Same situation, one of my credit cards in Indonesia has cashback 10% but capped at equivalent of $6.67 per month, luckily it has free annual fee for life🙃
Same for us in Australia. I think it’s because Americans aren’t responsible (Australia only really gives frequent flyer points [and we have long distance travel for most domestic and international flights so it is rough] and cash back is only for sign on bonuses)
@@RealClintCapelaits not because of americans not being responsible. Actually the entire world is in debt including Australians. Its the fact that Americans spending rate is way higher by comparison to other countries. Its why we get the points and benefits that we do without our spending rate we would get the same thing as Australia. banks can't make money to pass on benifits with a society who has a traditionally low spending rate.
@@mikeyiorio1880which makes it useless In other words as you’re losing money considering the risk free interest rate amount on 100k Based off even 30k in spending would be weeeeelll above that. BOA is scamming ya.
Nice combo for straight cash back. I wish more issuers had transfer partners though. There are some great cash back cards, like from US Bank, but without travel partners I tend to pass them over.
Hey Dave - Appreciate your videos on the most effective cash back cards you have! As your cashback on the everything and dining cards' rewards rate is tied to holding a large account balance with BoA/Merrill to get preferred rewards and the Amex card has a very high ($700) annual fee I think most of these would be very difficult for the average person to actually obtain. Would you happen to have any good card strategies not tied to as high of capital requirements?
Yes, although my go-to recommendation card has been discontinued (WF Propel Amex) and they replaced it with a 2% on everything card and there are already several options to choose from for 2%. My best advice is to think about the categories you spend in most, and find the mix of cards that reward most in those categories and try to always use no annual fee cards because the fee is nearly impossible to “earn back” purely from the increase in points/cash back rate.
I set BOA cash reward on online purchase and get 5.25% on rental payment. The fee for paying rent with a credit card is 2.95% so still about 2.5% net profit.
@@Stutterstun True. Having player #2 and 3 would help. There are different versions of BOA cash rewards. I just did further research. You can have multiple BOA cash rewards cards. You just have to wait 24 months before opening another one.
Can you explain how you calculated that percentage for the bank of america premium rewards card? Because on their website it says 2 points per dollar on travel and dining and 1.5 points per dollar on all other purchases. The points are worth up to 1 cent per point.
You have to be preferred member for Bank of America. Then, your reward will have 75% boost which makes 3% reward to 5.25% reward. To be a preferred member, you need to have minimum of $100K in brokerage account or savings account.
My solid rotation for cash back will be navy federal cash back rewards card , Apple Card and citi custom cash these three combination gas , food , bills and for my fourth card American Express gold card for food and travel this 4 card set up is perfect well rounded
but why is it that on my (well my dad’s bc i’m not 18 yet) card it says all the card information and on these cards there’s no numbers or any card details? What if someone steals all of that info that the card has in itself (CVV, Card Number, Expiry date) like what if they takes a picture of my card from both sides?
I’ve been loving the Trove wallet… personally using a black carbon fiber on black elastic with “swift tab” but I’m thinking about a refresh soon... trove.cc is their website
Thanks@@HeythereDavehere I’ve been debating getting the Frinchie Co Airtag ready speed wallet. Figured it’s what you had. If you do find a wallet you like - quick review ?
Hi Dave, your comment about HOOD from your last live event seems dead on based on the last 2 days of trading. Here's to epic growth of Robinhood for the next 5, 6 years.
![เก่งแต่ลับหลัง (FINSTA) - ส้ม มารี (Zom Marie) Ft. Punch 4EVE [Official MV]](http://i.ytimg.com/vi/OOolBU2aC70/mqdefault.jpg)
Meanwhile gold credit cards in Japan give only 0.5% of cashback
Same situation, one of my credit cards in Indonesia has cashback 10% but capped at equivalent of $6.67 per month, luckily it has free annual fee for life🙃
not profit
Do you guys actually have cashback? Here in Brazil, we basically don't 😢
Same for us in Australia. I think it’s because Americans aren’t responsible (Australia only really gives frequent flyer points [and we have long distance travel for most domestic and international flights so it is rough] and cash back is only for sign on bonuses)
@@RealClintCapelaits not because of americans not being responsible. Actually the entire world is in debt including Australians. Its the fact that Americans spending rate is way higher by comparison to other countries. Its why we get the points and benefits that we do without our spending rate we would get the same thing as Australia. banks can't make money to pass on benifits with a society who has a traditionally low spending rate.
Blockfi card didn't age well
Why
@@cristianantolin1396doesn’t exist anymore.
Nice loop! Caught me off guard the first time I viewed the video
It worked! 😉 Thanks Manny
@@HeythereDavehere name of wallet please.
What’s the wallet name please?
How do you get 5.25% in the Bank of America card? I only get 3% options. Do you need to have a certain amount of money or something?
You have to have an average balence in your checking account of 100k+ over 3 months to get that rate
@@mikeyiorio1880 what he said
@@mikeyiorio1880which makes it useless In other words as you’re losing money considering the risk free interest rate amount on 100k Based off even 30k in spending would be weeeeelll above that. BOA is scamming ya.
@@mikeyiorio1880holy shit
@@mikeyiorio1880 which is dumb cuz you could sit that 100K in an hysa and earn over 300 a month in your sleep
Nice combo for straight cash back. I wish more issuers had transfer partners though. There are some great cash back cards, like from US Bank, but without travel partners I tend to pass them over.
