I was in NYC paying for my dinner with the platinum. An older guy at the table across saw me whipping it out and said "dont you have the gold?? Use the gold". We started talking and turns out he worked pretty high up in my industry. One thing led to another and I got hired at his company making almost double the salary I had before. So everytime I think of downgrading the card because of the fee I remember that it's covered by the $60,000 more a year I earn thanks to it.
well Brand on that's nobody's business it's his video and his shirt not our business. you have a comment about a disagreement on a credit card that's what were here for not his shirt.
This reminds me of that Ask Sebby video where he explained how he spent over $1600 on annual fees, which included multiple premium cards. My position is if you have a genuine need to carry all the premium cards regardless of the expense associated with them then by all means - go for it. But I personally agree with Shifu. Just use 1 premium card. Whichever makes sense for you and/or your family. There comes a point where too much is too much and everything else is just a waste or financially unnecessary.
Yeah. I could see cases being made for two depending on unique situation or cards complimenting each other but in most cases one is probably best. I say that with having CSR and wife just getting Aspire though. BUT I'm not sure we'll keep hers longterm. We may downgrade to regular Hilton. For now each of us having Priority pass is beneficial to our family. I know there may be other/better ways to do that but I'm keeping my CSR and don't want to pay for an AU.
D H - agree 100%. I never like paying for anything obviously, but $75 for AU is cheaper than her keeping the CSP after year 1, so we’ll downgrade hers to CFU and added her to my CSR. She keeps the points rolling in, and I maximize here and there and handle the minutia. It’s no extra work and it’s easy. (It gives her a headache).
@@dandawson8128 Definitely agree with that. Having a CSP is worthless when you have a CSR in the family already. You might could try doing without an AU though. A lot of travel purchases are online so your wife could still use your card. When we go out to eat, I'm usually with her so she still doesn't need her own card. One other thought is looking into setting up mobile pay on your wife's phone with your card. Question for you though, does being an AU get your wife her own Priority Pass?
David Sebby claims he makes money on each of his premium cards. Let's assume he does, then it makes great sense to have them all. Now I'm skeptical he does make money on each of them but I'll take his word for it.
@@stevenmiller7747 Yeah, it's all good. I'm a big fan of both Shifu and Sebby so I've followed both of their insights on managing premium credit cards with great interest. It's definitely a juggling act to balance all those high annual fees with the understanding that once you've crossed that line (actually having multiple high-tier cards) you now have to ensure that you get a solid return - or as Sebby says - "positive expected value".
Of course. Some rich people get that way from being frugal, cutting costs of items, etc, and that includes going after things like rewards. Because who doesn’t like free stuff?
I have 3 cashback cards and 2 travel cards. I feel like it makes sense to have a combination....also...with travel being terrible right now a lot of travel cards are adding everyday purchase rewards.
The card holder will be sipping his drink in the lounge, waiting for his flight covered by the $200 annual credit, while others wait on the crowded concourse. Life is full of tradeoffs.
Haha I felt so bad cus I used the CSR at Sams Club instead of the Freedom. So I literally went back returned everything and put it on my Freedom. The dude at the customer desk didn’t understand and I was too ashamed to tell him why I was buying all the things I just returned
@@jgalt99 1. i hadn't left the Sam's club, I just went back and returned it at the desk. 2. It didn't take that much time lol I just rang up a refund and rescanned everything. i value those points a lot more than the 5 minutes it took on a Sunday
Haha! I did this at Costco. The customer service looked at me funny. Luckily I have not left the building. Oh well, I’m not about to lose 1000 points that day.
When you get a top tier card you start to pay attention to what other people are using to pay for things. Then you barf a little in your mouth when you see people you know that are doing well pay for things with their debit card.
Wow flat battery outside of house with a ford fusion. That exact scenario happened to me about a month ago but my father refused to let me call the roadside assistance on my American Express card because he wanted to fix it himself. He did fix it but I can see how roadside assistance is useful.
Hey Ben. We’re seeing more and more cards doing double spending requirements 40k for $3k then 20k for $10k for example. My theory is this is to discourage rapid churning. Would love to hear your thoughts in a video 👌🏻
Slick Reviews - you nailed it, that’s exactly their intent, to get rid of churners (like my neighbor) and incentivize you to keep using the card. Interesting observation/comparison, AmEx is using the carrot approach like targeting me to spend $2k on Ascend for 20k pts (up to 2x) and $1k on HHonors card to 10k pts (up to 2x), while Chase is using the stick approach lengthening the Sapphire rule up to 48 months now I think. Seems the cobranded cards are using the $15k, $20k, and higher targets for the next tier of bonus miles/points.
Great advice, especially on "joke's on you" at 12:22. The biggest perk for the AE Platinum is their airline transfer partners, at least for me. I have the Hyatt and IHG card for hotels.
@@DavidMossMGS Depending on the hotel, some give 2 bottles of water every day. Some give you 2 bottles of water, 2 beers, and 2 sodas a day. Others have a fully loaded mini-refrigerator for you to use. Lounge has hot food buffet and you can order hot breakfast if you do not prefer the buffet. The down side is that they are kind of pricey.
@@TheCreditShifu - You should have gone with a thumbnail with a guy waiting at the non-TSA precheck line taking off his shoes and taking out his stuff to put in a scanner bin as he's pulling out a wallet holding both a CSR and AMEX Platinum.
The Credit Shifu Hey dude great video! I just had one question. If I have a lot of credit cards and I don't want to carry them all what should I do with the ones that I won't use? I don't want to cancel my lines of credit. Should I just hide them somewhere in my house?
Brilliant videos! Very informative, im from the uk and i still find them interesting, id love it if you could do some reaserch and do a UK specific video if you have time, im sure im not the only one... thanks
If only I could get my wife to understand when to use what card 🤦♂️ She uses the CSR almost exclusively. I guess if you’re going to pick just one that’s a decent choice but we miss out on points.
