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THE ONLY 5 CREDIT CARDS YOU WILL EVER NEED: MY RESPONSE | Graham Stephan
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- Опубликовано: 3 авг 2024
- My response to Graham Stephan's 5 Card Setup.
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@GrahamStephan 's video: • THE ONLY 5 CREDIT CARD...
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💳 Card Reviews:
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[ Chase Freedom Flex Review ] bit.ly/31KlWqb
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[ Citi Double Cash Review ] bit.ly/2GVMrAQ
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Timeline
0:00 Start Here + Graham's Picks
2:22 My Response
4:16 Sebby's Card Picks
4:59 Team Chase
7:34 Team Citi
9:37 Team Amex
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I am a numbers guy and I don't see anyone else doing the same level of numerical analysis as askSebby
Have you heard of the youtuber "Jake Broe" ? He really gets into the numbers on these cards.
He also uses assumptions and a model budget that make sense for a lot people. Many of the other people tend to assume you have a very high income and spend at a high level to benefit from high annual fee credit cards.
Waller's Wallet
Jake Broe
If it’s not askSebby Approved I am not getting it
I'd agree!
:)
Yeah Sebby is very informative. Thats why I like him. Other people could be telling you its a must have card only because they are paid to promote it or they get benefits for promoting it.
Same
100% agreed!
I stayed at Super 8 / Motel 6 too growing up, which was rare since we didn't travel. Love being able to work unconventionally, and use these points and miles to enhance even further opportunities.
Straight 🔥🔥🔥
You're next! 👀
OK Brian..u just got called out...your turn buddy! I know you'll knock it out of the park like Sebby.
Hi Sebby! I use more of a cash back set up now for an immediate reward since I can’t travel much due to COVID.
Navy Federal More Rewards AMEX for 3x/3% back on dining, transit, and gas
Chase Freedom for the 5% groceries (12 months) and revolving categories, then Navy Federal for 3% on groceries
AMEX Platinum 5x for travel, part cell phone/subscriptions (until Dec) and targeted offers (great credits)
Apple Card for T-mobile, Walgreens, and apple subscriptions
PenFed 2% for everything else
I stopped using my Chase Sapphire Preferred since it’s now useless.
Once again Sebby, your clear and easy to understand explanations make it easy for the layman. For me, Amex Plat and Green, Delta Skymiles Gold, along with Hilton basic, upgrading to Surpass, then upgrading to Aspire are my lineup for my kind of spend and travel. Thanks Sebby! U da man!
Your perspective of completing cards for a point system and downgrade paths is something everyone should take note.
It is hard to have a setup for everyone. It depends on how much they spend, but also the categories. But I agree with a catch all card is best for everyone like the Citi Double.
Hey Sebby do you still have blog posts for your videos? It is great to read over your video as you got so much content to digest.
Citi Double Cash might not make sense for people with the Chase Sapphire Reserve (with 1.5X portal boost) who also have the Chase Freedom Unlimited (1.5 points per dollar - 2.25% value if used on travel portal). Otherwise I agree that 2% cash back on Citi Double Cash is hard to beat.
I'm always looking forward to your videos!
My 5 cards:
1. US Bank Altitude Reserve (daily driver)
2. Amex Hilton Aspire
3. Chase Freedom Flex (for dining in US)
4. Chase World of Hyatt
5. Amex Blue Business Plus (for online shopping)
Plus Chase Sapphire (Preferred of Reserve) every four years for the sign up bonus and point transfer from Freedom Flex to Hyatt points.
I'll never fly United again. I've had way to many issues with them. One time they had me wait 14 hours at the airport only to be told that with connecting flights they usually just upgrade you to a one way. Well I told them when I got to the airport that I was going to miss my connecting flight and they didn't do anything. My family members have also had a lot of issues with them.
To be fair, all the airlines kind of suck...
Southwest is my favorite, but I've had bad flights with all the major US airlines
@@OneNewHope Yeah, but United is the only airline I know of that beats-up doctors within an inch of their life, and kills puppies. What kind of evil-does kills puppies?
At least they didn't drag you out of the plane.... yet
@@OneNewHope All I care about is if I can get from point a to b and if it's a long flight to be able to upgrade for more legroom. My bar is very low.
Yeah United sucks. I would only fly United if I absolutely have to in Emergency situations (which is basically never.)
