Complete Credit Mastery Course

Overview

Road To 850

There is going to be a lot of information in this module!

Take notes but more importantly, take action immediately.

Understanding FICO

Road to 850

FICO has been used by lenders for 30 years now but has been revised many times. There are currently 9 different types of FICO scoring models. Each lender can pick and choose which version of FICO they want to use and some even create their own credit scoring model. That is why your scoring can vary so much when you apply to different lenders.

Remember, your FICO score is not the same score as a vantage score from Credit Karma!

To do more research into FICO, you can visit https://www.myfico.com/?

Understanding FICO

Road to 850

To get a perfect credit score in the United States you must:

1. Have 0 inquiries in the past 12 months (10% of score)

2. Have over 21+ diversified accounts (10% of score)

3. Have an average age of credit accounts of 10+ years (15% of score)

4. Utilization between 0%-9% (30% of score)

5. Have 100% on-time payment history (17.5% of score)

6. Have 0 derogatory marks/ bankruptcies (17.5% of score)

The banks/ institutions will update your credit report every 30 days, so when you fix or change something it can take up to 30 days to update you credit score. And remember, if you are checking your vantage score through Credit Karma or something similar, it can have a 14-day delay when updating.

Reminder: Banks use your FICO scores to determine your eligibility for lending, not vantage scores.

To learn more about FICO credit scores, do research here:

https://www.myfico.com/credit-education ?

Breakdown:

3 major credit reporting bureaus

• Experian

• Equifax

• Transunion

Criteria that make up a credit score include

• Payment History

• Ratio of Debt

• Length of Credit History

• Types of Credit Used

• Recent "Hard" Inquiries

What's considered a good credit score from the eyes of banks/ institutions

• Although each of the credit bureaus calculates its own score, the average range is 300-850 for all 3 of the agencies. Regardless of which bureau your referring to; the average credit score in the United States is 695.

Fun Fact: Experian is actually a British company. Although it has operations in almost 40 countries around the globe, it is headquartered in London, England.

Hacking The Factors Of Credit

Road to 850

How to increase your score in each factor:

1. Inquiries: You can go through inquiry removal with a credit repair company. I do not recommend going through inquiry removal on accounts that are currently live/ open even if the company claims that they can get it off without getting the account closed.

2. Total Accounts: Open new accounts by getting someone to add you on as an authorized user (AU) on a positive credit account or purchase Tradelines. Remember this category also includes the mix of the types of credit accounts you have Ex. auto loans, mortgages, credit cards, personal loans etc.

3. Age of Accounts: Purchase tradelines or convince family or friends to add you as an authorized user on their accounts. Note: You only want to be added on as an authorized user on family or friends that never miss payments and have long history. The caveat is if these individuals mess up with payments at any time, it will damage your score as well as theirs.. Choose wisely!

4. Utilization: Bridge Loans, family/ friends paydowns, debt hacking (moving debt balances around from account to account to dodge due date and statement dates. Tip:(If you lack the financials to pay your balance below 10% just transfer the balance to dodge your statement date.)

5. Payment History: Dispute through CFPB if your have 1 derogatory mark or less and above 80% of on time payments. If your payment history is worse than that, you will likely need to hire a credit repair or credit sweep company.

If you are disputing yourself, you can dispute almost all late payments/ derogatory marks through:

1. Direct with the bank/ institution

2. Through Credit Karma or the credit bureaus (Experian, Equifax, Transunion)

3. On CFPB.gov (usually the best and the quickest)

4. Sending letters Tip: (You can bypass hiring a credit repair company and send the letters yourself to save a lot of money, please visit our store to access the specific letters you need.)

You cannot dispute:

1. Age on your accounts (Unless the company reported an error)

2. The number of accounts (Unless the company reported an error

3. Your utilization (Unless you deem it as erroneous)

Understanding FICO

Road to 850

If you are just starting to build credit, here are 10 ways in which you can start today:

1. Self Lender

• This one is way different from the others, but still a great choice especially for account diversification.

• This is a CD (certificate of deposit) that reports to ALL THREE CREDIT BUREAUS, and you get the money back after it matures in one year.

• There is a small origination fee (around $9 – $12) then small monthly payments after that based on how much you want the CD to report as.

• Each payment is reported to the 3 credit bureaus (don’t screw this up!). At the end of the term, you’ve paid off the loan and you can get the money back + interest – hence saving money while boosting your credit.

• More info on how it works here  ?

• https://www.self.inc/?affil_id=16925341&utm_source=refer-a-friend&utm_medium=referral&utm_campaign=fe23f388-3acb-48a7-8886-fdea44aa0a5d

2. Online jewelry club

• This is an oldie, but a goodie. Join their jewelry club, purchase about $150 or so worth of jewelry and they will report a $5,000 primary tradeline on your credit report. Ensure you make the payments because they are reporting that also.

• Click here for more info. ?

• https://www.myjewelersclub.com/

3. Secured Credit Card

• These are secured credit cards in your name used for the sole purpose of helping you build your credit score.

• The credit limits are low, but you have to start somewhere in order to establish and build your credit.

• Check out some of the top secured cards here ?

• https://www.creditcards.com/secured/

4. Rent Reporters

• They are currently reporting to Transunion AND Equifax; they will also report your rent as a tradeline to your credit report.

• They can backdate your rental history up to 24 months.

• They will verify all information, including ownership of the property so ensure you have a good track record with your landlord first.

• More info on how it works here ?

• https://www.rentreporters.com/how-we-help/how-to-report-rent-to-credit-bureaus/

5. Rental Kharma

• This company will report your rent to Transunion, which will boost your credit score because adding positive tradelines is super powerful.

• They are currently reporting to Transunion only which is very common for rental reporting agencies.

• They can backdate your rental history for 24 months.

• They will verify all information, including ownership of the property so ensure you have a good track record with your landlord first.

• Find out more information here. ?

• https://rentalkharma.com/

6. OxPublishing.com

• This is a $2,500 secured line credit reported in your name (no credit card is mailed to you).

• Typically this reports to Equifax only, this may change over time though.

• Their is a minimum purchase required in their online store, typically $180 purchase that you would financially so as 2018, it’s about $30 to get started, then finance the rest in monthly payments. [Note at time of this writing, this was the price.]

• More information on how this works here ?

• https://www.oxpublishing.com/

7. Hutton Chase

• This is a secured credit line in your name for $1,500 that can be used only at their website.

• A product purchase of $180 is required however only a $30 activation fee is due at time of purchase [Note at time of this writing, this was the price.]

• More info on how this works here. ?

• https://huttonchase.com/

8. Sign & Drive

• This is another great option for building, and re-building credit. You can go to a car dealer like KIA when they have sign and drive promotions and start building credit with an auto loan without a credit history or down payment.

9. Experian Boost

• Experian will report *utility bills* to your Experian credit report, in exchange for your bank account information (that is where they will verify your payment history each month). News reports are stating this will be done for free, however I can’t seem to find this on their website so we shall see! How do you feel about providing your bank information in exchange to report your phone/electric bills?

• Find out more information here. ?

