- If you are looking to get the best bang for your buck
when it comes to the credit card
that you use every single day, I've got you covered.
- [Man] Double rainbow.
Oh my god.
Whoa!
Oh my god!
Oh my god! (laughs)
In my search to find the best credit card for you,
I noticed one thing.
It seemed like everybody, everybody
is throwing their hat in the ring
when it comes to creating a credit card
on just about everything.
With the International Brotherhood of Magicians credit card,
the Hello Kitty Visa Platinum Rewards card
and of course, the Precious Moments Visa credit card.
How in the heck are you supposed to know
which one to choose?
As I was noticing all these random credit cards,
I was like, come on, who in the world is buying enough
Hello Kitty swag and Precious Moments figurines
to make it worth those rewards for that credit card?
Look, I know you're out there,
I know you are and you should stop doing that.
Get rid of that credit card.
Coming from a minimalist like me, please, stop.
You do not need all of that junk.
So in this video, I'm gonna give you my list
of the best cashback rewards credit cards
that the internet has to offer.
Hey, I'm Jared and on this channel
we like to talk about all things personal finance
and investing.
When I started researching all the cards out there
my head really started to spin and I noticed some issues
because so many of these websites just push credit cards
where they get kickbacks when you sign up.
So to help me evaluate each one
and be as non-biased as possible,
I did what any personal finance nerd would do,
I created a spreadsheet.
I spent hours and hours sifting through
every credit card out there
to find the best of the best for you.
This video is not sponsored and I do not have
any referral links down in the description.
So if you find this video helpful then please Hulk smash
that thumbs up button to help support this channel
and my dog.
If you go with any of these credit cards,
and let me know down in the comments below
which one you choose or if you use one of these
and think it's better than any other ones that I mentioned,
then please list that down in the description as well.
Some people will say "Oh you're such an idiot
"for wanting cashback credit cards.
"If you were smart, then you get a card
"where you get travel rewards."
But listen not everybody travels often enough
to make a travel credit card worth it.
Plus, everyone says they love to travel
until they travel for a week then miss being at home
and their normal routine.
Cash is of course king, so if you know that you'll get more
out of one of these credit cards
then stop waiting around and just sign up for one
and quit leaving money on the table.
One thing you'll notice that I won't touch on in this video
is the interest rate for each of these cards.
If you're worried about the interest rate,
than that tells me that you can't handle your money,
which means that you can't handle a credit card,
so you should not get a credit card.
Okay, my responsible adults who are left, let's get into it.
The first card you should think about getting your hands on
is the Chase Freedom Unlimited.
Now Chase is the biggest, and probably most well-known,
when it comes to their reward credit cards.
They've got the Chase Freedom Unlimited,
the Chase Freedom Card, the Chase Sapphire Preferred,
the Ink business Unlimited, the Ink Business Cash,
the Ink Business, guess what?
Preferred.
And there is way more, so I'm gonna stop right there.
The bonus they offer is absolute bananas,
with the Chase freedom Unlimited you get
3% for the first year on the first $20,000 that you spend.
That's up to $600 that they're gonna pay you.
Now I get that spending an average of $1,666,
wait 666, let's round up one, $1,667 per month is a ton,
but if you can do it, then do it.
Get this card and take that free money.
Even if you can't spend that much than who cares
because you're still getting that 3% cashback.
After the first year they're gonna drop
your cashback amount from 3% down to 1.5%,
so a $1.50 for every $100 that you spend.
There's a zero annual fee on this card and zero APR
for the first 15 months.
The vast majority of these credit cards
do not come with any annual fees
like more of the high-end travel cards do.
I used to be one of those people who thought it was
absolutely insane that people would pay a yearly fee
just to use a credit card,
but it turns out that paying a yearly fee
can sometimes make sense for some people.
As long as the numbers work out,
then someone who spends a decent amount can come out ahead.
Some additional perks they offer our purchase protection
for a 120 days after a purchase.
Against damage or theft, up to $500 per claim
and $50,000 per account.
They also extend to any manufacturer's warranty
by an extra year on warranties that are three years or less.
