The PROBLEM with 2% Cash Back Credit Cards
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- Опубліковано 29 чер 2024
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Thanks for watching everyone! Be sure to help out my channel by giving this video a like! More people will see and learn about 2% cards if you do!
Additionally, all three of these 2% cards have had limited time or targeted SUBs in the past. If you see them or use them, then great! But I think most average people who go for these cards take the public offers advertised and those don't include SUBs. People just have to be aware what they are giving up!
Jake you can always get citi AA Or premiere or prestige and PC to citi DC
Yep! Product changing in to the Double Cash from a better Citi card with a SUB is also a winning strategy to avoid multiple hard inquiries and new account openings!
I was about to say Fidelity has 100 dollar SUB as well as PayPal has something too but it's targeted.
I cannot express my feelings nor gratitiude over this video. Jamie did a great job
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Have a fidelity account but reading reviews even they do not like that card ... and of course they want the money managed (if they can make my apple stock worth more I want to talk)
"The PROBLEM with 2% Cash Back Credit Cards" starts at 6:20
More or less, haha. Thanks Steven!
Thank you for this sir. Gonna exit the video now
Awesome work!
It's videos like these that earned my sub a few months back. You have a habit of forcing viewers to look at CC's from a different angle, looking past the marketing hype getting into how the math ACTUALLY works. Keep up the great content.
Thanks Donald! I love thinking about this kind of stuff and these tricky banks definitely don't want to make it easy for us. I'm going to keep reverse engineering their math until I understand it all, lol.
Can we all just take a moment to appreciate Jake switching up his background for every video?
He does?!
Gold Skull he’s an underrated LEGEND.
@@shzwon123 he switches up the posters behind him.
I think this is only the 3rd comment ever on my channel of people mentioning my backgrounds, lol. I just ordered 3 more, coming soon!
@@JakeBroe keep up the good work 👍
You could frame this as "ongoing earnings take a long time to catch up with bonuses" in general. It all comes down to willingness to juggle accounts, amount being spent, and ability to get approved. Even the elusive 3% cash back cards aren't enough to offset someone willing and able to change cards every month.
Hey David! I agree, this is why SUBs matter so much. I just wanted to show the math and you correctly pointed out that even a 3% card would take a long time to overtake a good SUB on a lower percent card. If people feel like jumping from card to card every 3 months... they realistically could do this forever and would be better off financially. Cheers!
Hello Jake, this is one of the best videos I have watched on credit cards. Prior to watching this video, I had assumed that 2% cards are better than 1.5%, but failed to consider sign up bonus. Thank you Jake to make all of us wiser 👍.
Thanks for the comment and feedback James! Cheers!
Wow!!! This was impressive info! I was even considering the Citi 2% cashback card.
Thanks CFont! If you want the Citi Doublecash, I recommend getting the Citi Premier for its nice sign up bonus, pay the annual fee for the first year, then downgrade the card to the Doublcash after year 1. Cheers!
Hey Jake, today's class illustrates why you are the CC Guru. Also, comments from Jake and Alex took this subject to the next level. Best original cc video. 🤯
Thanks so much Anvil! I appreciate that! Cheers!
You touched briefly on the optimal solution. Sign up for a different Citi card with a good sign up bonus like the AA Platinum card and then product change it to the DCC card after on year.
Yep, if people want the CDC, then they should get a different Citi card with a SUB and then just product change after a year. No opportunity cost lost on the hard pull!
Good video Jake, this underscores the value of my Wells Fargo Propel. 3% on all dining purchases plus the $200 sign up bonus. I also have the PP MC & Cash Magnet.
I agree Bradley! It's a great card!
This video is an example of why I jumped on the NFCU Flagship Rewards Visa when it had the 50K Point sign up bonus. That was a very useful $500. 2x miscellaneous and 3x travel.
That's a great card for those that can get access to it!
Nice video Jake! I personally love these types of videos. I definitely hadn’t thought about it the way you explained in this video. Totally game me a different perspective. Great job!!
Thanks for watching and the support WYW! Cheers!
