He's not kidding - it actually is doable. I mean, if I'm being realistic I can't keep up with his spending, but I got close to 450 back this year, after one annual fee. Need to refine my technique a little, but all in all, I'm fairly pleased.
I can only imagine all the calculations Dave have to do before every purchase. I only got two rewards cards, but already feel the pain when I use the wrong card for the wrong category
I think my system is pretty simple. At least it was: Amazon and Apple Card’s saved in their respective accounts, 2 cards in my wallet are red card for dining, and black card for everything else! Then when booking a trip, platinum for airfare and compare hotels on Amex site and if they’re higher priced, use the BofA card. Simple enough! Was almost too easy… The X1 and Cryptodotcom cards are about to make it interesting again!
Thank you Mark! I’m actually considering dropping the red BofA card because I blow past the $2500 cap every time and would need 4-5 of them to maximize the 5.25%. I’m actually considering using the 5% Cryptodotcom card more - but I just can’t seem to get my head around the idea of using a prepaid debit card instead of a "real bank" credit card.
@@HeythereDavehere - Gotcha 👊 I also tried the "prepaid debit lifestyle" for a bit. Wasn't for me as I found it a hassle to keep reloading, but I do understand why some prefer it.
Nice content! The best way to find that balance between saving and living is by investing, this way you get to have your savings intact and then live comfortably of the revenue coming in from your investments.
Working with Romero pieto is the best thing that can happen to a beginner trader who is aspiring to be fruitful out of the market he is trustworthy and straightforward we surely need more men like him in trading world.
Startled to see Romero name mentioned here I am among his students and it have been the best decision I have made he carries every one working with him along and make sure they all make returns.
Dave, why not get another BofA Cash Rewards card and set the category to Online Shopping?...this would cover buying new Apple gear at 5.25% which beats the X1 card. It may be different for Apple subscription services though, depends on what merchant code they are using...so perhaps the X1 card still applies there. Same applies to the Amazon Prime card, I only use it for Whole Foods now, because BofA Cash Rewards beats it (and I'm not running into the $2.5K/qtr limit)
If you haven't done so already and I'll try to search your videos, can you do more videos on your studio setup and how you do a lot of the editing things like @09:50 you take the image and highlight/dehighlight some of the logos. Are you using apple's final cut pro?
Dave why don’t you get a second BoFA custom cash back card and leave the 3% category on online-purchases. That way you get 5.25% cash back on online purchases. That would replace the Apple Credit card’s “3%” for the typical iPhone upgrade and whatnot
With BofA Cash rewards, there is a $2500/quarter limit on category eligibility. This means a $525 maximum bonus per year, so how did you get $900+ from it?
I blew past the $2500/qtr limit and earned the rest at 1.75% - not the most effective, I know! Should have been using the premium card for 3.5% when I went over or gotten additional red cash rewards cards… I checked my annual summary and I’d need to manage 5 red cards to fully capture the full 5.25% - too much hassle, but considering moving dining spend to X1 for 4% or cryptodotcom for 5%
Dave, do you take advantage of some cards sign up bonuses and then eventually keep them as “keeper” cards? Nice work on the bulk of your collection. Majority of these I don’t have or have no use for but it’s interesting to display what you’ve earned on various categories across various cards
I got sign up bonuses on most of the cards, but I don’t churn for bonuses and haven’t bothered with retention offers. I might try with Amex Platinum but if they see this video they know I got my money’s worth!
I have both the blockfi and cro card, I dont like that the CRO card is debit but I need to use it more! Also really want the Gemini Credit Card (I think its better then the blockfi one). Dave maybe you can get me off the waitlist with one of your promo codes😁
I’ve given out all the waitlist skipping codes they allocated to me! They say they’re working their way through the waitlist… you might try my code (link in description) because they add additional uses to my code from time to time. CurIous what specific concerns you have about CRO card being Debit vs credit?
@@HeythereDavehere Dont see the code for the Gemini Credit Card? With the CRO card being debit it just the hassle of constantly topping of the card to use, I don't like to have money that just sits there. This is probably more of a issue based on my personal preference.
