Man, at this point, with all the no fee cards with 3% and 5% categories, not many people will spend enough on balance. You’d need to spend $6k on non-category spend to break even versus a 2% card.
@@alexc2265 Yep, that's what I think too! Especially since there isnt a SUB either. The only way to justify it is if you wanted to buy an Apple Watch anyways, as a $429 (-$60 for fee) discount, then close it after a year, though maybe there is some fine print to prevent that. Also someone else mentioned in the comments that there are small gift card incentives for exercising, so maybe that would cover the annual fee
Your new style of filming content has been awesome in my opinion. Adding in the skits and vlog-esque moments makes the video super engaging and fun to watch. As for the credit cards themselves, these are all some really interesting options and could definitely be put to use by a specific target audience. Thanks for the video Ben and keep it up!
Another 3% on almost everything card is the Wells Fargo Autograph. 3x (3%) on restaurants, gas, travel, transit, streaming, and phone plans. This paired with the Amex BCE would cover just about everything. Great video!
All of those are in categories that can earn 5% cash back on other cards though. Purchasing things like orthodontics, car insurance, and contact lenses, are huge “non-category spends” and the whole reason for a final 3% bucket card.
@@DeborahE7 Sure, but this is a 3% on (almost) everything video. I agree that you can beat these categories. I actually have this card but never use it due to that.
There were a few 3% Cashback cards in the past: 1. JCB Marukai Premium. Discontinued. There was $15 AF, but they gave you a $50 bonus after spending $3k per year. It was not accepted everywhere, especially online, but mostly fine in a stores. I had this card. 2. Priceline Rewards Visa Signature earns 2x on every purchase, each point worth 1.67c if redeemed against travel or Priceline purchase. Relatively easy to cash out. No AF, no FTF. Discontinued for new applicants. I have this card for 10 years. The new version is only 1x on everything. 3. AOD FCU Visa signature card. 3% on everything. No AF, no FTF. Discontinued for new applicants.
The Venmo credit card isn't mentioned much but is an amazing card with no AF. Especially if you and your spouse each have one so you have 2 different sets of top spending categories.
Hi Ben, Ollo optimum card have 2.5% return but no other string attached. Good to see your English speaking channel, was a viewer of earlier mandarin speaking ones. Thx for what you did.
I got the Paceline card in sept. In addition to the Apple Watch reimbursement, I have gotten $14 back in amazon/Whole Foods gift card so far. There is a $60 annual fee but you will get $169 of gift cards back if you “exercise” enough every week: brisk walking my dog 2x daily is enough for the 150 min requirement btw. It’s my dedicated Costco card now, until I decide to buy any electronics there, then I will get the Costco card for the extended warranty
@@ahmxddd they reimburse you through statement credit monthly (not weekly as Ben stated in this video) in the first year if you hit the 150 min/week every week
I have the Blue Cash Everyday and I didn't even realize the categories changed! I was still under the impression that it was a 3% on groceries, 2% on gas, and 1% on everything else! I'll have to keep those rewards in mind now, because that's quite helpful! The paceline card could be worthwhile because of the health incentive! I already have an Apple Watch
I think category do matter a lot. For me a big one is utilities. >$600/mo water-garbage-electric-internet-cellphone. a couple thousand each year on various insurance. Not to mention kid's gym classes, charity donations all noncategory spending. For me dining/groceries/gas are pretty well covered. So a good 3% card is great for catch all. 3% back even makes paying income, property tax, and even tuitions with credit card worthwhile. These usually carries ~2% fee.
USAlliance Financial Visa Signature Card pays 3% back on everything. Their fine print says it's a promo rate that expires 12/31/22, but they've been saying that for a while now, and every year they extend it for another year. This could be the year it actually ends, or it might not be. Who knows?
I'm going to keep my life simple, 2% card with no fees and no requirements suits me fine. I'd do the Paceline card if I had an apple phone, a free watch and 3%/5% is pretty nice
Great round up, and I really want some of these cards when I am finally out of Chase jail. I like the American Express blue business plus as a catchall. It’s 2 MRs rather than 3% on everything, but those MR points can be reliably converted into 3 to 4% for flights or more, or 2.2 cents with a Schwab platinum. Or two cents with an American Express business account and a business platinum. still not a 3% on everything card, but if you fly regularly, it is a 3-4%+ card.
There is also the Curve credit card. It earns 1% cash back, but you can use it in combination with a credit card that earns 2% cash back for a total of 3% cash back, as long as that card is on the Mastercard or Discover payment networks.
