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Best STORE Credit Cards 2019 (MASSIVE Store Savings) Full Review - YouTube
Channel: Money Growth Academy
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With all the great credit cards out
there why would you want to add another
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credit card to your wallet and
especially a specific store credit card
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well if you do any kind of shopping it
might be pretty dumb not to have a
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specific store credit card I'm gonna
show you the best online shopping card
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the best electronics card the best
everyday shopping card the best grocery
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and gas card the best clothing card the
best home-improvement card and best
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store card I'm gonna help you guys get
some extra savings and avoid some of the
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hidden traps of these cards that no one
on YouTube talks about I can promise you
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that you won't find a more detailed
review on YouTube of these cards and I
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know that because I've already looked
hey crew its tri welcome to money growth
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Academy where we demystify personal
finance simplify credit cards and
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multiply your earnings before we get
going hit that subscribe button because
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you already know this is gonna be a good
one we always appreciate your guys love
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all right so the best online shopping
and overall best car has got to be the
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Amazon Prime Rewards Visa Signature card
issued by Chase and we'll talk about all
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the gems of this card and then we'll
jump into the doo doo so of all of the
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cards we're gonna discuss this card has
got quite a few shining gems first off
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you get a whopping 5% back on all Amazon
and Whole Foods purchases if you're a
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Prime member and that's unlimited so no
caps to worry about no rotating
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categories you'll also get two percent
back at restaurants and gas stations and
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drug stores for all other purchases
you'll get one percent back now this is
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a zero percent annual fee card but we'll
discuss that a little more in a minute
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it's an open loop card meaning you can
use it anywhere Visa or MasterCard
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accept it and you also get a little
signup bonus you'll get a $50 Amazon
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gift card and if you have a prime
account you'll get a $70 gift card
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there's also no foreign transaction fees
which I love and you get an extended
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manufacturer's warranty plan which adds
on an extra year on to the
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manufacturer's warranty you also do have
the option to choose 5% back or special
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financing on purchases over a certain
amount and all honesty the 5% back is
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typically the better deal though so
let's talk about the doo doo first of
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all it does have a high ongoing APR
currently at the time of making this
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video is between sixteen point forty
nine percent to twenty four point forty
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nine percent depending on your
creditworthiness the other issue is in
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order to get the five percent back on
amazon purchases you do need to have an
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Amazon Prime account which can be a
little pricey as I'm making this video
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the Amazon Prime membership fee is 109
18 dollars sort of break even on your
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Prime membership you would need to spend
about 2,400 annually so who is this card
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for well if you're like us and you love
low prices and fast shipping and you
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already have an Amazon Prime membership
there's no reason not to have this card
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and reap the rewards benefits most
general credit cards offering 5% back
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have quarterly spending caps and
rotating categories so you can see how
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good this offer is now when it comes to
everyday shopping I think the best
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credit card and one of the toughest to
be is honestly the target red card
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it offers target fanatics a 5% discount
every day on most things in the store as
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well as online purchases including
in-store Starbucks for all you coffee
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addicts out there one thing I love about
this card is its simplicity
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there's no rewards or points to
accumulate for a reward certificate it's
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simply 5% discount on most purchases
you'll also receive free shipping on
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most items online there are a few
exclusions like prescriptions
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unfortunately clinic services eye exams
gift cards so you'll have to check that
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out for yourself but you also get an
extra 30 days to return items so that's
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a nice little buffer if something
doesn't work out for you another cool
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thing you can do is stack savings with
this card by using the target cartwheel
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app and target subscriptions and gain
savings of up to 55% so take advantage
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of the extra savings by the way there is
no annual fee so there's no need to try
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and break even with this card the target
red card is also offered in a debit card
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version that way you can link straight
to your checking account so there's no
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interest to worry about or credit card
balance to manage and you get all the
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same benefits as the credit card
one of the biggest duties is the hefty
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variable APR and at the time of filming
it's 25 point 15% so make sure you're
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not carrying a balance with this card or
else it will completely wipe out any of
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the savings you were making it is a
closed looped card so you can only use
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it at Target unfortunately but with the
capability to shop online get free
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shipping you can pretty much get
whatever you need if you don't live
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close to a physical store or they don't
have what you need in that exact store
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now the shipping of three to five days
can honestly be slow if you do need a
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product immediately and you don't like
waiting you'll probably want to check
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out the Amazon card we just mention so
who is this card for them it's honestly
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for the everyday
but especially for Target loyalists with
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a 5% discount on most purchases in-store
and online with free shipping and 30
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extra days for returns it makes for a
great card but I would advise anyone who
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can't manage to pay their balances or
remain financially responsible stay away
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from this carpet that's hefty 25 point
15% variable APR or move to the debit
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card version of the target red card one
of my all-time favorite cards in my
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wallet to use for shopping dining travel
and gas is the Costco anywhere visa
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issued by Citibank it's quite literally
a Swiss Army knife card if you don't
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want to carry around a whole lot of
cards there are a lot of gems with this
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card so hang in there as I explain them
all to you guys being a Citibank Card