Great information, thank you
You are a true credit card guru...amazing explanation and breakdown. I was thinking the same things when I watched Graham’s vid 🙃 great video 👍
Great response Seb! 🙌💳 Smart to stick with 1 card family + 2 extra cards (like Amazon card + 1 hotel or airline card) ✈️
Alimah B - You know it! 😁✌️
I grew up lower middle class in the bay area too. Man I felt so seen with the road trips
Great video. My setup is based on: frequent business travel, prefer to maximize hotels vs flights. Hence: Hyatt. If I were to start from scratch I'd go for Freedom Flex, Freedom Unlimited, World of Hyatt, CSR, AmEx Plat. I have four of these but was declined for WoH despite high FICO, but that's fine, probably pandemic related, will try again later. Going beyond 5, I will probably add a Delta card later, IHG for road trips or travel where Hyatt isn't available.
If you fly to the Caribbean or Latin America fairly often, or fly AA internationally, the Citi AA cards will probably end up being more useful even if you live in a United or Delta Hub. My family flies AA to the Caribbean a few times per year, but we live in a Delta hub just for example.
I should probably go ahead and get an AA cards. Citi has wood for we to get one.
I agree. Thats why I would say that it is a grey area when it comes to the best cards because its different for everyone.
Thank you for your analysis. I don't travel much. Two of my favorite cards are Discover and Sam's Plus Mastercard thru Synovus (5% gas stations, 3% dining, 5% Sam's purchases).
Great analysis as always! Card family > random non-synched cards.
I'm currently running the Amex set up(platinum, aspire, and green) but my airline card is actually the BofA Alaska card. I also have all the chase cards for categories not met by my Amex cards.
Having all the same points and diversified points both have value, with same points its just as seb said. But having different points gives you options for possibly better points redemptions depending on what you are redeeming them for.
Great video Sebby 👍🏻
Great content Sebby! Is it better to have 1% utilization or is 1% - 9% the same credit building benefit? Thanks
*_DEFINITELY MAKE SENSE A LOT OF SENSE ABOUT POINTS, THAT HAVING ~30,000 AMEX POINTS AND ~30,000 CHASE POINTS IT WON'T BE SO EASY TO USE AS HAVING ALL POINTS IN ONE CARD, VERY GOOD POINT REGARDING THAT!_*
Chase seem so simple but the Amex lounge access is soooooo nice
Thank you thank you thank you. This is my perspective, so thank you for doing my research for me. I'm a student, but I have an put of state internship, out of state college, out of state girlfriend... so I travel sorta often, but I dont have a spending habit to justify a lot of popular cards. Amex Gold doesn't make sense, because the $120 Uber Eats credit will go unused, it doesn't add value for me. Delta Gold with checked bags, delta plat with a free main cabin companion certificate and global entry, etc. There are a lot of cards where the benefits pay for the fee, and if you were going to spend money to get those benefits, you can get a lot of outsized value without needing to spend a large amount.
Enjoyed the video and while I have some of these already, it never occurred to me to use a system approach to optimize rewards. Very informative and thanks.
I know you mentioned the benefits of keeping to one family of cards, but are there any situations where it might be useful to use multiple families of cards, especially for people with some in each already? Keep up the good work!
Honorable mention is the us Bank cash plus after your chase setup is done. I'll get 120 dollars a year from just sock drawer the card with my 5% back on internet and streaming and utility bills. 200 back on 1k spend is basic but appreciated and you get 4 months to hit it. Cons low credit limit and utilities can be very restrictive most of my utilities can't be paid with credit card.
Sebby Knows Best!
My 5 would be chase trifecta (ability to accumulate many points and ease of use through portal. Also would rather stretch points further than with business class flights (for instance with Amex MR points). My next two would be hotel cards for long term use with no hassle anniversary nights (Amex Bonvoy (old SPG) and IHG). Could also argue Hyatt but prefer the larger footprint of the former two chains.
Great video. Much better than Graham's picks. You went by banks, I would organize it by airport. If you love chase, but live in Atlanta then I'd still want the Amex Delta Gold Card over MPE.
I fly out of FLL, so I'm going with CSP, Freedom (Flex now), SW Priority, SW Business Premier. Companion Pass is worth two card slots. Amazon isn't important to me, so I'd go with a hotel card. I've found most value with Hyatt or IHG over Bonvoy.
