Every Credit Card that Earns OVER 2% Cash Back on ALL Spend
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- เผยแพร่เมื่อ 14 มิ.ย. 2024
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Hey Credit Warriors welcome to the show and in this video we are going to talk about the best credit cards for cash back on non-category spend. Now the 2% cash back rate in this category is kind of the gold standard, but I want to go beyond that and show you a selection of credit cards that actually earn a higher level of cash back rewards. If you like the sound of this why not hit the like button, and subscribe to the channel if you are new.
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If you're stuck deciding between cash back or travel then the chase freedom unlimited is a good choice.
Awesome topic about a type of card many people should have 👍
I would suggest,ALL people should have considering theres typically no annual fee. Doesnt matter if you’re after points or not.
Timestamps on the video would be really helpful.
I got you:
00:00 Intro
00:44 Alliant Credit Union Visa (2.5% up to $10,000)
02:48 US Bank Altitude Reserve (3% Mobile Wallet)
05:12 WeBull Ad
05:45 Coinbase Debit Card (4% in cryptocurrency, up to $2,500 per transaction, $5,000 reload max per day, reload x10 max per 30 days)
07:51 Bank of America Unlimited Cash Rewards (up to 2.625% w/ PH Tier)
09:06 Fidelity Rewards Signature (up to 3% w/ 2M+)
10:10 The Save Wealth Card [Plus + Premium] (avg 3.93% - 5.90%)
11:48 Outro
Did you *port* that image and sound effects when showing the card from your Star Trek channel?
Since you mentioned the US Bank Altitude Reserve, I am surprised you did not mention the Kroger Rewards World Elite Mastercard. It earns 5% Cash back on mobile wallet purchases for the first $3,000 per calendar year, then 1% thereafter.
The problem I'm encountering with cards these days are they (1) restrict you to redeeming $25 or more or even in $25 increments, (2) force you to get a checking account with them to redeem for cash, (3) they can take a surprisingly long time to send you the money you've earned.
Are you going to go over the elevated southwest card intro bonuses?
The only one I have that SORTA is in this category is the Apple Card, I just wish they’d increase that god awful 1% with physical card to 1.5% at LEAST
Lots of great options here! But my preference is with Bank of America, specifically with Platinum tier or above. The multipliers are amazing with their card lineup at that level.
I absolutely loved this video. I am excited for the day when I have that much money invested as I could be earning even higher cash back with that company loyalty with either BofA or Fidelity. I do wish they would make the Fidelity card look a bit more higher end, however.
I have been waiting for the Save Wealth Premium Card reviews for so long now. Does anyone have it yet? Only you and Dayton Millers channels mention the card on TH-cam but it seems that nobody has gotten a physical usable card yet to give their first hand experience with it. Like there are so many questions I have for it like where the investable funds come from and at what rate they are borrowed. If the potential 6% return is 1 year from a purchase date or is this one year based on our card anniversary date?
Have you found your answers?
@@jaysant6958 yes, it was paused due to how bad the financial markets have been lately so nobody has it I believe yet
What happened to the affiliated links to the cards. Can't find it on the description
I’m all in on the Bank of America option.
The Fidelity card is somewhat enticing since I do prefer their financial product offerings over other brokerages. And while I do appreciate the simplicity of cash back … I see more value from points with citi trifecta or chase trifecta. The Coinbase card is compelling with 4% but wtf are Graph and Lumens? Is there an option to auto convert to usd or stablecoin? If I have to manually convert them it’s no longer the “simple” option and I may as well go for points which is effectively what those cryptos are to me anyway. Lastly, customer service, benefits, and purchase protection is what I care about most. So I couldn’t bring myself to use any of these. Not worth the hassle.
thanks
For myself I was fortunate enough to get an AOD FCU 3% cash back card with 0 AF before they discontinued it
Technically not discontinued, just not available for new applicants, but yes good that you were able to get it👍
If we have credit warriors here in the US then does China have “social credit warriors”?
I thought that alliant card might have added an annual fee as well...counbase debit card appears cool
But the save wealth card...almost...but can't...26k income
The point or cash is one thing. Transfer partners of those points is another.
I was planning on applying for the save wealth credit card but one concern I thought of; if I cashed out on the investment by the end of the year, would I owe tax on that amount? if so, maybe 2% cashback is more beneficial
Your tax would be long term capital gains, since you held for a year. That is how they designed it. So 0, 15, or 20% depending on how much you earn and if you are married or not
I have the fidelity card and use that to fund a dividend portfolio.
I have the Amex BBP with Schwab for 2.2%
Where u able to open it up without a business?
Wait you have a Schwab branded BBP?