Ben I got my AODFCU signature Visa card. New members cannot get it anymore. For us who have it, we still have the 3% back on everything with no catches.
The Sofi credit card has 3% cash back for the first year if you have a bank account and direct deposit with them. unfortunately it goes down to 2% after the 1 year period.
Thanks for leaving out the Logix Platinum Rewards Mastercard, which provides 3% cash back on all purchases. It's such a great sleeper catch-all card that I'm worried they'll discontinue it if too many people sign up for it.
Does anybody like/use credit cards that require a minimum investment balance? I’m curious/concerned about the management fees and if increased management fees drastically outweigh any cash back on a credit card.
Another card you can add to the list is the US Bank Altitude Reserve, you get 3% back on everything with mobile wallet spending like Apple Pay. The annual fee is 400 dollars tho but it also comes with other benefits
It's actually 4.5% on everything, and better used with Samsung Pay, which works everywhere with MST. You need to have Samsung S20 or older or Gear S3 watch. There is $75 effective AF, however they always giving some kind of retention bonus which can cover AF.
I like the US altitude reserve, 3% cash back on mobile payment, that 3% can turned into 4.5% if you redeem point thru its travel portal. $75 effective annual fee
I appreciate my grandfathered (for now) 3% everything AOD Visa more and more all the time. There is a Greenlight Family Cash Card MasterCard that will reach 3% CB but you need to spend over $4k per month. And I think you have to have one of Greenlight's financial plans. Maybe worth a review though?
Is it possible to use any other activity tracker with Paceline card, since I don't have an iPhone, and I'm not planning to get one, and AFAIK Apple watch will not work with Android. So is this card only good for Apple users?
Surprised you did not include the Discover It Miles card which starts at 1.5% but is doubled to 3% at the end of the year. No caps on any timeframe and applies to all categories.
I was actually watching a credit card documentary and apparently they call people who use the system by paying their balance in full every month “deadbeats” 😂😂
The X1 card is similar to many of these options with the fact that they offer 3x back on everything if you meet a requirement. For them it’s spend more than $15k a year but once you do it is a 3x back on everything card.
Not a fan. The retailer I use most like Costco, Amazon, and Home Depot earns only .71 cents for the point. False advertisement going on there. If I fly southwest more the. It would be worthwhile it I don’t. I still use it because 2.17 cents for an earn for those store is slightly better than my costco card. Not brought for me to continue a second year. It used to be they retroactively give you an extra point for the 15K first spent, but they took that away right when I was about to hit 15K. 😡
You’ve got to cover the X1 card. 3x back as long as spend exceeds $15,000 per year. Just a wild guess, but I imagine most of your audience could meet this spend per year. There are a few caveats though - if its not your only card, it can be hard to eat minimum spend for other sign up bonuses. Also, cash back is actually to pay off expenses of 50 or so merchants. The great part though - all the major US Carriers are listed merchants. Arguably the best and easiest travel cc that nobody is talking about.
No new applications within 6 months of your estimated closing date, keep utilization % low, other than that having more cards will help you get a high credit score for your motgage
BofA unlimited cash rewards is definitely underrated. You could potentially be getting 2.62% cash back. And that could include rent. Are there any other catch all cards with 0 annual fees that provide that ROI?
I heard that SantanderBank has a credit card that is 3% back on everything for 1year & then it goes to 1%,,, I use the BOAcash rewards for 3% on traveI, I also have the TD bank cash rewards credit card, it gives u 3% back on restaurants,,,,
The paceline card also charges a $60 annual membership fee (in the fine print), so that is another caveat to take into consideration
Man, at this point, with all the no fee cards with 3% and 5% categories, not many people will spend enough on balance. You’d need to spend $6k on non-category spend to break even versus a 2% card.
@@alexc2265 Yep, that's what I think too! Especially since there isnt a SUB either. The only way to justify it is if you wanted to buy an Apple Watch anyways, as a $429 (-$60 for fee) discount, then close it after a year, though maybe there is some fine print to prevent that. Also someone else mentioned in the comments that there are small gift card incentives for exercising, so maybe that would cover the annual fee
US Alliance credit union 3% cash back no limit Everything!
No annual fee
Your new style of filming content has been awesome in my opinion. Adding in the skits and vlog-esque moments makes the video super engaging and fun to watch. As for the credit cards themselves, these are all some really interesting options and could definitely be put to use by a specific target audience. Thanks for the video Ben and keep it up!