Very solid advice here! It’s absolutely worth it to sit down and do the math!
I love running the numbers! Cheers Schieff!
I am deciding between a 2% cash back card and the chase freedom unlimited for my next card. So glad I came across this video! I’ll definitely be going with the chase now.
Awesome Mth! I am glad you found me video. Cheers!
Great comparisons! Keep up the good work.
Thanks Willie! I'll do my best!
Mind blowing perspective! Glad you made a such intelligent video topic..again!
Good video. Never thought about things like this. I think I'll be switching cards alot.
Thanks Phil! Cheers!
I subscribed because of Savanah and Graham. Glad I did, your videos are great and informative!! Great work👍🏽👍🏽
Thanks so much Luis! I am glad to have you with us. Cheers!
Awesome comparison video and perfectly detailed
Thanks Felix! Cheers!
Excellent Presentation!!! Thanks kind sir.
You are very welcome Juan! Cheers!
Probably the most significant breakdown video of which card makes the most sense at the start. After a couple years you will climb the credit card tier ladder more than likely. No reason to ever get any card that doesn't have an signup offer. Excellent, informative video.
Thanks David! Glad people are finding it informative. Cheers!
Hi Jake! The Fidelity Rewards CC currently has a $100 sign up bonus w/1k spend in 90 days. Saw it when I log into my Fidelity app on my phone.
Also, the PenFed CC is offering $100 bonus on a 1.5k spend.
Yep, these cards all have targeted SUBs sometimes, I just wanted to let people know they need to find those rather than just applying for the card without a SUB (like I did last year).
Great video Jake! Another option is to have both a 2% card and a 1.5% card. I have the Citi double cash and the BofA travel rewards card. I use the BofA card for foreign online purchases, thus getting more than the default 1% in that category. It sounds like the PayPal Mastercard would have been better in this respect but I like being able convert cash to Citi Thank You Points. I guess there are always tradeoffs.
For sure! There are lots of different ways to do this. I'm just trying to highlight the math of why SUBs matter so much. Cheers John!
That's some Legit info. Great Video!
Thanks Tony! I appreciate that!
Great information. Thank you Jake.
You are welcome Carl! Cheers!
Brilliant! Video of the year!
Thanks Robert! Cheers!
No other channel mention the math behind credit cards like u did! I have no regrets subscribing to ur channel!
Thanks for this video, very interesting.
You are welcome Christine! Cheers!
Great point - thanks!
Thank u for this video. I am subscribing to your channel. You are a good educator.
Thanks so much Cb! Welcome to channel. We are happy to have you!
Nice vid Jake. Great info👍🏾
Thanks Glenn!
Great vid. Love your content jake
Thanks Banter! I appreciate the support. Cheers!
Great video, you should have one upped wallers wallet with a iron man shirt though.
I'll have to get on Amazon and make this happen!
I’ve been debating between either the Citi Double Cash and the Chase Freedom Unlimited. Thank you for this video!!
You are very welcome! Cheers!
Good point👍🏾👌🏾
Cheers!
This is a great video !!
This is a great comment Joseph! Cheers!
Thank you for the comparison sir! I have the Citi Dbl Cash, and also the QS with Cap One, and the Freedom Unlimited. I believe that Citi although is a keeper card for me, using the point system as a carrot on a string. I do not like the min redemption limit vs Cap One which will let you redeem a nickle if you want. I use the Dbl Cash for bill pay and get a free water bill about every 6-7 months basically with the redemption of cash back.
Hey Elliot! The DoubleCash is still a keeper card forever for me! I don't see Citi every changing the benefits (because of the name), but I could see them some day maybe taking the card off the market and no longer making it publicly available. We'll see!
Very interesting to see the math here, and the value of chasing sign up bonuses. Personally I'm focusing on getting cards that will give me good long term value as opposed to sign up bonuses, but once I get those then I'd shift to putting my spending on those that would give me a good sign up bonus instead of just putting spend on a 2% card.
In the long run, I think everyone still needs a 2% card! These cards have all offered SUBs in the past, so you just have to look out for them and not discount the value they bring. Cheers!