Excellent! Though comparing years isn't fair unless you disclose HOW MUCH you spent in order to get those rewards. I'm sure if you spent 2x as much the first year, you'd beat your first year rewards. It's not really that exciting if you just spent a lot more money...
Hey Dave! Big fan of the channel, you got me into credit cards. A crypto com card review would be great! I also use the BofA program and have 2 red cash back cards (dining/online) and 1 black/grey premium rewards card. Congrats on the new diamond status! Couple comments on your cashback. At time 713 the multiplier is 2.625% for everything, not 3.625%. The travel/dining is at 3.5%. Not sure if you were just trying to be concise? haha. The red card maxes out on 5.25% at $2500 per quarter (at least for me) and then drops to 1.75% so $10,000 per year would be max $525 a year. If you racked up $901 then you probably had to spend around $30k and your average cashback would have been ~2.9%. It might make sense to use your black/grey premium rewards card for high value dining to get a full 3.5% on that extra $20k. The difference between 1.75% and 3.5% on $20k would have increased your cash back this year by $350! So hopefully you can beat it again in 2022. Cheers!
Good catch. I can’t believe I not only *said* 3.625% but also *typed it in as a title*! Oops. I know better! I was just being concise about travel/dining on the premium card. When hotels aren't 5x on platinum, I use bofa premium for 3.5%. I also use it for dining when traveling internationally. I literally use it for EVERYTHING else. My red card does cap the 5.25% at 2500/qtr and if I were better at monitoring my spending I'd get 2-3 MORE of them. I like to keep things simple, but I missed out on $650 easily. BTW, I reviewed my year-end statement and you're RIGHT -- my overall earn rate on the card was only 2.86%. I was shocked. Barely over 2.625% and certainly lower than 3.5% I could have gotten on the grey card. I did inadvertently use the red card for a few things that should have been on the premium card like a charity donation and some food places that counted as merchandise... but my MAIN problem was that I blew past that $2500 EVERY TIME! By a LOT. I actually need 4-5 red cards to maximize the 5.25% ...OR maybe I should start using the Cryptodotcom card for meals... although it's technically a prepaid debit card and their way of handling "preauth" amounts for tips isn't very clear in-app and apparently, there is no other real statement other than a CSV download. Thanks for the comment! I really appreciate the thought that went into it.
Would the rules really be much different than consistently buying and paying on time? You can build your credit in the U.S if you buy a hamburger once a month and pay it off in full. It doesn’t take much effort, banks only want to know you’re a dependable borrower.
@@muckymucks it’s not the rules but keeping the credit scores in both. If I left the UK for 10 years and then came back I’ll start from zero, not to mention that I need to start from zero in the countries I’m moving to as well. Getting a credit card in a new country is also not trivial if you haven’t lived there and I assume it’s even harder if you actually reside abroad but still want to build a credit score in that country say if you want to buy a house using a mortgage in that other country
I haven’t really looked into it. I don’t have an M1 account. I thought Apple was only 2.5% back on M1. I don’t buy enough at any of the 10% companies for it to make sense for me
It can be fun and isn’t too complicated if you compartmentalize your purchases. Groceries, dining, gas, online purchases, entertainment, travel. Odds are you buy the same things over and over; figure out the best card for that purchase.
That depends. The only way Dave was able to get high cash back on certain cards was because he a ton of money invested/staked. Obviously if you don't have that much money up front to invest, than annual fee is better
![Megan Thee Stallion - Mamushi (Remix) [feat. TWICE] [Official Audio]](http://i.ytimg.com/vi/5c0_u9PsrsQ/mqdefault.jpg)
He's not kidding - it actually is doable. I mean, if I'm being realistic I can't keep up with his spending, but I got close to 450 back this year, after one annual fee. Need to refine my technique a little, but all in all, I'm fairly pleased.
Good for you… keep it up!
👋 Enjoy! How much were YOU able to cash-in last year?
There’s churning, and then there’s this.
Respect ✊ 💯 💳
Get this man to 100K subs!! Thanks for the video Dave, I was looking forward to it!
Thanks Jake!