David haha... she probably won’t get it. And yes dining is a good amount of it. Dining, Gas, and Grocery are her top 3. She’s an AU on my Amex gold but no matter how many times I ask her to, she never uses it at the grocery store.
Michael F that’s just really frustrating I bet But I wouldn’t get that mad In the grand scheme of things Life is short And the difference in a lifetime difference of 4x and 1x Isn’t worth fighting over
David oh yeah there’s no fighting over it. We get plenty of points to take amazing vacations for next to nothing each year so there’s nothing to get too mad about.
The only one I can think of is the American Express gold card being that's a 250.00 it doesn't come with airport lounge accesses it does have the airline credit but it's 100.00 not 200.00 it might have hotel status. The other card don't know if it's close to tier4 but does have higher annual fees than the other tier 3 cards and 2 I can think of are Chase there new south west card I believe the annual fee is 147 or 167 and the Delta platinum card 150.00 . good suggestion Scarface 79.
RNS TV tickets Dinners mainly Idk I call them a lot I drive a lot for my sales job 40,000 miles this year alone And when I think of something I need done I call them and they do it And then email me the receipts
Alright, a few off-topic questions: In the Uk, it states that if you buy an airline ticket through Amex, you get 3 points per £1 spent. I have a digital card with Emirates who also states that if I book with them, I get 2x points. So does that total to 5 points per £1 or separate? Does it earn points for with the airlines? Would I also benefit from just sticking with 1 airline or multiple? It then leads on to how I should purchase my tickets and the best value. If I wanted business class would I benefit more from: 1) Cash + Miles 2) Upgrade from economy class 3) Buy business class straight from miles Would really appreciate a response Cheers
The Emirates card, do you mean a card from their frequent flyer program? If so, then yes you will earn the Amex points for every £ spent on plane tickets with your Amex and you will also get Emirates miles for the miles flown in the Emirates frequent flyer program. (If I am understanding correctly)
Zero2 Q50 - huh, I didn’t know that. I used it once 3 months ago, and was 20 miles from home, but didn’t recall that being relevant. Probably didn’t come up since I met the required distance.
My battery died and call for a jump and they told me the can send someone out and they charge the card but for it to be free i had to be further from my house.
How can you forget to use the CSR travel credit. Come on! My challenge is the strict Amex travel credit in my gold card. Trying to justify possibly getting an Amex platinum card next year.
Hey Shifu you don't agree that it make sense to have both the Platinum and the CSR although they double up? You get a lot of bang for you buck with the Platinum credits and CSR over the CSP due to the travel credit. I look at $300 of the CSR fee as money in the bank savings. I wish the Platinum would have gotten the Amex Gold point redemption instead of separating the two to squeeze more out of you, but even with that $250 the fee ends up around $30 after the credits. All hail Kind Shifu!!!
It's just best to have regular credit cards without any annual fee. Pay the whole bill each month & you'll never have to pay interest on that card, regardless of what the interest is on that card. Some of these regular credit cards do offer reward points just as well.👍
I love to travel but hate to fly cards that give you lounge access and status make travel MUCH better. Amex plat would be that card and has a 100k bonus. That also might be a good option
You don't really in a monetary sense. you can either pay a $450 fee plus points or pay no annual fee and get a certain amount of your money back. if you the perks and travelling then rewards are better, but you're not making money
I actually forgot to use my $15 Uber credit in November....that got rolled over to this month. I thought that was cool because now I have $50 Uber credits to use in December.
How much of a credit history should one have before getting one of these? I only graduated and started working a year ago so just have a year of credit history but no debt or bad credit history in that I've paid off everything on time. The Amex Gold looks pretty good, I just have the fee free BAs Amex card at the moment
2 questions did your friend from California have a Chase Freedom NOT Freedom unlimited Freedom? your correct you can redeem cash back from the Sapphires but your correct there travel cards so which is better after year one down grading or product changing let's look at some cards if somebody has the Savor Capitol1 4% cash back on entertainment and 4% on dining 2x on grocerys after the first year which is better down grading to the Savor1 product changing over to Venture1 or product changing over to the Quicksilver or canceling the Card? these are for people who like to shop and go out to eat and go to a spa 6 times a year, travel on vacation 2 times a year Citi Bank Thank you premiere same scenario for people who like go to Barnes and nobles, Models champs, Bed bath and beyond, Armani Exchange gap family ect, spa 6 times a year and on vacation after year 1 which is better down grading from the Thank you premiere to the thank you prefeered or product changing from the Thank you premiere to the double cash card or canceling the Thank you premiere? Chase from the card I just picked up from sapphire preferred to the Freedom unlimited or to the Freedom as a product change or down grading to the basic sapphire or canceling the Sapphire preferred? Capitol1 Venture after year 1 down grading to Venture 1 or product changing over to Savor1 or to the Quick silver or canceling the Venture card? American express Green card after year one are there any downgrade able cards if so with this company is there a small fee? can you product change if so would it be the blue cash card ( basic 1) or what cards can be product changed over from the Green card?
I also forgot which one to charge to when buying certain items - Should I consider which one has the better warranty? Or has better price protection? Or return protection? Or lost/replacement protection? Or primary insurance vs secondary insurance? Or road-side service instead of home-side service? Fuck, I need a cheat sheet.
For the Baggage Insurance Plan for the Amex Platinum card, would redeeming miles for the flight and pay partially with the card also give the baggage insurance?
This is precisely why any video on youtube that tries to tell you what card is best for you is a joke. Because it's PERSONAL. I will never, ever be interested in the points story of Chase Sapphire Reserve because the centurion lounge and other amex plat benefits are much more important to me. Don't let a random person online convince you how you live.
