! I will be a grandfather soon so I called Chase yesterday for a CLI since my daughter is due in March and is an authorized user on my freedom unlimited card. I was initially DENIED (I just got a CLI in August 2023, 3.3k to 6.6k.) but I asked for reconsideration because of my daughters situation and BOOM an increase to 20k! Your video gave me so much insight into credit card decisions, CLI's, approvals/denials and what to say on the phone to the rep. It was my key to this successful CLI. My family is so appreciative. You are the MAN💪🏾👏🏽👑. Hopefully, people use this info the right way and DON'T go out lying about their situation. It will ruin it for the people that really need CLI's due to their life changing event.
@26:52 “I would listen to your story, empathize with it, and then click the button” 🤣😭😂 idk why but that part had me rolling. Amazing video, full of very useful information 💯
Same 😭
YOUR BREAK DOWN of the Underwriter Is Amazing bro!!! Keep up the great work
Thank you so much
American express and capital one definitely checked my work number for me
interesting video. maybe more insightful if we knew who the lender was (or even generally so) from to determine how applicable the knowledge is (big bank vs smaller bank vs credit union, etc).
Funny because experian tells me my fico is over 700s but the vantage score is in the mid 600s.
Finally, a RUclipsr with the most informative information. Straight to the point. Thanks for being so helpingful. A wealth of knowledge. ❤😊
Amex wanted to see my other limits increased before being approved, just like you suggested on another video, my suggestion is working with a credit union to build up faster.
Also, I think bankruptcies stay on your report for 10 years, not 7. That's a giant credit black hole to fill...
And longer..they sell it off
The Reddit post this is based on was an exceptional read
ha. Did he steal the text and put it into video form? The reddit author gets nothing, but he gets paid for the RUclips views.. unless he wrote the reddit post as well.
@@jeffg4096there’s the link. You be the judge lol
@@jeffg4096Yeah he definitely stole it but putting it in video form / editing it definitely gives him the right to gain the upside, and he’s providing the information to a demographic that (mostly) wouldn’t have seen it otherwise
Should have given credit to the original poster on Reddit.
I knew this sounded familiar..... that's crazy
Wow read the same from an underwriter on reddit, thank you!
Fam, this is one of the best credit videos that I’ve seen. Great job!
Thanks Hector. I really appreciate it!
Great info! This all makes practical sense. If you have a great history of paying bills on time, then no need to verify income unless it’s ridiculously high.
Great video, perfect level of detail without going too slow
This is gold 😮 thx you so much ❤️ gifting your insight and wisdom for mastering our financial literacy and credit games
Thank you for your advice on CLI for Capital One. You were absolutely correct!
Lots of mysteries revealed. Thank you!
This was the most insightful cc video I've seen in a while. Learning about credit over the years you sort of learn these things in practice, but it's really helpful to have an underwriter provide insight.
Now and days they ask to link to your bank so they can see your income that way. And if you only put one bank they’ll ask you if you have more.
GREAT STUFF, SIR! Important information, clearly presented.Thanks for posting!
Appreciate the recognition! Happy you got value from the video thank you.
Best credit video I’ve ever seen on RUclips. Thank you sir
Wow, thanks!
Great video. I try to find newer ways to explain credit to my younger family members. One thing that I would like for you to bring up is knowing the difference between your due date and your statement date. A lot of people don’t realize that you can really save on interest fees if you can pay before your statement date comes around
I agree, covering this content would be very beneficial
Great video with such level of detail.
One thing to correct, your closed caption (CC) kept indicating the word car and not card.
Thanks 👍🏾
i really love this but im having trouble keeping up its so fast but i get that, thats the point lol i just wish the time bar was broken up into each question so i can start from the beginning or each question was time stamped lol but either way this is great xD
I'll keep this in mind going forward
Great video. Generally CC videos are very opinion based or somewhat. But this videos has great insight.
This videos answered some questions.. i recently got approved 30k for the freedom flex.. and a day after aplied for the amazon chase cc.. to my amaze chase also approved 30k..
I have no idea what the algorith was thinking about.
I revolve some repeat charges while in grace period. So the card always reports usage and I avoid paying interest.
Some High quality content here. Thank you.
This is real good info. So good I'm only halfway and need to start over cause i feel I'm missing things
Very intense video Cal, great job.
wow , this is very interesting , quite useful credit tips , thanks cal , many blessings
This is the BEST info by a qualified professional. THANK YOU!🌹
You're very welcome
😮😮My cousin got a credit card when she was young. She paid off that card and stopped using it before a few months before going bankrupt. After bankruptcy, that card is 30 years old and looks great on her credit report. IDK if slipped thru or not.
I think the high aprs and annual fees make people more valuable to them. So as long as they are getting money. So they want more money quicker hightens your priority on their lists
I don’t know if anyone said this; but this underwriter def worked for chase.
Just subscribed. Easily the more informational video on credit cards I’ve watched in recent memory. Keep it up! 🔥
You are the best !!! Learned so much. L
Excellent video! 👌🏾 Please share video about D&B credit building program.
