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Easy Approval Store Cards - Build Credit Fast - YouTube
Channel: CreditFast
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today i will be talking about four
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very popular store credit cards
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three out of these four stores have
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major credit card versions visa and
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mastercard
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and they have fairly easy credit
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approval
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so if you've been working on building up
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your credit
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score and you're doing pretty well now
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you're out of the bad
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credit score range and you're getting to
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a solid
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fair situation then these four credit
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cards
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you can potentially get approved
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for and the interesting thing is that i
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have
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three out of these four so this video is
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good for
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people even if they still have bad
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credit because it's it's good to know
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what's out there and how to plan for
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your future and if you have good to
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excellent credit
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you can also get these credit cards very
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very easily
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so in this video i will detail my own
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personal story
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on how i was able to get three out of
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these four
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great store cards and just
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understanding where i was with my credit
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history will give you a really good idea
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if you're able to get these cards
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yourself and
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at the end of the video i will be
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talking about
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whether or not i think it's still easy
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enough to get approved for these cards
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because a lot has changed in 2020
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and with a lot of banks and credit card
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companies
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it's proving more difficult to get
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approved for credit so i'm going to be
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talking about that
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now you can ask me questions like as if
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we were actually talking
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but if you have questions about any of
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these store card offers
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make sure you leave your questions below
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in the comment section
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also for any of these credit cards if
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you have them too and you have a story
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on how you were able to successfully
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get approved for one of these store
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credit cards make sure you leave your
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story in the comment section below
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the really good news about every one of
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these store cards
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there are no annual fees i said
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that i'm talking about four credit cards
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today
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three out of the four i actually have
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but i'd like to start out
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and mention the one that i don't have
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but i think is really good
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and i know for a fact that many people
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can get approved for this store credit
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card
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and it is the walmart mastercard
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and walmart store card it is now issued
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by
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capital one so even if you don't get the
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mastercard you have a good likelihood
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that you can get approved for the
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walmart star
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store card these are two
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credit cards that are known to have
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easy credit approval if you don't have a
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credit score
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high enough to get the walmart
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mastercard there's a good chance you can
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get the walmart store card
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these cards are now issued by capital
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one
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and they have shown to still have
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easy credit approval
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okay so if by the end of this video if
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you feel
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that you still do not have a credit
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score high enough to get approved for
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one of these store credit cards
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make sure you check out my shopping cart
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trick tutorial video
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which is a video in which i show you how
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you can get
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approved for certain store credit cards
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even if you have less than perfect
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credit history
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and these cards have no annual fee
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and they also will not have
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a hard credit inquiry appear on your
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credit report
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if you do it correctly and follow my
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tips
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so if you're interested in that you can
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find the link to that video
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below or right up here
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right now i'm going to tell you a basic
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strategy i have whenever i
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apply for credit cards right now i have
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not applied for any new credit card in
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over a year but typically what i do when
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i decide i want a credit card i decide i
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want
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more than one for some reason at least
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in my opinion i think
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if you apply for the credit card you
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want all in one day
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you have a better chance of getting
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approved for either all of them
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or most of them and typically i i'll do
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three or four in one day and then i'll
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see what i can get approved for
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and that's kind of what i did in my
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story today with the store credit card
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i applied for the
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car three cards in a very close amount
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of time and i'm going to explain exactly
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how i did that
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i'm also getting more personal in this
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video talking about
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how my credit was at the time when i
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applied for these three cards i'm doing
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that so
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it gives you a better sense of whether
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you're going to have success
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in getting a credit approval for any of
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these cards
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and i'm even going to be talking about
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credit limits which i have from time to
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time but
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if you've watched my videos before i
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rarely talk about it but
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to give you guys a better idea
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of whether you can get these cards i'm
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going to be
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very honest and tell you what everything
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how everything was when i apply for
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these cards
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also i don't have any possible idea
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i've never done a video like this i
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don't even know if you like this kind of
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video so if you
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do make sure you hit that like button
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and
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if you don't like it don't let me know
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by hitting that other button
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just just pretend you never saw this
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video
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so to give context to this video i'm
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going to talk
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about how my credit was many years ago
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why i had to rebuild my credit i've
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talked about it
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a few times before and basically what
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happened was that i bought a home
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and it was during the time of the
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housing crisis and slowly over time
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i did lose my home and after that my
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credit was pretty much
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destroyed for five years i didn't have
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any credit cards
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at all even though i've been marketing
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credit cards
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talking about them since 2002.