I've had the PayPal MC for about a year. Like you mentioned, it's much easier to be approved for. In my opinion, the ONLY somewhat "not great" part about this card is their antiquated app experience through the PayPal app. I actually go out of my way to make my payments via desktop because I dislike the app experience so much. Other than that, nothing but good things to say!
I don't actually have the card myself, so that's good to know the app is not that great. Thanks for the comment Kyle! Cheers!
Get the citi premier and the 60k sign up bonus the. Downgrade to double cash
BINGO... this guy gets it, haha
You're absolutely correct. What Jake should say is never apply for the Citi Double Cash as a new account if you have good credit and other options with Citi. I applied for the Citi Prestige last year for a 60K signup bonus and was also able to utilize the $250 travel credit for 2019 and 2020 to completely offset the $495 annual fee. Then I downgraded to the Double Cash before the next annual fee was due. Granted, not everyone will be able or willing to apply for a card with a high annual fee, but it would be funny if Jake W. made a response video and crunched the numbers.....60K Thank You points destroys any signup bonus you would ever get from all of those previously mentioned cards. Question for Mr. Broe, if you don't mind sharing, did you obtain your Double Cash via a new application or product change? Regardless, I enjoyed the video.
I miss the old Citi Premier when they had amazing travel insurance for only a $95 annual fee.
Can't you only get the citi premier card only if you already have another citi credit card in your possession
This is interesting--I did not know the break-even point would be that high between the two.
If we consider excluding all the category spend, I don't think the non-category spend can reach that level per year, making the break-even point even harder to reach
All depends on the person and their spending! Another person said they replaced the $20,000 HVAC system in their home and put it on the DoubleCash... so some people hit this fast!
This was an excellent video 💳
Thanks so much Shotty! Cheers!
Nice take, I figure the other thing folks can keep in mind, is if you're in this game to use multiple cards earning 3-5+% then the amount of spend on the flat rate card would need an even longer break even. Spending just 25% of one's annual credit card spending on 5% cashback cards while earning a measly 1% on everything else alone, would break even with a 2% card. Earn 1.5%, or more than 5 %, things get even more interesting. 👍
Very true, thanks for the comment Jack! Cheers!
Good analysis
Good comment Todd! Cheers!
Great video. I have the 2% card and use it for categories that are lower than my other ones. I got so many cards for sign up bonuses over the years and now I have a giant stack of cards, but I only use a few. I may go get another one and get some of that free money.
It's a fun hobby Stacee! I am enjoying it (I have 17 cards). I definitely see myself applying for 2-3 more cards every year for the rest of my life as long as they keep offering me $300 - $500 sign up bonuses. I have self-control and it's just free money. Cheers!
Get both... churn the bonus on the card with the SUB, then switch to the 2% card for general spend.
Hey Ric! Yep, if people are okay with opening multiple accounts, then this definitely works!
Good reminder to do the math. I'm not a bonus chaser but looking for a new everyday rewards card(s) and it's still worth it to look at what deals are available.
100% Lipglossed! You got the right idea!
The Citi double cash had a SUB in mid 2022.
The fidelity visa sends targeting SUBs of $150 in the mail.
Thank you very much jay ✔
You are very welcome! Cheers!
I think about jumping cards once or twice a year and weigh it against the hassle of the switch as well as the effect on my credit score.
Great video Jake. Don’t always agree with you, but you make good content. I think people forget the value of SUBs pretty easy. Even just getting one a year is a great. Companies would rather market the larger earning rate since they know not many are doing the math
I'd love to know what you disagree with Jake,,, with!
Moneyface Mainly has to do with differences of opinion on Amex vs Chase. I don’t think Amex’s travel credits are as hard to use as he and others say they are. It takes a bit of research, but I’m still getting 100% true value out of mine even this year. Plus, I don’t find Chase cards being more valuable than Amex cards or even a cash back setup, especially if you’re high net worth.
