The BEST Cash Back Credit Card Setup in 2023
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- Опубликовано: 2 авг 2024
- One of the best things about credit card setups is the number of different combinations that you can make with all the different options out there. And one of the simplest setups to make is a no annual fee cash back credit card setup.
So here is the best no annual fee cash back credit card setup in 2023.
The first card is the Wells Fargo Autograph card. This card earns unlimited 3X points on restaurants, travel, gas, transit, popular streaming services, and on phone plans, with 1X points on all other purchases. It also gets cell phone protection where you can get up to $600 of reimbursed claims against damage or theft with a $25 deductible with a limit of 2 paid claims per 12-month period.
The next card is the Capital One Savor One card. The multipliers on this card are 3% cash back on dining, entertainment, popular streaming services, and at grocery stores. There are even better multipliers when entertainment and travel through Capital One which can get you up to 8% on entertainment and 5% on hotels and rental cars, and don't forget the complimentary Uber Benefits where you could not only earn 10% cash back on purchases on Uber and Uber Eats but also a complimentary Uber One membership through November 2024.
The next card is the Citi Custom Cash card. This card gets you 5% cash back on purchases on your top eligible spend category up to the first $500 spent each billing cycle. These categories are restaurants, gas stations, grocery stores, select travel, select transit, select streaming services, drugstores, home improvement stores, fitness clubs, and live entertainment.
The next card is the Wells Fargo Active cash card, which is your catch-all card, offering 2% cash back on everything else.
One bonus card would be the Chase Amazon Prime card, which gets you 5% cash back at Amazon.com and physical Amazon stores with an eligible Prime membership, 5% back at Whole Foods, 2% cash back at restaurants and gas stations, and 1% back on all other purchases.
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Chapters:
00:00 Intro
00:29 Best Cash Back Setup in 2023
09:19 Outro
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Disclaimer: I am not a financial advisor, accountant, or lawyer, and as such, I do not provide financial, tax, or legal advice. This video, and any ideas presented in it, are opinions and are provided for entertainment purposes only. Please do your own research and consult your own financial, tax, or legal professional for specific advice.
#creditcard #bestcreditcards #cashback
The beauty of cash-back setups is the ability to get cards from ANY lender and build the setup that works best for you. This is a solid setup for sure though! Great work on this one Stan.
Thanks Spencer! Yeah, I think for the most part, no annual fee cash back setups have been pretty stable, but I think now that the C1 Savor One has been covered more, it's definitely worth considering this card in the lineup. I agree, it's also an added bonus to have the freedom to choose among lenders for the best credit card product!
@@TheCreditFrog I completely agree! I can't stomach going with a cash back setup yet and not getting MAX value with travel partners, but maybe that will change one day.
The Autograph card isn't talked about enough. Anyone on team cash back should have that card in their wallet. Great video!
Thanks JP! Yeah that Autograph covers so many categories! Appreciate it man!
Yeah that Wells Fargo Autograph Card is definitely a Card I should have included on my list and gets a ton of exposure to a bunch of different broad categories- adding in that Cap One Savor One or Citi Custom Cash to cover that Grocery Store multiplier is a great solution as an added Card as well! Love the flexibility of the Citi Custom Cash to use as a dedicated Card for a specific spending category. Great video here Stan!
Thanks Matt! Yeah, the Autograph covers a lot of categories for sure, but since it's WF it usually does not get talked about as much. I think there were a lot of similarities between your list and mine! I wish more cards covered the grocery category since those that do have limits like $6k per year so we're all kind of forced to use the Amex Gold 🤣
Great list of no AF cash back CCs. The Wells Fargo Autograph seems to be the hot cash back card right now. Thanks for the info + video!
Thanks Jimmy James! Yes, that card is a beast on covering all the right categories. Only things missing are groceries and other!
Cash back card setups are relatively stress free and low maintenance since most of them have no annual fees. Personally I have and love the prime card but the savor one and custom cash are heavy hitters in their own respect 💪🏽
Very nice Chase! Yes, I love that Prime card and want to pick that one up at some point once I'm under 5/24. There's so many great no annual fee cash back options, and I'm all about the low maintenance - haha, looking at you Amex Platinum 👀
Great video and info 👍
Thanks! Appreciate it César!
Looking forward to completing my capital one duo once I get the savorone credit card. Great video Stan!
Yesss, get the C1 Savor One. And then unbox it and show it off in al it's glory. You will be C1 👑!
Yes! Need an unboxing video for the SavorOne! 🍿
Awesome Video, Stan. Cash Back with no fees is a legit option. Looks like i'll be receiving the WF Autograph card in May. Hello New Cash Back Gas and Parking Card!
