I Ranked Every Credit Card (Here’s What’s ACTUALLY Good)

Summary

This video ranks popular credit cards into tiers, revealing the truth about their value. It discusses cards like the overrated Apple Card, the beginner-friendly Discover It Card, and top-tier options like Capital One Venture X and Chase Sapphire Preferred. The script also covers cashback and travel cards, analyzing their benefits, fees, and rewards to help viewers choose the best cards for their needs.

Takeaways

• ?Í🏼 The Apple Card is considered overrated due to its limited 2% cash back offer which is only valid with Apple Pay and not on the physical card.
• ?Í🏻 The Discover It Card is ranked in the middle tier for its rotating 5% cash back categories and its ability to match all cash back in the first year, making it beginner-friendly.
• ?Í🏽 The Capital One Venture X card is a top-tier card with a large sign-up bonus, high multipliers for travel expenses, and valuable travel benefits despite its annual fee.
• ?Í🏻 Chase Sapphire Preferred is an excellent value travel card with a low annual fee, offering a substantial sign-up bonus and good rewards for travel and dining.
• ?Í🏼 Both the Chase Freedom Flex and Freedom Unlimited cards are highly rated, with the Flex offering rotating 5% categories and the Unlimited providing a flat 1.5% cash back.
• ?Í🏽 Citi Double Cash card moves to a higher tier with a new sign-up bonus, offering 2% cash back on all purchases.
• ?Í🏻 The Citi Custom Cash card is praised for its customization feature, allowing cardholders to earn 5% cash back in their highest spend category.
• ?Í🏽 With no annual fee, the Capital One Saver card offers a high sign-up bonus and 3% cash back in various popular categories, positioning it as a top-tier cash back card.
• ?Í🏼 The American Express Green Card is seen as overrated with its $150 annual fee not justifying the benefits for most users.
• ?Í🏽 AMEX Gold and Platinum cards are highly ranked for their dining and travel benefits, though the Platinum's numerous benefits and high fee make it a contentious choice.
• ?Í🏼 The video emphasizes the importance of choosing credit cards that align with individual spending habits and travel preferences to maximize rewards and value.

Q & A

Which credit card is considered overrated in the video?

The Apple card is considered overrated because it only offers 2% cash back on everything if you pay with Apple Pay on your iPhone or watch. Using the physical card cuts the cash back to 1%.

What is the unique feature of Discover It Card mentioned in the video?

The Discover It Card matches all the cashback earned in the first year, effectively doubling the cashback in the first year and has no annual fee.

What is the sign-up bonus for the Capital One Venture X card?

The Capital One Venture X card offers a standard sign-up bonus of 75,000 miles worth at least $750.

What are the benefits of the Chase Sapphire Preferred card?

The Chase Sapphire Preferred card offers a $50 annual hotel credit, a sign-up bonus of 60,000 points, and earns points in various ways including 5x on travel booked through Chase, 2x on travel and dining, and 3x on online groceries and streaming.

Why is the Citi Double Cash card moved up to the B tier?

The Citi Double Cash card is moved up to the B tier because of a new offer for a $200 cash back or 20,000 Citi ThankYou points as a sign-up bonus.

What is special about the Citi Custom Cash card's earning structure?

The Citi Custom Cash card allows cardholders to earn 5x back in their highest spend category every billing cycle out of 10 categories, making it highly customizable.

What is the reason the Capital One SavorOne card is ranked in the S tier?

The Capital One SavorOne card is ranked in the S tier due to its $200 sign-up bonus, 3% cash back on dining, entertainment, streaming, and grocery stores, and 10% back on Uber until November 14th, 2024, all with no annual fee.

What is the AMEX Green Card's annual fee and what does it offer for that cost?

The AMEX Green Card has an annual fee of $150 and offers 3x points on travel, transit, and dining, but is considered overrated because the value does not quite match the fee.

What is the unique benefit of the Built MasterCard mentioned in the video?

The Built MasterCard offers a unique benefit of earning points without transaction fees when paying rent, making it valuable for those who pay a significant amount in rent.

Why is the AMEX Platinum card considered divisive and placed in the B tier?

The AMEX Platinum card is divisive because it has a high annual fee of $695 and comes with many credits and benefits that require tracking, which can be a headache for some users, hence it's placed in the B tier.

What is the strategy recommended for airline credit cards?

The recommended strategy for airline credit cards is to focus on earning flexible points currencies from banks like Chase, AMEX, Capital One, and Citi, rather than getting cards for each airline.