Thanks for the comment Royce! I agree about AmEx's points being more valuable if you have good transfer partners to use them with. I just might be a tad salty being stuck in North Dakota right now because of the military (and not being able to travel), so I put more emphasis on cash back cards. Still lots of great value out there for those who put in a little bit of effort and care. Cheers!
Jake Broe Makes sense with where you’re living. Life and products are always changing, so you gotta pick what’s best for you with the current situation that you’re in. Cash back is great and I run it in tandem with my Amex cards
detail oriented genius.👍
I make/spend so little I knew I wouldn't make the minimum for the bonus so I just went with the 2% instead
@Jake ty, considering an Amex for my anything else Card ... just wish the magnet and blue cash preferred did not look so much alike, am guessing I will have a lot of groceries bought for 1.5 percent
You are welcome Kara! You have a lot of good options to choose from with AmEx currently! Good luck!
With the fidelity card. You can also fund your Roth IRA.
That is what I am planning on doing.
Yep! Solid way to save and invest!
@@JakeBroe Fidelity (or Schwab on their AmEx Platinum) treats the reward as interest, not a contribution, so these points are worth 1 cent each plus your tax rate.
Great analysis. Most people don't think this way. My solution is to have the Citi Double Cash (since I do think this is going to be a decade and beyond) card & get sign up bonuses on other cards along the way. Hit the minimum spend and then bounce back to the Double Cash. And let's face it, as long as a person isn't being dumb and paying interest on credit cards, if we take advantage of the perks in some form or fashion we are getting ahead.
Yep! For people who are comfortable opening multiple new cards every year, this is the way to go!
If you want the CIti Double card get the Citi Rewards card first, that one has a sign up bonus and then product change. In some cases with the Citi Rewards you are getting very close to 2x back as well because it has the round up feature to the nearest 10th. plus the redeemption of 10% points back when you redeem. And effectively 2x back on gas and supermarkets
Solid option Figueroa! People can also go for the Premier or Prestige' nice bonuses and then downgrade after a year. Cheers!
You could also just keep the Rewards+ and hold both no-fee cards. If you chose to transfer any of your cash back as JetBlue points, you'd get that benefit plus the 10% back.
Good video . Lol that’s why I’m glad I have an inventory based e-commerce business . Spending thousands or even tens of thousands a dollar on inventory helps the business rack up on cash back .
Yep, business credit cards have great SUBs and earning categories. Worth it for those that are comfortable applying for them!
Jake Broe Lol I actually use personal cards a lot for right now until my business credit limits increase . This personal card is strictly used for business expenses. This is only temporary though because technically using a personal card for business purposes could pierce the corporate veil during lawsuits even if the personal card only is used for business. Also I make sure that my total utilization is not too high . Lol I don’t need any automatic credit limit decreases from a low credit score.
This is exactly why sign up bonuses matter! Need to factor them into the math. Another reason why AF cards usually beat out no AF cards. AF sign up bonuses are monster.
Well, AF cards have monster SUBs because they hope people keep them multiple years and never cancel them. I still lean towards no AF cards, but SUBs for those cards definitely still matter!
Best explanation on UA-cam right now.
great video, I've actually never noticed 2% no bonus and 1.5% with bonus
Fun little math trick, right? Cheers!
Not to mention that cash adjusted for inflation (200 now vs 200 in 5 years from now) helps the sign on bonus cards and the return on that 200 invested will look more like 300 in 5 years
The city cash card has had up to a $150 sign up bonus and 15 months at 0%. The fidelity card also normally has a $100 sign up bonus. PayPal sends out targeted bonus. The pandemic is a different environment economically, and the banks don't want to extend credit. Especially because to get the Bonus it's spend money to get money.
Yep! These cards either have non-public or have had SUBs in the past. People should look for them or wait for them for sure. Cheers Doug!
I use Capital One Spark for 2% cash back, spending up to 30K a month, heading into the holidays. For personal, 2.5% back with a Blue Business Plus + Schwab, got 20K MR points as a signup bonus.
Wow! You are crushing it! Next level plays here, haha. I didn't mention business cards just because I know lots of people don't feel comfortable applying for them, but they are the best route. Cheers TJS!