I can only imagine all the calculations Dave have to do before every purchase. I only got two rewards cards, but already feel the pain when I use the wrong card for the wrong category
I think my system is pretty simple. At least it was: Amazon and Apple Card’s saved in their respective accounts, 2 cards in my wallet are red card for dining, and black card for everything else! Then when booking a trip, platinum for airfare and compare hotels on Amex site and if they’re higher priced, use the BofA card. Simple enough! Was almost too easy… The X1 and Cryptodotcom cards are about to make it interesting again!
One of my favorite annual video series! 💥 Congrats on the cash out, Dave 👊💵
Sticking with the BoA cards + Preferred Rewards combo going forward?
Thank you Mark! I’m actually considering dropping the red BofA card because I blow past the $2500 cap every time and would need 4-5 of them to maximize the 5.25%. I’m actually considering using the 5% Cryptodotcom card more - but I just can’t seem to get my head around the idea of using a prepaid debit card instead of a "real bank" credit card.
@@HeythereDavehere - Gotcha 👊 I also tried the "prepaid debit lifestyle" for a bit. Wasn't for me as I found it a hassle to keep reloading, but I do understand why some prefer it.
Nice content! The best way to find that balance between saving and living is by investing, this way you get to have your savings intact and then live comfortably of the revenue coming in from your investments.
His trade execution quality and profiting is well structured with great financial features.
Working with Romero pieto is the best thing that can happen to a beginner trader who is aspiring to be fruitful out of the market he is trustworthy and straightforward we surely need more men like him in trading world.
Good good content.
Startled to see Romero name mentioned here I am among his students and it have been the best decision I have made he carries every one working with him along and make sure they all make returns.
I've seen so many review about this man called Romero pieto who is he ?
The second BofA card is 2.625% on everything with the 75% bonus, not 3.625%.
That's what I was gonna say
Dave 1.5% with 75% bonus is 2.65% not 3.65% (that would be insanely good haha)
I always leave a mistake in there to make sure you’re paying attention 🤦♂️
Hey Dave , you should do a review on the new Capital One Venture X card. Great video by the way, by far one of my favorite channels.
from 4:56 onwards, it's so satisfying to see you redeem all those points :)
Dave, why not get another BofA Cash Rewards card and set the category to Online Shopping?...this would cover buying new Apple gear at 5.25% which beats the X1 card. It may be different for Apple subscription services though, depends on what merchant code they are using...so perhaps the X1 card still applies there. Same applies to the Amazon Prime card, I only use it for Whole Foods now, because BofA Cash Rewards beats it (and I'm not running into the $2.5K/qtr limit)
If you haven't done so already and I'll try to search your videos, can you do more videos on your studio setup and how you do a lot of the editing things like @09:50 you take the image and highlight/dehighlight some of the logos. Are you using apple's final cut pro?
Yooo, you're evolving.. Now its the black hoody.. Never settle..
Can’t wait for the CDC card review - been a happy user of Jade for over a year!
This is great!! I have the Amex business platinum card. I have $532,000 points!!!
Dave, nice video. You should do a video on your bank account setup (i.e. checking, savings, investments) / best banks?
What about the M1 Finance Owner’s Rewards card? You get up to 10% back on companies you are invested in.
Dave why don’t you get a second BoFA custom cash back card and leave the 3% category on online-purchases. That way you get 5.25% cash back on online
purchases. That would replace the Apple Credit card’s “3%” for the typical iPhone upgrade and whatnot
agree...doing the same here. Also works for Elan VISA/US Bank card with similar deal.
Please talk about the cryptocom card!
Will do!
Actually Dave, for your Bank of America card 1.5+75% equals 2.625%
I’ll commit to watching more of your videos this year!
I love the video, and it would be great if you go over how much you spend to get this much rewards
Imagine how much money is spent on getting that much cash back! More than what a normal person earn in a year.
Right? With just the Costco citi and double cash I probably only made around $200-$225 all year.
So excited to see the next part of this series. These videos are my favorite of yours Dave Hanson, Can't wait for the next one, happy 2022.
With BofA Cash rewards, there is a $2500/quarter limit on category eligibility. This means a $525 maximum bonus per year, so how did you get $900+ from it?