How about the Amex Blue Business Plus? Since its 2X MR points, it could be > 3% for many folks
Another 3% on almost everything card is the Wells Fargo Autograph. 3x (3%) on restaurants, gas, travel, transit, streaming, and phone plans.
This paired with the Amex BCE would cover just about everything.
Great video!
All of those are in categories that can earn 5% cash back on other cards though. Purchasing things like orthodontics, car insurance, and contact lenses, are huge “non-category spends” and the whole reason for a final 3% bucket card.
@@DeborahE7 Sure, but this is a 3% on (almost) everything video. I agree that you can beat these categories. I actually have this card but never use it due to that.
I got an ollo optimum for unlimited 2.5%. Aside from paypal most of these seem like too much work. I wish I could have gotten the AOD card though.
There were a few 3% Cashback cards in the past:
1. JCB Marukai Premium. Discontinued. There was $15 AF, but they gave you a $50 bonus after spending $3k per year. It was not accepted everywhere, especially online, but mostly fine in a stores. I had this card.
2. Priceline Rewards Visa Signature earns 2x on every purchase, each point worth 1.67c if redeemed against travel or Priceline purchase. Relatively easy to cash out. No AF, no FTF. Discontinued for new applicants. I have this card for 10 years. The new version is only 1x on everything.
3. AOD FCU Visa signature card. 3% on everything. No AF, no FTF. Discontinued for new applicants.
I'm a simple guy. When I see a new Ben Hedges/Credit Shifu video, I click.
I'll do you one better. I click the like button within the first 2 seconds of the video......
Without question.
@@SeeSaw99 I click the like button before the video even begins (during the ad)
The Venmo credit card isn't mentioned much but is an amazing card with no AF. Especially if you and your spouse each have one so you have 2 different sets of top spending categories.
keep it secret. 3% cash back in grocery stores is so good if they include costco, target, and walmart.
Hi Ben, Ollo optimum card have 2.5% return but no other string attached. Good to see your English speaking channel, was a viewer of earlier mandarin speaking ones. Thx for what you did.
I got the Paceline card in sept. In addition to the Apple Watch reimbursement, I have gotten $14 back in amazon/Whole Foods gift card so far. There is a $60 annual fee but you will get $169 of gift cards back if you “exercise” enough every week: brisk walking my dog 2x daily is enough for the 150 min requirement btw. It’s my dedicated Costco card now, until I decide to buy any electronics there, then I will get the Costco card for the extended warranty
I was just wondering, how do you get the cash back out? can you just deposit it into your bank account or is it a statement credit?
@@ahmxddd the base cash back posts daily as statement credit directly to the balance. You get the “bonus” at the second you hit 150 min for the week
@@YanLuo oh cool thanks for letting me know. do you get the Apple Watch for free tho?
@@ahmxddd they reimburse you through statement credit monthly (not weekly as Ben stated in this video) in the first year if you hit the 150 min/week every week
@@YanLuo oh thats kinda cool, pay $60 for an Apple Watch if I work out enough. I might get it low-key.
I have the Blue Cash Everyday and I didn't even realize the categories changed! I was still under the impression that it was a 3% on groceries, 2% on gas, and 1% on everything else! I'll have to keep those rewards in mind now, because that's quite helpful!
The paceline card could be worthwhile because of the health incentive! I already have an Apple Watch
The SOFI card gives you 3% cash back for the first year if you set up DD
I think category do matter a lot. For me a big one is utilities. >$600/mo water-garbage-electric-internet-cellphone. a couple thousand each year on various insurance. Not to mention kid's gym classes, charity donations all noncategory spending. For me dining/groceries/gas are pretty well covered. So a good 3% card is great for catch all.
3% back even makes paying income, property tax, and even tuitions with credit card worthwhile. These usually carries ~2% fee.
US Bank Cash Plus card gives 5% on utilities and has no annual fee.
USAlliance Financial Visa Signature Card pays 3% back on everything. Their fine print says it's a promo rate that expires 12/31/22, but they've been saying that for a while now, and every year they extend it for another year. This could be the year it actually ends, or it might not be. Who knows?
Hey Ralph. That 6% back on groceries look pretty sweet too. Does that update every year as well?
@@sondoan2667 I THINK the 6% on groceries is new, so I don't know. I hadn't seen it before today.
I'm going to keep my life simple, 2% card with no fees and no requirements suits me fine. I'd do the Paceline card if I had an apple phone, a free watch and 3%/5% is pretty nice
US Alliance credit union . 6% Groceries and 3% everything else starting April 2023.
Great round up, and I really want some of these cards when I am finally out of Chase jail.
