Summary of "High Limit Credit Cards With No Hard Inquiry! Bad Credit Ok ✅"

Summary

The video discusses three credit cards that offer high credit limits with no hard credit inquiry, suitable even for individuals with bad credit (credit scores under 700). Obtaining larger credit lines can help improve credit scores by lowering utilization and building credit history with primary lines of credit (in the applicant’s own name).

Credit Cards Featured

1. Yendo Credit Card

Uses your car’s equity (2007 model or newer) as collateral to provide credit lines up to $10,000.
Suitable for all credit scores.
No hard inquiry during pre-approval (2-3 minutes).
Process:
- Pre-approval by submitting car information.
- Verification via photos of car and ID.
- Drop off car title at one of 93,000 retail partners.
- Instant virtual card access; physical card mailed.
If car is paid off: get line of credit up to $10,000.
If car has payments: can transfer loan to Yendo, reduce monthly payments, and gain additional credit.
Factors affecting limit: car value, credit history, income/expense ratio (recommended income around $60,000/year).
APR: 29.88% (compared to Chase Sapphire Reserve APR of 26%).
Annual fee: $40.
Cash advances available.
Warning: Card is secured by your car, so responsible use is critical.
Helps build credit by reporting to all three major bureaus.

2. Carrot Credit Card

Designed for social media creators (TikTok, YouTube, Instagram).
Approval based on social media following and engagement, not credit score.
No hard inquiry on application.
Acts as a charge card: balances must be paid in full every 30 days (no interest).
Reports to major credit bureaus to help build credit.
Credit limits can be as high as $25,000.
Custom metal card with personalized branding/logo.
Intended for business-related expenses such as ad spend, Amazon inventory, PayPal, travel, dining, gas, cameras, gaming.
Revenue model: earns from merchant fees, no interest charged.

3. Apple Credit Card

Underwritten by Goldman Sachs.
Pre-qualification available with no impact on credit score.
Reported approvals for credit scores as low as 600.
Uses TransUnion credit bureau.
Strategy to avoid hard inquiry: pre-qualify, then lock TransUnion report before applying.
Transparent about pre-qualified credit limits before application.

Key Takeaways & Recommendations

Increasing your primary credit lines (not just authorized user accounts) can boost credit scores by reducing utilization.
Cards with no hard inquiries allow credit building without immediate credit score impact.
Use secured credit lines responsibly, especially when collateral (like a car) is involved.
Alternative credit approval methods (like social media metrics) open doors for non-traditional borrowers.
Monitoring and managing negative credit items can improve approval chances.
The video promotes additional coaching and credit repair services (disclaimer: not financial advice).

Disclaimers

The Yendo card has a high APR (29.88%) and a $40 annual fee.
The card is secured by your vehicle, so missed payments could risk repossession.
Users are encouraged to use credit responsibly.
The video is educational and promotional; viewers should conduct their own due diligence.

Presenters / Sources

The video is presented by a credit coach/content creator (name not specified).
Mentions personal experience with Chase Sapphire Reserve card.
References personal coaching and AI credit repair software services.

Assets / Sectors Mentioned

Credit cards (Yendo, Carrot, Apple Card)
Collateralized credit (car equity)
Social media influencer economy as a basis for credit approval
Major credit bureaus: Experian, Equifax, TransUnion
Financial product features: APR, annual fees, credit limits, hard inquiry vs soft inquiry

This summary focuses on the finance-related content around credit card products, approval methodologies, credit building strategies, and risk considerations.