The last little perk on this card is that
you can earn up to $500 cashback per year,
when you refer this card to a friend.
They'll give you $100 per person you invite
to sign up for this credit card.
Overall the cashback reward of 1.5% is a little, meh,
but the 3% for the first year
is why I really like this card.
If you're a family or have a large number of expenses
planned in the next 12 months then get this card,
just for that first year, then move on to the next one.
The $100 for every person you refer
is a nice little perk as well.
Once again, I don't have this referral link
in the description.
So please, give me a little kickback
by Hulk smashing that thumbs up button,
commenting down below
and possibly sharing this video with your friends.
The next card in the list is the
Wells Fargo Propel American Express card.
Wells Fargo bases their rewards on points,
so I'll handle all of the annoying work
and convert everything to percentages and dollars
for your benefit.
One of the best things about this card is that they offer
a $300 bonus if you spend $3,000
within the first three months.
3,000 sounds like a lot but if you have a family
or just happen to charge that much on a monthly basis,
then take that free cash.
They offer 3% cashback when you spend money on things like
restaurants, gas, ride shares like Uber and Lyft,
flights, hotels and car rentals.
And even some more popular streaming services
like Apple Music, Hulu, Netflix and Pandora.
One more, Spotify as well.
For all other purchases you would net 1% cashback.
There's zero annual fees on this card,
which is a bonus and 0% APR for the first 12 months.
But that shouldn't matter
because you're gonna pay your bills.
They do offer some extra perks with this card.
You automatically get a cellphone protection plan
when you charge your monthly phone bill to this card.
They'll protect you up to $600 with a $25 deductible
for damaged or stolen phones.
They also give you retail protection,
which basically covers eligible items
that are lost or stolen within 90 days,
if you made the purchase with this card.
Just like the last card they're gonna give you
an extended warranty as well,
so no more paying for warranties
when you're in the store any longer,
when they're pushing these warranties on you.
Sorry, Walmart and Best Buy and Target.
They will double the original manufacturer's warranty
of one year or less on eligible products
purchased with this card.
Now overall this 1% cashback is trash
and you can absolutely do better,
I'm gonna say that right now.
But this card is great for that $300 signup bonus
if you're able to spend $3,000
within the first three months.
And the 3% cashback, if you have any upcoming vacations
where you plan to book your flights, hotels or rental cars.
Worst case scenario use it for the first year
then get the heck out and use one of these cards
that gonna mention in the rest of the video.
Now we've got the HSBC Cash Rewards Mastercard credit card.
I actually forgot that HSBC even existed
because the bank does not have any branches in Ohio.
But it doesn't matter where you live
if you wanna sign up for this credit card.
Just like the Chase Freedom Unlimited card,
the HSBC Mastercard is going to give you
an introductory 3% cashback in the first 12 months,
but their amount caps out at a 10,000 spend.
So that comes out to a $300 bonus if you can spend
$10,000 within that first 12 months.
But what makes this card different from the Chase card
is with the regular cashback amount that you get
after that first 12 months.
They offer 1.5% on all purchases.
So a $1.50 for every $100 you spend,
but, wait, there's more.
Every year they're gonna treat you nice and special
and give you a 10% anniversary bonus.
That means that that look back at the previous year,
add up how much you spent and give you another 10%.
So this actually increases the 1.5% to 1.65%
or a $1.65 for every $100 that you spend.
Wait, what?
I know, it's not that much of an additional bonus,
but it's still better than the 1.5%.
There's zero annual fees and zero APR
for the first 12 months,
which seems to be the industry standard at this point.
They do give you a few extra perks,
and they're not anything special,
but I'll mention them anyways.
They offer protection for physical damage
and theft to most rental cars.
They'll also give you $5 off orders of $25 or more
with Postmates.
So if you use Postmates a lot, you might like this perk.
They will also reimburse you up to $600
if your cell phone is stolen or damaged.
This card is good for the first years bonus,
but everyday cashback reward of 1.65%
kind of breaks my heart a little bit.
But if you're ready to upgrade a little bit,
then you're gonna love this next one
because it is a beast of a card.
