馃攳
Best Credit Cards For Cash Back Rewards - YouTube
Channel: Jarrad Morrow
[0]
if you are looking to get the best bang
[1]
for your buck when it comes to the
[2]
credit card that you use every single
[4]
day I've got you covered
[5]
double rainbow in my search to find the
[13]
best credit card for you I noticed one
[15]
thing it seemed like everybody everybody
[18]
is throwing their hat in the ring when
[20]
it comes to creating a credit card on
[22]
just about everything with the
[23]
International Brotherhood of magicians
[25]
credit card the Hello Kitty visa
[27]
platinum rewards card and of course the
[30]
Precious Moments Visa credit card how in
[32]
the heck are you supposed to know which
[34]
one to choose
[35]
as I was noticing all these random
[36]
credit cards I was like come on who in
[39]
the world is buying enough Hello Kitty
[40]
swag and Precious Moments figurines to
[43]
make it worth those rewards for that
[45]
credit card look I know you're out there
[46]
I know you are and you should stop doing
[49]
that get rid of that credit card coming
[51]
from a minimalist like me please stop
[54]
you do not need all of that junk so in
[56]
this video I'm gonna give you my list of
[58]
the best cash back rewards credit cards
[60]
that the internet has to offer
[62]
hey I'm Jared on this channel we like to
[63]
talk about all things personal finance
[66]
and investing when I started researching
[68]
all the cards out there my head really
[70]
started to spin and I noticed and I
[72]
noticed some issues because so many of
[74]
these websites just push credit cards
[76]
where they get kickbacks when you sign
[78]
up so to help me evaluate each one and
[80]
be as non-biased as possible I did what
[82]
any personal finance nerd would do I
[84]
created a spreadsheet I spent hours and
[87]
hours sifting through every credit card
[90]
out there to find the best of the best
[92]
for you this video is not sponsored and
[93]
I do not have any referral links down in
[96]
the description so if you find this
[97]
video helpful then please
[98]
Hulk smash that thumbs up button to help
[101]
support this channel and my dog if you
[103]
go with any of these credit cards and
[105]
let me know down in the comments below
[106]
which one you choose or if you use one
[108]
of these and think it's better than any
[109]
other ones that I mentioned then please
[111]
list that down in the description as
[112]
well some people will say oh you're such
[115]
an idiot
[115]
for wanting cash back credit cards if
[117]
you were smart then you get a card where
[119]
you get travel rewards but listen not
[121]
everybody travels often enough to make a
[123]
travel credit card worth it plus
[125]
everyone says they love to travel until
[127]
they travel for a week then miss being
[129]
at home and their normal routine cash is
[132]
a
[132]
King so if you know that you'll get more
[134]
out of one of these credit cards then
[136]
stop waiting around and just sign up for
[137]
one and quit leaving money on the table
[139]
one thing you'll notice that I won't
[141]
touch on in this video is the interest
[143]
rate for each of these cards if you're
[145]
worried about the interest rate then
[147]
that tells me that you can't handle your
[148]
money which means you can't handle a
[150]
credit card so you should not get a
[152]
credit card okay my responsible adults
[154]
who are left let's get into it the first
[156]
card you should think about getting your
[157]
hands on is the chase freedom unlimited
[159]
now Chase is the biggest and probably
[161]
most well-known when it comes to their
[163]
reward credit cards they've got the
[165]
chase freedom unlimited the Chase
[166]
Freedom Card the Chase Sapphire
[168]
Preferred the Inc business unlimited the
[171]
inka business cash the Inc business
[173]
guess what
[174]
preferred and there is way more so I'm
[176]
going to stop right there the bonus they
[177]
offer is absolute bananas with the chase
[179]
freedom unlimited you get 3% for the
[182]
first year on the first $20,000 that you
[185]
spend that's up to $600 they're gonna
[187]
pay you now I get that spending an
[188]
average of 1666 dollars wait 666 let's
[193]
round up one thousand six hundred and
[195]
sixty-seven dollars per month is a ton
[197]
but if you can do it then do it get this
[199]
card and take that free money even if
[201]
you can't spend that much than who cares
[203]
because you're still getting that three
[205]
percent cash back after the first year
[207]
they're gonna drop your cash back amount
[208]
from three percent down to 1.5% so a
[211]
dollar fifty for every $100 that you
[214]
spend there's a zero annual fee on this
[216]
card and zero APR for the first fifteen
[219]
months the vast majority of these credit
[221]
cards do not come with any annual fees
[223]
like more of the high-end travel cards
[225]
do I used to be one of those people who
[226]
thought it was absolutely insane that
[228]
people would pay a yearly fee just to
[231]
use a credit card but it turns out that
[233]
paying a yearly fee can sometimes make
[234]
sense for some people as long as the
[236]
numbers work out then someone who spends
[238]
a decent amount can come out ahead some
[239]
additional perks they offer our purchase
[241]
protection for a hundred and twenty days
[243]
after a purchase against damage or theft
[245]
up to $500 per claim and $50,000 per
[249]
account they also extend to any
[251]
manufacturer's warranty by an extra year
[253]
on warranties that are three years or
[255]
