The Rich Somers Report

Exposing Credit Card Hacks They Don't Want You To Know | Jack McColl E344

May 10, 2025

Jack McColl, known as “The King of Debt,” is a savvy entrepreneur and founder of Credit Stacking. He shares his incredible journey from zero business credit to securing $500,000 in under a year. The conversation dives into maximizing credit card benefits, with tips on 0% interest capital and recommending various credit cards for travel and business. They also discuss balancing fitness with professional success, thrilling adventures like kitesurfing in South America, and the lavish comforts of first-class flying. Jack’s insights are sure to inspire entrepreneurs looking to finance their dreams.

52:48

Episode guests

Jack McColl

AI Summary

AI Chapters

Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Utilizing 0% interest business credit cards can provide significant funding opportunities for entrepreneurs without immediate financial burdens.

Travel experiences, such as a five-week trip across South America, promote personal growth and mental resilience alongside professional success.

A proactive financial strategy in real estate investment, including cash-out refinancing and strategic borrowing, is essential for maximizing returns and staying ahead of market trends.

Deep dives

Investing in Boutique Hotels

The episode highlights the potential for investing in boutique hotels, especially in light of tightening Airbnb regulations and the growing number of retiring baby boomers. It emphasizes a free webinar hosting strategies for entering this market, featuring successful case studies and practical financial analysis. The discussion encourages listeners to leverage opportunities in a changing rental landscape, such as capitalizing on unique accommodation offerings that cater to specific traveler interests. A special giveaway during the event is mentioned, aimed at incentivizing participation and increasing engagement.

Intro

2min

Adventure and Balance: Sports, Travel, and Health

13min

The Impact of Fitness on Confidence and Success

2min

Luxury in the Skies: Emirates and Etihad Uncovered

6min

Unlocking Luxury Travel with Credit Card Points

3min

Optimizing Business Credit for Strategic Purchases

18min

Exploring Empty Legs and Future Dreams

9min

On today’s episode Rich sits down with Jack McColl “The King of Debt” - Entrepreneur, Founder of Credit Stacking, and Business Credit Coach. Jack, better known as “The King of Debt,” has been featured on Market Watch, Disrupt Magazine, Yahoo Finance, and Forbes. He is a self-made mogul who went from having zero dollars in business credit to being approved for $500,000 in a little more than a year. Jack has mentored thousands of entrepreneurs, helping them get access to hundreds of thousands of dollars of 0% interest capital to start, scale, and finance their businesses.

Rich and Jack start off by discussing Jack’s first episode with Rich (Episode 68), Jack’s 5 week trip to South America, Columbia and kitesurfing, skydiving in Venezuela, Jack’s passion for sports and hobbies, Jack’s favorite automated business services, optimizing business, and Jack joining the 800 club for testosterone levels and credit scores.

They then reflect on their favorite exercises, the importance of physical fitness, what it’s like showering on planes, comparing first class airlines, accumulating credit card points at different banks, Jack’s experience helping clients secure $150,000 0% interest business credit, the AmEx Business Gold and Platinum cards, and the Wells Fargo’s Autograph Journey Card.

Lastly, they talk about buying assets with business credit, the AmEx business card pros and cons, which cards Jack recommends using, the Bilt Credit Card, tools to keep track of debt payments, the Wheels Up AmEx Travel experience, Private Jets, Set Jet, Elon Musk’s Starlink Satellites, Jack’s big move to Utah, Rich’s experience as a pilot, and Kris Krohn.

Join our investor waitlist and stay in the know about our next investor opportunity with Somers Capital: www.somerscapital.com/invest.

Want to join our Boutique Hotel Mastermind Community? Book a free strategy call with our team: www.hotelinvesting.com.

If you're committed to scaling your personal brand and achieving 7-figure success, it's time to level up with the 7 Figure Creator Mastermind Community. Book your exclusive intro call today at www.the7figurecreator.com and gain access to the strategies that will accelerate your growth.