I think I've made half of these mistakes already, including the one at the gas station. After the 5% quarter ends for Freedom, I go back to thinking gas stations would be part of 3% travel for sapphire reserve. Then as I'm pulling away with a full tank, I slap myself when I remember gas isn't considered travel *AND* I use the Citi Costco for 4% back the other 9 months anyway. *DOH...YOU FORGOT AGAIN...IDIOT!*
skylinec83 - fully agree, but since gas isn’t considered as travel for CSR, gas should be on CFU for 1.5%, or another card that’s 2% on everything (Citi Thank You, AmEx something, or CO Spark Business & they have a personal one too that’s 2%), if you don’t mind leaving UR family.. Aside from CF quarterly bonus, I use AmEx Hilton Ascend for gas at 6x points. Don’t forget gas was for 3 quarters this year (twice it was gas straight up and first 3 quarters were all Chase Pay). I usually buy all the gas so use Chase Pay mobile app at Shell till I reach max max for quarter.
Is there a credit card that values loyalty very highly. Because I’m looking to get my first premium card and I plan on sticking with it for a while. Do any of these companies value customer loyalty?
Short answer: None! Amex values spenders. Chase values super high credit scores. In my experience, the only two banks that really “valued” me are BOA and Discover. Rest all are useless when it comes to loyalty. Yeah, you will get some consideration after you are 5+ years with most, but that’s as far as you are gonnna get!
What if I plan to start traveling a lot later on in life? Would it be a bad idea to accumulate reward points via CSR over the years for free tickets later on in life?
Wow that's really good information, what credit card I need to have for supermarkets and gas pls let me know and just now I have american Express platinum card but I travel every year only tnx.
The 3% (or 6% with Blue Cash Premium) reward for grocery stores applies to Trader Joes and Safeway as their CC category is listed as "Grocery Stores" in the CC merchant system.
buttheadrulesagain amex rep, your statement doesnt make any sense to me. This was even suggested by the rep who signed me up for the platinum. People have different reasons for downgrading or canceling cards. It doesnt always means they are churning or gaming the system. For instance, the business plat premium fee will go up next year. This will become a deal breaker for some people.
@@asahai2 yes, but if somehow we detect you are doing it only for the welcome bonus, it can happen. How we notice? I don't know, I guess we can establish patterns. If I knew who suggested that to you, I'd report him for deceptive sales practice. It is even stated in some disclosures we say to customers. "we may also consider the number of cards opened and closed in consideration for your eligibility for the welcome bonus".
Now, it is very likely that for one time we won´t notice, though, just be aware there's always that danger. Look, right from the terms and conditions in our website: Welcome offer not available to applicants who have or have had this Card. We may also consider the number of American Express Cards you have opened and closed as well as other factors in making a decision on your welcome offer eligibility.
That Dude the CSR is pretty good even if you don’t travel a lot. I’d try to get during the holidays to buy gifts and maybe holiday travel. Other option Amex gold it’s great for collecting points only daily use. Also it’s only a $2000 minimum spend.
@@jonathanjones7681 ok cool i already have a relationship with chase plus i think the reserve gives you a very high credit limit i already have a chase freedom unlimited with 15k limit
yes, particularly in the cold, if the battery isn't that new and I also often forget to un-plug my dashcam, which drains a little bit of power even when the car is off, if left plugged in
Bucky Henrí actually it’s not incorrect to say flat as hooking a battery to any kind of voltage meter will register a flat response, so try to not be a smart a** 😉
Unlike Chase which requires you transfer points between accounts, AMEX is all one account by default. No need to transfer points as they all accrue to the same place. Just ensure they are all linked to the same online account.
If you use the Amex Everyday Preferred to buy a 500$ gift card would i be getting 2250 points on that? 3 points plus the .5 bonus for 30 purchases. Cause I've just started buying gift cards for stores i plan on shopping at while at the grocery stores. Does anyone know if this is true i still have to wait for the next credit statement to come up to see the numbers.
Yooooo ....Mr... Shifu I'm starting to love your sweeter .....question I just go the chase freedom unlimited and the sapphire preferred wish I would of gotten the sapphire reserve is there a way to upgrade just got it two weeks ago thank you...
RECKLESS_ RICAN don’t think u could upgrade so quickly But wouldn’t hurt to call Same sign up bonus and chase would get more money So idk why they would say no
I find it interesting that Americans use so much credit cards when in the EU nobody uses it so much. why do Americans use it so much? Just for the perks? :) btw I don't spend a lot of money to so xD
@@MrFrozenDivine mainly cash,but digital payments are getting popular... I always try to use my AMEX firstly, if they don't accept it I'll just leave.😄
Virtual IT Boy, a lot of us use it because we need to build good credit for lower interest on homes and cars. Well at least that's my reason for it. In addition, some jobs even check your credit history for employment, so for some people it's a necessity that they're pretty much placed on us.
What others have said as well as for security reasons. If my card gets stolen, I can just suspend or cancel it. If there is fraud, the credit card company will take care of it. When it’s their money, they take quick action, if it’s mine they won’t give a shit. I rarely ever use my debit card. Plus, definitely the perks. I have two trips paid in full through the miles/points I built up by my everyday spending on my credit cards.
We use Debit cards a lot, where you get one from the bank. :) And then using wireless payments that way. Credit cards are often not even accepted. My sister just got a credit card as she is going to America for vacation but we had to search for a place that accepts it to activate it!
Gift cards from Grubhub don’t work since they use a third party for their gift card services. It doesn’t bill as a Grubhub purchase so it doesn’t give you credit.
What kind of question is that? At the age of 21 with a 75,000 credit limit is huge. Its so huge that I'm actually thinking you might be lying. How can you have 75,000 credit limit at the age of 21? Even with a huge income at the age of 21, you would need a good credit history as well.
