The ONLY 5 Credit Cards You Need for Life
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- Опубликовано: 2 авг 2024
- The 5 Credit cards to "Buy and Hold" for life... To see my essential cards right now go 👉 rdguarantee.link/Best-Credit-... and Click "Show More" to see Ad Disclosure.
✅ Featured In this Video:
Chase Freedom Flex℠ - rdguarantee.link/Chase-Freedom
Chase Freedom Unlimited® - rdguarantee.link/Chase-Freedom
Chase Sapphire Reserve® - rdguarantee.link/Chase-Sapphire
American Express® Gold Card - rdguarantee.link/Gold-Card-Re...
💳 My Favorite Cards:
➔ Chase Sapphire Preferred® Card: rdguarantee.link/Chase-Sapphire
➔ Capital One Venture X Rewards Credit Card: rdguarantee.link/Capital-One-...
💬 Credit Card Consulting: rdguarantee.link/Consulting
💰 Best Financial Apps:
➔ Robinhood (Free Stock up to $200): rdguarantee.link/Robinhood
➔ CashApp (Free $5): rdguarantee.link/CashApp
➔ Venmo (Free $10): rdguarantee.link/Venmo
✏️ My Thoughts:
Welcome to the ultimate credit card setup video, where I break down the five 5 exact credit cards that I am shooting for to hold for the rest of my life. Each of these cards hold an important spot in optimizing credit card points to earn the most rewards possible through my regular (and predicted future) spending habits.
This system will allow me to earn a ton of rewards points using Chase's highest earning credit cards, while then taking those points and converting them to get elite travel benefits from the high end Chase Sapphire Reserve.
It's also important to have a dedicated food and dining card for family spending, which I choose the American Express Gold Card for.
Finally, this is often overlooked but getting a reliable hotel card that will provide free nights every single year, just for holding the card, is also going to make a big difference.
Watch through to see how much in annual fees that I am taking on in this setup and how despite that, it is easy to defend getting all 5 of these cards.
⏰Timestamps:
0:00 - Intro
0:43 - Goals
1:31 - 3 Rules and Questions
3:18 - Chase Trifecta
7:15 - AmEx Gold
9:35 - Bonvoy Boundless
🚩Advertiser Disclosure:
This video may contain links through which we are compensated when you click on or are approved for offers. The information in this video was not provided by any of the companies mentioned and has not been reviewed, approved, or otherwise endorsed by any of these entities. Offers are current only as the time of the video publishing date and may have changed by the time you watch it.
The RD Guarantee is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as Milevalue.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity.
American Express:
Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more." at the beginning of editorial articles that reference American Express products, services or offers.
I love it man, I thought about getting into chase but I am an Amex fanboy. My lifelong setup is the Capital One VX, Amex Gold, Amex Platinum, and Marriot Boundless. A lot of fees but these cards pay for themselves with credits (minus the Platinum but I love the lounges)
Hey, I got to respect it. AMEX has its merits for sure and it sounds like it’s gonna work for your situation a little better than mine 👍🏼
I have five cards already, but I’m missing the VX (hopefully I get approved) maybe one chase travel card and I want a navy credit so I can build a relationship and get a loan later in life.
@@drespinoza190 oh yeah I forgot about my navy fed card, it’s a great bank
Well organized video!
Thanks for watching!
Amex gold for dining & groceries $250 AF
Venture X for travel $350 AF
Citi Costco card for gas (4%) $0 AF
Looking to add chase/amazon CC for that 5% cashback since I shop a lot on Amazon.
Great video 🎉
Really solid lineup. I’m sure you’re more than making back your annual fees plus great benefits on the backend
Yep
I think the major flaw with your setup is the belief that the annual fees will stay the same for the long term, the Amex Platinum used to be $550, the CSR used to be $450, the Business gold used to be $295, the Amex Hilton cards increased their annual fees too, I think one should consider the really possibility of the Gold's annual fee increasing, heck it used to be $195,
I think this is a very clear sign that Amex and to a lesser extent Chase is recouping costs to operate these high value benefits programs on, ironically enough, the expensive cards, as time moves on, contracts will be negotiated and Amex will inevitably change the value proposition.
I don't know this for sure but I think it is more common for cards with AF's to increase their annual fee, rather than cards with no annual fee to suddenly gain an annual fee
I would agree that you're right with the annual fee cards.
I think the marketing proposition on these cards is that the companies know that if a person is willing to pay for an AF, they're less likely to cancel if it goes up than a person who sees a $0 AF card jump to an annual fee.
It seems that if they up the AF they often up the benefits in some way too. I'd think this would pay off if you're spending to support a family.
Forgot to factor in retention offers, ppl just don’t use em
My core setup is similar:
Ink Cash
Freedom Flex
Sapphire Preferred
AmEX Gold
AmEx Marriott business
Will probably add the Cap1 VX for my catch all card.
Really like this setup. Nice business card mix too
What about car rental benefits, what's the best card for that?
Venture X and Platinum card both have status upgrades.
I’d go with the Platinum long term. VX loses their Hertz partnership benefits at the end of 2024 and Amex gets you benefits with 2-3 different companies!
@@TheRDGuarantee does AMEX Gold then Platinum work... or go right to Platinum?
I just got Venture (upgrade without applying), not VX.
800 in annual fees for lifetime cards?
Kind of like spending money to make (more) money