Forget about top fives or even top 10s because today we're going to break down the top 15
best credit cards in 2022.
What is going on everyone I hope you are all having a fantastic day.
Needless to say we have looked at a ton of credit cards previously so let's start with
number 15 and work our way up to what is in my opinion the best credit card in 2022.
We are gonna move quickly so as per usual links down below where you can sign up for
many of these products and view the full reviews that I have made on many of them as well.
Coming in at #15 would be the Wells Fargo active cash card.
It's no secret that I hate Wells Fargo and their banking products are downright laughable.
However, they've recently been revamping their credit card products the best of which being
the active cash card which gives you 2% unlimited cash back on all of your purchases as well
as a $200 cash bonus when you spend $1000 in the first three months which is decent
considering it has no annual fee.
I'll tell you now that there are better flat cash back products higher on today's list
but if you use other Wells Fargo products then while I may question your judgment as
a whole I've got nothing bad to say about the active cache credit card.
Coming in at #14 would be another no annual fee cash back credit card and that would be
the American Express blue cash everyday card.
Right now you're looking at 3% back on groceries, online retail purchases, and gas on up to
$6000 in purchases per year in each of those categories.
You also get 1% cash back on all other purchases in addition to a $100 cash back bonus if you
spend $2000 in your first six months and 20% back on PayPal in your first six months up
to $150 back.
You also get a few additional credits and American Express products in general come
with a ton of benefits that we’ll get into later in the video so this is definitely one
worth checking out.
#13 on today's list is a product that we have rarely talked about on the channel but that
is the Capital One savor rewards card.
As is the case with several products on today's list there are a few versions of the Savor
card but the Savor rewards is the flagship paid version coming in at $95 per year but
for that small annual fee you get 4% unlimited cash back on dining, entertainment, and popular
streaming services plus 3% back at grocery stores.
You're also looking at a $300 cash bonus if you spend $3000 in the first three months
so if you're able to hit that spending requirements then that alone will cover your annual fee
for the first three years but even putting that aside, if you are a food connoisseur
like myself then this is the ultimate product covering both restaurants and grocery stores
that in most cases will more than justify that low annual fee.
The chase freedom flex card is the first of several chase credit cards on today's list
coming in at #12 and currently gives you 5% cash back on rolling bonus categories like
gas stations grocery stores and several others as well as 5% back on travel purchases made
through chase ultimate rewards, 3% back on dining and drug stores and then 1% back on
everything else.
Plus you get a $200 bonus after spending just $500 in the first three months and considering
this product has no annual fee that's a pretty sweet signup offer.
We'll be talking a lot about chase today but going back to Capital One for #11 is the regular
venture card.
Now there's a much cooler version of this product that I'll talk about later but the
standard venture card is much more affordable at just $95 per year and is one of the best
entry level travel credit cards and the first one on today's list giving you 2 miles per
dollar on every purchase and a 75,000 mile bonus if you spend $4000 in the first three
months.
And as we get into some of the more premium products I will be talking about points and
miles so just remember that those two terms are interchangeable.
We've talked about most of the major players in the credit card space already but coming
out of left field is a pretty underrated product and that would be the Citi premier card coming
in at #10 on today's list.
Again for $95 per year you're looking at three points per dollar on restaurants, gas stations,
supermarkets, as well as air travel and hotel purchases plus one point per dollar on all
other purchases.
They're also giving an 80,000 point bonus when you spend $4000 in the first three months
and while Citi does give you a ton of great additional benefits and the points are virtually
the same value as other credit card programs, I personally am not the biggest fan of Citi’s
rewards interface but a respectable product nonetheless which is why it's at #10.
At #9 is one of my personal favorites and that is the Amazon prime rewards visa signature
card.
This one could probably be way higher on the list and the only reason it isn't is you technically
have to be an Amazon prime member in order to reap all of the benefits and considering
Amazon prime is $140 per year that puts this product in a fairly decent category.
However if you're like me and you are already in Amazon prime customer then that would move
this product way to the top of my list because it gives you 5% unlimited cash back on all
Amazon and whole foods purchases plus you get 2% back at restaurants, gas stations,
and drug stores and 1% back on everything else.
You also get a $100 Amazon gift card just for getting approved which to me is as good
as cash and considering it has no annual fee as long as you're a prime member and no foreign
transaction fees, this one is a no brainer especially if you are a prime customer.
#8 is the bigger brother to the freedom flex card that we talked about earlier and that
would be the chase freedom unlimited card.
This product gives you the same 3% back on dining, drugstores, 5% on travel purchases
through chase ultimate rewards and the same $200 signup bonus but in place of the 5% back
on rolling categories this one is going to give you 1.5% cash back on all eligible purchases.
and considering it also has no annual fee, it's very similar to the freedom flex so you'll
want to check out this video comparing the two products but if you spend a decent amount
of money on your credit cards then this one is probably the better option which is why
it's at #8.
Alright we are over halfway through our lists already but still have the best products yet
to come starting with #7 and that is the Citi custom cash card.