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i didn't have a credit card for five
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years then one day i received a letter
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for the capital one platinum card for a
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pre-approval
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i thought i had nothing to lose they
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were not going to give me
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charge me an annual fee so i thought i'd
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give it a shot
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sure enough i applied for it i got
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approved a few months later i was able
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to product change that
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to the capital one quicksilver card
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which earned 1.5 percent cash back
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that is a credit card that has no annual
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fee
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so that was great after six months
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two things happened capital one
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increased
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my credit line by two thousand dollars
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so i started out with a three hundred
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dollar credit line which
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many people do and then that was upped
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another two thousand so
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i then had a twenty three hundred dollar
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line of credit
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at that six month point i got
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pre-approval offers from
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two other for two other credit cards
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the second one was for another capital
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one
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credit card it was for the capital one
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by power card
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and i filled out that one and again i
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got approved i got a 300
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line of credit and after six months they
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upped it to
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500 but it was an extra 200 so they
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increased my credit score
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or my credit line and then i
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applied for the uh the bank of omaha
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card and it was basically a card for
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fair credit and i got approved for that
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and i had a 500
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line of credit so now you can see
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i have three lines of active credit
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and what i did with each of those credit
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cards is
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that i never used more than 20 percent
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of my credit line and every month i paid
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the balances in full i charged something
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and paid the balances in full
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so this was really good for building
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credit and it helped
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increase my credit score so
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i started all of this in january with
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capital one
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platinum card and now one year later
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almost one year later it's december and
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i have
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those three credit cards that i uh
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i got approved for so i have the 2300
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line of credit with capital one the 500
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line for the
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capital one by power and the 500 line of
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credit
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for the uh bank of omaha credit card so
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right now
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at this point in december i have a total
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credit line
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of thirty three hundred dollars which i
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always used responsibly and paid the
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balances in full each and every month
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okay so now it's one year later and i've
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got these three
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wonderful lines of credit these major
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credit cards
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and i have some established credit so
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now i'm looking to get more credit cards
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so
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i decided that i wanted to get
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the best buy visa card because i needed
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a new laptop
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and then while i was doing that i
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decided i wanted to apply for the target
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red card
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i wanted to apply for both credit cards
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on the same night i drove to best buy
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and then i drove to target
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so when i applied for the best buy visa
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card
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i didn't know whether i would get
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approved
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for the visa card
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or just that store card and
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what happened was i got approved for the
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best buy
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visa card and they gave me a 2 000
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line of credit pretty nice right
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then after that i drove over to target
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and i applied for the target red card
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this is not the target mastercard which
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i
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actually have now um that's something
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that they offer people from time to time
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there's certain periods of time they'll
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send a letter and you can
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upgrade and get the mastercard but if
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you're just applying for the target red
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card it's store card
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only whether you go in the store or
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online
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so i drove over to the store and i
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applied for the target red card
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and i got approved for 3
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000 even better than that 2000
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pretty amazing then that's where i
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thought i would just
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quit and that that's when i thought it
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would be all over
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what ended up happening was i needed to
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make a purchase
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on amazon.com for over a hundred dollars
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and when i went online and i selected
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what i needed to buy and i went to the
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checkout they offered me
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to apply for their amazon visa card
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and normally i really wouldn't have done
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it but i figured well i applied for
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these two other cards
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so i wasn't sure or not i'm still kind
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of in the fair credit
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range area and sure enough i filled it
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out i got approved and i got approved
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for two thousand dollars
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now i have not only the thirty three
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hundred dollar
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lines of credit from those three other
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credit cards i have these three new
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credit cards
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which is adding seven thousand
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dollars so this is
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now i'm looking at ten thousand three
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hundred dollars
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in open lines of credit
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so i can honestly tell you i didn't
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have that good of a credit score i might
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have had um
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since i had credit wise i think i had
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somewhere around 680.
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so having heard my story and the limited
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amount of credit i was
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able to build i was still able to get
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all three of these store cards i still
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use them today
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they're some of my favorite cards
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they're great so
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if you have a situation similar to mine
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i think it's a
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very good chance that you'll be able to
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get these cards
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and a question that i might have or one
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that you would ask me in the comments
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section but i'm going to answer it now
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it is true that it is harder to get
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approved for
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credit cards these days and that's
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exactly
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why i'm doing this video and suggesting
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these
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these credit cards because
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they tend to be pretty
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easy and generous for people
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that were in my situation i know it's
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four years ago
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so rather than getting a two thousand or
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three thousand dollar line of credit you
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might end up getting somewhere between
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if you were in my situation or a similar
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situation
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you might get somewhere between 500 and
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a thousand dollars if they're being very
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picky and selective right now that's
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still an approval
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and all you need to do is use those
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lines responsibly
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and you'll be able to get a better
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credit line later
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maybe even after six months so the
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important thing is
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to get yourself in the door and get that
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approval and i
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i still think that if you are in a
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similar situation to what mine was
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you'll probably get approved but for a
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lower credit line
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and if you have experience with any of
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these four cards
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let us know in the comments section if
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your story was
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very similar to mine or if it was
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completely
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different i did this video today because
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i've done different videos in the past
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for bad
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and fair credit and a lot of you are at
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this point
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building up your credit scores and
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you're getting closer to good
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credit right now and because of that
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you're thinking what other credit cards
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can i get once my credit score is a
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little bit better
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and these four store credit cards that i
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talked about today
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are a really good next step
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up as i said before they don't have
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annual fees and a lot of them offer
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rewards
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so if i've helped you with this video
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today i'd appreciate it so much if you
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could hit that like button
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and if you want to see more videos like
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this make sure you subscribe to credit
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fast
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hit that bell notification and i'll see
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you next time
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