I think a low spend setup would be ideal. Amex Delta, Amex Hilton, Capital One Venture, Capital One Quicksilver, and Capital Savor all have NO annual fee and you cover hotels, travel, dining, and shopping with no annual fees.
However, if you are a high spender 🤑, I would add Amex Platinum. Those six cards should get it all done. You have three Amex cards to transfer points; and Capital One cards to cover travel and dining where Amex is not accepted.
Great video Sebby, great explanation! Was nice writing to you over email :-) - Maria
Thanks for looking out for us Seb!
Hey Sebby: So I just wanted to know, when you use a CC to fund a new checking acct, which card should I use? the one with the most limit (CSR) for max UR, cash back (1.5%), or AMEX reward points... i double checked with bank that it wont be cash advance but want the opp to leverage funding the acct with credit card. what is your rec
I would love to see a video that talks about the cards in your wallet, you're talking about all these great cards but I'm curious to know how you play it.
I used to do a monthly "what's in my wallet" series since the cards rotate based on the categories or if I just added a new card. Haven't done one in a while, might do it if there's enough interest.
@@AskSebby Interested!
Same here. Do it Seb!
Dew it!
@@AskSebby I think doing a quarterly series would be a nice compromise? Given credit card rotating categories are per quarter, and it's a good interval for seasonal life changes.
I look forward to your videos good sir.
My Lineup:
AmEx Platinum
AmEx Gold
AmEx Business Blue Plus
AmEx Business Amazon Prime
Apple Credit Card (For Apple Pay when AmEx isn't accepted)
Navy Federal 1.5% Cash Back (Visa, When No Apple Pay and no AmEx is accepted)
My ideal set up revolves around points and travel. I agree with Graham on the Sapphire Reserve, Gold, & Freedom Flex, but I also agree with you that his set up is too spread out. I tend to focus more on the 2 most valuable currencies (UR & MR). Therefore, I'd replace the Double Cash with the BBP (which I have). I feel the Amazon Prime cards are a waste of a Chase AND Amex slot. I would replace it with the Ink Cash (again, I have), where I use it to pay for my cable and phone bills as well as buying Amazon gift cards at Staples, which earns me 5x that way. I rather earn 5x UR points & 2x MR points than cash back. Especially since Amex now caps you at 4 credit cards and Chase tightening their approvals, I don't think the Amazon card from either issuer is worth it (my opinion). My ideal set up is:
1. Sapphire Reserve
2. Gold
3. Freedom / Freedom Flex
4. Ink Cash
5. Blue Business Plus
I'd add a 6th "wild" card: Freedom Unlimited / Ink Unlimited as a back up to the BBP for places that don't accept Amex.
This list is so much better.
Hi, can you do a review on the Hyatt card? Seems IHG and Marriott both increased their intro offer and Hyatt is another Chase co-branded hotel card, it's the time to get the Hyatt card right now.
Delta platinum is also a powerful card
"We'll have a few suggestions that I think make sense for a lot of normal people." Wait, you mean most normal people aren't able to become millionaires and technically make money off owning a Tesla?!
Juan Way Trips - exactly. Not sure if the casual cc user wants cards with $250 - $550 AFs!
@@docsays Indeed! While I do have a few cards like that, I have enough spend and travel to justify it (heck I have a spreadsheet to make sure I'm still getting value out of my Amex Platinum).
I think that's one think I like about Sebby, he always talks about making sure you get value out of the card after the sign-up bonus, and that everyone has different situations. Whereas Graham sometimes pushes too hard credit card churning, which isn't feasible for most people.
Go get him Seb!
1) Citi exec (share club access)
2) Citi miles up (2x miles groceries)
3) CSR ( dining & travel)
4) Chase Amazon
5) Hilton aspire or Marriott Brilliant or Hyatt
@Ask Sebby, would you recommend either Amex or Chase first credit card to be a hotel credit card? If so, what would be your recommendation for one? Am at 3/24 currently around 700 fico score. Would a hotel card be a good way to get in with them and have a high credit limit?
How come you choose the ihg and Marriot card over the Hyatt? I have all three and think hyatt gives the best roi especially with the discounts they are giving right now on hotel stays.
