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The Most Reliable & Best CREDIT CARDS For Beginners - You Should Apply For! - YouTube
Channel: Penny Flow - Real Estate & Investing Strategies
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[Music]
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hey
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welcome to penny flow where we talk
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about money
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wealth investing and management
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and in today's video we will be talking
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about best credit cards
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please make sure you stay tuned to the
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end of this video
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best credit cards
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number one blue cash preferred card from
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american express
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american express blue cash preferred
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card is a common
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regular card providing a high rate of
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rewards for transactions from grocery
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stores
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streaming transit and gas stations
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amex is known for its high credit limits
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and
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this card is no exception with online
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reports of starting limits exceeding 10
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000 one of the best credit cards for
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regular rewards is the american express
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blue cash preferred card
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to start with in the first year this
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card does not charge an annual fee
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and its 95 annual fee is paid from the
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second year on is easily worth the card
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this card needs a decent or outstanding
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credit score for approval
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for amex blue cash a credit score of 700
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plus is required to have good approval
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chances
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number two chase freedom unlimited
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it's not the simplest card to get the
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chase freedom unlimited
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consumers without at least fair credit
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are almost out of luck
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and if you have too many recent new
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accounts
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even excellent credit might not be
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enough the chase freedom unlimited card
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provides a strong sign up bonus and an
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outstanding average rate of rewards
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including a 1.5 cashback rate on general
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transactions
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making it a perfect starter card for
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earning chase ultimate rewards
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a score above 700 is even better and
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gives you a good chance of acceptance
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the most important loyalty points in
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life are arguably one
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it carries a fair annual fee it has
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incentive expense categories for travel
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and dining
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number three city double cash card
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city double cash is more than just a
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reward card with an
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ongoing earning rate that is almost
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twice the industry average
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double cash makes up for it assuming you
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pay your bill in full every month
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so for individuals who expect to use it
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for years
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it's a particularly good card to get
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accepted for the city double cash card
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18 month bt deal
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you need an excellent credit score that
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means that applicants need a 750 or
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higher credit score for good approval
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chances
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however merely getting a 750 credit
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score does not guarantee approval
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receive cashback rewards with this card
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for any purchase
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when you shop you get an unlimited one
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percent cashback
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plus another one percent back as you pay
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for those transactions
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this card includes a refundable security
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deposit of 200
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plus but has an annual fee of zero
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dollars monthly reporting to the credit
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bureaus
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also helps create a credit history the
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best city card to obtain
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is the city protected mastercard since
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it is the only one paw
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number four chase sapphire preferred
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card
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the chase sapphire preferred card is
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considered one of the best credit cards
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for beginners
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and for good reason the shipping time of
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the chase sapphire preferred is normally
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10 business days after you are accepted
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by mail
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chase can speed up the delivery free of
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charge you get 2x on travel and dining
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for a low
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95 annual fee an amazing sign up bonus
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and useful travel benefits such as
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primary rental car insurance
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while no fixed score is needed we
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suggest that you have a minimum credit
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score of 700
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clean credit history of two years and an
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income of at least
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30 000 per year with an annual fee of 95
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it ranks as one of the best credit cards
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with annual fees below
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100 this card's highest credit card cap
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is 100
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000 dollars
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number five city diamond preferred card
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for people with excellent credit the
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city diamond preferred card is an elite
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zero percent apr
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credit card providing introductory
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interest rates of 0
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for new transactions for 18 months and
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as long as you have an excellent credit
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score
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usually a fico score of 700 or above
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you will have a fair chance of accepting
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the city diamond preferred card you
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should also be off
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apart from your credit score as these
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will also
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influence your eligibility for this card
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diamond preferred also has an
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annual fee of zero dollars to go along
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with the three percent men
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five dollars balance transfer fee
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most credit worthy applicants with
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stable income should expect credit card
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credit limits between three thousand
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five hundred dollars and seven
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thousand five hundred dollars a credit
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cap of up to or more than
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ten thousand dollars may be required for
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high income applicants with excellent
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credit
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number six chase freedom flex
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the chase freedom flex is one of the
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best non-annual fee cards available
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today
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the chase freedom flex has rotating five
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percent bonus categories like the
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original chase freedom