less the last little perk on this card
[257]
is that you can earn up to $500 cashback
[259]
per year when you refer this card to a
[261]
friend
[262]
they'll give you $100 per person you
[264]
invite
[265]
to sign up for this credit card overall
[266]
the cash back reward of 1.5% is a little
[269]
man
[270]
but the 3% for the first year is why I
[273]
really like this card if you're a family
[275]
or have a large number of expenses
[276]
planned in the next 12 months then get
[278]
this card just for that first year then
[280]
move on to the next one the hundred
[282]
dollars for every person you refer is a
[284]
nice little perk as well once again I
[286]
don't have this referral link in the
[287]
description so please give me a little
[289]
kickback bye Hulk smashing that thumbs
[291]
up button commenting down below and
[293]
possibly sharing this video with your
[295]
friends the next card in the list is the
[297]
Wells Fargo propel American Express card
[300]
Wells Fargo bases their rewards on
[302]
points so I'll handle all of the
[303]
annoying work and convert everything to
[305]
percentages and dollars for your benefit
[307]
one of the best things about this card
[308]
is that they offer a $300 bonus if you
[311]
spend $3,000 within the first three
[314]
months 3,000 sounds like a lot but if
[316]
you have a family or just happen to
[317]
charge that much on a monthly basis then
[319]
take that free cash they offer 3% cash
[321]
back when you spend money on things like
[323]
restaurants gas ride shares like uber
[326]
and lyft flights hotels and car rentals
[329]
and even some more popular streaming
[331]
services like Apple music Hulu Netflix
[334]
and Pandora one more spotify as well for
[338]
all other purchases you would net one
[340]
percent cashback there's zero annual
[342]
fees on this card which is a bonus and
[343]
0% APR for the first 12 months so that
[347]
shouldn't matter because you're gonna
[348]
pay your bills they do offer some extra
[350]
perks with this card you automatically
[351]
get a cellphone protection plan when you
[354]
charge your monthly phone bill to this
[356]
card they'll protect you up to six
[358]
hundred dollars with a twenty five
[359]
dollar deductible for damaged or stolen
[362]
phones they also give you retail
[364]
protection which basically covers
[365]
eligible items that are lost or stolen
[367]
within 90 days if you made the purchase
[370]
with this card just like the last card
[372]
they're gonna give you an extended
[373]
warranty as well so no more pain for
[375]
warranties when you're in the store any
[377]
longer when they're pushing these
[378]
warranties on you sorry Walmart and Best
[381]
Buy and Target they will double the
[383]
original manufacturer's warranty of one
[385]
year or less on eligible products
[387]
purchased with this card now overall
[389]
this one percent cashback is trashed and
[391]
you can absolutely do better I'm gonna
[393]
say that right now but this card is
[395]
great for that $300 signup bonus if you
[398]
able to spend $3,000 within the first
[400]
three months and the 3% cashback if you
[403]
have any upcoming vacations where you
[406]
plan to book your flights hotels or
[408]
rental cars
[409]
worst case scenario use it for the first
[411]
year then get the heck out and use one
[413]
of these cards I'm going to mention in
[414]
the rest of the video now we've got the
[415]
HSBC cash rewards MasterCard credit card
[419]
I actually forgot that HSBC even existed
[421]
because the bank does not have any
[423]
branches in Ohio but it doesn't matter
[425]
where you live if you want to sign up
[427]
for this credit card just like the chase
[429]
freedom unlimited card the HSBC
[430]
MasterCard is going to give you an
[432]
introductory 3% cashback in the first 12
[436]
months but their amount caps out at a
[438]
ten thousand dollar spend so that comes
[440]
out to a three hundred dollar bonus if
[442]
you can spend at ten thousand dollars
[444]
within that first 12 months but what
[446]
makes this card different from the chase
[447]
card is with the regular cashback amount
[449]
that you get after that first 12 months
[451]
they offer 1.5% on all purchases so a
[455]
dollar 50 for every $100 you spend but
[458]
wait there's more every year they're
[460]
gonna treat you nice and special and
[462]
give you a 10% anniversary bonus that
[465]
means that that look back at the
[466]
previous year add up how much you spent
[469]
and give you another 10% so this
[471]
actually increases the 1.5% to one point
[474]
six five percent or a dollar sixty five
[477]
for every $100 that you spend wait
[480]
what I know it's not that much of an
[481]
additional bonus but it's still better
[483]
than the one point five percent there's
[485]
zero annual fees and zero APR for the
[487]
first 12 months which seems to be the
[490]
industry standard at this point they do
[492]
give you a few extra perks and they're
[494]
not anything special but I'll mention
[495]
them anyways they offer protection for
[497]
physical damage and theft to most rental
[499]
cars they'll also give you $5 off orders
[502]
of $25 or more with postmates so if you
[505]
use post mates a lot you might like this
[507]
part they will also reimburse you up to
[509]
$600 if your stuff cell phone is stolen
[512]
or damaged this card is good for the
[514]
first years bonus but everyday cash back
[517]
reward of 1.6 5% kind of breaks my heart
[520]
a little bit but if you're ready to
[522]
upgrade a little bit then you're gonna
[524]
love this next one because it is a beast