I am rebuilding my credit, with that said, I have Mission Lane , Fortiva, Discover it, Credit one visa, Credit one Master card, Quick Silver One, Quick Silver, Southwest Rapid Rewards and the Hilton Surpass card. I want to close one or two of the beginner cards, which one should I close? The longest cards are Credit One visa, Credit One MasterCard followed by Quicksilver one. I am definitely closing Fortiva because of maintenance fees after I call them to see if they can waive it.
I would like to let you know about one correction. The Delta Gold is for up to a family of 4, that means free first checked bag each way up to $240 round trip. I have the card and can send you a screenshot if you would like.
My ideal 5 is a primarily chase setup, but for a Delta customer who travels occasionally. I'd have the Freedom Flex, Freedom Unlimited and Sapphire Preferred for daily driving, the IHG premiere for my primary hotel card, and then a toss-up between the Delta Amex Platinum or another Hotel card. I'm points-focused, which is why I'd skip the Amazon Prime card. If I were cash back focused, I'd go with that one, no question.
The Amazon Prime card is a cash card. You can use the points as cash, and direct deposit to your bank account. Or, you can use it as Amazon credit. Your choice, it's 5x points back either way, and 1 cent per point. ... edit: just re-read and noticed you wrote you were points focused, Not cash back... my bad...
I say get the chase trifecta, Amazon prime card, the citi double cash, and if you’re open to more than five either the apple or x1 card
Woohoo! I'm on the Chase rocket ship 🚀
Another good video Sebby. If only 5 I think the Chase way works best because better transfer partners than Citi, and much less annual fees than Amex. If you didn't already have the Citi double Cash, I don't know why someone would get it over the CFU. The signup bonus alone gives it a head start that would require tens of thousands of spend for the DC to overcome. For normal spenders, the Amazon card would/should get a slot. The final spot for families should be a hotel card, again for Chase because of transfer ability. Which one would be personal preference. Singles/couples might get better use out of airline card, but again only if fly predominately a single airline.
Donald Robertson - good pt, if I didn’t already have the citi DC & the freedom Flex, I would definitely get the Freedom Unlimited. With the new earning categories & the bonuses its a real power house!
I have the discover it card. The revolving categories isnt for me. The Q4 5% back was nice for amazon purchases during the holidays, but the amazon chase card is a better option there anyway. And I dont know if other companies do this, but you have to remember to activate each category. I dont get that. Why isnt it automatically applied? Definitely worth it for the first year though with the cashback match bonus, if you can keep track of the categories and maximize that bonus.
🤔 5x rotating card, 1.5-2x everything else, maybe wells fargo propel, blue cash everyday& maybe another extra 5x rotating from a different issuer for different categories each quarter or the us bank cash plus to fill in the gaps.
Yeah I open the Propel card and I kept it with me.
@@chrisp7110 same it's a great card for no annual fee
My five cards would be 1) Freedom Flex, 2) Freedom, 3)Sapphire Reserve, 4) Ink Business Cash, 5) Hilton Aspire
Ya posted a comment on grahams vid when it came out. If i were to recommend a 5 card only set up, it would be:
1-Discover It
2-Freedom Flex
3-Citi DC or 1.5% card of choice
4-Amx Blue cash or BCP
5-Travel card of choice: CSP, Venture, BoA travel, Amx green, WF propel, etc
This way you have gas, groceries, drugstores & dinning at 3x, for No AF, and 2 rotating 5x cards, with MR or UR pts.
🤔
#3 should be 2% card of choice. #5 Venture card is a 2% card with an annual fee, I think it's terrible. Not so sure about CSP or AMEX Green.
@@athlon9394 i disagree 1.5x card normally has a SUB. A $150 SUB would need $30k spend for the 2% to break even. And if you have 4 other cards for the most common categories its going to take a while to hit 30k. And at that point you'd be better off churning 1.5% cards instead.
@@oshin9X - you are off to good start! you could still get the freedom unlimited, but since you have already have the flex, i would recomend the chase sapphire preferred instead, huge bonus & you can increase your pt values.
like a dummy i got a bunch of random store cards, just to get a discount on whatever i was buying. definitely not worth it. but didnt know any better back then.
@Athlon - yes 2% ideally, but 1.5% is close too. 0.5% is negligble, depending your card choice. and Venture is ok, mainly because it offers travel insurance, plus a very large bonus. It has the same AF as the chase sapphire preferred, and less than the Amx Green. But again, thats why i suggested "travel card of choice" for whatever folks prefer.
