How To Build Credit Using A Credit Card - Improve Credit Score 101 (UK)

Sasha Yanshin October 29, 2020
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Sasha Yanshin

@sashayanshin

About

This channel is all about managing money, financial products and making money online. The best info about personal finance, wealth and being smart with money. I have spent my whole career working in banks and the financial services industry and I have designed, built and launched credit cards, current accounts, loans, mortgages and other financial services products for many of the leading companies in the UK and around the world including Mastercard, HSBC, Capital One, Bank of America and Barclays as well as many challenger banks and fintech startups. I now want to use the experience I have built up and my in-depth knowledge of exactly how the financial services industry works to give you the best advice that is based on facts and the many small things that can make a big difference to how you manage your money.

Video Description

A step by step guide for how you can build your credit using a credit card. A lot of people get confused by how credit cards can actually help them improve their credit and the best way to use them to improve their credit profile. Some of the things I will talk about may seem very obvious but in this video I also go through some very in-depth explanations of how credit card companies assess customers and why you need to do certain things with your credit card in order to make the best impact on your credit profile. Watch for full details on how to get the right credit card, what to do with the card once you got it, exactly how to optimise your use to improve your credit and some tips on how long it may take to improve your credit by using a credit card. TRADING 212 (UK & Europe) To get free fractional shares worth up to £100, you can open an account with Trading 212 through this link: https://www.trading212.com/join/SASHA Terms apply. TIMESTAMPS Introduction - 00:00 Step 1: Apply for a credit card - 01:37 Step 2: Spend on the credit card - 10:14 Step 3: Repay your balance in full - 14:44 Step 4: Repeat every month - 17:37 Ending - 20:10 WATCH NEXT ○ Credit card tier system - https://youtu.be/ie9zw981uAM ○ How to get approved for credit - https://youtu.be/9zQ5z67sXEo ○ Do credit cards help build credit? - https://youtu.be/ygu5UxMbZ5o ○ How many credit cards is too many? - https://youtu.be/a4yHx5DbYQE ○ Best credit cards for beginners (UK) - https://youtu.be/KOCgPDFMQ6s CAMERA GEAR I USE ○ My camera - https://bit.ly/sasha-camera ○ Main lens - https://bit.ly/sasha-lens ○ Microphone - https://bit.ly/sasha-mic ○ Tripod - https://bit.ly/sasha-tripod ○ Memory card - https://bit.ly/sasha-card ○ Ring light - https://bit.ly/sasha-light Full list of gear here: https://kit.co/sashayanshin/sasha-video-gear DISCLAIMER: Some of these links may be affiliate links. If you purchase a product or service using one of these links, I will receive a small commission from the seller. There will be no additional charge for you. DISCLAIMER: Trading 212 provides execution-only service. This video should not be construed as investment advice. Investments can fall and rise. DISCLAIMER: I am not a financial advisor and this is not a financial advice channel. All information is provided strictly for educational purposes. It does not take into account anybody's specific circumstances or situation. If you are making investment or other financial management decisions and require advice, please consult a suitably qualified licensed professional.

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