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you get access to their extended
manufacturer's two-year warranty perk
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trip cancellation price protection with
city price free wine and worldwide car
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rental insurance it's got a lot of the
same person the city double cash card if
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you check out that video right here it's
also a cash back card so you can redeem
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that cash to use anywhere which I love
but it is an annual cash back system
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unlike the citi double cash card that
you can redeem at any time it's four
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percent cashback on gas purchases up to
seven thousand dollars annually by the
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way Costco on average is already twenty
five cents cheaper than other gas
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stations making Costco membership worth
it if you commute a lot you'll also get
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three percent cashback on restaurants
and travel which includes bars cafes
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lounges and fast food then you get two
percent cash back on all Costco
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purchases it's an open loop card so
you'll get one percent anywhere visa is
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accepted as well it also doesn't have a
foreign transaction fee or annual fee
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but a Costco membership is required
which we'll talk about here in a minute
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out of all the cards we've been
discussing this card has the closest
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variable APR to the national average at
the time of filming is 17 point forty
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nine percent but as much as I love
Costco there is some duty to talk about
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so the card is gonna require a Costco
membership which is gonna cost you
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anywhere from 60 to 120 dollars a year
but the savings in Kirkland brand items
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and gas alone can pay for itself
the other downside is cash back rewards
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are only paid out annually so you'll
have to wait to collect on those
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unfortunately so who's this card for if
you're already a Costco shopper the card
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is an absolute no-brainer
it's
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especially with its massive rewards and
when it comes to gas and dining as well
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as great rewards on travel and broad
categories guys be sure to click that
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subscribe button right down there so you
can get access to all the newly released
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content we have lined up for you guys to
help you generate more well best card
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when it comes to purchasing clothing is
gonna be the gap Visa credit card issued
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by synchrony it's a zero dollar annual
fee card and is an open end loop cart so
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you can use it outside of gap guys now
the great thing about this card is it
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covers other stores underneath the gap
umbrella so you'll earn five points for
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every dollar you spend that gap gap
Factory Old Navy Banana Republic and
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Athleta giving you a wider assortment of
clothing to choose from unlike most
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store cards out there so for any
purchase outside of this umbrella it's
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one point for every dollar spent I love
it because the point system is
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straightforward and easy to use for
every 500 points you accumulate you'll
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receive a five dollar reward that can be
used at any Gap store and when you apply
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you'll also get 20% off your first
purchase within the first 30 days plus
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free shipping if you order online now if
you reach the Gap silver status you can
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receive additional benefits such as free
three to five day shipping on all online
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shipping a quarterly bonus of 20% choose
your own day sell and free basic
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alterations on apparel from Banana
Republic but in order to reach that
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silver status you'll need to earn 5,000
reward points in a calendar year this
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card does have some doodoos as well
though it has an extremely high variable
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APR of 28.24 percent at the time of
filming this so this card could
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essentially wipe out any potential
savings if you carry this balance so
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stay financially responsible guys with
credit cards as always and points can
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take a while to add up on this card to
reach 500 points you would typically
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need to spend $100 at Gap stores in
order to get the $5 rewards which can
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only be redeemed at Gap stores but if
you have a family you know
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back-to-school shopping can get pricey
so you could rack up points fast with
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shopping for your kids spouse and
yourself there is a cap on the award
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amount you can receive in a billing
cycle and it's set at $250 right now so
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your remaining points will carry over
though and your points also have to be
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used within 24 months now one of the
biggest warnings with this card that you
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need to pay attention to is the
application process you might end up
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with a card you didn't
when you apply your consider for the gap
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visa card and the gap card which are
different if you don't qualify for the
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gap visa card you could be considered
for the gap card which is a closed-loop
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credit card so make sure your credit
score is in good standing before
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applying
so who's this car for it's best for
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someone who does a lot of clothing
shopping at any of the Gap stores
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ideally at least once a month for
themselves or their family like I
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mentioned if you have a family you'll be
able to rack up points pretty fast
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however if you are the least bit worried
about carrying your credit card balance
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do not apply for this card guys now if
you do all your shopping at discount
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stores it's gonna be very hard to find a
card better the TJX rewards Platinum
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Master Card offered through synchrony
Bank now that card is an annual zero
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dollar annual fee there is a sign-up
bonus of 10% off your first purchase at
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a TJX stores not less than 10%
you'll also receive an unlimited five
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percent back which is equal to five
points per dollar spent at any stores
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within the TJX family TJ Maxx Marshalls
home goods Sierra Trading Post and home
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since now like the gap cart I love the
fact that it includes several stores
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under their umbrella giving you a wider
range of products to earn money back
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it's an open loop card so you can
receive one point per dollar spent on
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any other purchases where MasterCard is
accepted and another thing I like about
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these points is they're unlimited and
never expire at TJX after accumulating a
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thousand points you'll receive $10
rewards certificate that you can use at
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any of their stores in their network in
terms of the dudas this card ranks very
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high in terms of the variable APR with
an ongoing interest rate at the time of