• https://www.experian.com/

10. Adding Authorized User Tradelines

• Ask a family or friend to add you as an authorized user on one of their accounts where they have made on-time payments for many years (preferably over 5 years) and keep their utilization down by paying off their cards each month.

• You can also buy tradelines online. This is most beneficial after you remove all negatives on your history and before you apply for new credit. A lot of the tradelines can be temporary (will show up on your report for 60-90 days, then fall off) so it is important to ask the company how long the tradeline will show as open on your account. If it only stays on your report for a few months you need to be ready to apply for new credit in that time period or it is pretty much pointless.

***Side note: The more times you get added as an authorized user (or buy tradelines) the less of an effect it will have on your score. Because of this diminishing effect, I recommend building your own credit so you can be in control and do it the right way from the start. These are great for increasing your score and getting in the range for certain credit cards/debt products but they do not help as much in the approval process because the underwriters can see which accounts are primary and which accounts are authorized user accounts.

How To Review Your Credit Report Like An Underwriter

Road To 850

Use these two companies to get your full credit reports:

• Credit Check Total

• Annual Credit Report

  • (If you want to have your credit reports from all 3 bureaus either monthly or quarterly you can get them here.)

• My FICO

  • One thing to be aware of is that the PDF of your credit report from Credit Check Total often times do not report authorized user accounts, so you must log in to see them. And remember to cancel the account if you do not want the service with Experian.

  • I wanted to give you these resources so you can see exactly what is on your report so you can dispute any negatives you deem necessary.

  • We will go over what exactly we want (and don't want) on our reports prior to applying for new credit in the fourth module of this course!

Removing Negative Items From Credit Report

Road To 850

Submit dispute with CFPB: This is one free way to get negative items removed from your credit report including: derogatory marks, collections, 30-day late payments, inquiries, and more. I like this site because you will get an answer from the institution within 14-days.

This is disputing directly with the bank. You can also dispute directly with the bureaus and I will show you how to do so here in another video.

Click here to submit a complaint to CFPB! ?

• https://www.consumerfinance.gov/

Business Credit

Introduction To Business Credit

Why is business credit so important?

1. No Personal Guarantee- You can work to the point where you will not be personally liable for the debt of the business. This usually does not happen until your business does over 4 million in annual revenue or has over 24 months of positive credit history but can be done quicker. There is a secret rule called the 10/10/10 rule where you can begin to apply for real revolving credit with no personal guarantee after you have 10 vendor accounts reporting for 10 months with two revolving cards with 10k limits. It is very smart to pick a bank that you like and build a relationship with them by opening accounts, getting a business banker/ relationship manager, and making on-time payments.

2. Rewards, sign up bonuses & lines of credit- All 3 are higher. Most personal credit cards are capped at $30,000. Business credit cards can extend well over that to the 100k mark and even higher for corporate business cards (corporate cards are usually for businesses that do over 4 million in annual revenue.) One of the most valuable cards right now is the Chase Ink Preferred with a 60,000 point bonus reward worth over $1,200 when used for travel and only has a $95 annual fee.

3. Accounts do not report on personal credit- This is great for 2 reasons; You can carry a balance on your cards without lowering your credit score (from utilization.) If your utilization is too high, you will not be able to get extended new credit, so it is incredibly important to keep balances on business credit cards instead of your personal ones because they do not report this to your personal credit. If you have high balances or paying high-interest on personal cards, simply transfer the balance over to a 0% business card as quickly as possible. Since the accounts do not report, you can remove the inquiries easier after you apply for business credit cards as they cannot verify that there is an account there. I usually will apply for 2 business cards or 1 business and 1 personal then call the bureau and say that it was a duplicate inquiry.

Benefits Of Creating An LLC

Introduction To Business Credit

Benefits of an LLC:

1. Personal Liability Protection: Any creditors who come knocking or lawsuits filed against your business can't affect you personally. You can rest assured that no matter what happens in the business, your families assets are safe.

2. Business Liability Protection: An LLC is one of the only entities that prevents personal lawsuits and creditors from liquidating your business.

3. No Separate Tax Returns: With a standard LLC, the business's profits and losses are reported on your personal tax returns.

4. No Ownership Restrictions: You can have as many owners as you need. Even other entities can be owners!

5. No management Restrictions: Owners can manage and managers can own- you decide.

6. Flexible Tax Status: You can choose from a multitude of ways to be taxed, depending on what works best for your situation.

7. Flexible Profit Distribution: You decide what percentage of the profits to give to whom - no matter how much of the company the person actually owns.

*** It is important to age your LLC and start building credit as early as possible. The longer the length and age of the LLC, the more lenders will trust your company will repay the debt. Once you have established good credit and aged the LLC, you will be able to completely separate your personal credit from your business credit accounts.

Lesson 15: Setting Up Your Business Credit Correctly

Module 3: Introduction To Business Credit

Benefits Of Creating An LLC

Introduction To Business Credit

1) Incorporate your company: Set up a business entity or make sure your existing entity is set up correctly. It’s best to build business credit with an LLC or Corporation (S or C Corporation). Creditors, Suppliers, Lenders, etc. prefer to see an actual business entity. In addition, a corporation or an LLC is treated as a separate legal entity which separates you personally from the liability of operating your business. Be sure to compare each entity so you can see the difference between the most common entities.

You can register a new company here: My LLC

2) File for foreign incorporation status: If the State where your business was formed does not match the State of its primary location then your business will need to file for “Foreign Corporation” status and obtain a “Certificate of Authority” in the State where it is located and does business from. For example, if your business was incorporated in Nevada or Delaware, but its primary location is in Illinois or California, then you will have to file for foreign corporation status in either Illinois or California. You can file for foreign corporation status here: My LLC

3) Business Address: The address of your business needs to look like a business address. Do not use a post office box for your physical business address. You can use it for a business mailing address which is a separate address. You can use your home address for business credit building, but be aware that some lenders will not fund “home based” businesses. This will not stop you from building business credit scores, but may limit your funding options. The best way to know if the address you are using will work or not is to test it using Experian’s address verification tool. If the address shows “residential or mail stop” it is something you should fix. If the address comes back as “business or unknown”, you are fine using that address for your business.

Verification tool can be found here: https://www.edq.com/address-verification/

To properly establish and build credit, your business needs a deliverable physical address and not a PO Box. In fact, many lenders and credit providers may “flag” your business even if you try to use a re-formatted address from service locations like the UPS Store, Mail Boxes Etc. and Postal Annex. If you don’t have an actual storefront or office location, you can run your business from anywhere and still have a qualifying business address with a virtual office found here: Opus Virtual Offices Use code: SFW when checking out to save $100 on set up costs.

4) Phone/Fax number: You must have a dedicated business phone number that is listed with 411 directory assistance, under the business name. Do not use your home phone number. Lenders, vendors, creditors, and even insurance providers will verify that your business is listed with 411. A toll-free number will give your business credibility, but you must have a local business number in order to get listed in 411 directory assistance.

Many people say that faxing is outdated and a thing of the past. That is simply not true when it comes to lenders and credit providers. As a business, you will need a fax number to receive important documents and fax in credit applications. Even if you do not have a fax, you can get one listed virtually.

