The BEST Single-Bank Credit Card Setups
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- Опубліковано 27 чер 2024
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In this video, we’re going to take a closer look at the 5 common credit card setups from American Express, Chase, Citi, Wells Fargo, and Capital One
Specifically, a viewer wanted to know what ecosystem would I go in on to maximize points accumulation in a year for that one currency?
Not only did I give my opinion on what I would do, but the rest of you in the live stream also voted, and I was pretty surprised at the results.
The top two issuers were pretty much preferred equally by you. the community, and this is very exciting because more competition means better cards so with that all being said, I hope you enjoy this very interactive session on what you thought was the best credit card setup using only one points system.
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📚 Chapters:
00:00 Intro
00:46 Best Single-Bank Credit Card Setups
08:45 Citi Strata Premier vs. Chase Sapphire Preferred
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#creditcard #bestcreditcards #chasebank
Great Vid! Thanks.
Of course Chris! You're welcome!
Having Chase so high for multipliers just shows that credit card people are just a hive mind
Yeah, Chase has some very good and effective marketing!
@@TheCreditFrog I agree, wanted to be a chase fan, and still have some cards but it just lacks functionally for me. Citi all the way!
Chase has the most accesible partners including Hyatt, which is a trump card.
@@deschutesfelix it literally said multipliers only …
Yes Sir! Happy Monday! 👍😊
Happy Monday! 😀
I honestly would’ve picked between Wells Fargo and Chase. I just got into ordering my groceries online and it isn’t too bad so far, so I’d finally be able to use that CSP online grocery multiplier.
Also this live seemed like so much fun! I wish I could’ve hung around longer. Thanks for uploading these recaps 😃
Yeah, WF and Chase are pretty similar for sure. They both lack a grocery category, but it’s great to hear you were able to figure out how to make online groceries work for you! And yes CJ, hang out next time! The more the merrier!
I just put my cell phone display on landscape and saw the 🐸 frog in the bottom right corner! 😄😄
Hah! You found him! 🐸
I was that first WF vote 😂 I was debating between them and citi and had to show some love. They just need some more transfer partners and I’d be in. I love Chase but their multipliers are not great
Hah! That's so funny, but I'm glad you gave them some love (because at the beginning they really had none!). I agree, once they have better transfer partners, they'll have a very powerful setup going on! (also groceries would help too)
Wells Fargo definitely has potential to be a great contender in the travel game if they get some good travel partners. They could definitely compete well with Chase and Citi!
great video! im actually looking at what bank i should commit to (given that im a college student on low spend). looking for domestic travel do you have a recommendation on what direction to go?
Thanks! I would say whatever preferred bank that has a student credit card, but if you were looking at one of these issuers, I would go with Chase, especially since you're thinking about domestic travel.
How the hell is everyone not voting for Wells Fargo? This is a multiplier competition, not a SUB, travel partners, or ethics competition 😂
Look up "Wells Fargo Scandal" and just pick whatever year you want that pops up. People are wary of them. My aunt was a victim of the fraudulent account scandal of 2016 (have to specify the year for that one, it happened twice).
That's what I was thinking!! WF gets so much hate, but yeah - not an ethics competition lol
Also some of the same people voting against WF in the first poll for it’s missing grocery category be voting for the Chase Sapphire Preferred even though it only has online groceries. *Facepalm*
wf could have 10x on everything and i still wouldn’t do business with them 😂
If they cared about ethics the tsunami of complaints against Chase would matter to them, it's hivethink
single bank for me would be Capital One duo = Spark miles for business + Savor One
for lounge, I would add AMEX Platinum
C1 VX is still weak compared to the network of lounges by AMEX vs C1 PP network
It's true, but I guess it would also depend on where you're based/where you fly out of. If you're in DEN, DFW, and IAD, the C1VX would be a perfect fit in that Capital One Duo!