I like the American Express blue business plus as a catchall. It’s 2 MRs rather than 3% on everything, but those MR points can be reliably converted into 3 to 4% for flights or more, or 2.2 cents with a Schwab platinum. Or two cents with an American Express business account and a business platinum. still not a 3% on everything card, but if you fly regularly, it is a 3-4%+ card.
There is also the Curve credit card. It earns 1% cash back, but you can use it in combination with a credit card that earns 2% cash back for a total of 3% cash back, as long as that card is on the Mastercard or Discover payment networks.
Do you know of any other cards that "stack" like this? The best I have found is being able to pay Citi double cash with a debit card.
No, I think Curve is the only card that does this, but maybe some competitors could pop up in the future.
@@RonnieM90Darn
loving this new format ben! I love the humor too
Ok can't believe you left out the Wells Fargo Autograph card wow!
That’s 2% cash back
@@WhatPullRate no 3% on all categories
@@ow5966 it’s 3x reward on only dining, travel,
gas stations,
transit, popular
streaming services, and phone plan
Shit all it needs is groceries right lol
Ben I got my AODFCU signature Visa card. New members cannot get it anymore. For us who have it, we still have the 3% back on everything with no catches.
UsBank altitude reserve 3% on everything digital wallet..
I’ve lost over 100 lbs since opening the pace line card. It’s completely changed my life
The Sofi credit card has 3% cash back for the first year if you have a bank account and direct deposit with them. unfortunately it goes down to 2% after the 1 year period.
The title was misleading relative to the content.
Great video as always any chance we'll see a 4%or 5% version?
Thanks for leaving out the Logix Platinum Rewards Mastercard, which provides 3% cash back on all purchases. It's such a great sleeper catch-all card that I'm worried they'll discontinue it if too many people sign up for it.
That’s a 1.5% card 🤣
@@drewd8874 Sorry you can't qualify for the 3 points per dollar relationship rewards level. Maybe earn more. 🤷♂️
What do you think about the USAlliance credit card? It has unlimited 3% cash back
What about the Aeroplan? 3% on groceries?
Does anybody like/use credit cards that require a minimum investment balance? I’m curious/concerned about the management fees and if increased management fees drastically outweigh any cash back on a credit card.
Another card you can add to the list is the US Bank Altitude Reserve, you get 3% back on everything with mobile wallet spending like Apple Pay. The annual fee is 400 dollars tho but it also comes with other benefits
It's actually 4.5% on everything, and better used with Samsung Pay, which works everywhere with MST. You need to have Samsung S20 or older or Gear S3 watch.
There is $75 effective AF, however they always giving some kind of retention bonus which can cover AF.
@@yurig2530 No it's not 4.5%. It's clearly stated on US Banks website 3x points on mobile wallet.
@@eric6517 Each point can be redeemed for 1.5 cents
@@yurig2530 We are not talking about redeeming. We are talking about earning.
@@eric6517 as far as I know earning is also 4.5%, since 3*1.5=4.5
I like the US altitude reserve, 3% cash back on mobile payment, that 3% can turned into 4.5% if you redeem point thru its travel portal. $75 effective annual fee
Fake account
I mean CSP? Transfer to Hyatt for 2-8cpp?
I appreciate my grandfathered (for now) 3% everything AOD Visa more and more all the time. There is a Greenlight Family Cash Card MasterCard that will reach 3% CB but you need to spend over $4k per month. And I think you have to have one of Greenlight's financial plans. Maybe worth a review though?
I’ve had the PayPal Cashback Mastercard since October 2020, but the 3% on PayPal thing is from past year.
Is it possible to use any other activity tracker with Paceline card, since I don't have an iPhone, and I'm not planning to get one, and AFAIK Apple watch will not work with Android. So is this card only good for Apple users?
You forgot the Wells Fargo Autograph although it earns points
There is a Santander card that will give 3 for the 1st year 1.5 after that
US Alliance Credit Union
Opinion on the Navy Fed More Rewards card by Amex. Seems like a good one
Strap the Apple Watch to your dog that have 120 heart rates. Can’t buy ammo or firearms with PayPal along with the $2500 fine is a deal breaker.
Surprised you did not include the Discover It Miles card which starts at 1.5% but is doubled to 3% at the end of the year. No caps on any timeframe and applies to all categories.
What about 3% venmo card?
As long as your spending three percent on travel, gas, and or restaurants after year one for the first year Discover Miles is okay.
Yeah looking to get that one for my groceries too as my local budget grocery store only accepts discover
Fidelity requires you to put it into investments to earn the 2+%
Yea it has to be under management
The venmo credit card is also a good 3% card.