For both the phone number and virtual fax I recommend: Opus Virtual Offices

You can also use: Ring Central

To get your business number listed I suggest contacting your local phone carrier and request your business phone line to be added in the 411. Keep in mind that you’ll need to have your phone service with them in order to get a number listed. Another option is to list your business with List Yourself. The service is free and has been proven to be very effective to solve the 411 directory assistance listing.

Once you have submitted your business phone number, you will need to verify that you are listed under 411. To do this you will: (Dial your area code)-555-1212 and then simply ask for the listing of your exact business legal name. If possible, do not use a cell phone to check your listing.

Since searching the internet is the number one tool used to locate a business today, it’s crucial to make sure your business is listed on major online business directories. While there are many popular online directories to get listed with there are several key sites that play a role in the business credit building process. This is not absolutely necessary, but will help later on down the road when you are looking for business loans. Here are 3 of the most popular ones:

Express Update

Yellow Bot

Super Pages

5) EIN/Licenses: Whether you have employees or not, your business entity must have a Federal Tax ID number also known as an EIN. Just like you have a Social Security Number, your business has an EIN. Your Tax ID number is used to open your bank account and to build your business credit profile. You can get your EIN here: IRS.gov

One of the most common mistakes when building credit for your company is non-matching business addresses on your business licenses. Even worse is not having the “required” licenses for your type of business to operate legally. You will need to contact your State, County, and City Government offices to see if there are any required licenses and permits to operate your type of business. You can contact them directly via phone or search their website to confirm if there are any required licenses or permits for your type of business. For example if you start a home based business some cities may require that you have a license, while others may not.

6) Business Bank Account and Processing:
Your business bank account is vital to your future success. Most lenders determine the age of your business by the date you first opened your business
banking account and the date that appears on your Incorporation, LLC, or EIN paperwork. The date you filed paperwork is not important to lenders, or to
the business credit reporting agencies. When it comes to business lending and business credit; it starts from the day your company opens its business
bank account.
Decide which bank you want to open an account with and call or email them. Ask what their specific requirements are for opening a business checking
account. Most banks require a copy of your business certificate from the secretary of state, an IRS document with your EIN number on it, and sometimes
your articles of incorporation.
The ability for your business to accept credit cards is now also a key component in helping you to build business credit. Some lenders not only look at
your credit history but also your merchant processing history. Here is the only Merchant account that not only offers competitive rates and terms but
also creates a reporting tradeline to Experian Business. That means every time you pay your monthly merchant account fees, that payment creates a
positive tradeline history and helps build your company’s creditworthiness. Here is the Link: Best Merchant Card Services

7) Website and professional email address:
When credit providers research your company on the internet, it's best if they learned everything directly from your company website. Many business
owners fail to see that not having a company website and professional email address is hurting their chances of obtaining multiple trade lines from
various vendors. There are many places online that offer affordable business websites if you do not have one. Establish an internet presence that
displays an overview of your company's products/services and contact information.
Your email needs to be a business email (not yahoo, gmail or any free email provider). It should look like this: support@yourcompany.com or
Name@companyname.com

8) Double Check & Verify:
You must be listed with the exact same spelling of your business name and the exact same business address and company phone number. For example,
one agency may have you listed as "ABC, Inc.", while another has you as "AB Enterprises", and another one as "ABC Consultants, Inc". There are also
simple differences like those between "Suite 200", "#200", and "Apt. 200". The differences are important and they should be corrected where possible.

Take the time to verify that these main agencies (State, IRS, Bank, and 411 national directory) have your business listed the same way and with your
Exact Legal Name. Also, take the time to ensure every bill you get (power bill, phone bill, landlord, etc.) has the business name listed correctly and
comes to the business address. The following agencies are vital to your business funding and business credit building success: your state, county, city,
bank, IRS, 411 directory, and county/city licensing agencies (if applicable). Make sure your business name is the same with all of these.

9) Getting Your Duns Number:
Once everything is set up it is important to start establishing credit history. There are 3 bureaus: Experian, Transunion and Duns & Bradstreet. You can
build history with Experian and Transunion by getting tradelines that report to both bureaus such as a credit card or loan. With Duns & Bradstreet, you
need to register your company by getting your Duns Number before you can build credit with them. Duns & Bradstreet is the largest business credit
bureau so it is important that you do not skip this step. You can search and/or get it here: Duns & Bradstreet.

Your First Business Credit Card

Introduction To Business Credit

Quick tips:
1) If you do not have an LLC, but have business expenses, apply for a business credit card to start separating your expenses (over the phone or in person
is best).
2) If you want to start a legal business, search what type of company is best for you to start (LLC, S-Corp, C-Corp, Sole Proprietor, Partnership). I
recommend starting with an LLC as you can always elect to be taxed differently later on.
3) Create your business and apply for your first business credit card (assuming your personal credit is up to par).

I recommend the following:
American Express business gold is an awesome card for travel rewards. I use this for almost all of my business expenses because of the 4x back on the 2
categories you spend the most in. I then have the American Express business platinum for the travel benefits especially the 35% off (when booking with
points) of first class and business class seats. So I get all my rewards from my business gold but them utilize them more efficiently with the platinum. (At the time of making this for you the AMEX business platinum has 85,000 membership rewards points for new card members.)

If you are looking for an actual credit card to leverage 0% interest, get the American Express business blue cash card. New members usually start off with around 30k at
0% for 15 months with that card today, it's one of the best for 0%.

Another great bank to get your first business card is Chase. First of all, they are a great bank with awesome cards but more importantly, they have their
5/24 rule. If you have gotten more than 5 cards in the last 24 months, you will not be able to get any Chase cards. If you want a great card for points to
get the Chase Ink Preferred or for 0% get the Ink Business Unlimited. These cards are harder to get than the Amex Business Gold. You usually need to
already have a few accounts with Chase or have a well-established business. If you have no accounts with them recommend at least getting a checking
account with them.

The Business Bureaus

Introduction To Business Credit

1) Dun & Bradstreet is the world’s leading source of commercial information with over 237.7 million companies listed in its database and over 1.5
million updates per day. Many suppliers, lenders and leasing companies share and pull business credit reports from Dun & Bradstreet to assess the
creditworthiness of businesses.

The D-U-N-S® Number is recognized, recommended, and/or required by more than 200 global, industry, and trade associations, including the U.N.,
European Commission, and the U.S. Federal Government.

Dun & Bradstreet assigns businesses a D-U-N-S® Number and a "rating". These are critical factors of the business credit building process. D&B is
mainly used by vendors to determine if they will extend your company net terms, and landlords use them to approve office leases.

Dun & Bradstreet is a major player in the business credit reporting industry. It compiles the most reporting data on Net-Terms credit from suppliers and
vendors and can be the fastest profile for your company to build. The first step to establishing a credit file with D&B is getting a Dun & Bradstreet
Number also known as the D-U-N-S® Number. Did you know that a DUNS number is the most widely used number for identifying companies in the
United States? Your D-U-N-S® Number, which is linked to your company's credit report with D&B, will play an important role in enabling your business
to obtain credit.

A company's Paydex score is directly tied to its D&B business credit report. Similar to your personal FICO® score, it's a statistical measurement of your
company's creditworthiness based on reporting trade lines. The paydex score ranges from 0-100, with 90-100 considered excellent; 80 and below rated
as good, and 70 and below rated as poor.