VX has all the Priority Pass that Sapphire does, plus Plaza Premium and is opening their own. Pretty equal to Chase
For me multipliers are nice but benefits are better. FHR on a recent Waldorf stay, combined with Hilton Gold, saved us $790. At $.02/pt, which most aren’t getting, that’s almost 40k points. Then we got the additional $200 for prepaying. Multipliers are like hitting singles. The right benefits are like smacking home runs.
Yeah, benefits on these premium cards can really make a huge difference if you can stack value on top of value on top of value! If you find the right FHR booking, it can really elevate your stay!
great video stan! neat to see how people voted!
Question: i just got a pre-approval on my amex account for the business platinum for 150k MR on $15k spend. Thank thats a decent offer? on other browsers ive seen offers as high as 200k but those require $20k spend in only 3 mths, was is a bit too much for my comfort level. But i think i could comfortably swing $15k in 3 months. Plus that lounge access would come in clutch for a family trip to europe ive got planned in the fall.
should i pull the trigger?
Thanks Doc! Yeah, so for your situation, I would look very carefully at the 'Offer Details' on your 150k MR for $15k spend. It is highly likely that this is a targeted no lifetime language offer, and if it is, I think going with that one is the best way to go! In both situations, you're earning 10MRs per $1 spent so it just comes down to how much you can spend in the alotted time frame (3 months). With an NLL offer, you can have the opportunity to apply for this card again the future! I only bring it up because that's how I got (both) of my NLL offers on my Business Platinum cards is through a pre-approval on my amex account.
@@TheCreditFrog - thanks for promp feedback! I just did a careful review of the offer terms & there is NO NLL!!! I think im gona pull the trigger! This will get me great travel card & allow me to continue gardening for chase!
@@docsays Awesome!!!
Currently rocking the C1 duo. It all might depend on everyone's spend, but my usual monthly spend is almost exclusively covered by The Savor One. In my use case, Chase would not be effective for the multipliers, so I decided to not care for the 5/24 rule and am now aiming to acquire the WF trifecta. The Autograph hits so many categories and with the new Attune card (when paired with the Autograph) might just out do the C1 duo for my typical spend
That’s an interesting situation to be in! Thats awesome that you found the setup that works for you and that Chase 5/24 no longer matters compared to completing your WF setup! Having both the C1 duo and the WF cards is going to be very powerful and with the C1S1 you have groceries covered which is the one missing category on WF cards.
CITI Trifecta for the win!
Definitely a great trifecta!!
If only these banks can provide an ideal one card set up or a duo/trifecta effecting one hard inquiry, minimizing a wait between applications
Yes, that sounds like the dream! A one-card setup would be so nice imo 🤩
Chase, Citi, and Wells Fargo definitely have the best card setups! Wells and Citi are definitely competing well with Chase. Chase definitely lacks gas stations as a category on the CSP. Chase should add gas as a 3% category to the CSP and maybe as.a 4% category on the CSR to compete better with Citi, Wells Fargo. The CSP and CSR should also have gas stations at an elevated rate because nearly all hotel cards have gas as an elevated category. Wells just needs to add better transfer partners. Citi just about has things right.
Yeah, each one of these ecosystems have their pros and cons, but it's nice to see the competition! As each issuer fine-tunes their cards (except Chase it seems, haha), hopefully consumers will go to the better card, forcing the others to innovate! I agree, Chase needs a gas category at the very least since WF has one. Only Citi has that elusive grocery category!
The Chase Aeroplan Card has groceries and restaurants plus bonus points on transferring UR points to Aeroplan. I know it’s not a trifecta card but I think it’s too often overlooked. I’d have the card myself but 5/24 is a bad thing for me.
Yes but for 1.5 percent more on groceries and 10 percent extra to lock yourself into Aeroplan is never going to be worth it. It’s a churn and get rid after a year card unfortunately.
@@L-Man-Gaming they offer pay yourself back too. Some status benefits. You do have to want to use the Aeroplan system.
I’d rather have an Aeroplan business card.