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but it also offers permanent bonus
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incentives on travel booked through
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chase
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dining and drug stores
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additional benefits of the card such as
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trip cancellation and
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interruption insurance mobile phone
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security
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and others provide the cards additional
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benefits
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such as trip cancellation and
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interruption insurance
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this graph from credit karma illustrates
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the credit limits stated by users
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the credit score threshold for chase
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freedom unlimited is 750 plus
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or excellent credit the freedom
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unlimited card with a slightly lower
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score
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such as 700 plus might be possible to
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get
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particularly if you have a lot of
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revenue and little debt
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so the greater your credit score the
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higher your chances of acceptance would
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be
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number seven discover its student
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cashback
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thanks to its zero dollars annual fee
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amazing cash back bonus rate
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first year cashback match and user
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friendly terms
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the discover its student cashback is one
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of the best student credit cards on the
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market
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discover will automatically match all
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the cashback you received at the end of
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your first
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year in categories that adjust every
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three months
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you can receive five percent cash back
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on up to one thousand
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five hundred dollars in spending every
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quarter when you trigger
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one percent back on everything else
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discover its secured card
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is intended for individuals that are new
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to credit or who are trying to restore
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their credit
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which discover classifies as those with
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credit scores below
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670. in other words even though you have
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bad
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credit you should be able to get
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accepted the discover it secured is one
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of the market's few secured credit cards
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providing cashback
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feature to help you keep track of your
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credit building
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or rebuilding trip you will also get a
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free fico score number eight
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hilton honors american express card
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the american express card from hilton
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honors is a solid hotel credit card with
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no annual c
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generous bonus categories and the
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welcome bonus make this card a simple
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way to gain points
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the hilton honors amex provides some of
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the best hotel perks with no annual fee
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required for a hotel card hilton points
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typically expire after 12 months of
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inactivity
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so this is a reprieve for less active
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travelers who may not have any stays
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planned for the
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if you find availability at the low end
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of the redemption range
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you can score a free night at a category
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6 or 7 hotel for as little as 30
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000 points so the 75 000 point bonus can
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certainly get you a two-night stay if
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you find availability
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the redemption range
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number nine the blue business plus
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credit card from american
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express american express blue business
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plus credit card
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includes reasonably lucrative rewards a
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flexible credit limit
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and a reasonable introductory duration
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of zero percent
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it lacks a bonus offer and the travel
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benefits of several more costly business
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cards
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but there is also no annual charge
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this benefit allows you to spend beyond
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your credit limit
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and help pay for bigger transactions the
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blue business plus provides many
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advantages that may be particularly
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beneficial for small businesses despite
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being a no
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annual fee card increased buying ability
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amex suggests providing strong
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purchasing power
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you should aim for at least a 670 score
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especially with the current economic
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situation and many credit card issuers
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cutting back on approvals
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it is better to have a 700 plus credit
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score the main difference between the
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two is that the american express blue
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cash everyday card allows you to receive
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cash back in the form of cash
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while the amex everyday credit card
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dishes out its rewards as membership
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rewards points
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number 10 capital one quicksilver cash
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rewards credit card
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for individuals who either don't spend a
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lot in any one budget category
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or choose one reward rate instead of
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several rates
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depending on the purchase the capital
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one quicksilver credit card is a solid
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option
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if you are looking for a long
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introductory zero percent apr
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offer on transactions it is also a good
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choice
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this card is a flat rate cash back card
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which ensures that everything costs the
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same cashback
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for approval capital one quicksilver
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requires a good credit score of 700
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or higher capital one also considers the
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income and debt of applicants when
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making decisions about quicksilver card
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clearance
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there are no special rates or revolving
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categories of incentives to track
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and how much you will earn is not
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limited this is a good choice if you
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choose to hold a single credit card
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the capital one quicksilver card is
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approved anywhere in the us
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it's on the visa credit card network
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meaning it's approved nationally by
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nearly 11 million merchants
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which credit card did we fail to add in
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this video
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leave your thoughts in the comments
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