I was actually watching a credit card documentary and apparently they call people who use the system by paying their balance in full every month “deadbeats” 😂😂
Thanks again as always.
Should’ve mentioned the US Bank Altitude Reserve getting 3X for all mobile wallet purchases
really interested in the PayPal one
Santander ultimate cash back 3%
So....... paceline is only for iPhone users??
Its apple only and requires the app
Exercising 30 minutes per day is one thing but my outdoor walks might not get to an elevated heart rate
The X1 card is similar to many of these options with the fact that they offer 3x back on everything if you meet a requirement. For them it’s spend more than $15k a year but once you do it is a 3x back on everything card.
That card is not really cashback in the sense that you can only redeem it to certain merchants.
Not a fan. The retailer I use most like Costco, Amazon, and Home Depot earns only .71 cents for the point. False advertisement going on there. If I fly southwest more the. It would be worthwhile it I don’t. I still use it because 2.17 cents for an earn for those store is slightly better than my costco card. Not brought for me to continue a second year. It used to be they retroactively give you an extra point for the 15K first spent, but they took that away right when I was about to hit 15K. 😡
Oy! I'm not strapping on an Apple watch to measure my movements.
Coinbase card has 4% back on everything, though you have to sell the crypto earned to lock it in. You mentioned it before
Yep, and its a debit card, jut focusing on credit cards, and ones that pay exactly 3%
Amex gives 6 cents per point... so it's not really 3% cash back
It's blue cash everyday, a Cashback card, doesn't give points.
@@luckism ooo
X1 card?
You’ve got to cover the X1 card. 3x back as long as spend exceeds $15,000 per year. Just a wild guess, but I imagine most of your audience could meet this spend per year. There are a few caveats though - if its not your only card, it can be hard to eat minimum spend for other sign up bonuses. Also, cash back is actually to pay off expenses of 50 or so merchants. The great part though - all the major US Carriers are listed merchants. Arguably the best and easiest travel cc that nobody is talking about.
Horrible card, you can only redeem the cashback at certain merchants.
@@phototristan You never fly? Spend any amount of money on a major domestic carrier and it's very easy to get "cash back".
@@ghgilland I do but I already get more cashback on travel with another card.
Ben, are you a traveling man?
Sick raps. Santa Claus in your area causing mass hysteria
I listened to a lot of NWA as a kid
X1?
Also the Capital One Savor One card
Know you have a lot of channels though Out of the loop on knowing you had a snow channel.
Guess I'll be poor for ever with my Chase Freedom Unlimited then..lmmfao
While other people go to work I get to do this 🤣🤣🤣🤣 I love the flex lol
Hey Ben, do you know that there is a fake profile with your name and picture replying to your comments on your youtube channel.
Yes. This is a problem youtube has on a large scale, i delete them when i see them, but if you see it, please report it. Thanks
Go go Santa rap!! 😂😂😂
Your Christmas rap had me dying bro 😭 how does getting credit cards affect chances of getting a mortgage
No new applications within 6 months of your estimated closing date, keep utilization % low, other than that having more cards will help you get a high credit score for your motgage
@@TheCreditShifu thanks so if I open a freedom flex this week I need to wait 6 months to try and get a mortgage
@@DetBull well it depends ok how high your credit score is, how many hard pulls you have etc… no hard rule
@@TheCreditShifu so would 2 hard inquires hurt me if I'm at 760
I recently got a mailer for the bank of the west 3% cashback card, that should be included on this list too I think.
First! Will my credit score go up now?
4% everything, coinbase debit card
except that there is a 2.7% fee for selling the crypto so unless you transfer somewhere else you are under 2%.
Paypal. $2500 annual fee?
Good video. Laughed harder than some comedy vids
X1
Wellsfargo autograph
BofA unlimited cash rewards is definitely underrated. You could potentially be getting 2.62% cash back. And that could include rent.
Are there any other catch all cards with 0 annual fees that provide that ROI?
I was going to mention that, but then i decided to stick strictly to 3%
British rap!
Hello. Got here early (minute to win it; oh wait that was something else on television).
I want the Lord Of The Rings card now ))
That would be the circle card.
(Almost)😂
🤣👍👍
I heard that SantanderBank has a credit card that is 3% back on everything for 1year & then it goes to 1%,,, I use the BOAcash rewards for 3% on traveI, I also have the TD bank cash rewards credit card, it gives u 3% back on restaurants,,,,
What about the Aeroplan? 3% on groceries?