You will need to aim for at least an 80+ score to qualify for most business finance programs. In order to accomplish this, you'll need at least three trade
references to generate a score but we recommend at least five (5) trade references reporting to D&B for starters.

Ultimately your goal should be to have 8-10 trade references reporting on each of your company's business credit reports for optimal depth, history,
and diversity.

Get Your DUNS number below! ? (It takes about 30 days)
https://www.dnb.com/duns-number/get-a-duns.html

2) Experian Business is one of the dominant players in the industry with over 27 million companies listed in its database. One major difference is it does
not allow you to self-report trade references like Dun & Bradstreet. The only way to get listed is by doing business with a creditor or supplier that
furnishes data to this specific agency.

Experian Smart Business Reports is used by many credit card companies, vendors, non-traditional lenders, and banks.

Experian Smart Business Reports allows you to see if your business has a credit file established with Experian Business. It also allows you to update your
company details if there is inaccurate information listed.

To conduct a search enter the exact legal name of your business and the City/State. If your company is listed the search results will indicate the following:

Trade Lines- This indicates the number of reporting credit accounts that are currently in your Experian Business credit report. These are made up of
Vendors, Credit Cards, Banks, Leasing Companies, etc., which show up as a trade line that is reporting your company's payment activity.

Business Credit Score- Experian Business opens your business credit file from public records. So, once you incorporate or form an LLC, Experian
Business will in most cases pick that information up from your Secretary of State records and open your file. Your business will establish an Intelliscore
(Experian's business credit score) once trade lines begin reporting payment histories on your file and are aged for several months.

Recent Inquiries- This displays as "Yes" when an outside party has checked your business credit report with Experian Business. If you see a "Yes" for
Recent Inquiries you'll definitely want to order your Experian business report to review it for accuracy.

*To view a full report of your company requires that you purchase a report from Experian Business. Keep in mind ordering your own report does not
trigger an inquiry.

The measurement for Experian's risk model for businesses is the Intelliscore Plus℠. It is a predictive credit risk management tool that accesses more than 800 variables. Experian's credit ranking score is based on major factors such as the following:

Credit:

• Number of trade experiences, balances outstanding, payment history, credit utilization, and trends over time.

• Public records: recency, frequency and dollar amounts associated with liens, judgments, and bankruptcies.

Demographic information:

• Years on file, SIC code, business size, etc.

• Scores range from 1 to 100, where lower scores indicate higher risk. Ideally, you want to aim for a 75 or higher score with Experian Business.

Check Your Experian Business Report Below! ?

https://www.experian.com/small-business/small-business-credit

3) Equifax Small Business is another agency that plays a significant role in the industry with over 80 million companies listed in its database worldwide.
This agency is said to be one of the most difficult to get listed with and the majority of its data reporters are banks and leasing companies. Similar to
Experian Business the only way to get listed is through a creditor, lender or business that supplies its payment data to Equifax Small Business.

The reason this is such a difficult agency to get listed with is because their requirements on the vendors and credit providers who would report your
payment history are more demanding than Experian Business or D&B's. Equifax manages the "Small Business Financial Exchange" and it important to
cash lenders such as banks.

Currently, most banks in the United States share their data with Equifax Small Business on their business loans and business credit cards. Therefore by
opening accounts with many of the business credit cards in our system, you will also be establishing your Equifax Small Business Credit Report and
score.

To check and see if your company has an Equifax Small Business Credit Report requires that you conduct a search. Once there, click on the ‘Company
Search’ link and provide your company information in the “Find a Company” box and click on the “Search” button. If your company shows up you can
purchase a one-time Business Credit Report or for ongoing access you can select a monitoring service for a monthly fee. If it does not show up you will
need to apply for credit in order to start building history with this bureau.

Equifax Small Business is more guarded about what their commercial scoring model is based on. However, it's safe to say a large portion of their risk
scoring model is based on making payments on time and keeping your company's report free from any public records, collections, or excessive credit
inquiries. The score used for businesses is known as the Small Business Credit Risk Score. To view a sample score report click on the download file
below.

Click link below to search for your company.?
https://www.equifax.com/business/business-credit-reports-small-business/

If you want to actively monitor both your business credit and personal credit from all three bureaus the best place to do so is: NAV.com

The 2 Goals Of Credit

Applying For Credit

There is going to be a lot of information in this module!

This is where all of the hard work we have done up until this point gets put to use!

There are 2 goals when applying for credit:

1. Travel Rewards

2. Large lines of credit

Choose one of the goals above mentioned and make sure to take action on everything taught in this module prior to applying!

The 5 Tiers Of Credit Cards

Applying For Credit

5 Tiers of credit cards:

1) Secured Cards- These are meant for people looking to build credit or for people that have bad credit and are working to get back on track. These act more like a debit card than a credit card because you have to make a deposit in order to use the card (hence the name secured cards).

2) Starter Cards- Need a minimum of a 630 credit score to be eligible for this option as these types of cards provide basic bonuses and rewards and have no-to-little annual fees.

3) Entry Travel- These cards are where credit can start getting fun but they start having annual fees as well (Don't worry I will show you exactly how to get the annual fees waived in a future module). You generally need above a 700 to get these cards. The bonuses can go pretty high (25k-75k depending on the company and the offer) and the rewards are much greater than the previous tier especially with travel expenses involved.

4) Advanced Travel- Need at minimum a 720+ usually above a 740. This is where the annual fees start getting high (450-650) but the rewards are much better and the bonuses can go all the way up to 150k points. My three favorite are the Chase Sapphire Reserve, Citi Prestige and the AMEX Platinum. With these cards you can get all of the awesome benefits including exclusive airport lounge access, early, discount event booking, luxury card upgrades, with multiple car rental companies, premium services (customer service, travel insurance, theft protection etc.) and more. It is important to look at the benefits that come with the card and call in with questions. Also, do your research on credit card forums like US Credit Card Guide because the credit card companies do not report all of the benefits as much as these inside sources do.

5) Invitation Only- These cards are granted by invitation only. Usually, you need to spend hundreds of thousands of dollars or have at least $250,000 in investments with the bank. There are ways to inflate your expenses in order to get some of these luxury cards, but this comes with more advanced tactic.

The 5 Rules Of Applications

Applying For Credit

Creditors are looking at applications based on risk. If they see you are high-risk you will be given low credit limits or worse, instantly denied. To be sure to get a successful approval make sure you pay close attention to these 5 rules.

Here are the major credit card lender requirements/ rules that are kept secretive to the public:

American Express:

1. You can have up to 5 credit cards (this does not include charge cards and lending cards.) You can sometimes bypass this rule with an authorized user account.

2. You can apply for two cards in one day, either two cards or one credit card and one charge card. Usually, at least one application will likely be put on hold as a fraud prevention mechanism, especially if you're applying for two charge cards (though some have been instantly approved for credit and a charge card on the same day.) If you decide to apply for two, confirm that they will only report one hard inquiry on your credit profile.

3. If by any chance you get declined, you need to wait 90 days to reapply for that same card. A general rule of thumb is to not apply for more than 3 cards in a 90-day period or you will get automatically declined.