2% Citi did not handle a dispute I had on a scam charge. I could not believe they took the side of a shady merchant versus the long time customer. They do not really care about their customers.
Hey Jake, I was wondering what your response would be if we added another 2% card in the mix but one with annual fee, the card I'm picking is the Capital One Venture. How would u compare it in this video to the 1.5 cash back cards and the 2% cash back cards in this video. I'm just curious 🤔. Thanks for replies!
Hey dude, looks like the sign up bonus for that card is either $1,000 (for $20K in spend) or $500 (for $3K in spend). I don't like the $95 annual fee, so if your plan is to open the card and then cancel it after a year, then you can get great value from sign up bonus. But if you open this card and hold it for over 10 years (which is what they want), then you will lose money in the long run.
All your spend should hit the minimum spending requirement for sign-on bonus on new cards. Open a card, hit minimum spending, then open your next card, rinse and repeat until you have no card to open. Then comparing cash back card starts to make sense.
I agree Zhuo! But this strategy isn't for everyone. Most people bulk at the idea of having more than 4 or 5 cards. I also just wanted to raise awareness that anyone going for one of these cards should always factor in the value of the SUB. Thanks for the comment, Cheers!
Except having all those closed and new accounts with wrek your credit score
Great video. I think the takeaway is if you don’t spend too much money on your ‘general’ card, you’re probably better off with SUB cards than 2% cards.
Chasing SUBs is the way to go for people that enjoy this hobby!
This assumes that you are only using this card for everything.
I use double cashback on everything else, I have cards for travel, groceries, gas, dining, and entertainment.
The 2% cashback, no annual fee is a catch all card. And it also helps with my total credit limit to keep my utilization below 10%.
I am not really looking for value since my other cards provide that. The 2% is more than enough.
If the citi double cash is eligible for product change, then couldn't you get a citi card with a sign-up bonus, then product change to the double cash?
Can you do a thorough review of the Bank of America Premium Rewards card?
I thought you were going to touch on the best strategy at the end but I think it was still unclear. The best strategy is get the 2% cash back card as a base credit card then cycle through the sign up bonus cards, using them only until the sign up bonus spending is met, then moving back to the 2% cash back card once you’ve secured the sign up bonus. (Obviously only spending on things you would be spending on anyways and not spending just to get the bonus). This way you get the good return on your spend from the sign up bonus then you also get the better 2% return when you move back to the 2% cash back card
Yep! This is the best strategy for people who are fine with opening lots of new accounts. I think most people bulk at the idea of having more than 4 or 5 cards, so I just wanted to highlight the importance of SUBs when applying for any cards in this video. Thanks for the comment, cheers!
I went for the citi 2% card because I have high spending every month 10k plus and I loved that it has no cap on rewards. The intro bonus is only for one year and 2% is forever.
Still a great card for sure junior! Cheers!
Hey Jake, I actually have a 2% cash back credit card that offered a $200 sign on bonus when I spent $1000 in 3 months. That’s Key Bank. I didn’t realize until I watched this video how rare that is.
Solid pick up Susan! I like it!
Jake i got a question what if im using the double cash back Citi card for just paying my month to month bills.And i mean just bills.Do u think im ok with this card its also to build credit even tho my score is 760s.Let me know what u think i should do.
There is one problem with AMEX cards where I currently live, they do not accept Walmart Super Stores as a Grocery store. I am living in the Midwest where the groceries that walmart sells is actually a better quality then surrounding produce stores.
Yep! This is a problem with a lot of people. Target, Walmart, Costco, and Sam's Club do not code as grocery stores. It's a problem!
This is a really well thought out video, but you could open another coto card that gives a sign up bonus and waived the annual fee for the first year, and then just downgrade your card to one of these double cash cards.
What I got from this video is to open a new cash card, hit the SUB then move to another card with a SUB. Once I complete all the sign up bonus go back to my 2% card. Got it! Also, thanks for the Paypal Cash back info, I'm overseas and always just dealt with my NFCU cash rewards 1.5% cash back.
Haha, basically. If you are okay with opening new accounts and managing all these cards, there are lots of great SUBs out there!