Thank you for this . I will definitely look through the highest cards
I pay my balances in full each month. I get what the Analyst is saying regarding the profitable customer but I worked at a conservative Canadian bank. They view a customer that pays very favorable. I would also think customers/clients that pay in full are a great credit risk.
Very interesting info. Really confirms what i have learned & suspected over the years.
Moral of the story:
Be a transactor NOT a revolver
Wow. What a fantastic video.
I love your channel always honest and have great videos. By any chance can you give us what CC company this Underwriter worked for? Probably not but figured I ask lol
Thanks! I wish i could tell you. I have yet to see anyone willing to share what bank they work for. It's just one of those things they like to keep secret.
@@calbarton It’s all good figured I would ask lol also another question. After my due date of the cc can I use the card up until the day or two before the statement date and pay it off and it won’t go on my Credit Report?
In my experience you never tell them if you were let go or unemployed.
Take it as you will, Banks look at purchase history, loan payment history, what debts you have and what you made last year or current year.
If you got an offer letter for a job for $80K and you only made $40K the previous year, they will go with the $80K in order to secure you a loan based on good standing as long as you paid your current debts or loans on time.
Paying bills on time shows them you are responsible and even if you don't have a big income for credit increase you will still get approved because you paid a bill on time.
Amazing and very valuable video, Cal! Thank you!
This is a great review Cal!
Thank you Cheryl!
Cal, I recently started following you and subscribed. I appreciate your kindness and intelligence. Ty
Had a bankruptcy only 4 years ago. Include discover and American Express in it. Want to rebuild a relationship with both banks
Wow that was a lot of game bro!!
Is it possible to approve on a credit card & Mail to your house & still get a hard inquire? From captain one savor is this a error??
yes
Can you do a video like this on getting a personal line of credit please
Can you link your microphone?
Thanks for sharing your knowledge 🔥💯
My pleasure!
Which credit unions do you recommend for personal line of credit and credit cards?
Blown away. Amazing content dude. Thank you 🙏🏾
Why do they ask your salary, then? I thought the bureaus were somehow linked to the IRS since they have all of your information.
Good info bro
Did you know if anyone uses your link and defaults on a Chase credit card Chase could possibly come after you.
As far as I can tell, there's no way for them to determine if you pay in full or revolve from month to month. Only your account balance is reported. If your balance is consistent month to month, you could be paying it in full and spending the same amount each month, or just letting the balance revolve.
I really like your information 👍🏾
Great info!
Love your videos Cal.
Thank you Michael!
Very Unique and Super Helpful information
Thank you !!!
You're welcome
This was great!
Straight fire 🔥
Excellent info & video thanks!
Well done sir.
They might not know your race but I would be willing to bet that there is an algorithm that can tell your race. I personally think there is a code that the somehow print on your file that let them know what race you are. And if you call the lender can tell 85 to 90% of the time what race you are. Remember and understand most of these big banks and lenders have been at it for decades so they know.
Informative video ..... subscribed.
Welcome to the channel
I Haven’t used a certain dept store card in 2.5 years and it expired lot of their stores have closed and they want me to go into the store and reapply ! ?
Very informative!!! Thank you
Very thorough, great video!!
Great Job! Very informative!
Thanks Ryan
Affiliate or not, your video is very helpful, thanks
If chase ink sends me a invite, does that mean I'm pre-qualified or should i proceed with caution?
New sub! Great info
So do y’all use the vantage version to consider lending?
Is it not normal to not have credit bc you don’t believe in debt and pay cash for everything?
This was a good video
So leave a balance but pay it before the due date to avoid interest and gain the trust you pay your balance? I'm having the issue of putting high spend on my cards but paying them off in full before they report leaving a $0 balance and haven't seen any credit line increases. Any suggestions?
There are different type of bankruptcies… one is for 7 and the other is for 10.
Lol. Never heard of chapter 10. But there is a chapter 11 and 13 though.
@@mamaitaliano97747 years for chapter 13...and 10 years for chapter 7
Can can assure you that every credit application or credit limit increase is approved by an algorithm. ABSOLUTELY EVERY SINGLE APPLICATION! No company has done a manual process in the last five years.
How do I know this? Because I know this, enough said!
What can you do/say to get approved
😮😮On paper my FIL had a very low income due to depreciation. He had no debt and owned about 5 million in Assets. LOL.
I hage a business checking with chase, and they keep inviting me to apply for that card. They send me mail that says you’re invited to apply, do you think I’d get approved?
Are credit card confirmations coded in some way of labeling someone? or truly random?
Who wrote your subtitle? It keeps saying 'car' instead or 'card' smh
Wow great video
I'm not a credit card wiz but I don't get if you can pay your cards off monthly, why use them at all? If you have the money, use it right when you're purchasing, via bank card. Unless you feel you think you should have credit if emergencies arise?
Points/ rewards
Good info 👍🏾
What is a "revolver" and "transactor"?
Good stuff
Paid in full to look good every month. Does that mean Total balance or statement balance. Being several weeks not reflected in the statement balance.
Statement Balance. If you have extra funds to cover Total Balance/Current Balance, that would be good too.
Awesome