According to the video, climbing the credit card ladder is a stepwise function where you gradually move from a secured card to a premium tier card. There are five tiers: base, beginner, mid, premium, and ultra premium. Each tier has a credit score requirement, types of cards, time you should expect to be at the tier, and the ultimate objective you need to reach to move to the next level.

The video talks about the benefits of climbing the credit card ladder such as building credit, saving money, and premium travel. It also goes into detail on what to look for in a card at each tier. For example, at the base tier, the credit score requirement is not very high and the cards you will qualify for are secured cards or student cards. The goal at this tier is to learn how to use a credit card responsibly by paying your bills on time and in full.


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