I blew past the $2500/qtr limit and earned the rest at 1.75% - not the most effective, I know! Should have been using the premium card for 3.5% when I went over or gotten additional red cash rewards cards… I checked my annual summary and I’d need to manage 5 red cards to fully capture the full 5.25% - too much hassle, but considering moving dining spend to X1 for 4% or cryptodotcom for 5%
Dave, do you take advantage of some cards sign up bonuses and then eventually keep them as “keeper” cards? Nice work on the bulk of your collection. Majority of these I don’t have or have no use for but it’s interesting to display what you’ve earned on various categories across various cards
I got sign up bonuses on most of the cards, but I don’t churn for bonuses and haven’t bothered with retention offers. I might try with Amex Platinum but if they see this video they know I got my money’s worth!
I was just looking for this video yesterday! Awesome!
I have both the blockfi and cro card, I dont like that the CRO card is debit but I need to use it more! Also really want the Gemini Credit Card (I think its better then the blockfi one). Dave maybe you can get me off the waitlist with one of your promo codes😁
I’ve given out all the waitlist skipping codes they allocated to me! They say they’re working their way through the waitlist… you might try my code (link in description) because they add additional uses to my code from time to time. CurIous what specific concerns you have about CRO card being Debit vs credit?
@@HeythereDavehere Dont see the code for the Gemini Credit Card? With the CRO card being debit it just the hassle of constantly topping of the card to use, I don't like to have money that just sits there. This is probably more of a issue based on my personal preference.
Excellent! Though comparing years isn't fair unless you disclose HOW MUCH you spent in order to get those rewards. I'm sure if you spent 2x as much the first year, you'd beat your first year rewards. It's not really that exciting if you just spent a lot more money...
I'm loving my 5% back on Rose Gold Crypto card as well. Great choice picking that instead of the Icy. 😄
What is the best card to use at a tesla supercharger? Its not a gas station but it adds up.
Been waiting for these video to happen.
The total ending in 69 cents. Well played Dave, well played.
Nice video! Love the way you presented the breakdown for each card.
God, post-FTX, that BlockFi card doesn't work anymore.
I’ve been waiting for video! Thanks Dave
Hey Dave! Big fan of the channel, you got me into credit cards. A crypto com card review would be great! I also use the BofA program and have 2 red cash back cards (dining/online) and 1 black/grey premium rewards card. Congrats on the new diamond status! Couple comments on your cashback. At time 713 the multiplier is 2.625% for everything, not 3.625%. The travel/dining is at 3.5%. Not sure if you were just trying to be concise? haha. The red card maxes out on 5.25% at $2500 per quarter (at least for me) and then drops to 1.75% so $10,000 per year would be max $525 a year. If you racked up $901 then you probably had to spend around $30k and your average cashback would have been ~2.9%. It might make sense to use your black/grey premium rewards card for high value dining to get a full 3.5% on that extra $20k. The difference between 1.75% and 3.5% on $20k would have increased your cash back this year by $350! So hopefully you can beat it again in 2022. Cheers!
Good catch. I can’t believe I not only *said* 3.625% but also *typed it in as a title*! Oops. I know better! I was just being concise about travel/dining on the premium card. When hotels aren't 5x on platinum, I use bofa premium for 3.5%. I also use it for dining when traveling internationally. I literally use it for EVERYTHING else. My red card does cap the 5.25% at 2500/qtr and if I were better at monitoring my spending I'd get 2-3 MORE of them. I like to keep things simple, but I missed out on $650 easily. BTW, I reviewed my year-end statement and you're RIGHT -- my overall earn rate on the card was only 2.86%. I was shocked. Barely over 2.625% and certainly lower than 3.5% I could have gotten on the grey card.
I did inadvertently use the red card for a few things that should have been on the premium card like a charity donation and some food places that counted as merchandise... but my MAIN problem was that I blew past that $2500 EVERY TIME! By a LOT. I actually need 4-5 red cards to maximize the 5.25% ...OR maybe I should start using the Cryptodotcom card for meals... although it's technically a prepaid debit card and their way of handling "preauth" amounts for tips isn't very clear in-app and apparently, there is no other real statement other than a CSV download. Thanks for the comment! I really appreciate the thought that went into it.