I benefit from multiple I have Amex Platinum Amex Gold Amex SPG Luxury Amex Hilton Aspire And Chase Sapphire Reserve It makes sense for me idk about you guys
I was in NYC paying for my dinner with the platinum. An older guy at the table across saw me whipping it out and said "dont you have the gold?? Use the gold".
We started talking and turns out he worked pretty high up in my industry. One thing led to another and I got hired at his company making almost double the salary I had before. So everytime I think of downgrading the card because of the fee I remember that it's covered by the $60,000 more a year I earn thanks to it.
Did everyone stand up and 👏 or is this a real story? If so, bad ass.
Compte Prive dam thats a cool story congrats bro!
That’s so cool
The moral I got from this is always network.
The left side of the hoodie sticking out bothers me more than it should.
well Brand on that's nobody's business it's his video and his shirt not our business. you have a comment about a disagreement on a credit card that's what were here for not his shirt.
@@marksantucci4230 you mad bro?
@@I.S.electric Not mad at all.
@@marksantucci4230 Exactly you mad.
Tom Brady has entered the room
This reminds me of that Ask Sebby video where he explained how he spent over $1600 on annual fees, which included multiple premium cards.
My position is if you have a genuine need to carry all the premium cards regardless of the expense associated with them then by all means - go for it.
But I personally agree with Shifu. Just use 1 premium card. Whichever makes sense for you and/or your family.
There comes a point where too much is too much and everything else is just a waste or financially unnecessary.
Yeah. I could see cases being made for two depending on unique situation or cards complimenting each other but in most cases one is probably best.
I say that with having CSR and wife just getting Aspire though. BUT I'm not sure we'll keep hers longterm. We may downgrade to regular Hilton. For now each of us having Priority pass is beneficial to our family. I know there may be other/better ways to do that but I'm keeping my CSR and don't want to pay for an AU.
D H - agree 100%. I never like paying for anything obviously, but $75 for AU is cheaper than her keeping the CSP after year 1, so we’ll downgrade hers to CFU and added her to my CSR. She keeps the points rolling in, and I maximize here and there and handle the minutia. It’s no extra work and it’s easy. (It gives her a headache).
@@dandawson8128 Definitely agree with that. Having a CSP is worthless when you have a CSR in the family already.
You might could try doing without an AU though. A lot of travel purchases are online so your wife could still use your card. When we go out to eat, I'm usually with her so she still doesn't need her own card. One other thought is looking into setting up mobile pay on your wife's phone with your card.
Question for you though, does being an AU get your wife her own Priority Pass?
David Sebby claims he makes money on each of his premium cards. Let's assume he does, then it makes great sense to have them all. Now I'm skeptical he does make money on each of them but I'll take his word for it.
@@stevenmiller7747 Yeah, it's all good. I'm a big fan of both Shifu and Sebby so I've followed both of their insights on managing premium credit cards with great interest.
It's definitely a juggling act to balance all those high annual fees with the understanding that once you've crossed that line (actually having multiple high-tier cards) you now have to ensure that you get a solid return - or as Sebby says - "positive expected value".
Fun fact: there are some rich people that actually do care about the points
The rich get richer.
Of course. Some rich people get that way from being frugal, cutting costs of items, etc, and that includes going after things like rewards. Because who doesn’t like free stuff?
Rich stay rich by acting broke. Poor stay poor by acting rich.
@@hothotheat3000 very accurate
Graham stephan! He's worth like 40 million and he uses walmart bags as trash bags
The Problem I have is the Supermarket points don’t include Walmart and Walmart has the best pricing by far
Yeah I run into that problem with my neighborhood Walmart cause it's a superstore. No 4x points and Sam's club etc I'm mad as hell
Fee buy a gift card from a grocery store to get the points
Walmart and Target: Always an exception!
Your child is so precious, I'm currently binge watching your videos doing research and every time there's a clip of your baby I die from cuteness.
I have 3 cashback cards and 2 travel cards. I feel like it makes sense to have a combination....also...with travel being terrible right now a lot of travel cards are adding everyday purchase rewards.
The Amex Platinum at the grocery store gets me. I work at Whole Foods, and I cry a little every time I see the Plat come out.🤣
Keith McNally Lmao. Those with real success/knowledge don’t care about flaunting it they are to busy winning to care what others think.
The card holder will be sipping his drink in the lounge, waiting for his flight covered by the $200 annual credit, while others wait on the crowded concourse. Life is full of tradeoffs.
Still better than using *EXPENSIVE CASH*
Maybe the platinum cardholder was spending their way to the sign up bonus.
It could be to meet the spending requirement OR they just want to keep it simple and track only ONE card’s spending.
Haha I felt so bad cus I used the CSR at Sams Club instead of the Freedom. So I literally went back returned everything and put it on my Freedom. The dude at the customer desk didn’t understand and I was too ashamed to tell him why I was buying all the things I just returned
Cyril Ogude 😂😂😂😂
That’s awesome
Couple bucks in points was worth all that time returning everything and then buying it again? Hope this story isn't true.
@@jgalt99 1. i hadn't left the Sam's club, I just went back and returned it at the desk.
2. It didn't take that much time lol I just rang up a refund and rescanned everything. i value those points a lot more than the 5 minutes it took on a Sunday
Haha! I did this at Costco. The customer service looked at me funny. Luckily I have not left the building. Oh well, I’m not about to lose 1000 points that day.
Cyril Ogude youre the worst customer ever
Great pointers man. I just had a new card and I wish I watched this video first before deciding to get my first card. 😂
You forgot to mention, when you get a top tier card to not associate with people that don’t have one... All they do is hate haha
Amin A yeah you’re right
When you get a top tier card you start to pay attention to what other people are using to pay for things. Then you barf a little in your mouth when you see people you know that are doing well pay for things with their debit card.