[526]
of a card and that is the city double
[528]
cash credit card the downside of this
[530]
card is that there is
[531]
zero bonus boo but they make up for it
[534]
with how much they give you in cash back
[536]
with the city double cash credit card
[538]
you get one percent when you make a
[539]
purchase and then another one percent
[542]
when you pay the bill I know you and
[544]
you're a responsible adult so of course
[546]
you're going to pay the bill on time at
[548]
the end of every month so you basically
[550]
get two percent cash back on every
[552]
purchase that is two dollars for every
[554]
$100 that you spend if that's not neat
[557]
to you then I don't know what is I mean
[559]
is that that's free just like all the
[562]
other cards there is no annual fee and a
[564]
0% APR on balance transfers for the
[567]
first 18 months but you'll pay the full
[570]
25% APR on day one if you carry a
[574]
balance but if you're carrying a balance
[576]
and you only get one percent cash back
[578]
since you don't pay your bills then
[580]
what's the point in even getting the
[581]
card to begin with now unlike a lot of
[583]
the other credit cards we've covered you
[585]
do not get extra things like extended
[587]
warranties five dollars off post mates
[589]
no cell phone reimbursements no Hello
[592]
Kitty swag and no purchase protection as
[595]
well but that's because they're giving
[596]
you two percent cash back my final
[599]
thoughts in the city double cash credit
[600]
card is that I love it like love it I
[603]
actually have the card myself this card
[605]
should be looked at as your go to
[606]
everyday spending card I know I know you
[610]
wanted that bonus with this one but you
[612]
gotta give them a little break here
[613]
they're giving you two percent back you
[615]
dorks this is the perfect card for my
[617]
fellow minimalists out there because
[619]
it's just a straight 2% cash back and
[621]
you're done with it but we can't forget
[623]
this card I love this car
[626]
my favorite card of all is the fidelity
[629]
Rewards Visa Signature credit card now I
[632]
kind of just stumbled upon this card
[633]
when I was doing the hours and hours of
[636]
research I'm glad I found this card
[637]
because it kind of happened at the last
[639]
minute do not feel bad for me just talk
[641]
smash that thumbs up button please but
[643]
I'm really glad that I found this card
[645]
for you one of the main reasons that I
[646]
like this card a little bit more than
[648]
the city double cash to credit card is
[650]
because of the bonus they're gonna give
[651]
you $100 in cash deposited into an
[655]
eligible fidelity account which we'll
[657]
get to in a minute after you spend
[659]
$1,000 in the first 90 days of opening
[662]
up your work
[663]
that's an average spent of 334 dollars
[666]
per month I like it no actually I love
[669]
it and the cashback amount oh I'm
[671]
getting all hot and bothered just
[672]
thinking about it the cashback amount is
[674]
two freakin percent on all purchases but
[678]
you got to give me a minute I just threw
[679]
up in my mouth a little bit and I'm
[681]
sweating bullets let me get this
[682]
straight
[683]
two percent and a hundred dollar bonus
[685]
that's like I don't know seeing a double
[688]
rainbow in real life Oh double rainbow
[693]
all the way across the sky there is no
[700]
annual fee and no waved Apr just like
[703]
the city double cash card this card does
[705]
not come with any crazy special perks or
[708]
features except what you can do with the
[711]
reward money that you receive this is
[713]
the really cool part
[714]
fidelity gives you the option to spend
[716]
or invest your cash back rewards for all
[718]
of your reward money you have the option
[720]
to automatically put it into an eligible
[723]
fidelity account this includes a
[725]
brokerage account a HSA IRA 529 or a
[729]
cash management account oh my gosh it
[731]
keeps getting better you can invest the
[733]
money I love this card it's one of the
[735]
easiest ways to build up your
[737]
investments in overall wealth for the
[739]
future I get that you can just do this
[741]
with your cash back rewards from other
[743]
cards but I see it as a bonus that
[745]
fidelity will automatically take care of
[747]
all of this work for you it removes some
[749]
of the friction from the whole process
[750]
that usually prevents most people from
[752]
doing the right thing with their money
[754]
when it comes to investing so to recap
[756]
my number one pick would be the fidelity
[758]
rewards visas signature credit card for
[761]
the bonus and the everyday 2% cash back
[763]
spending followed by the city double
[766]
cash rewards card
[767]
blah blah blah I'm sick of saying the
[770]
word rewards for their 2% as well the
[773]
rest of these cards I would say to get
[774]
but only for the first year to take
[776]
advantage of the bonuses that they offer
[778]
because other than that the reward rates
[780]
are absolute trash with a capital T make
[783]
sure to Hulk smash that thumbs up button
[785]
and leave a comment down below letting
[786]
me know which one of these cash back
[788]
credit cards that you prefer check out
[790]
these videos that around my head and the
[792]
links down in the description as well
[793]
and of course subscribe if you want more
[795]
personal finance and invest
[797]
videos investing videos just like this
[799]
one I'll see in the next one friends AOS
Most Recent Videos:
You can go back to the homepage right here: Homepage