Digital Social Hour
Leverage Credit Cards to Fund Your Next Big Idea | Kyle Cowans DSH #1328
15 Apr 2025
Ready to fund your next big idea? 💡 Discover how to leverage credit cards like a pro and unlock endless possibilities for your dreams! In this episode of the Digital Social Hour, Sean Kelly sits down with financial expert Kyle to reveal insider strategies for building your credit, avoiding costly mistakes, and using credit cards to fuel your business ventures. 🚀 From boosting your credit score with simple tips to turning 0% business funding cards into powerful tools, this conversation is packed with valuable insights you can’t afford to miss. 🏆 Learn the secrets to maximizing rewards, protecting your finances, and even converting credit to cash without paying high fees! 💳✨ Don’t let bad credit hold you back—this episode is your guide to harnessing the power of credit responsibly and effectively. Watch now and subscribe for more insider secrets. 📺 Hit that subscribe button and stay tuned for more eye-opening stories on the Digital Social Hour with Sean Kelly! 🚀 CHAPTERS: 00:00 - Intro 00:45 - Getting Started with Credit 01:16 - Improving a Low Credit Score 03:15 - Identifying Credit Repair Scams 06:16 - Importance of an 800 Credit Score 08:32 - Understanding Other Credit Reporting Scores 11:17 - Accessing 0% Business Funding 15:28 - Debit Cards vs. Credit Cards 18:28 - Building Credit Without a Credit Card 19:24 - Costs of Poor Credit 21:54 - Evaluating Advice from Credit Karma 24:06 - Importance of Credit Score Usage 26:28 - Removing Late Payments from Credit 27:58 - Eliminating Late Payment Fees 31:48 - Cash Advances from Credit Cards 35:02 - Finding MoneyHacker Resources 35:38 - Outro APPLY TO BE ON THE PODCAST: https://www.digitalsocialhour.com/application BUSINESS INQUIRIES/SPONSORS: [email protected] GUEST: Kyle Cowans https://www.instagram.com/that_moneyhacker/ SPONSORS: AIRES TECH: https://airestech.com/ NORTHWEST REGISTERED AGENT: https://www.northwestregisteredagent.com/socialhour PROLON: http://prolonlife.com/DSH LUMATI: https://www.lumati.com/dsh LISTEN ON: Apple Podcasts: https://podcasts.apple.com/us/podcast/digital-social-hour/id1676846015 Spotify: https://open.spotify.com/show/5Jn7LXarRlI8Hc0GtTn759 Sean Kelly Instagram: https://www.instagram.com/seanmikekelly/ The views and opinions expressed by guests on Digital Social Hour are solely those of the individuals appearing on the podcast and do not necessarily reflect the views or opinions of the host, Sean Kelly, or the Digital Social Hour team. While we encourage open and honest conversations, Sean Kelly is not legally responsible for any statements, claims, or opinions made by guests during the show. Listeners are encouraged to form their own opinions and consult professionals for advice where appropriate. Content on this podcast is for entertainment and informational purposes only and should not be considered legal, medical, financial, or professional advice. #DigitalSocialHour #LeverageCreditCards #SeanKelly #Podcast #ApplePodcasts #Spotify #Kyle #FinancialTips #BusinessFunding #CreditScore #Entrepreneurship #funding #creditrepair #creditcardstipsforbeginners #automaticpaymentcreditcard #creditcardbeginnermistakes
Full Episode
be 389 and not understanding how interests work all i just wanted was the car to get around yeah i looked and compared it i was i could have bought a camry i mean i could have bought a bmw you know like three series or something like that but instead i'm driving toyota camry nothing wrong with toyota but just based on what i'm spending it didn't make sense
All right, guys, got Kyle here. We're going to talk credit. Super important topic, right? Yes, sir. Sure. Very big topic. Especially these days with a potential recession looming, right?
Yeah, it's probably never been more important. Having access to capital, having access to low rates as far as borrowing, even in emergency situations, people are going to need it. So this is going to be very important. Absolutely. How could someone watching this get started with credit, like find out where they're at?
Well, they could just pull their report from my favorite two sources or myfreescore.com. rmyfreescorenow.com, as well as annualcreditreport.com. That one's really cool because you get to see things like your full payment history in detail from all three bureaus, and you can get to pull it weekly. So you don't have to worry about waiting a month or a year or whatever the case may be.
So take advantage to see their credit report with those two resources. That's good to know. And then from there, what should people do if they have a low score?
It depends, right? So low scores can come from a couple of things. You can have negative items, but then you can also just have a weak profile with no history at all. So I don't know if you remember when you turn 18 or when you were in like your early 20s, did you just readily get approved for things right off the bat, like a car, right? That's a weak profile.
They have to determine which one it is. Negative items, is it weak and not enough, or is it a combination of both? If it's weak, you can just do some simple things like add some basic trade lines, like self. If you're familiar with that, it's a credit builder account. You basically put some money to a side,
You pay, you choose your terms, years or whatever the case may be, whatever's affordable to you. And it reports to all three bureaus and it reports payment history. It's a new trade line and it doesn't hurt your utilization, right?
There are things like secure cards, Discover It, that if you practice good behavior, what'll happen is early as six months, they'll convert it to an unsecure card and probably bump your limit up. So there's all types of things people can do to add to their age or add to their credit profile to increase it. Now, let's say if it's negative, on the other hand, you got a couple options.
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