If that's the reason you got a top tier card, then they're right to hate. Talk about elitist.
Wow flat battery outside of house with a ford fusion. That exact scenario happened to me about a month ago but my father refused to let me call the roadside assistance on my American Express card because he wanted to fix it himself. He did fix it but I can see how roadside assistance is useful.
Hey Ben. We’re seeing more and more cards doing double spending requirements 40k for $3k then 20k for $10k for example. My theory is this is to discourage rapid churning. Would love to hear your thoughts in a video 👌🏻
Slick Reviews - you nailed it, that’s exactly their intent, to get rid of churners (like my neighbor) and incentivize you to keep using the card. Interesting observation/comparison, AmEx is using the carrot approach like targeting me to spend $2k on Ascend for 20k pts (up to 2x) and $1k on HHonors card to 10k pts (up to 2x), while Chase is using the stick approach lengthening the Sapphire rule up to 48 months now I think. Seems the cobranded cards are using the $15k, $20k, and higher targets for the next tier of bonus miles/points.
Great advice, especially on "joke's on you" at 12:22. The biggest perk for the AE Platinum is their airline transfer partners, at least for me. I have the Hyatt and IHG card for hotels.
Ocean Medical Clinic why no Hilton cards?
@@DavidMossMGS I can check it out, but I have been focusing on IHG and Hyatt.
Ocean Medical Clinic what do you like about them? I’ve never tried them
I’m diamond on Hilton and platinum on SPG Marriott
@@DavidMossMGS Depending on the hotel, some give 2 bottles of water every day. Some give you 2 bottles of water, 2 beers, and 2 sodas a day. Others have a fully loaded mini-refrigerator for you to use. Lounge has hot food buffet and you can order hot breakfast if you do not prefer the buffet. The down side is that they are kind of pricey.
Ocean Medical Clinic that sounds pretty nice
Hahahaha love the thumbnail lol 😂😂
Yeah I went through many versions in my mind. Another one was "Two priority pass cards, does that mean I get extra lounges?"
The Credit Shifu Hahahaha 😄😄
@@TheCreditShifu - You should have gone with a thumbnail with a guy waiting at the non-TSA precheck line taking off his shoes and taking out his stuff to put in a scanner bin as he's pulling out a wallet holding both a CSR and AMEX Platinum.
@@skylinec83 ha, yeah or thinking you can just show the Amex Platinum to go through the TSA pre line
The Credit Shifu Hey dude great video! I just had one question. If I have a lot of credit cards and I don't want to carry them all what should I do with the ones that I won't use? I don't want to cancel my lines of credit. Should I just hide them somewhere in my house?
Brilliant videos! Very informative, im from the uk and i still find them interesting, id love it if you could do some reaserch and do a UK specific video if you have time, im sure im not the only one... thanks
Never had a " flat battery " lol
I love your videos I gotta ask... do you film your videos first thing in the morning or is the bed-head look your normal style?
First thing in the morning
If only I could get my wife to understand when to use what card 🤦♂️
She uses the CSR almost exclusively. I guess if you’re going to pick just one that’s a decent choice but we miss out on points.
Michael F she’s never gonna get it
Michael F that’s not a bad everyday card though
Cause the 3x dining
And dining is probably a good % of her everyday spend
David haha... she probably won’t get it. And yes dining is a good amount of it. Dining, Gas, and Grocery are her top 3. She’s an AU on my Amex gold but no matter how many times I ask her to, she never uses it at the grocery store.
Michael F that’s just really frustrating I bet
But I wouldn’t get that mad
In the grand scheme of things
Life is short
And the difference in a lifetime difference of 4x and 1x
Isn’t worth fighting over
David oh yeah there’s no fighting over it. We get plenty of points to take amazing vacations for next to nothing each year so there’s nothing to get too mad about.
How about a video on, 5 $100 tier 3 cards that would be as good as, or close to, a $500 tier 4 card. 😁
The only one I can think of is the American Express gold card being that's a 250.00 it doesn't come with airport lounge accesses it does have the airline credit but it's 100.00 not 200.00 it might have hotel status.
The other card don't know if it's close to tier4 but does have higher annual fees than the other tier 3 cards and 2 I can think of are Chase there new south west card I believe the annual fee is 147 or 167 and the Delta platinum card 150.00 . good suggestion Scarface 79.
I forgot I have buyer protection when my TV fell and broke 2 weeks after purchase, it's too late know it's been 3 or more months
I live in Tennessee. I drive every where so I never used the Uber Credit.
Use it for a bar or somethin every month
0% foreign transaction fee
The concierge is underrated with the Amex platinum card
RNS TV with the platinum card
You get free 24/7 concierge service
RNS TV they will help you book things that are hard to get or are otherwise sold out .
RNS TV tickets
Dinners mainly
Idk I call them a lot
I drive a lot for my sales job 40,000 miles this year alone
And when I think of something I need done
I call them and they do it
And then email me the receipts
RNS TV I was able to get center box suite seats at a concert, last minute, for less than the shit seats in the back row. Love it
BrianYYH that’s awesome
Who was it for?
And I use it for the invitation only events
Going to Detroit for the auto show with press pass next month!
This was like Dave Ramsey style... I liked it
Alright, a few off-topic questions:
In the Uk, it states that if you buy an airline ticket through Amex, you get 3 points per £1 spent. I have a digital card with Emirates who also states that if I book with them, I get 2x points. So does that total to 5 points per £1 or separate? Does it earn points for with the airlines?
Would I also benefit from just sticking with 1 airline or multiple?
It then leads on to how I should purchase my tickets and the best value.