4. You can no longer churn AMEX cards for the bonuses as of 2014: "Welcome bonus offer is not available to applicants who have or have had this product or the Hilton Honors Surpass Card."

Chase:

1. There is no formal limit on the number of Chase cards you can have.

2. There is a restriction on the amount of credit Chase will extend to you, which is based on your score and income level. If you have reached that level, they will not extend you new credit. However, you can call Chase's reconsideration line (1-888-245-0625) within a few days of your application and ask to shift around credit lines to get approved.

3. The general rule of thumb with this number of cards is one personal and one business card within 90-days.

4. You cannot be approved for more than 5 new credit cards within a 24-month time span (the 5/24 rule). So if you obtained 3 cards from Citi and 2 more from AMEX, Chase will deny your application. The only exception to the 5/24 rule is if you are added as an authorized user.

5. You will not be able to earn a sign-up bonus on a Chase card if you currently hold that card in your wallet or if you earned a sign-up bonus on that exact card in the last 24-months. You can however churn the card to get the bonus if you wait for more than 24-months after getting the bonus to apply for the card again.

Citi:

1. There is no formal limit on the number of Citi cards you can have, although there are rumors that there is a 7 card limit.

2. There is a limit on the amount of credit they will extend you. If you get a pending status on a credit card after the application and believe it is because you have reached your ceiling limit, call Citi's reconsideration line (1-800-695-5171) and move some credit around.

3. You can only apply for one personal card every eight days and no more than two in a 65-day window. You can only apply for one business card every 95-days.

4. If you want to churn the card to receive the bonus again, you must wait for at least 24-months after closing the card to be eligible for the bonus again.

5. You can apply for no more than one card every 8 days and 2 cards every 65-days, anything after that and the application will be rejected.

Bank Of America:

1. There is no limit on the amount of Bank Of America cards you can have.

2. You can get approved for 2 new cards in a 2-month period, 3 cards in a 12-month period and 4 new cards in a 24-month period. These rules apply to Bank of America cards only (unlike the Chase 5/24 rule).

3. Bank of America evaluates your banking relationship when deciding on your application. You are much more likely to get accepted if you have other banking products with them. Some of their rewards increase based on the amount of money you have showing in your accounts.

4. You can churn your cards for the bonuses as long as you follow the rules listed above.

Barclays:

1. Does not limit the amount of Barclays credit cards you have.

2. Most of the time they do not approve more than 1 application a day, but will combine the applications into one hard inquiry.

3. Barclays will look at your spending habits to determine whether or not to approve your new application. If you do not spend much on your current credit cards, they will not extend you new credit.

4. If you want to churn the cards for bonuses you need to cancel an existing card and then wait for a period of time before re-applying for that card (the recommended wait time is 6-months for this).

Capital One:

1. You can only have 2 Capital One credit cards at a time.

2. Capital One pulls your credit report from all three credit bureaus. This matters because new applications on your credit report affect your FICO score, other issues will usually only pull from one of the three bureaus meaning you get a chance to spread those new inquiries out.

3. Capital One will still approve you if you have one credit report frozen. This goes back to the point we made above, but basically you can freeze either your Transunion or Experian credit reports and still get approved. However, since these bureaus are slightly different in their own way, freezing Equifax doesn't look like it will be that simple.

4. You can get the signup bonus on Capital One cards more than once. As long as you're approved you should get the bonus. There does not seem to be any minimum waiting period.

5. Capital One has limits when it comes to how many cards you can have with them. Maximum of two personal cards, but only Capital One branded cards (e.g not co-branded cards like the Sony card) count. Cards that have been product changed due to other cards being discontinued do not count either (even if they are Capital One branded cards).

6. Capital One does not match higher sign-up bonuses. So make sure you're applying for the best offer.

7. You can request a credit line increase with Capital One online, once every 6-months. It's a soft pull as well!

8. They also allow you to do credit limit reallocations online. Unfortunately, we still do not know if it's a hard or soft pull, both cards need to have been opened for atleast 6-months. (Update: Seems to be a soft pull)

9. You can view what cards you're approved for online. Although I haven't seen anybody saying they were offered a higher than publicly available bonus using this.

10. Capital One doesn't really have a reconsideration department if you happen to get denied for one of their credit cards. You need to receive an official email from them with the status of your application. Once you receive this, you can then try calling one of the many numbers listed on them. (If you're new to reconsideration calls, we recommend reading this first.)

11. They do not expedite new cards. If an existing card is lost or stolen, they might expedite a card but you'll need to kick up a fuss and sometimes even pay a fee.

12. Capital One will report your statement balance as your credit used to the credit reporting agencies. So if you want to lower your credit utilization, pay your card off before the statement date closes.

13. They do not have a referral program. Unfortunately, you can't refer friends to Capital One cards & get rewarded for doing so.

14. They do not allow product changes between different cards. But they have a weird set of rules that no one outside the bank can fully understand; sometimes they'll process the request and sometimes they'll deny it. Either way, there is no hard pull.

15. Minimum spending requirements start as soon as the card is approved.

16. They will refund the annual fee if the card is canceled within 30-days of the annual fee posting.

17. Capital One doesn't really offer retention bonuses, but they'll usually waive the annual fee on your cards.

18. Capital One business credit cards DO get reported to the personal credit bureaus. Keep this in mind as these cards will show up on your credit report.

Traveling For Free!

Applying For Credit

3 steps when applying for travel cards secure bonuses:

1. Do your research to find the cards with the highest bonuses.

2. Optimize your credit score. I always suggest having a minimum of a 720 prior to applying for new credit.

3. Make sure to follow all 5 rules from the previous lesson!

In the next module, you will learn how to leverage these points efficiently to become proficient at "Award Stacking"!

Maximizing Credit Lines

Applying For Credit

If your credit is properly prepared, and you listen closely to the information in this lesson you can get 8-10 cards and over $100,000 depending on your
credit history, income, and current credit accounts.

Here are your checklist items prior to applying:
1) Do research on the cards in which you want to apply for. It will vary greatly depending on which cards you currently have and current offers made
by various banks.

2) Do as much research on creditboards.com to find out which banks pull which bureau. You can get up to 9 cards in without receiving denials from the
major banks if you plan it out strategically and freeze certain bureaus.

3) Open up two Firefox browsers and apply from home to ensure you do not get denied for having an odd IP address.

4) State the full amount of your income that you could reasonably make this year. They will usually lend up to 30% of stated income.

5) Move your credit around from 1 product to another to increase the line of credit on one product to increase the amount of new credit you get
extended. If you have 2 chase cards move the limit from one to another. Banks can justify extending the same amount of credit or more so if you have
large lines of credit you have a better chance of getting higher limits.
6) Follow all 5 of the rules except rule #3 from the "5 rules of applications" lesson.
7) Get a credit score above 750 to ensure you get extended the most amount of credit possible. Most banks have a threshold of 750 which allows you to
get pushed into the elite lending category that allows you to get offered the highest credit limit possible.
8) If you get declined, call the reconsideration line to have them reconsider the application. If you still get declined you can request a lower-level
card instead (just make sure they only do one hard inquiry). If they give you another inquiry you can call the bureau and say that it is a duplicate inquiry and
they will remove it. If you are getting a business card, tell them that you need a card to separate the income and expenses from your business and your
business is expanding very quickly.