Zach Dowdell - yup, excellent point! A large SU bonus goes along way!
Surprised that Sebby recommended the IHG and Marriott cards over the Hyatt card.
@asksebby can you do a video on best credit cards for authorized users
What is better? The Citi Prestige or Premier? I think the Prestige is very competitive to the Chase Saphire Reserve and the Amex Platinum? What do you think?
is the navy fed bundle worth it aswell?
Real quick question: Can I use my balance transfer on my credit card to put money in my checking account? and can I do whatever I want with that money?? like if I wanted to invest it. I know the risks
What are your thoughts on the chase trifecta with a sapphire preferred instead of the reserve? The reserves annual fee is too steep for me lol
The current 80k CSP offer + reduced travel in 2020 makes it a no brainer for me. You can upgrade to the CSR after 12 months if you can use the travel benefits.
Mandy savage af on 5:11 lmao
If you are running the Citi set up, Rewards+ effectively adds 11% to the value of your Double Cash and Premier Thank You point transfers. Worth up to $170 per year. No brainer for $0 AF. Maybe not Top 5, but "must have."
Should I upgrade sapphire preferred to freedom flex?
My 5 cards
1. Chase Freedom Flex
2. Chase Sapphire Preferred
3. Chase Ink Cash
4. Fidelity Rewards
5. BoA Cash Rewards
I just do cash back atm
The credit card game is in motion all the time. This type of list can nevervbe set in stone.
Question- dont the Amazon card comes from Chase so you have to be under 5/24 ?
United Explorer card gets you two Club passes. I view the cost of the annual fee pays for the two club passes per year.
Global entry/TSA🥰🥰
Sebby - Any plans on creating a video for Hotel status matching? E.G. IHG Platinum -> Wyndham Diamond -> Caesars Diamond -> MGM M Life -> Hyatt -> Hard Rock etc.
Covered here: www.asksebby.com/blog/how-to-status-match-to-caesars-total-rewards-diamond-status
Not much has changed.
I just got my freedom flex in. I'd love to have the gold card but right now, over $6000 on groceries just ain't happening lol
Invest in a second fridge? 😅
yeah lol. 6000, you gotta have a big family. I shop for grocery all the time because I cook at home and 6000 is not going to happen unless I am cooking for a big family.
1. American Express Gold
2. American Express Platinum
3. Chase Freedom Unlimited
4. Chase Freedom Flex
5. Chase Sapphire Preferred
100% agreed. Everytime I see Graham tell normal people that the Amex Gold is a must I cringe a little. So many better options that his suggestions. Thank you for breaking this down!
Amazon prime: free shipping
ihg premier: low cost, quality and wide hotels network
united explorer: wide coverage and perks such as united club and free excursion stop
csr: wide travel coverage with useful rewards currency
freedom unlimited: 1.5x catch-all and can transfer points to csr for higher value
Can substitute with other airline or hotel cards based on preference and extravagance.
Problem with amex is it’s still not as widely accepted as visa and MasterCard, esp abroad. If getting amex, recommend getting ones that earn points from spend that takes amex easily, e.g., airfare rather than restaurants
I know Alaska Airlines doesn't have many hubs outside Seattle and is why most don't talk about it, but other than that, would you recommend it? It has a low annual fee and free checked bags as well as their yearly companion fare ($129 anywhere Alaska flies). I lean on yes but would rather hear you give your blessings 🙂
Their miles are great for aspirational travel on partners. The companion fare is good for Hawaii or coast to coast flights. The best card to earn Alaska miles is probably Marriott Biz in 60K to 25K transfer increments to Alaska miles. Other than that the card is okay for the companion pass.
Sebby makes good points for those on the points side, but for the people who think that point valuations for airlines are absolutely overvalued ( especially compared to just cash prices on discount carriers, ESPECIALLY domestic flights) and don't use hotels much...I think that's where Graham's side is coming from.
The other problem is that the citi premiere card is outclassed in every way by wells fargo propel. ( Same exact purchase multipliers as citi premiere + cell phone and purchase protection for no annual fee, which makes the citi premiere card a terrible card and not be able to reccomended to anyone, aside from the mastercard vs amex issue. )
The problem with replacing the Citi Doublecash with a freedom unlimited in sebby's setup is you're losing .5% on purchases that can't be "caught" by another card.
