Summary of Why I have 11 Credit Cards…

00:00:00 - 00:10:00

The video discusses the reasons why the author has 11 credit cards, which include getting bonus points and free perks. The author also mentions that, if you are a responsible adult, you can get a lot of freebies without spending a dime in interest.

• 00:00:00 Graham has 11 credit cards, all of which he keeps open just for the benefits and perks he receives. He does not use any of them regularly, but has a long history with them and has a low utilization rate. Having a high credit score is important to him, and he keeps this by paying off his cards on time and never having a late payment.
• 00:05:00 The video discusses the reasons why the author has 11 credit cards, which include getting bonus points and free perks. The author also mentions that, if you are a responsible adult, you can get a lot of freebies without spending a dime in interest.
• 00:10:00 The YouTube author has eleven credit cards and has no idea whether having that many credit cards has any negative impact on his credit score. He does not believe it does, and his score covers a range of about 770 to about 790. He recommends watching the "credit shifu's" channel, reading the Point Guys blog, and following the Reddit "churning community" for more information on this topic.