Best 0% Cards
PERSONAL CREDIT CARDS

• U.S Bank Visa Platinum Card
  Intro APR: 0% on purchases and balance transfers for 20 billing cycles
  Regular APR: 4.74% - 25.74% Variable
  Annual Fee: $0

• BankAmericard credit card
  Intro APR: 0% on Purchases on Balance Transfers for 18 billing cycles
  Regular APR: 13.74% - 27.24% Variable APR
  Annual Fee: $0

• Wells Fargo Platinum Visa Card
  Intro APR: 0% APR for 18 months on purchases and qualifying balance transfers

Regular APR: 13.74% to 27.24%

Annual Fee: $0

• Wells Fargo Visa Signature Card
  Intro APR: 0% on purchases and balance transfers for 15 months
  Regular APR :14.74% to 27.74% variable
  Annual Fee: $0

• American Express Cash Magnet Card
  Intro APR: 0% on Purchases and Balance Transfers for 15 months
  Regular APR : 15.24% - 26.24%
  Annual Fee: $0

• AMEX Everyday Credit Card
  Intro APR: 0% on Purchases and Balance Transfers for 15 months
  Regular APR : 15.24% - 26.24% Variable APR
  Annual Fee: $0

• Blue Cash Everyday Card from AMEX
  INTRO APR: 0% on Purchases and Balance Transfers for 15 months
  Regular APR: 15.24% - 26.24% Variable APR
  Annual Fee: $0

• Capital One Quicksilver Cash Rewards Credit Card
  Intro APR: 0% on Purchases and Balance Transfers for 15 months
  Regular APR : 16.24% - 26.24% Variable APR
  Annual Fee: $0

• Capital One SavorOne Cash Rewards Credit Card
  Intro APR: 0% on Purchases and Balance Transfers for 15 months
  Regular APR : 16.24% - 26.24% Variable APR
  Annual Fee: $0

• Chase Freedom
  INTRO APR: 0% on Purchases and Balance Transfers for 15 months
  Regular APR : 17.24% - 25.99% Variable APR
  Annual Fee: $0

• Chase Slate
  Intro APR: 0% for 15 months on purchases and balance transfers
  Regular APR : 16.99% to 25.74% variable
  Annual Fee: $0

• HSBC Gold Mastercard credit card
  INTRO APR: 0% on purchases and balance transfers for the first 15 months
  REGULAR APR: 4.24%, 20.24% or 25.24% variable APR
  ANNUAL FEE: $0

• Truly Simple Credit card from Fifth Third Bank
  INTRO APR: 0% on purchases and balance transfer first 15 billing cycles
  REGULAR APR: 14.24% - 25.24% Variable APR
  ANNUAL FEE: $0

• Discover it Cash Back
  INTRO APR: 0% on Purchases and Balance Transfers for 14 months
  REGULAR APR: 14.24% - 25.24% Variable APR
  ANNUAL FEE: $0

• Discover it Miles
  INTRO APR: 0% on Purchases for 14 months
  REGULAR APR: 14.24% - 25.24% Variable APR
  ANNUAL FEE: $0

• NHL Discover it
  Intro APR: 0% on Purchases and Balance Transfers for 14 months
  Regular APR : 14.24% - 25.24% variable
  Annual Fee: $0

• Citi Simplicity Card
  INTRO APR: 0% for 12 months on purchases and 0% for 21 months on balance transfer
  REGULAR APR: 16.24% - 26.24%* (Variable)
  ANNUAL FEE: $0

• Wells Fargo Cash Wise
  Intro APR: 0% on purchases and balance transfers for 12 months
  Regular APR: 16.24% to 28.24% variable
  Annual Fee: $0

• ABOC Platinum Rewards Credit Card
  Intro APR: 0% on Purchases and Balance Transfers for 12 months
  Regular APR: 15.15% - 25.15% variable
  Annual Fee: $0

• Bank Of America Travel Rewards
  Intro APR: 0% on purchases for 12 billing cycles
  Regular APR: 17.24% - 25.24% Variable APR
  Annual Fee: $0

• Wells Fargo Propel American Express Card
  Intro APR: 0% on purchases for 12 months
  Regular APR: 16.24% to 27.24% (Variable)
  Annual Fee: $0

BUSINESS CREDIT CARDS

• U.S. Bank Business Platinum
  Intro APR: 0% on Purchases and Balance Transfers for 20 billing cycles
  Regular APR: 12.24%-20.24% Variable APR
  Annual Fee: $0

• SimplyCash Plus Business Credit Card from AMEX
  Intro APR: 0% on Purchases for 15 months
  Regular APR : 14.49% - 21.49% Variable APR
  Annual Fee: $0

• Blue Business Plus Credit Card from AMEX
  Intro APR: 0% on Purchases and Balance Transfers for 12 months
  Regular APR : 15.49% - 21.49% Variable APR
  Annual Fee: $0

• Chase Ink Business UnlimitedIntro

• Intro APR: 0% for 12-months on purchases
  Regular APR : 15.49% - 21.49% Variable APR
  Annual Fee: $0

• GM BuyPower Business

Intro APR: 0% on Purchases and Balance Transfers for 12 months
Regular APR: 19.24% Variable APR
Annual Fee: $0

• Chase Ink Business Cash

Intro APR: 0% for 12-months on purchases
Regular APR: 15.49%-21.49% Variable APR
Annual Fee: $0

• Capital One Venture One Rewards Credit Card

Intro APR: 0% for 12-months on purchases
Regular APR: 16.24%-24.24% Variable APR
Annual Fee: $0

• Capital One Spark Cash Select For Business

Intro APR: 0% for 9-months on purchases
Regular APR: 15.24%-23.24% Variable APR
Annual Fee: $0

• Discover it Business

Intro APR: 0% for 12-months on purchases
Regular APR: 15.24%- 23.24% Variable APR
Annual Fee: $0

• Bank of America Platinum Business credit card

Intro APR: 0% on purchases for 7 billing cycles
Regular APR: 11.49%- 22.49% Variable APR
Annual Fee: $0

Maximizing Credit Lines

Applying For Credit

3 things you can do to increase current credit limits:
1) Ask for a credit limit increase. They usually will give them every 6 months. You can either ask them over the phone or apply for an increase online.
Just do research prior to requesting one because if they do a hard inquiry on your credit you are better off just getting a new card.

2) If they require a hard inquiry you can just max out the card and pay it off twice a month. Usually, after 3-6 months they will increase your credit limit
on the card.

3) Update your KYC (know your client) information specifically your income when it increases. The higher your income is, the higher the credit limits you will get.

Here are some rules for major banks:

American Express

• Amex sometimes uses a hard inquiry.

• You must wait 60 days after opening an account to request an increase.

• You’ll either receive immediate approval or a message saying a decision will arrive by mail in 7 to 10 days. (The latter usually means they’re reviewing your request manually.)

• You must wait 180 days after being approved for a credit limit increase before requesting another.

Bank of America

• Will typically do a hard pull on your credit before making a decision. For small increases (under about $2,000), it may only be a soft inquiry.