Yeah, I covered this card in the full live stream! Definitely a viable option if you want 3X on groceries on a Chase card, although those points are locked in the Aeroplan system. PYB is also a good choice as you mentioned. I think that as long as you think you'll be redeeming with Aeroplan, that card is a pretty solid contender!
@@L-Man-Gaming It depends on the situation, but I can see your point. There are a lot of other cards out there that could be better - but if you use Aeroplan a lot, this could be a nice compromise at a lower AF price point. I need to math it out though to see what the difference would be compared to the Amex Gold card though.
I think people truly do follow a hive mind. WF and C1 are the best ecosystems for everyday spend. You could even do the WF quadfecta and still come up on top. The autograph journey for 5x on hotels 4x on airfare 3x all other travel. The autograph for 3x on dining, phone plans, and gas. Attune for 4x back on entertainment and a million other categories and 2% back on everything else is an amazing setup. Even with no dedicated grocery category it’s still great. They’re already better and cheaper than Chase with an effective AF $45 and covers wayyy more spend. If they added groceries they’d have the best ecosystem hands down. Let them add a card that gives at least 10 lounge visits too and oh boy.
Yeah, I'm really impressed with the coverage on the Wells Fargo setup tbh. I know they've had their issues in the past, but they're making great strides in their credit card lineup. It would be insane if they somehow were able to add groceries to their setup, or even a luxury travel credit card as you mentioned! That would be incredible, and change the game up for sure.
I knew I’d regret not being able to watch that live…alas…family. Anyway, Wells doesn’t deserve the hate for this long. But if they launch a Card that’s Grocery/Dining at 4x uncapped and no foreign Transaction fee for say…$250 Annual Fee, the Smoke would clear.
Haha! There's Matt! WF needed you for the live poll, I felt so sad for them at the beginning. Yeah, WF is doing great things and innovating with their new cards so like you, I'm looking forward to seeing what new ideas they can bring to the table!
I was declined for Costco and Citi custom cash for the same reason too many inquiries which over 13 with 1% fico 750 😅..
Over 13 (at least on a single bureau) is pretty high. Citi tends to be more inquiry sensitive so I can see that happening for sure.
Citi is sensitive for sure, best to get some of their cards early or after a long gardening.
Why no Bank America with preferred rewards?
While a GREAT setup could be made with BofA, it's only really cash back. The 5 I chose have transfer partner access.
it's funny how so many people voted for chase. i think the chase multipliers kinda suck lol. that's not to say i dislike the cards, cuz i think one of the best things you can do with regards to point accumulation is by churning inks
Yeah, that kind of surprised me too! But Chase has a very strong following for sure, and they do have a very simple trifecta setup that almost anyone can use very easily!
Damn I have 15 cards and 4 eco systems. I think if I had to settle on one, it would probably be Chase.
That's a lot of ecosystems! Imagine if you could focus all your spend in Chase and how many UR points you'd have!
@@TheCreditFrog lol exactly! I think at some point I need to stick to one. The Capital One duo comes to mind for an easy 2 card setup. The credit card game is wild 😅
Is the Curve card still relevant 😂
I don’t think so haha
I think wells fargo would be liked more if it wasnt so hard to get into their system.
Hah! Yeah, that’s for sure.
Chase is the weakest multipliers outside of Flex quarters
That's for sure!!
Wells Fargo hands down for multipliers alone. But I am an Amexaholic; so throw them multipliers to the wind and let's go get some grubhub and Saks 5th Avenue!!! 😂😂😂
Haha! Oh no! It sounds like you are a statement credit masochist! If so, Amex is the right issuer for you. 🤣🤣🤣
👍🏽👍🏽👍🏽👍🏽👍🏽
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Chase could make the groceries in store as well and easily take everything even without a gas/charging category
Unfortunately, they'll probably only do it when people stop getting their cards, but they have a cult like following, so it just isn't realistic.
That's for sure! They should really add a grocery category, but they don't need to as you said!
Wells Fargo, that was only a feel sorry vote
Haha, yeah that's how I felt about it too!