If I wanted business class would I benefit more from:
1) Cash + Miles
2) Upgrade from economy class
3) Buy business class straight from miles
Would really appreciate a response
Cheers
The Emirates card, do you mean a card from their frequent flyer program? If so, then yes you will earn the Amex points for every £ spent on plane tickets with your Amex and you will also get Emirates miles for the miles flown in the Emirates frequent flyer program. (If I am understanding correctly)
CSR for roadside assistance now require you be a certain mile away from your house
Zero2 Q50 - huh, I didn’t know that. I used it once 3 months ago, and was 20 miles from home, but didn’t recall that being relevant. Probably didn’t come up since I met the required distance.
My battery died and call for a jump and they told me the can send someone out and they charge the card but for it to be free i had to be further from my house.
Does the car have to be a rental to use the roadside assistance???
@@washingtonneves2933 was my personal car but they didn't ask that part
How can you forget to use the CSR travel credit. Come on! My challenge is the strict Amex travel credit in my gold card. Trying to justify possibly getting an Amex platinum card next year.
Hey Shifu you don't agree that it make sense to have both the Platinum and the CSR although they double up? You get a lot of bang for you buck with the Platinum credits and CSR over the CSP due to the travel credit. I look at $300 of the CSR fee as money in the bank savings. I wish the Platinum would have gotten the Amex Gold point redemption instead of separating the two to squeeze more out of you, but even with that $250 the fee ends up around $30 after the credits.
All hail Kind Shifu!!!
D Knight I agree with you
The thumbnail is fucking hilarious
Seriously annual fee based on a person salary is just insane lol. Imagine u r a surgeon earning $300k. 1% is like $3000. Goodbye
I think he was just using it as an example. The Amex plat is a flare rate
It's just best to have regular credit cards without any annual fee. Pay the whole bill each month & you'll never have to pay interest on that card, regardless of what the interest is on that card. Some of these regular credit cards do offer reward points just as well.👍
I don't like to travel but I want to start to travel one day. Let's get those cards
Tony Navas start with the chase sapphire preferred. Good card to earn points, travel partners etc., the chase system is solid too
I love to travel but hate to fly cards that give you lounge access and status make travel MUCH better. Amex plat would be that card and has a 100k bonus. That also might be a good option
@@derekjackson1039 I've been looking into those cards lately. I'll probably end up going with one of the Sapphire card
@@Dude42471 you have cheaper downgrade options with Chase too
Question regarding the "1 Sapphire rule"... Does downgrading to the OLD Sapphire card count?
Awesome video, can’t wait for part two!
The AMEX Uber credit doesn’t start on the 1st of the month! I learned that the hard way! Just got my Uber credit today, the 7th...
Is it related to your anniversary date? If not that's kinda annoying
Can you make a video on why you get more value from a travel card versus a cash back card?
I guess there's several metrics but a video doing a side by side of potential percentage return on expenditure would be nice.
You don't really in a monetary sense. you can either pay a $450 fee plus points or pay no annual fee and get a certain amount of your money back. if you the perks and travelling then rewards are better, but you're not making money
I actually forgot to use my $15 Uber credit in November....that got rolled over to this month. I thought that was cool because now I have $50 Uber credits to use in December.
How do you prove lower prices to premium hotel or travel cards before booking them?
Getting more *"REWARDS"* than cash paying fools
How much of a credit history should one have before getting one of these? I only graduated and started working a year ago so just have a year of credit history but no debt or bad credit history in that I've paid off everything on time. The Amex Gold looks pretty good, I just have the fee free BAs Amex card at the moment
2 questions did your friend from California have a Chase Freedom NOT Freedom unlimited Freedom? your correct you can redeem cash back from the Sapphires but your correct there travel cards
so which is better after year one down grading or product changing
let's look at some cards if somebody has the Savor Capitol1 4% cash back on entertainment and 4% on dining 2x on grocerys after the first year which is better down grading to the Savor1 product changing over to Venture1 or product changing over to the Quicksilver or canceling the Card?
these are for people who like to shop and go out to eat and go to a spa 6 times a year, travel on vacation 2 times a year
Citi Bank Thank you premiere same scenario for people who like go to Barnes and nobles, Models champs, Bed bath and beyond, Armani Exchange gap family ect, spa 6 times a year and on vacation
after year 1 which is better down grading from the Thank you premiere to the thank you prefeered or product changing from the Thank you premiere
to the double cash card or canceling the Thank you premiere?
Chase from the card I just picked up from sapphire preferred to the Freedom unlimited or to the Freedom as a product change or down grading to the basic sapphire or canceling the Sapphire preferred?
Capitol1 Venture after year 1 down grading to Venture 1 or product changing over to Savor1 or to the Quick silver or canceling the Venture card?
American express Green card after year one are there any downgrade able cards if so with this company is there a small fee? can you product change
if so would it be the blue cash card ( basic 1) or what cards can be product changed over from the Green card?
How much is a point worth though?
How does the auto insurance work for the chase sapphire reserve? Does it only wrk for car rentals or your car in general?
Great video thanks
I also forgot which one to charge to when buying certain items - Should I consider which one has the better warranty? Or has better price protection? Or return protection? Or lost/replacement protection? Or primary insurance vs secondary insurance? Or road-side service instead of home-side service? Fuck, I need a cheat sheet.
skylinec83 I can help u What’s up?
@@DavidMossMGS - Can you just make me smarter and less forgetful? That's what it boils down to at the end of the day.
skylinec83 naw not even Jesus can help you with that one man
Sorry
Good luck though
Lmao a dead battery is not a broken down car. Get some jumper cables 😂😂
Chris Ethans if you’re on the highway or just in complete solitude, it kind of is.
@@100Mmore I carry a jumpstarter in trunk for that reason.