Hey Dave - Appreciate your videos on the most effective cash back cards you have! As your cashback on the everything and dining cards' rewards rate is tied to holding a large account balance with BoA/Merrill to get preferred rewards and the Amex card has a very high ($700) annual fee I think most of these would be very difficult for the average person to actually obtain. Would you happen to have any good card strategies not tied to as high of capital requirements?
Yes, although my go-to recommendation card has been discontinued (WF Propel Amex) and they replaced it with a 2% on everything card and there are already several options to choose from for 2%. My best advice is to think about the categories you spend in most, and find the mix of cards that reward most in those categories and try to always use no annual fee cards because the fee is nearly impossible to “earn back” purely from the increase in points/cash back rate.
I set BOA cash reward on online purchase and get 5.25% on rental payment. The fee for paying rent with a credit card is 2.95% so still about 2.5% net profit.
But don't the BOA cash rewards card have a limit of $2500 each quarter?
@@Stutterstun True. Having player #2 and 3 would help. There are different versions of BOA cash rewards. I just did further research. You can have multiple BOA cash rewards cards. You just have to wait 24 months before opening another one.
@@texassecession6422 sounds like you did your research, I didn't want you to lose out on profits. Best of luck to you and your credit card journey.
@@Stutterstun Thanks. It's just a small money. Not gonna be rich from credit card perks.
Can you explain how you calculated that percentage for the bank of america premium rewards card? Because on their website it says 2 points per dollar on travel and dining and 1.5 points per dollar on all other purchases. The points are worth up to 1 cent per point.
Maybe using the higher cpp when it’s used for travel
You have to be preferred member for Bank of America. Then, your reward will have 75% boost which makes 3% reward to 5.25% reward. To be a preferred member, you need to have minimum of $100K in brokerage account or savings account.
@@texassecession6422are you sure it’s a brokerage account as well ?
Where did you get the box in the background with all the numbers on it? I have something very similar that I inherited from my grandfather.
What’s the name of the wallet you have?
Hey Dave where the full Video
And here I thought 2 percent cash back was beast mode. But, 5.25 percent???? Dang!
reeeee the suspense is killing me
lol
Thank you Dave. I´ve got Blockfi card but I do not know how to use it. How to send USDC or other coins? How to spend in Europe in EUR? Thank you.
Thanks 🙏🏽.Just got mine from the right plug 👆🏾👆🏾🆙🔝
I'm still stuck and confused in how to use my EUR on my WBLL acct holdings... Let alone to even find out where and how to access it.
Bro put down 4 cards and then have a stack of cards😎
Hey Dave! Are you still using the blockfi card?
My solid rotation for cash back will be navy federal cash back rewards card , Apple Card and citi custom cash these three combination gas , food , bills and for my fourth card American Express gold card for food and travel this 4 card set up is perfect well rounded
Dude said blockfi 😲😬🤣
so what's the 2 card?
This guy has a lot of credit cards
but why is it that on my (well my dad’s bc i’m not 18 yet) card it says all the card information and on these cards there’s no numbers or any card details? What if someone steals all of that info that the card has in itself (CVV, Card Number, Expiry date) like what if they takes a picture of my card from both sides?
Bro has like 21 figures in each card😮🤑
RIP BlockFi
I just got the blockfi card lets go
Nice! Welcome to the club!
Hows that blockfi card working out for you loll
How do I redeem 500$ from the Bank of America premium card ?????
Good luck on the BlockFi
Rip blockfi lol
Egypt's credi cards gives 2% of cashback
What’s your wallet choice?
I’ve been loving the Trove wallet… personally using a black carbon fiber on black elastic with “swift tab” but I’m thinking about a refresh soon... trove.cc is their website
Thanks@@HeythereDavehere
I’ve been debating getting the Frinchie Co Airtag ready speed wallet. Figured it’s what you had.
If you do find a wallet you like - quick review ?
@@kevin0927 will do. I never carry cash, so the Frenchie wallet is too thick for me
🆙👆 Tap in legit vendor
Open multiple of the BOA 5.25% card.
Not a bad idea, but I personally don’t spend enough in another specific category to make it worth my time
Hi Dave, your comment about HOOD from your last live event seems dead on based on the last 2 days of trading. Here's to epic growth of Robinhood for the next 5, 6 years.
🥂 it’s nice to see HOOD coming back!
He forgot to mention the bkockfi card 3.5% cahsback is jntro bonus...
Why are you using your Amex platinum for travel…you should be using another Amex card for more points 😳
not believe 438 point equally 3dollars
can i use your card in Africa for 4ukey app
Uh oh..Blockfi? This didn't age well 😅
Rewards.....?😅
Did you invest the $5000? Or Spend it?
On t ele
i assume you dont have all these cards on your credit report?
Attention
Hate Plastic
GMBR Card
Yeah but how much is the intrest
🆙👆 Dm legit vendor
Interest doesn’t matter if you pay it off every month
🖕🖕 thanks you for the good log with high balance ✅💯✌️✌️
PorfVer
Can you me one send one please
Not following
LOL what a shitty set up.
What?
I comment❤❤
this one didnt age well
Why? Bitcoin?
🖕🖕 thanks you for the good log with high balance ✅💯✌️✌️