For someone who just can't math out the points on (personal opinion) way too high evaluations on luxury first-class airline partner point exporting.
Citi Doublecash( I actually prefer amex blue business cash for the added purchase protection and other amex benefits) - 2% back cash. Your catch all for stores that are local that don't accept american express.
Wells Propel - Citi Premiere equivalent with exact same benefits and no AF - wells points are valued fairly for cash redemption.
Freedom Flex - 5% categories are golden, plus the benefits on this are awesome
Chase Reserve / Preferred - useful only really for point multipliers. ( Personally feel reserve multiplier doesn't offset AF, but to each their own, but preferred most definitely)
your 5% store tactical card here ( amazon, best buy, etc)
When you do quarterly what in my wallet let teach us how you keep it all organized. Do you buy a pack of gum month;y on each card? Is it ok to not use cards monthly? I have has\d cards canceled from NO USE……. I don’t know the minimum use rule. ??????
Hello - I have both Chase Saphire and unlimited. However, both card points are not merged and the buying power of unlimited points are less than from Saphire (using them on Chase travel, points from Unlimited are worth 1 where points from Saphire are worth more like 1.5). Is there a trick to combine them and get maximum value?
I hate credit cards and have a secured CapitalOne MC with a 300 CAD line and 59 CAD annual fee. (Canadian.)
The idea of these are the 5 best credit cards that you will ever need is a huge grey area though. I don't think you will have a card that will ever be something you need, especially since they have the right to change the benefits at anytime now and with the travel ban, most travel cards are rendered useless. If a person uses Marriott alot, then Marriott cards would be perfect or if someone flys Alaska alot, then Alaska card would be the best. It is all based on the person.
Regardless which system you run, I honestly always recommend BCP card not only for the 6% on grocery stories and specialty markets, but also the return protection (Specifically considering Amex Axed that from most cards) and purchase protection makes this ideal every day card for me since I also cook a lot.
I get you technically can manage getting anyway from 4%-8% back on grocery from the Gold Card, but the average person, I think BCP make total sense to add to your wallet unless you shop at big box stores, then it doesn't make sense.
i dont think wyndham is doing status match anymore. =( any update on this?
Chase freedom unlimited for the cash, Chase Amazon card, ( Gasoline only 2% back) I will apply for the flex card Fro the cash,
I upgrade to will Amex Platinum when traveling is safer and the lounges start to reopen like you said jump through some hoop`s, and the card is only $50.00 yearly.
Instead of citi double cash card i think wells fargo active cash card is better
I would go Amex Plainum, Gold Card, Marriott Brillant, Hilton Aspire, Chase ashappore Reserve. But if we were being honest I’d rather have a 10-15 card set up. I’m at 6 now slowly getting there.
For Amex: Schwab Platinum, BBP, Amex Gold, Aspire and Amex Green.
For Chase: CIP, Freedom Flex, Ink Cash, Hyatt and CSR.
For Citi: nobody cares about Citi since they have no travel protections
Isn't the best card the one with the lowest interest rate and no annual fee?
"If you don't mind flying United" is the airline equivalent of "Is Pepsi ok?".
- LOL, good one!
haha
more like Sams club Cola
lol United are for Amateurs. Experienced Travelers knows better.
1. Amazon
2. Costco. Why no 4% gas ❤️?
Then I just run all the chase business cards plus a freedom flex.
Yeah especially the Costco card :) I use it for Gas specifically now. I used to use it for Costco purchases, but other cards fills in the gap for me.
Hey Sebby so I just watched your video on canceling cards and you recommended not to for the most part but my situation is that I have a JCPenny credit card that I don't need now and I have 5 credit cards already(unfortunately) but I want to make space for a chase card..how do I go about that?
If he doesn't answer. Email him directly.
@@chrisp7110 what's his email. And thanks for the reply
It sounds like you're referring to the 5/24 rule? If I'm not mistaken, it means you won't get approved for a Chase card if you've opened 5 cards in the last 24 months. That means if you opened any of the cards more than 2 yrs ago, this rule doesn't apply so you're good to go to try and apply for the Chase card. If they're all within 2 yrs though, even if you cancel the JCPenny card, you'll get denied when you apply for the Chase one because of the rule.