I have the platinum business
Then the csr for my personal i need 1 more no fee card … what should I get
Why do you always puts so many ads
Because this is my full time job
For the Baggage Insurance Plan for the Amex Platinum card, would redeeming miles for the flight and pay partially with the card also give the baggage insurance?
What you mean by linking up
I just got the AMEX platinum thinking its going to be metal , but it's just plastic in the UK 😥
Sorry to hear that. Enjoy the other benefits though. Also I want to know when we are getting a Centurion lounge at Heathrow T5?
This is precisely why any video on youtube that tries to tell you what card is best for you is a joke. Because it's PERSONAL. I will never, ever be interested in the points story of Chase Sapphire Reserve because the centurion lounge and other amex plat benefits are much more important to me. Don't let a random person online convince you how you live.
I have Amex Platinum...should I just add a (free) Gold Amex free to use for grocery shopping, gas, etc?
The free gold card earns points in the same way as the platinum
No buddy you need to get the Gold Amex separate from the free one
Whats your opinion on citi thank you preferred?
Is there a high end card that isn't travel?
I think I've made half of these mistakes already, including the one at the gas station. After the 5% quarter ends for Freedom, I go back to thinking gas stations would be part of 3% travel for sapphire reserve. Then as I'm pulling away with a full tank, I slap myself when I remember gas isn't considered travel *AND* I use the Citi Costco for 4% back the other 9 months anyway. *DOH...YOU FORGOT AGAIN...IDIOT!*
skylinec83 I wished it did include gas!
skylinec83 - fully agree, but since gas isn’t considered as travel for CSR, gas should be on CFU for 1.5%, or another card that’s 2% on everything (Citi Thank You, AmEx something, or CO Spark Business & they have a personal one too that’s 2%), if you don’t mind leaving UR family.. Aside from CF quarterly bonus, I use AmEx Hilton Ascend for gas at 6x points. Don’t forget gas was for 3 quarters this year (twice it was gas straight up and first 3 quarters were all Chase Pay). I usually buy all the gas so use Chase Pay mobile app at Shell till I reach max max for quarter.
Is there a credit card that values loyalty very highly. Because I’m looking to get my first premium card and I plan on sticking with it for a while. Do any of these companies value customer loyalty?
Short answer: None! Amex values spenders. Chase values super high credit scores. In my experience, the only two banks that really “valued” me are BOA and Discover. Rest all are useless when it comes to loyalty. Yeah, you will get some consideration after you are 5+ years with most, but that’s as far as you are gonnna get!
Does it make sense to use a travel card to bank points for a big trip you want to take in the future?
@Keith McNally... Of course it does! I do the same exact thing...
What if I plan to start traveling a lot later on in life?
Would it be a bad idea to accumulate reward points via CSR over the years for free tickets later on in life?
I don't know if they expire over the lifetime of an account.
@@nejatia8745 THey don't expire
Wow that's really good information, what credit card I need to have for supermarkets and gas pls let me know and just now I have american Express platinum card but I travel every year only tnx.
Amex gold for supermarkets and probably the Blue cash everyday card for gas and stuff
Safeway
Target
Trader joes
Walgreens
Do any of these work with Amex blue cash every day?
The 3% (or 6% with Blue Cash Premium) reward for grocery stores applies to Trader Joes and Safeway as their CC category is listed as "Grocery Stores" in the CC merchant system.
Does the car have to be a rental to use the roadside assistance???
Washington Neves No
Does the gold Amex that is linked to the Platinum card qualify for the 4x points on every day spend?
No
The Credit Shifu that was quick and to the point. Lol
Thank you.
Yeah it’s a shame, it would be great if it did.
get an Amex Everyday or Blue Cash Everyday to go along for extra points/cashback on everyday spend.
I’ve accumulated over 1,000,000 miles with cards and been to 131 countries free
Can we down grade or cancel a card in year 1? Just to get sign up bonus wait 8 months or so and then cancel to avoid year 2 annual fee?
pezdacandyboi just cancel or downgrade 1 month before the annual premium is due.
If you do that, you may be banned from getting any other Welcome Bonuses in the future -Amex rep
buttheadrulesagain amex rep,
your statement doesnt make any sense to me. This was even suggested by the rep who signed me up for the platinum. People have different reasons for downgrading or canceling cards. It doesnt always means they are churning or gaming the system. For instance, the business plat premium fee will go up next year. This will become a deal breaker for some people.
@@asahai2 yes, but if somehow we detect you are doing it only for the welcome bonus, it can happen. How we notice? I don't know, I guess we can establish patterns. If I knew who suggested that to you, I'd report him for deceptive sales practice. It is even stated in some disclosures we say to customers. "we may also consider the number of cards opened and closed in consideration for your eligibility for the welcome bonus".
Now, it is very likely that for one time we won´t notice, though, just be aware there's always that danger. Look, right from the terms and conditions in our website: Welcome offer not available to applicants who have or have had this Card. We may also consider the number of American Express Cards you have opened and closed as well as other factors in making a decision on your welcome offer eligibility.
I have 4 priority passes and I eat like a king at the passes new restaurants 😂😂
David Whoa I didnt think about that... so you can stack the priority pass allowances?
Samuel Sze Yeah If you ask nice and tip well
I’ve read this is a very YMMV situation. All depends on the waiter.
question if you get chase saphire reserve and spend 2000 and take a 2000 cash advance would that be 4000 minimum spend for the bonus
That Dude No. cash advances don’t count.
@@therichsibling3714 ok thanks i was thinking about getting the reserve cuz they give a very high credit limit but i dont travel much
That Dude the CSR is pretty good even if you don’t travel a lot. I’d try to get during the holidays to buy gifts and maybe holiday travel. Other option Amex gold it’s great for collecting points only daily use. Also it’s only a $2000 minimum spend.