I can't think of applying for a card without a SUB. That's one of the reasons I don't have the Citi Double Cash yet
Hey Peter! I think the best route to get the CDC is to get the Premier, get the SUB, then after year 1 downgrade in to the CDC. Only 1 new account and you get a nice SUB minus the annual fee for year 1.
@@JakeBroe good idea!
@@JakeBroe I'm in yr 2 of premier w the intention of opening prestige after af hits, but b4 downgrading to dc (citi 24 month clock rule). Already have rewards+(pc from old diamond preferred), so then I'll have chase and citi trifectas. Good vid thanks!
I recently started watching ur channel cuz of the Ukraine stuff and wouldve never imagined finding this useful content here (anyways I found this video from yt search), but thanks cuz this was very eye opening!
This video reminded me to apply for the Ink Freedom Unlimited. The business card is just better. Need it for paying US taxes.
Yep! For those who feel comfortable applying for business credit card, they have great SUBs and earning categories!
great video i was just about to break it down on paper cuz i have the citi doublecash card and I'm preapproved for a pay pal credit car so I'm thinking should I get it or not Which one do you recommend
Hey Big Cee! I like the flexibility of the CDC over the PayPal MC. But for some, they need that no foreign transaction fee card. It's up to you!
@@JakeBroe thanks i appreciate it
How does the Wells Fargo active cash stack up? It’s a 2% unlimited cashback card with a good SUB.
Completely unrelated but what is your AFSC? I’m in the process of joining the AF
Hey Arianna, I am a 13N - Nuclear and Missile Operations Officer.
The SDFCU Premium Cash Back+ is pretty much the ideal 2% cash back credit card. It has a $200 SUB. It has no foreign transaction fee. Its only negative is that you need to become a member of SDFCU (if you aren’t already). Otherwise, it’s perfect!
- Truth! This card is on my radar! i need 1 more chase card, then i'm going for this one!
@@docsays The primary reason I got it is because I am an expat, and I need a PIN priority credit card. Not many US credit cards have that option.
I have this card! If you can only have one credit card with you anywhere in the world, this is a great option. The minimum amount to redeem your cash back is only $5. Joining SDFCU takes some work, but anyone can join.
Wow! That sounds too good to be true, I'll have to look in to it.
Have this card and used it for over a year outside of the country and was fantastic. Only issue now I have is they added more security and im always getting flagged with alerts for traveling full time with my job. Still the best of the bunch. Technically thats good but every now and then I have to call and unlock my card. The customer service has been great compared to all the reviews I have read about the credit union.
I would totally go for the Schwab Investor card if I actually liked their investment options. I want to do a ACATS brokerage transfer so I don't have to sell everything, but Schwab only does fractional shares for S&P 500 companies. I have shares in companies outside the S&P 500 and want to have more flexibility with what companies I can buy.
Interesting! I think within a year, Schwab will have enabled fractional shares trading for ETFs and small caps. They stated this was their goal when they launched earlier this year.
We need to think more about Data Banks! which are going to be those banks that access our financial data and also our browsing data (like Google Card). In a near future when we change bank, we will have to request a data migration from bank A to bank B,
In Mexico the Neobanks are working more into providing differentiated regional lifestyle, which ends been less digital but more traditional (Like Cuenca Card in Mexico).
Hmmm, I don't know anything about this. Interesting!
Get both. Take advantage of the sign up bonus by using the card just enough to earn the sign up bonus then switch to the 2% non-SUB card. Best of both worlds. As long as there are no annual fees the only thing you pay is a small hit on your credit score. Keep track of your credit cards and cancel them when you no longer need them.
Yep! For people who are okay with opening new accounts every year for SUBs, this is the way to go!
The PenFed Power Cash Rewards is pretty good with 2% Cash Back and a $100 Statement Credit
Yep, solid card wrands! Cheers!
MOAR CC videos!
If you haven’t done them could you do airline credit cards like delta Amex please.
Sounds like a good idea Ravens! I'll look in to it!