So either way, for better credit utilization and more diverse kinds of credit, I think it seems worth to hold onto the card (even if you don't want to use it much), and keep a small recurring purchase on it to keep it active, esp if it has no annual fee ^^
edit: applied -> opened in the 5/24 rule
Oh also just realized, it’s important to note that you’re not limited to 5 cards! I think this video and Graham’s describe 5-card setups as a way to talk about cards that will efficiently cover a lot of bases, work well together, and bring you value with reasonably low effort (maintaining 5 cards isn’t too bad). But you’re totally free to adapt this however you like and apply for as many as you like, as long as it fits your situation and goals! I feel like I remember watching a video where Graham said he has like 15+ hahaaa
Can you talk about Paypal Key?
I’m surprised you picked the IHG card over the Hyatt card, based on your previous videos, you said that was your favourite Chase hotel keeper card. What changed?
Ahhh ihg has a downgrade path. I get it
My complaints:
- Why did you highlight hotel cards? Yes, they're keeper cards but is this really an appropriate response to "cards you will EVER need"?
- Amex Delta: Who travels with 9 people per trip, everyone checks in together to pay with same card...?
- Amex Gold: Yes there's no downgrade path, but if the combination really is all you will EVER need, there's no need to downgrade.
- United Explorer: This one seems random to me. Unless you LOVE United, why get this card and pay $95 AF?
- Citi AAdvantage: Same thing. Unless you LOVE AA, why get this card?
- No new information
Overall, these really don't seem like general "5 cards you will EVER need" to me. Graham's vid is more of a catch-all 5 card combo. This response doesn't seem fair, or even address the same topic.
Love and watch all your vids, but this one just seems to have Graham Stephen slapped on the title as bait with no new insights.
Would have made more sense if you presented your own 5-card combination. Looking forward to the next one!
I think Sebby's point is that customizing the setup for your usage will get significantly more value than getting a generic hodge podge of cards.
Also, re: Amex Gold, I'd really encourage you to plug in the actual numbers of your spend from the last year compared to if you used Citi Double cash. The annual fee is pretty tough to offset, considering how hard it is to use a $100 travel **incidental** credit on **one airline only** during a pandemic.
@@GregCannon7 Definitely agree with you on Amex Gold. I'm team Chase and I'd be only using it on grocery/dining 4x spend, which is attractive, but seriously debating it right now (esp with the current welcome bonus). Incidental credit would be pretty hard to use, not necessarily because of pandemic (I doubt I won't make at least one flight in a year) but because it'll be additional spend I typically won't make.
Also very much agree with Sebby's point on diversified point types (UR vs MR). Right now I do groceries on Freedom even though my Citi Rewards+ gives me more, so I can pool it as UR. I've only recently learned about the value of airline partners and started to not see ThankYou points as trash, so something else for me to think about haha...
My main point was just that this video seems more customized than a general "5 cards you will ever need".
Wyndham still matching status?
I'm so confused I want to apply 4 the Amazon Credit Card, Synchony Bank I dnt like them @ all!!!!!!!!! I says in under Chase Bank!!!!!!??????
This is what works for me as I don't travel much.
Citibank Double: Default card 2%
Chase Prime: Amazon 5%
Discover It: Rolling 5% on groceries, wholesale club, dining, and gas.
Amex BCP: Groceries 6%, gas 3%
US Bank City+: 5% on utilities and cell phone bill.
BofA Setup might be worth considering long-term if you have investments with ML: www.asksebby.com/blog/bank-of-america-duo-credit-cards-for-high-net-worth-individuals
@@AskSebby you read my mind. That's exactly what's next on my list.
I love Discover######
Can u make a video/post on what Caesar’s Diamond is and how to get it with IHG card
Yes, this please! I was just gonna ask how one gets Caesar Diamond status through the IHG card
Covered here: www.asksebby.com/blog/how-to-status-match-to-caesars-total-rewards-diamond-status
@@AskSebby Thanks Sebby
@@AskSebby Oh no... According to www.wyndhamhotels.com/wyndham-rewards/status-match Wyndham currently no longer status matches other hotel statuses -_-
Nooo :(
I'm Team Mystic.
World of Hyatt or Hilton?
If I’m an authorized user on someone else’s Amex card, am I considered as having an Amex account? Because I want that 100k Amex plat offer 😬
You won't qualify unfortunately:/
@@MrAny9000 Aw shucks, guess I’ll have to close that authorized card