This is my favorite video too! And it’s been another year?
I’ve been doing the same thing. I just use my points to buy random cryptos and watch it grow.
Where’s Chimi?
I think you make a mistake with the Bank of America Card. You mention is 3.62% but is 2.62% cash back on any purchase.
I was waiting for this video! Happy New Year 2022 Dave!
Hold up 75% of 1.5% is 1.125%, add that to 1.5 and that’s not even close to what he said. Can someone explain?
Been on the X1 waiting list since they opened it. Still waiting for the invite to get the card.
Great informative video ☺️, wish we could do this in Australia but not much on offer 😢
Hey Dave, any plans to add the Venture X card in 2022?
Hey Dave, can you make a video on how to build credit scores in multiple countries at the same time? Think, the US and UK or Canada, Ireland, Mexico
Would the rules really be much different than consistently buying and paying on time? You can build your credit in the U.S if you buy a hamburger once a month and pay it off in full. It doesn’t take much effort, banks only want to know you’re a dependable borrower.
@@muckymucks it’s not the rules but keeping the credit scores in both. If I left the UK for 10 years and then came back I’ll start from zero, not to mention that I need to start from zero in the countries I’m moving to as well. Getting a credit card in a new country is also not trivial if you haven’t lived there and I assume it’s even harder if you actually reside abroad but still want to build a credit score in that country say if you want to buy a house using a mortgage in that other country
What does this gentleman do/did for a living besides RUclips? Like what was his career? Thanks
FYI: I closed my 20 year old credit card, and oddly enough it made my credit score go up!
So you’re saying you spent $18,000 dining out? Wow
Blockfi is 2% after $50k in calendar year, not 2% after 20k.
Also amex plat is now $695
Wonder how much you spent to get that much back.
I’m curious what apps your buying? Next video idea. Haha
Phenomenal video!
That blur seems like it could be reversed lol
A small typo in 7:12, it's supposes to be 2.625%
That’s crazy!!🔥
Love your content!
No Amex gold?!
Now one is curious; what card did you not hit the minimum spend on?
If you had an avg return rate of 3.5% you spent 150k roughly. At avg 2% thats 250k spend… regardless that’s a lot of spend
Dave did you review of the M1 card?
M1 is an interesting card with unique 10% back mechanism. I don’t have it - more complicated than I like but maybe I should review it anyway
how do you get the x1 card i feel like ive been on the waitlist forever
You probably have been on forever! I’ve given out all my “skip the waitlist” codes but they occasionally add more for me on this code: gUNlWeW
Now if you arent american, most of these cards dont work, so just get the cro card, use it on everything, and be done with it
man you are so interesting and informative.
At least we can earn credit card points off of the daycare bill
You spent $18K on dining last year???
... Bruh ...
You sure do spend a tons of money!
Not a flex. Now watch me flex. I got $3.2k back from credit cards and checking account bonus. This year.
this is nothing…….redeemed 900k UR points just on resturants (pay your self back)
12:01 its not 40k anymore ma dude.
7:13. Shouldnt this be 1.5x1.75=2.625?
yes
Downgraded the Ritz Carlton card?? Oh no
Will the M1 card fully replace your Apple Card for apple purchases?
I haven’t really looked into it. I don’t have an M1 account. I thought Apple was only 2.5% back on M1. I don’t buy enough at any of the 10% companies for it to make sense for me
@@HeythereDavehere So sorry I meant the X1! lol
Great production value as always , well done !
I always look forward to this viedo!! Thanks again Dave, incredible like always!!
Dave! love these videos!
Glad to hear it!
i'm exhausted just listening to you talk about the scheming about what card to use for what purchase. who has time for this!?
It can be fun and isn’t too complicated if you compartmentalize your purchases. Groceries, dining, gas, online purchases, entertainment, travel. Odds are you buy the same things over and over; figure out the best card for that purchase.
So am I smarter than this guy because I didnt spend 40k to earn $600?
No annual fee ftw!
That depends. The only way Dave was able to get high cash back on certain cards was because he a ton of money invested/staked. Obviously if you don't have that much money up front to invest, than annual fee is better
Activation.
My nigga
Success
New video july 23 2024