@@jonathanjones7681 ok cool i already have a relationship with chase plus i think the reserve gives you a very high credit limit i already have a chase freedom unlimited with 15k limit
@@thatdude1354 It does I have the CSR myself but if your not a big traveler be sure you can justify the AF.
Flat battery? Those four things on your car are called "tires". Those aren't batteries.
Batteries can go FLAT?
yes, particularly in the cold, if the battery isn't that new and I also often forget to un-plug my dashcam, which drains a little bit of power even when the car is off, if left plugged in
Dead, not flat...
@@buckyjr710 lol UK English.
Fuckin' Yanks.
Bucky Henrí actually it’s not incorrect to say flat as hooking a battery to any kind of voltage meter will register a flat response, so try to not be a smart a** 😉
Can you transfer points from a gold card to a platinum card or whatever?
Unlike Chase which requires you transfer points between accounts, AMEX is all one account by default. No need to transfer points as they all accrue to the same place. Just ensure they are all linked to the same online account.
Jack Hake great accurate comment
9:33 pumps gas with glove?
You’ll notice a lot of gas stations will have disposable gloves near the diesel pumps because diesel pump handles can get really greasy.
Best Channel on RUclips
Amex Platinum plat
Pay your wedding with a credit card when you can pay with checks and avoid credit card fee 4%
What 4% FEE???
Platty Amex
If you use the Amex Everyday Preferred to buy a 500$ gift card would i be getting 2250 points on that? 3 points plus the .5 bonus for 30 purchases. Cause I've just started buying gift cards for stores i plan on shopping at while at the grocery stores. Does anyone know if this is true i still have to wait for the next credit statement to come up to see the numbers.
Alex Pirate for your credit score increase and top up message Jeff on 2486338457
Gift cards purchase are not eligible purchases for points.
Ammar Haider it’s been working for me
Alex Pirate That's manufactured spending.
Victor Gil I don’t go and buy tons of gift cards while I’m at the store. I’ do my grocery shopping and see a gift card and buy one while I’m at it
flat battery lol
Excuse me Mr Shifu. I have a question for you.
whadayadoin - ..........?
whadayadoin why not just ask it
@@DavidMossMGS wanted to see if he'd see it or not.
whadayadoin what’s the Q
@@DavidMossMGS should I apply for the amex blue cash everyday card even though my income is below 20,000
That's how the man gets you!
Yooooo ....Mr... Shifu I'm starting to love your sweeter .....question I just go the chase freedom unlimited and the sapphire preferred wish I would of gotten the sapphire reserve is there a way to upgrade just got it two weeks ago thank you...
RECKLESS_ RICAN don’t think u could upgrade so quickly
But wouldn’t hurt to call
Same sign up bonus and chase would get more money
So idk why they would say no
- it’s takes a year to make any changes, up or down. You could always call and ask, it’s worth a try.
I find it interesting that Americans use so much credit cards when in the EU nobody uses it so much. why do Americans use it so much? Just for the perks? :) btw I don't spend a lot of money to so xD
So in EU it's mainly cash? or digital payments
@@MrFrozenDivine mainly cash,but digital payments are getting popular... I always try to use my AMEX firstly, if they don't accept it I'll just leave.😄
Virtual IT Boy, a lot of us use it because we need to build good credit for lower interest on homes and cars. Well at least that's my reason for it. In addition, some jobs even check your credit history for employment, so for some people it's a necessity that they're pretty much placed on us.
What others have said as well as for security reasons. If my card gets stolen, I can just suspend or cancel it. If there is fraud, the credit card company will take care of it. When it’s their money, they take quick action, if it’s mine they won’t give a shit. I rarely ever use my debit card. Plus, definitely the perks. I have two trips paid in full through the miles/points I built up by my everyday spending on my credit cards.
We use Debit cards a lot, where you get one from the bank. :) And then using wireless payments that way. Credit cards are often not even accepted. My sister just got a credit card as she is going to America for vacation but we had to search for a place that accepts it to activate it!
is the Statement credit of Sapphire Reserve can be rolled over the next year?
No
Flat battery? Freaking brits
Does anyone know if buying Grubhub/Seamless gift cards with the Amex Gold will trigger the dining credit? Thanks.
ezioaltairac Grubhub purchases do
Gift cards from Grubhub don’t work since they use a third party for their gift card services. It doesn’t bill as a Grubhub purchase so it doesn’t give you credit.
What’s a good credit limit someone should have ?
I have about 75,000 age 21
I don’t know if this is enough
that's good at 21. for example I am at about the same limit at 33 (although I haven't aggressively pursued limit increases)
What kind of question is that? At the age of 21 with a 75,000 credit limit is huge. Its so huge that I'm actually thinking you might be lying. How can you have 75,000 credit limit at the age of 21? Even with a huge income at the age of 21, you would need a good credit history as well.
The Credit Shifu thank you for the comment back
ビップレクサスレクサス I can prove it do you if you want lol
I make good money
Have a mortgage
Got a credit card day I turned 18 basically
And I’m almost 22
They rarely give 21 year olds that much... you parents must have added u as an Authorized user on the high limit accounts
I benefit from multiple
I have Amex Platinum
Amex Gold
Amex SPG Luxury
Amex Hilton Aspire
And
Chase Sapphire Reserve
It makes sense for me idk about you guys
About to apply for delta reserve too
Amex should just give me a centurion
It pisses me off
I meet the spending requirements
damn dude.....that's a lot of annual fees. Kudos to you if you can make all those pay off with minimal overlap.
skylinec83 I do sales and travel all the time
So it makes sense for me
skylinec83 and nice perk is at priority pass restaurants
I eat and drink hella 😂
First again 🙄
yeah sorry i had to pull the first one, there were some mistakes
First like
Yawn