And that is the Citi Double Cash credit card.
The downside of this card is that there is zero bonus.
Boo!
But they make up for it with how much they give you
in cashback.
With the Citi Double Cash credit card
you get 1% when you make a purchase
and then another 1%, when you pay the bill.
I know you and you're a responsible adult,
so, of course, you're going to pay the bill on time,
at the end of every month.
So you basically get 2% cashback on every purchase.
That is $2 for every $100 that you spend.
If that's not neat to you, then I don't know what is.
- How neat is that?
That's pretty neat.
- Just like all the other cards there is no annual fee
and a 0% APR on balance transfers for the first 18 months,
but you'll pay the full 25% APR on day one
if you carry a balance.
But if you're carrying a balance
and you only get 1% cashback,
since you don't pay your bills, then what's the point
in even getting the card to begin with.
Now unlike a lot of the other credit cards we've covered
you do not get extra things like extended warranties,
$5 off Postmates.
No cell phone reimbursements, no Hello Kitty swag
and no purchase protection as well.
But that's because they're giving you 2% cashback.
My final thoughts in the Citi Double Cash credit card
is that I love it, like, love it.
I actually have the card myself.
This card should be looked at
as your go to everyday spending card.
I know, I know you wanted that bonus with this one,
but you gotta give them a little break here.
They're giving you 2% back you dorks.
This is the perfect card for my fellow minimalists out there
because it's just a straight 2% cashback
and you're done with it.
But we can't forget this card, I love this card.
My favorite card of all is the
Fidelity Rewards Visa Signature credit card.
Now I kind of just stumbled upon this card
when I was doing the hours and hours of research.
I'm glad I found this card
because it kind of happened at the last minute.
Do not feel bad for me,
just Hulk smash that thumbs up button, please.
But I'm really glad that I found this card for you.
One of the main reasons that I like this card
a little bit more than the Citi Double Cash credit card
is because of the bonus.
They're gonna give you $100, in cash,
deposited into an eligible Fidelity account,
which we'll get to in a minute.
After you spend $1,000 in the first 90 days
of opening up your account.
That's an average spent of $334 per month.
I like it.
No, actually, I love it.
And the cashback amount?
Woo, I'm getting all hot and bothered
just thinking about it.
The cashback amount is two, freakin', percent
on all purchases.
You gotta give me a minute,
I just threw up in my mouth a little bit
and I'm sweating bullets.
Let me get this straight, 2% and a $100 bonus?
That's like, I don't know,
seeing a double rainbow in real life.
- [Man] Oh my god, it's full on.
Double rainbow all the way across the sky.
Oh wow!
- There is no annual fee and no waved APR.
Just like the Citi Double Cash card,
this card does not come with any crazy special perks
or features, except what you can do
with the reward money that you receive.
This is the really cool part.
Fidelity gives you the option to spend
or invest your cashback rewards.
For all of your reward money you have the option
to automatically put it into an eligible Fidelity account.
This includes a brokerage account, HSA, IRA,
529 or a cash management account.
Oh my gosh, it keeps getting better.
You can invest the money?
I love this card.
It's one of the easiest ways to build up your investments
and overall wealth for the future.
I get that you can just do this with your cashback rewards
from other cards, but I see it as a bonus
that Fidelity will automatically take care
of all of this work for you.
It removes some of the friction from the whole process
that usually prevents most people
from doing the right thing with their money
when it comes to investing.
So to recap, my number one pick would be
the Fidelity Rewards Visa Signature credit card
for the bonus and the everyday 2% cashback spending.
Followed by the Citi double cash rewards card.
Blah, blah, blah, I'm sick of saying the word rewards,
for their 2% as well.
The rest of these cards I would say to get,
but only for the first year to take advantage
of the bonuses that they offer because other than that,
the reward rates are absolute trash, with a capital T.
Make sure to Hulk smash that thumbs up button
and leave a comment down below letting me know
which one of these cashback credit cards that you prefer.
Check out these videos that around my head
and the links down in the description as well.
And of course subscribe, if you want more personal finance
and investing videos, just like this one.
I'll see in the next one friends
Adios.