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this filming of 28.9%
so this card can get you into some
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serious trouble if you're not careful
with it and you do not want to carry a
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balance with it guys please never do
that once again with this card you'll
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need to pay attention to the application
process because you may end up with the
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cards you didn't want much like the best
buy car that I'll talk about now when
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you apply synchrony determines based on
your credit score whether to approve you
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for the TJX rewards platinum MasterCard
or if you fail to be a proof for that
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you'll be considered for the TGX rewards
credit card which leaves you with less
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versatility since its closed ended and I
haven't had any trouble with the card
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but many people online have complained
about the lack of crappy customer
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service when
needed it so who's this cardigan before
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it's gonna be for frequent shoppers of
TJ Maxx and its sister stores like other
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retailer cards it requires someone with
financial discipline to avoid the high
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interest if the bad reviews of customer
service scare you you would be fine with
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just a great cashback card guys now when
it comes to those of us who love
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building and home improvement projects
the best card is the Lowe's advantage
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card whether you're constantly
renovating your home or working on
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projects this is a great card to have
with a zero dollar annual fee and
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unlimited 5% off or its promotional
financing which you'll have to check at
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the time you apply but that promotional
financing can save you a fortune and
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interest if appropriately managed guys
so since it's 5% off all purchases
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there's no waiting for points accumulate
you get immediate discounts upfront
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which I love and there's also a
promotional sign up bonus going on right
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now time of filming which is $30 off
your in-store purchase between $30 and
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599 or $100 off your purchase of $600 or
more and it doesn't really have that
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many duties to be honest but it does
have a high standard APR of 26 point 99
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percent it's also closed-loop card so
you won't be able to use it outside of
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Lowe's unfortunately so who's this card
for it's gonna be great for those who
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frequent home-improvement stores whether
you're renovating your home buying the
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occasional lumber tools Hardware
gardening lawn supplies or mulching your
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yard it's hard to beat five percent
instant savings now this card hands-down
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beats the home depot offer don't even go
look at that car - this sucks compared
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to this and if you run a small home
improvement business they offer cards
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better suited to businesses so don't go
for this card if you're using for that
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purpose the Amazon card is very strong
but when it comes to buying electronics
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you might be better off with the Best
Buy Visa credit card issued by Citibank
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now this card is gonna offer 5% back on
purchases from Best Buy up to 6% if
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you're an elite Plus member you get 2%
back on dining and groceries and 1% back
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on everything else and they also do have
rotating limited time offer so you have
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to keep an eye on those at the time of
filming you can get 3% back on air and
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ground transportation as well as on gas
so rewards are relatively simple for
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every 250 points you get a 5 dollar
reward so if you spend $500 you
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get a $25 reward certificate the other
thing I like about Best Buy is they
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price match most products so if you do
find something from Amazon or another
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retailer you could price match and get
the 5% back right there at Best Buy and
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pick up the product that day so there is
a sign-up bonus of 10% back on your
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first purchase so you want to make sure
the first purchase counts let's get to
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the doodoo of the car depending on your
creditworthiness the variable APR can be
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extremely high it's anywhere from twelve
point nine percent to thirty point
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twenty four percent as I mentioned the
bonus or rotating categories like gas
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and transportation can change creating
some unpredictability that I don't like
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and in my honest opinion the rewards
rates could be better on this card I'm
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also not a fan of how the application
process works and it can be a little
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tricky so you need to pay attention when
applying for this card when you apply
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for a my Best Buy Visa card you're
actually applying for a my best buy visa
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platinum account if you don't qualify
for this account Citibank may consider
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you for several other cards using that
same application and they might try to
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qualify you for my Best Buy credit card
preferred account which is a closed-loop
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credit card meaning you can only use it
at Best Buy and you could also be
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considered for a my best by credit card
account this account has the same terms
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as the my best buy credit card preferred
and lastly you could be considered for a
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my Best Buy Visa Gold account
it's a Visa account so it would be an
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open-end card but a big warning is that
that card comes with a fifty to nine
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dollar annual fee which I am NOT a fan
of so the application process can be
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super frustrating and tricky if you're
not approved with a my best buy visa
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platinum account you could end up with
the less effective card like the my best
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buy credit card or the my best buy visa
Gold account that comes with a high
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annual fee and no additional benefits if
this does happen to you you can always
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call and close the account as soon as
you're notified to avoid paying any
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annual fees be aware they'll closing a
credit card could negatively impact your
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credit so only apply for this card if
you have a good credit score so who's
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this card gonna be for it's gonna be a
card for the Best Buy loyalists and
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super spenders if you're the type to
spend thousands on electronics each year
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this will fit right in and I would stay
away from this card if you have a low
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credit card score and if you only spend
a few hundred dollars at that
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store a year if you want to learn more
about these carts in detail subscribe to
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the channel see newly released videos
once you subscribe check out some of our
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other videos on this channel like the
ones right here to begin your journey to
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generating more wealth we'll catch you
guys later
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