This product is unlike anything else on the market right now since it gives you 5% cash
back on purchases in your top eligible spending category which includes a long list of things
from restaurants to gas stations, grocery stores and everything in between.
And that category automatically changes every single month meaning you are always earning
that 5% back on your top category plus 1% on everything else.
They'll give you a $200 cash bonus if you spend $1500 in the first six months and the
only bummer here is that the 5% cash back is capped at $500 in spending each month but
if you don't spend a lot of money on your credit card then this could be a fantastic
way to earn some serious cash back.
I alluded to this number six products earlier in the video but that is the Capital One venture
X card which is the more premium version of the venture card that we just talked about.
I love this card and it's actually one of just two credit cards that I carry with me
every single day the other of which we'll talk about next but the venture x card is
the ultimate in affordable premium travel and that's because for $395 per year which
I know sounds like a lot but it's actually much less expensive than other premium travel
cards, you get a 75,000 mile bonus when you spend $4000 in the first three months, a 10,000
mile anniversary bonus, a $300 annual travel credit, free TSA pre-check or global entry
not to mention 10 miles per dollar on hotels and rental cars booked through Capital One,
5 miles on flights and two miles per dollar on all other purchases.
Plus the Capital One travel portal has been taken to the next level in recent years and
I used their system to book thousands of dollars in free travel on my recent honeymoon and
the only reason it's not higher on today's list is because I know that $395 per year
may still be a lot to justify for some users.
But if you thought that's a lot of money then hold on to your wallet because coming in at
#5 is the American Express platinum card which is easily the most expensive product on today's
list at $695 per year.
Now I know that sounds absolutely insane and for most people it is and many argue this
card is overrated which most of the time is true.
But beyond the decent point multipliers like five points per dollar on flights and prepaid
hotels and at one point on all other purchases the real benefit of this product is the credits
which in total add up to $1500 in value so even if you use just some of those credits
which include things like a free clear membership, $200 in Uber cash, a free Walmart plus membership
and a ton of other useful benefits then it shouldn't be too difficult to justify that
annual fee assuming of course that you were using this credits on things that you would
already be purchasing anyways.
But of course the reason that most people get this card is that it gives you access
to more than 1400 airport lounges including the centurion lounges.
Now the venture X card that we just talked about does give you priority pass which is
the entry level lounge access but the centurion lounges are just on another level so if you
frequently travel then you might want to look into this product despite the high annual
fee.
But if you just can't swing it, the number 4 card is the only other product that I carry
with me every single day and that is the slightly less expensive American Express gold card.
This is still a travel product but it puts more of an emphasis on dining giving you four
points per dollar at restaurants and grocery stores, three points on flights booked with
American Express and one point on everything else plus several credits including a $120
dining credit at select locations, and $120 in Uber cash and with an annual fee of just
$250 those two credits alone will almost pay for this card.
Also it just looks way cooler than the platinum card in case that means anything to you.
Alright we are down to our last three products and coming in at #3 is by far the best beginner
credit card product which of course is the discover it credit card.
This gives you similar benefits to the freedom flex card that we talked about earlier giving
you 5% cash back on specific rolling categories and 1% back on all other purchases.
But the true differentiator with this one is you get an unlimited cash back match at
the end of your first year but also that it is really easy to get approved for especially
if you have little to no credit history.
This was the first credit card that I ever opened when I had no credit history and it
helped me build a fantastic foundational credit score hence the reason it is so high on today's
list.
But coming in at #2 is actually a slightly better intermediate product if you are able
to get approved and that is the SoFi credit card.
It's no secret that I absolutely love all things SoFi so I'll try to keep it brief but
this is a relatively new product giving you 2% cash back on all of your purchases but
right now they’re actually giving you 3% cash back in your first year and up to $250
in cash which I'll leave a link for down below plus the ability to redeem your cash back
directly into your bank accounts, towards your investing, credit card balance, eligible
loans and other products is really what sets this one apart and with no annual fee and
a seamless user experience it's easy to understand why it's at #2.
Alright but last but not least the moment you have all been waiting for, the number
one credit card on my list in 2022 may surprise some of you but that would be the American
Express blue cash preferred card.
I've talked about this one at length in previous videos but it still baffles me how American
Express makes any money on this product considering it gives you 6% cash back on groceries and
US streaming services, 3% back on transit and gas stations and 1% back on all other
purchases.
Plus you get several hundred dollars in credits and a $300 bonus when you spend $3000 in the
first six months and while it does have a $95 annual fee which honestly is a steal,
right now they will waive your annual fee for the first year and with that $300 cash
bonus that means that you get all of those insane cash back categories for the first
four years without having any net cost to you.
6% cash back on anything is just unheard of and even the lower 3% cash back categories
still crush the competition so if your grocery bill is going through the roof and you haven't
done so already, you'll definitely want to check out the blue cash preferred card.
But as always this is just my opinion so let me know what your favorite credit cards are
in 2022 down in the comment section below and check out my full review on the blue cash
preferred here as well as the links below where you can learn more about these products.
As always take it easy and I'll see you in the next one.