You right, BUT I want my first/oldest cards to be my best cards for optimized long term spending. I absolutely plan on keeping that 2% everywhere card and using it regularly for the next 10, 20+ years. Once my full optimized plan is done then Ill start slow churning a couple SUBS a year and that will be when I knock out those free and easy SUBS. Because then I can just not use that card anymore and go back to my optimized set up when the SUBs done while I wait for the next new card. If that new card gets closed for inactivity later then its no big deal. I still have my 10-12 card optimized base sustaining my score.
Thats a smart plan. I got the Citi Diamond card over 10 years ago. then product changed it to citi double cash, so its one of my oldest cards now. I plan on keeping it for the long haul. Right now i'm running a 5-6 card set-up, but want to work up to 10 card set-up!
@@docsays ■My Full list of Optimized Cashback Cards:
●5 Carry Cards:
• Citi DC - 2% Everything
• USAA Cash Rewards - 5% Gas
• US Bank GO - 4% Dining, 2% Streaming ($15 SC after year of streaming paid w/ card)
• UMB Simply Rewards - 3% Groceries, Discount Stores (Walmart, Target, Dollar Stores)
• Marvel Mastercard - 3% Entertainment
●4 Drawer cards for Online/Auto/Rare stuff that doesn't normally require me to carry the card:
• Wells Fargo Propel - 3% Travel, Transit. Free Phone Insurance
• Amazon Prime Store - 5% Amazon (Requires Amazon Prime $119 AF)
• BoA Cash Rewards - 3% Online Shopping
• US Bank Cash+ - 5% on 2 of these options: TV/Internet/Streaming, Home Utilities, Phone, Fast Food, Sporting Goods Stores, Clothing Stores, Gym/Fitness Center, Department Stores, Furniture Stores, Electronics Stores, and/or Movie Theaters.
●2 Rotating cards to rotate into wallet when they overtake a carry card:
• Discover It - 5% Rotating
• Chase Freedom - 5% Rotating, Chase Travel Portal, 3% Drugstores, Dining. Free Phone Insurance
Lestat Staton - impressive List! I will get there. Right now im using:
Discover More (it): 5% rotation
Chase Freedom: 5% rotation
Amazon Card: 5% amazon
Target Redcard: 5% groceries
Discover Chrome: 2% gas & dinning
Citi Double Cash: 2% utilities
Paypal Mastercard: 2% online shopping & streaming
Chase Disney Premier: 1-2% travel
I plan to pc my freedom to Flex for 3x on dinning & drug stores & add 1 new travel card.
@@docsays if you PC you lose the Flex SUB. Care more about 5/24 than free $200?
Lestat Staton - true. Im currently 4/24 so I could go after 1 more chase card. Either Flex, CFU, or CSP.
Can you make update video of the 2% cards
PenFed has a sign up bonus $100 after $1500. With a checking account 2% not a bad deal.
Don’t forget Langley Federal Credit Union Cash Back Visa, monthly rotating 5% categories plus 3% gas, 2% groceries. No annual fee.
Nice I had never heard of this one
I'm not familiar with that card. I'll have to look in to it!
Amex Blue Business Card is pretty good too for 2% cashback .
Very true! For people comfortable applying for business cards, it is a great option!
lol nice bro you can get the bofa travel and earn 2.6% on all purchase once you have plat honors
Haha, I am not on Waller's Wallet's level yet! I need to save more money and transfer it to a Merrill Investing account.
@@JakeBroe we need Jake broke on Bofa team so we can promote their credit card more lol
Thanks, but without even doing the MATH I figured I’m better with the 1.5 cards +sub LoL
Haha, you sound like you know what's up! Cheers!
The main benefit of opening Citi double cash card is if you are using it for a balance transfer. 15 months at 0% with a 3% transfer fee.
If you are carrying over debt, then transferring it to a 0% APR card is a good option.
Thank you! I've been telling people who want to get into credit cards that 1.5% cards tend to be superior unless you're a very large spender or value simplicity over maximum rewards and will likely just use a 1 card set up for years and years.
Haha, thanks Zach! SUBs matter!