@@doreme2688 no, but the BBP combined with the Schwab platinum gives 2.2% effectively
@@jettjohnson4995 excellent recipe! Will keep this in mind, I have the Schwab plat
wells fargo active cash sounds good
I wonder if Sebby still owns the USB-AR card?
He didn’t spend much but got retention offers so kept this card nut not sure if still owns it?
3x on mobile software is genius bc the the apps provide an extra layer of protection for card readings 👮🍻🤑
Sofi card upgrade me from 2% cash back to 3% on everything and my apple card give me 2% on everything.. No annual fee n pre approve 🔥🔥
i got the AOD FCU signature card which is 3% all purchases with very little strings attached
did you live in Alabama. I tried and they wouldn't give it to me
@@joesmith9483 they discontinued the card to new applicants, no i'm military affiliated out of state
I like the BoA Unlimited no Annual fee card. Its been my catch all card for past 3 years and last year I earned $2202.00 in cash back from this card.
Is that at 2.25% or 2.62% back?
@@manojreddy123 - So if you have a 100K with BoA's ML brokerage, you can get 2.62%...2.25% for having 50K
@@moneyhost exactly! You earned that $2202 last year just at 1.5% cash back?
Your earnings would’ve been higher if you had a 2% on everything card right?
@@manojreddy123 I got actually earnings 2202 from this card at 2.62%. I have a brokerage account with BoA's Merrill Lynch with $100k, which qualified me to get 75% multiplier on the 1.5%. I earned total of over $6500 in cash backs and points in 2021. I made a video about it on my channel.
@@manojreddy123 How do you know he earned that money at 1.5% and not the 2.25%?
the save wealth seems interesting, but i'm pretty sure they'll send me a 1099 end of year.. not sure if that's good or not.
yes they do, but since you have to hold for a year, your earnings will only be subject to long term capital gains rates of 0, 15 or 20% depending on your overall income. If you are married filing jointly you pay 0% if you earn less than $80k a year, which is a lot of people
I am a credit warrior!
Little detail but i can hear your voice bouncing off the walls. A peice of sound proofing on the wall would help a lot.
Thanks ill look into it
Paypal credit card 2% on everything using the card and 3% on using paypal
Do you use any of those cards on a daily basis for your non category spend?
If you can get invited, Ollo has the Optimum that gives 2.5% on everything with no annual fee.
Do you have ollo optimum? I just have ollo rewards ,,( 1-2% Cashback)
@@phillipdeck933 No. My wife has the platinum and rewards. We have been trying to get her the Optimum for over a year but their not biting.
How to get invited?
The Discover It Miles Credit Card earns 3% back the first year. The Santander Ultimate Cash Back Credit Card earns 3% cash back on qualified purchases for the first 12 months, up to $20,000. Thereafter, earn unlimited 1.5% cash back on qualified purchases. The Sofi Credit Card earns 3% cash back for the first year with qualifying direct deposits on up to $12,000 in spend ($360 cash back).
After all that, the conclusion still is that Citi Double cash remains the king of 2% cash!
Alliant is 2.5% so no way. All they ask is to open a bank account? Easy
Really the question is between the alliant and the wells fargo card since both are better than the citi double cash. Wells fargo has rotating benefits as well as the 2% cb but do you value the .5% more than rotating benefits? I know i do
Great video! X1 card deserves a mention here. If you spend more than $15000 on this card in a year, you get unlimited 3x points on all purchases in that year. On referrals, you get 4x back for a month!
On all previous purchases too or purchases from the point you’ve spent $15k and over?
And is it per calendar year or year that you start using it?
This has changed significantly after a year- Now the 3% cashback has several restrictions
Oh and it has a 1.25 APY On your balance.
🔥🔥
One and done: BoA Premium Rewards. Add a Cash Rewards or two as well and you're golden.
@Ben Hedges you forgot paypal credit card it earns 3% with PayPal payment. Can we use this card to pay rent?
Is it out yet? I thought it was still wait list?
@@TheCreditShifu oh okay 👍
Will we ever see a flat 4% card?
Not flat 4% without other restrictions, e.g. high annual fee, linked to stocks (like save), capped spending etc
Notifications squad
Guess who contributed 100% watch time?
Over 30 and have $100,000 Invested?! Who are you hanging out with? Harvard Alum's? sheesh!
they don’t even have that much saved by 30 ..hehe. grad school takes forever and grants don’t pay much let alone retirement money.
SO BASICALLY KEEPING THE RICH RICHER. LOL
Whay? Anyone can apply for these, you don’t need to be rich
Non of them are cash back credit card. Please doesn't lie to your audience
Hi Juan, all these cards have cash back as an option for the rewards. So you really can get those rates on these cards, there is no lying here.
False
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