• In some cases, you must be an account holder for at least six to 12 months before you can request a credit limit increase.

• Although you can usually make your request online, you’ll need to call customer service if you don’t see the option in your account.

Barclays

• Like many other issuers, Barclays will periodically review your card account to determine whether or not it’s eligible for a credit limit increase.

• You can request a credit limit increase or decrease online, and usually will receive a decision instantly.

• You must wait four months after your credit limit is increased before requesting another increase, and you must wait six months after a limit
  decrease to request an increase.

• If you’re not approved for the increase you request, Barclays may offer a smaller increase instead.

Chase

• Usually employs a hard credit inquiry.

• Though Chase used to allow customers to request credit limit increases online, you must now call the number on the back of your card.

Citi

• If you request a credit limit increase through your online account, you’ll either be instantly approved or sent through to a manual review. (If you’re rejected, it may be the result of a recent increase.)

• In a manual review, you may have to restate your income and list additional bank account information so Citi can check your balances. If you agree to a manual review, it will require a hard credit pull.

• You can also choose to wait, as Citi may provide automatic credit increases periodically.

• Generally, getting a Citi credit limit increase should only result in a soft pull as Citi states, “A credit bureau report will not be requested and you will receive an instant decision.”

Discover

• Discover may allow you to request a credit line increase for a specific amount.

• It will start with a soft inquiry and may approve you instantly. In that case, you may be given a maximum amount by which you can increase your limit (you can opt for a smaller increment if you prefer).

• If you’re not instantly approved, Discover will perform a hard inquiry.

• If you don’t want the hard inquiry, you can choose to cancel at this step and then just wait, as Discover typically increases credit limits over time for responsible users.

U.S. Bank

• Performs a hard inquiry for credit limit increase requests.

• You may be able to request an increase online. If you don’t find a link in your account, you’ll need to call customer support.

• You can decrease your credit limit by calling customer support, too.

USAA

• Conducts a hard inquiry.

• You can request an increase online or over the phone.

Wells Fargo

• You may be eligible for a credit limit increase after your account has been open for at least a year.

• To request an increase, you must call customer service. You can try asking the representative to only do a soft inquiry. If they refuse, you can try hanging up (politely) and calling back.

Capital One

• Capital One allows credit limit increase requests at any time, though it generally declines requests from accounts that haven’t been open for at least six months.

• In many cases, you’ll receive a letter with the decision in approximately 10 business days.

• Some Capital One cards will automatically increase your credit limit after you make your first five payments on time, like the Capital One® Platinum Card (Review), QuicksilverOne® Card (Review), and Journey® Student Card.

What Is Award Stacking?

Keys To Effective Award Stacking

Welcome to award stacking week!

By now we should have optimized our credit scores, researched the best cards to get, and finally applied for them. Now I am going to show you how to secure the bonuses and use the points in the most efficient way possible.

Keep in mind that this module is for the individuals that value traveling for free over having high lines of credit. And for that reason we will be applying for 2 cards every 2 months, securing the bonuses and leveraging the points.

The 3 Types Of Points

Keys To Effective Award Stacking

1. Cash Back- These can only be used for cash and gift cards. These are the least valuable points and should be sought out only after exhausting all the credit cards in the following two categories.

2. Travel Miles- These points are the next most valuable. While they redeem very similarly to redeemable points for travel, they are limited by the amount of carriers you can use with them. Most of the time you can only use those miles with that airline or within that specific airline alliance.

3. Redeemable Points- These are the most valuable points! They can be used just as cashback and miles are used, but they also have other ways in which you can utilize them. If you are travel hacking you should get all of these cards and take advantage of the bonuses then move on to miles. Examples of these cards are any card that is with a major bank and used for travel. My 3 favorites are Citi Prestige, Amex Platinum, and Chase Sapphire Reserve.

Tip: Get as many redeemable points and cards as possible, then move on to miles then to cashback.

Point Valuations

Keys To Effective Award Stacking

Just because there is a huge offer like 150,000 bonus points does not mean it is a great deal. Many hotel cards will have annual fees that are much higher than the bonus point value. Make sure you are aware of how much the points are worth if you are choosing a card for the sole reason of securing the bonus points to travel (award stacking). Remember, always do your research before applying.

Which points are worth the most? The link below is a highly recommended source to find this out. It will provide you with accurate valuations that are updated monthly!

? Point Valuations (https://thepointsguy.com/guide/monthly-valuations/)

Introduction To Manufactured Spending

Meeting Spend Requirements

Manufacture Spending- the process of buying items on credit that can be converted to cash e.g. a gift card. The cardholder then uses the cash to pay the bill on the card which means he earns rewards without spending any money.

I suggest only using manufacture spend when you really need cash or need to meet
spending requirements. I highly recommend just switching all of your expenses over
onto the new cards that you get first. If you can't seem to meet the requirements after all your expenses then use manufacture spending in order to secure the bonus.

If you are looking to make money with Manufacture Spending, you must understand
you are at risk of getting your accounts shut down and blacklisted from whatever
bank you are doing this with.

If you believe you can make a full-time income from the manufacture spend method, you are in fantasy land. New methods of MS come just as quickly as they go. It is not a sustainable full-time income.

I recommend putting your energy into creating a real business and with that, the
income and points will come. Let's build a relationship with these banks and not rip
them off.

Manufactured Spend Technique #1

Meeting Spend Requirements

Plastiq can help you pay any bill or vendor you want, even purchasing a business, with your credit card. Here are some key takeaways from our conversation:

Plastiq has a 2.5% fee for using our service. This is tax-deductible and there are no
ongoing monthly or annual fees.

As of today, AMEX is limited in the payments we can charge only allowing payments for personal rent, taxes, tuition, utilities, and club fees. Some personal visa cards are
restricted.

In order to process a payment, they do need proof of a good or service being
exchanged - this can be a contract or any kind of invoice you receive.

Money can be sent in 3 ways:
Checkr, which takes 7-10 days
ACH, which takes 3-5 days
Wire, which takes 1-2 days but has an additional $30 fee for payments under $20K.
Here's the link to the site: Plastiq (https://www.plastiq.com/a/)

Manufactured Spend Technique #2

Meeting Spend Requirements

Bank account funding- Funding new bank accounts with credit cards.

This is an awesome way to get those bank account bonuses I have posted in the
beginning of the course to go along with meeting spend requirements to meet the
credit card intro bonus. I recommend calling the credit card company and just setting your cash advanced fee to $0 prior to doing this just in case. You should never do a cash advance from a credit card anyway so you could just leave that restriction on the card.

Click the link below to find the accounts in which you can fund with credit cards.

? https://www.doctorofcredit.com/does-funding-a-bank-account-with-a-credit-card-count-as-a-purchase-or-cash-advance/

Manufactured Spend Technique #3

Meeting Spend Requirements

Gift cards are my least favorite method of manufactured spending. If you decide to go this route:

1) Make other regular purchases on the credit card first. One of my best friends got
blacklisted from chase (all accounts shut down and cannot open new accounts)
because he bought 2 gift cards from Walmart.

2) Do not buy any gift card. Go to Simon Malls or at least verify they use Metabank and have PIN codes.