Haha, yes Luke! And it looks like this quarter, you'll be taking the cash back life for a spin. The autograph would be a great new addition to your portfolio!
Great video! Couldn't believe the stats for rewards/cash back for no annual fee cards.
You should do a video comparing this line up to "premium" annual fee set ups.
Thanks! Yes, you can get tons of rewards from no annual fee cards! I actually did a comparison to my own "premium" setup in a previous video if you want to check that out: ruclips.net/video/AQyIDaZhakc/видео.html
Wells Fargo has definitely been stepping their game up in recent years.
I completely agree. If they can just work on their image, they'll be a force to be reckoned with. They also have to leverage that Bilt card to be more integrated in their portfolio somehow..
I was just over at Luke’s Points and Miles video and he said, “you never go full cashback”.
I think this was a good case for it though! That autograph is not talked about enough, along with its EV charging.
Nice cards otherwise, and the less talked about ones too, nice Stan!
Hah! Yeah, I think cash back is always a great fall back strategy because if you don’t ever use your points for travel, they end up being 0cpp, but with cash back, if you constantly redeem you are always getting value! Definitely awesome that the Autograph card get EV charging! Thanks Tony!
That Savor One and that slight revamp is a good addition!
I know, that’s Savor One is so good for NAF cash back setups!
@@TheCreditFrog 100%
Cashback is always such a great setup because you’re always gonna need cash!
Very true Manny! Especially now, cash is king!
Let’s go Stan!!! Look at Wells Fargo getting some airtime 😮. I must say, those WF cards are pretty good. This is definitely useful for those on team cash back and no annual fee.
Thanks CJ! Yes, having a solid no annual fee cash back setup is something we can all benefit from, and is also the best way to start in this fun credit card journey. Your fav Discover It is a part of this as well!
You said it.. nothing wrong with 3x and a 2% back..and a reflect after to slide in .....
Thanks
No problem!
If the Wells Fargo Active Cash had No Foreign Transaction Fees then Wells Fargo would have a perfect no annual fee credit card setup to go with the Autograph card.
Completely agree! But it's hard to find a 2% card with no FTFs, but one would be the SoFi credit card so if that's what you're looking for - that would be a great option!
nice video
Thank you!
The Amazon prime card technically does get 2x back at restaurants, drugstores and has stations but those aren’t exactly crazy multipliers to require mentioning
Yup, great point! That's true! I didn't include that just because those categories are much better covered by the other cards in this list as well (not drugstores, but if you had the CFF or CFU in your setup, that would provide great 3X coverage!)
This makes me feel smart for having 3/5 and I really should pull the trigger on the Amazon card; my question on it, do you get 5% back on anything Amazon; like can I effectively get a 5% discount on my Prime and Audible?
Very nice Matt! You got some solid cards there! From what I understand, it's 5% on anything on Amazon.com so I'm not sure if Audible would be a part of this. If you have Prime already, this card is definitely a no-brainer!
I currently have WF Active cash card, would you say autograph is preferred?🤔
I wouldn't say preferred, but I would say have both cards! The WF Active Cash and Autograph pair nicely and cover almost every category except for groceries like I mentioned in the video!
Can you transfer your Wells Fargo rewards point to the travel partners? How do WF rewards work? Thanks for any help and advice...
Unfortunately, Wells Fargo does not have any transfer partners. WF points can e redeemed for cash back, including statement credit and direct deposit, travel, and gift cards!
@@TheCreditFrog Thank you so much. I appreciate it...
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BILT card to get cash back on rent. The point redemption sucks for cash but it still better then nothing on many peoples largest spend category.
Yeah the Bilt card is an amazing no annual fee card! Definitely would add that to this setup!
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Should have thrown in chase freedom flex for 3% at drugstores.
Yes, that would have been a nice addition!
Is it true that you can only redeem WF cash back in increments of $25?
Yes, from what I understand it’s only in $25 increments!
It is updated now and can redeem in any!
@@lizbethp.4182 Very cool!
Never exclude credit unions. PERIOD
Ok sorry
Stay away from all them 3X cards.
I can get 5% cash back cards and cover virtually every category
Great job! Yeah there are setups out there that can get you 5% back on everything!
THANK YOU 🙏 FOR BRINGING UP BOFA CCR!!! 🥺 Nobody talks godly of them unlike you… they’re great!😅 nobody can change my mind. Also the SavorOne & PayPal MC are also my favorites besides my Unlimited Cash Rewards or UCR and Custom Cash Rewards…
Only thing that sucks is that BofA does a hard pull when asking for CLI’s but they’re still great cards!! Can’t change my mind on that!! 😮💨😤😤
Yes I’m a big fan of the BofA ecosystem! With their Preferred Rewards program, their cards are ver powerful and some of the best cash back options in the game!