3) Don't buy more than $1,500 at a time (they usually have $500 limits)

Below are the sources referenced in the video
? Gift Card Buying Guide

(https://frequentmiler.com/manufactured-spending-complete-guide/)
? Blue Bird

(https://www.bluebird.com/)

Manufactured Spend Technique #4

Meeting Spend Requirements

Using merchants like this is the best way to pull small amounts of cash out of
credit cards (under 25k). As stated in the video if you are going to be sending much
more than a couple thousand dollars I recommend sending it to a friend. If they see
you just paying yourself large sums of money over 10k it can flag their systems.

If you want to take advantage of no transaction fees on your first $20,000 with stripe
you can sign up for your founders card here:

Founders Card ?

https://founderscard.com/inquire?code=FCJEFF100

Manufactured Spend Technique #5

Meeting Spend Requirements

Manufacture spending is always changing. New methods come just as quickly as they leave. Being aware of the deals and having the understanding of manufacture
spending is what will allow you to catch new promotions and capitalize on them.

The return hack discussed in the video has been around just as long as the US Mint
coin example. This will be your most viable option if you are looking to manufacture
spend as soon as possible.

Here is the article about the US Mint coins if you want to read into it:

US Mint Coins ?

https://www.businessinsider.com/us-mint-ends-the-dollar-coin-scam-for-airline-miles-2011-7

The 3 Airline Alliances

Booking INSANELY CHEAP Flights

When booking travel it is best to first find out which part of the country you want to
travel tor then find the airlines that go there and search my spreadsheet below to find which alliance they are in. Once you have found the best alliance to book with, you can start deciding where you want to transfer your points to book the flight!

Click the link below to see the details on each alliance!

? The 3 Airline Alliances https://docs.google.com/spreadsheets/d/17R4yMk8EHLIZGhtEqf0zuoFnnJE3ddSYDeE7HL6dBgQ/edit#gid=0

Zone Based vs. Distance Based Charts

Booking INSANELY CHEAP Flights

Each airline has their own pricing model. They will either use a zone-based, distance-based chart or a combination of the two. Usually, the distance-based airlines have more value with points for shorter distances and the zone-based is better for longer trips. It is important to compare these with each airline after you pick the best alliance for your trip. I will go more in-depth into this here in the next video.

Booking Cheap Flights (1/3)

Booking INSANELY CHEAP Flights

1) Find the price of the flights using the resources below!

2) Find out where you can use your points (which airline alliance you can book with)

3) Figure out which airline is priced the best and easiest to book with points. Look to see which airline has the cheapest flight and fits your schedule best.
You will likely need to compare prices between airlines that use zoned based and distance-based charts

4) Find the best search engine for the alliance to better compare prices easier and quicker (I am going to give you a more wholistic search engine in the
next module). I will use the headliner airlines to search for the flights within the alliance (Delta, United, American Airlines)

5) Call the airline you are going to book with (if you are booking with another airline that is not where you are holding your points) and state the exact
flight, time, date, and book the flight with your points!

Here are some resources I use:

https://skiplagged.com/

https://www.hopper.com/

https://scottscheapflights.com/

https://www.airfarewatchdog.com/

https://www.skyscanner.com/

https://www.delta.com/

https://www.aa.com/homePage.do

Booking Cheap Flights (2/3)

Booking INSANELY CHEAP Flights

There are 3 options when booking with redeemable points:

1. Transfer points into airline and book directly with the airline.

2. Pay for your flight with your credit card, then redeem with points by calling the credit card company after the transaction has posted.

3. Use the rewards site for whatever credit card company your points are held at.

Booking Cheap Flights (3/3)

Booking INSANELY CHEAP Flights

Find out where you spend the most money and pick the best credit card for that category of spend. If you do this, you will be able to travel for free quite often without even having to apply for new cards. To get the most value from your points, you will need to upgrade your seats. I usually call in and speak to an agent with the airline to see which upgrade is the most valuable.

How To Get Half Off Flights (with no points)

How To Travel Hack

I love this hack for short trips! It works around 30-40% of the time and is excellent
when booking last-minute domestic flights. It is not good for long trips because you
cannot check a bag!

I also just book these flights with my credit card then once the transaction posts, then I call back in and tell them to redeem the purchase for points so I don't pay a dollar for the flight.

Here are the resources that are shown in the video:

Software: ?

http://matrix.itasoftware.com/

Airport Codes: ?

https://docs.google.com/spreadsheets/d/17R4yMk8EHLIZGhtEqf0zuoFnnJE3ddSYDeE7HL6dBgQ/edit#gid=0

How To Fly First Class At A Low Price

How To Travel Hack

(See details mentioned in video)

How To Get 50% More Value From Your Points

How To Travel Hack

Chase is one of the best banks for awesome travel cards. Chase and American Express are by far the cards I utilize the most. Getting this trifecta will help you immensely in getting the most value out of your points.

If you do not have any Chase cards yet I highly suggest setting up a personal checking account and then applying for the Freedom credit card when your score is above 680. Once you have that completed, make some payments on that card then go for the Ink Business Preferred and the Chase Sapphire Reserve. You can always do a product change to the Chase Sapphire Reserve after 12 months of having the Freedom.

One thing I want you to note is being aware of how valuable the bonus offer is on the Business Ink Preferred. These offers change periodically but I want you to realize just how valuable some of these cards can be when you compare the small annual fee to the large bonus that comes with the cards. Remember you can always do a product downgrade if you do not want to pay high annual fees on cards.

You can apply for the Chase Business Ink Preferred here.?

https://creditcards.chase.com/a1/InkBusinessPreferred/8tk?CELL=6RRW&jp_cmp=cc/Ink+Preferred_Brand_Exact_Ink+Preferred_SEM_US_NA_Standard_NA/sea/p56083348036/Chase+-+Ink+-+Preferred&ds_rl=1238399&ds_rl=1238417&ds_rl=1268784&gclid=CjwKCAiA_Kz-BRAJEiwAhJNY7z5ahoW2YToFustEJ23AiGg-U9mIfAZoy6GVqY_ydri7dtGH5Wvj4BoCpHMQAvD_BwE&gclsrc=aw.ds

Understanding Corporate Codes

How To Travel Hack

Click the resource link below to find your own codes online!

? https://lazycpm.com/hotel-corporate-codes/

How to Hack Airbnb

How To Travel Hack

The vast majority of Airbnb's can be negotiated very easily!

3 steps when negotiating Airbnb's:
1) Find out the total price you want to pay for your stay.

2) DM 1 host of a property you like that the price is too high using the script in the
video. Then copy and paste that message to several other hosts. I usually do 3-5
hosts.

3) Wait until you receive a special offer that you want and book it!

Remember, this is best done a day or two prior to the booking date but can be done
in advance. Also, if you are staying longer than a week make sure to get the extended stay discount!

How To Travel For Free

Exclusive Bonus Material

There is one hack that allows you to travel literally for freer although sometimes you
may have to pay taxes.

Find an employee that works for a hotel or airline and ask them to add you as a
companion. When they add you, you will get free stay (sometimes discounted stay
depending on the companies policies).

If you don't know someone that works for a hotel or airliner get creative!