Travel vs Cash Back Cards: Which One is Best?
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- čas přidán 7. 12. 2018
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50k Amex Delta Gold referral offer (scroll down to the bottom and click show more): www.asksebby.com/deltaplat
I got targeted (mail offer) for 60k
3/24 though
I'd love to get this card, but even $2 grand is a challenging spend. But, I would love this card...in the regular gold.
Chase first and then circle back to Amex. Hyatt, IHG Premier, CSP/CSR, United, SW Priority... tons of value to be had :)
I have a 75k offer for Delta Gold but I want Platinum or Reserve. Each of those are only offering 35k. What should I do?
Oops. Sorry. Didn’t see that was also in your link. I used your Reserve referral.
6:31 Sebby was like ***OMG GUN SHOTS***
pew pew pew
@@AskSebby lol'd
I have learned so much from your channel! Keep the informative and applicable videos coming. I had so much misinformation regarding credit cards.
He actually makes it fun to learn about credit
Helpful tips as always! Thanks!
can you please make a video on how do you distinguish between use AMEX cards and Chase cards like the AMEX gold and the chase CSR for dinning or like if you book air tickets on an AMEX platinum and the Citi prestige because they both earn 5x on air tickets. can you please make a video on like how you distinguish between use your cards from different issuers that both have the same bonus category
Thank you
Thank you! I have been debating of cash back vs travel. For me, I go the Travel card route. Even though I only travel a few times a year, it's worth it. Also for those wedding, birthday, and funerals; Travel cards are far better than cash back. I use Amex as primary but thinking of going over to chase. Give them a try.
Valuable and helpful information as always, thank you. Back to the video :-)))
Hi
Can anyone suggest a card to apply for to put upcoming travel tickets on please
Its a return trip from South America to USA for a family of five where ticket prices are pretty fierce
Hoping to benefit in the best possible way from such an expensive
TYI
Really good points Sebby. I only have one travel card, the CSR, and aside from the sign up bonus I do feel like I got value out of it in year 1. I'll have to see what I'm doing travel wise because if I don't take a trip in year 2 it will no longer be a good deal. Cash back cards are more flexible with what you can do with your rewards. For instance, I can get a new HDTV or computer with that money. I do agree that you get more outsized value with travel cards. But you need to keep traveling to make them worth your while. I think it's also fair to say the biggest benefits from travel cards are the sign up bonuses. After that it's a question of what the multipliers are and if you would continue to use that card or not for daily spend.
The good thing about the CSR is that you dont have to really travel to use the yearly credit. Rent a car book a hotel for family it all counts. It's a good everyday card not great but good enough. In the end it's only $150 a year if you use the $300 credit.
Hi Sebastian! I'm looking to get a new credit card with my husband. Is it harder to get approved if it's a joint account? Second option is, if I end up getting a credit card for just myself, is there a way to add him as an approved user for my credit card?
Thanks in advance for your help!
Can I get the perks of both by using a travel card to pay off all my other cards and just paying on the one travel card with cash? Build up points on all the other cards and only pay one card.
After you sign up for the travel card, can you buy airplane ticket with it?
I have an Amex BA card, it earns miles but it still charges for foreign transactions. I'd like a travel card without fees since I'm from the UK and Europe is all Euro
I have the savor one card by captial one. There are two options. Option one no annual, 150 cash back offer. 3% restaurant 2% grocery and 1 percent everything else. Option 2. 500 cash back offer but 95 annual after the first year. 4% restaurants and 3% groceries. I went option one but check this out!
I use and love AmEx Business Gold card.....we max out the 4x pts on IT category spending.......$150,000 max. Problem is I have another $100,000+ that is an IT category that won’t take AmEx. Is there a similar CC like the AMEX GB with this offer or a cash back card with either no limit or high limit for IT category. Thanks in advance.
There's a cash back version of the Spark: www.asksebby.com/blog/capital-one-adds-airline-transfer-partners-and-capital-one-spark-miles-for-business-increased-200000-miles-offer
It's not specifically on IT but it "works" given your high spend.
Questions: If I have a regular SPG Amex (anniversary date is June) & received an invitation to upgrade to SPG Amex Luxury (which I would benefit from). When should I upgrade & when do they charge the AF? Thank you in advance!!
www.asksebby.com/blog/should-you-upgrade-your-american-express-card
Can we also get the delta blue and then downgrade from gold to blue? Same with hilton, amex, etc?
www.asksebby.com/blog/american-express-product-change-and-downgrade-options
On the other side of the calculation, I do feel like a lot of people hold on to Platinums, Saphire Reserve, etc when the uber card would get more value in year 2. I didn't write it down but I think i remember that I would have to fly atleast once a month for those $400+AF cards to start to make sense. I feel it would be best to cycle through whichever premium card offers the best bonus that year. Personally given my spending and travel habbits, I maintain that 5 drawer cards with $100-$200 cash bonus is better value than 1 premium card with 50000-100000 points bonus bonus. I also recognize that not everyone has a robust enough credit profile to withstand that many new accounts and that one premium card may be a better bet.
CSR is a math equation. Amex Platinum is a breakeven card at this point with the Sak's credits (go in-store for gift cards and resell, at worst).
its been about 3 months now since ive recieved my first credit union card with 700 limit how long should i wait before i apply for a foundation/base card?
Wait until you hit 12 months on that card and go for Chase cards (expansion of rules make Chase priority #1).
after a year will chae accept my application? applied twice but denied but assumed i had no historty @@AskSebby
The wood and the fireworks though 😂
haha had me laughing too
i just notice that you were talking about downgrade a credit card. will you keep you credit limit and will it effect your credit score. i just upgrade my capital one platinum to the quicksilver and that didnt change much other than i am getting 1.5% cash back.
1) You keep your limits
2) No impact on credit score
Travel is good if you have upcoming travel you would have done if you were planning to pay in cash anyway.
Cash back credit cards are good for everything else because money is fungible, and points or airline miles are not. I can also earn interest on my money unlike miles or points.
I use cash back credit cards at all times except if I plan to travel soon.
In other words, I churn travel credit cards, but keep cash back cards for the long term.
I see, so when looking to travel you go after sign up bonuses, otherwise you continue with cash back cards.
If I have Delta blue card already, will I be able to downgrade the gold card to a second blue card after 13 month?
Timothy Yang yes you can
I really wish that somebody would calculate all of these rewards cards miles cards etc. is it even worth going through all of this when you have to pay interest on all of your purchases that’s basically what gets me I just can’t seem to get past that aspect because it seems like for the amount of rewards that I receive I’m paying almost to that or maybe a little more in interest payments per month on everything I buy
If you're paying interest on credit cards, you're using them the wrong way: www.asksebby.com/blog/7-habits-of-highly-effective-credit-card-users
Ask Sebby I checked out the link and I didn’t find anything regarding how to use a card and not be charged interest
For me, it's travel. Cash back is definitely nice- but not exactly that memorable. On the other hand, I will never forget the trips to Thailand and Australia made possible through points (when I was a student and didn't have a lot money). Those were on my first two travel cards (United Mileage Plus Explorer and Citi AAdvantage Gold).
Cash back is fungible. I can not only use cash back to buy travel, but also to buy me food, water, shelter, pay for gas, child care, and nearly anything else.
Points on the other hand can only be used for specific airlines or hotels. Well guess what, I cant pay my rent with points, I cant buy food with points, and I cant pay my utilities with points. I also cant invest my points and earn interest and dividends on my money like I can with cash.
Yes I do have some travel rewards credit cards, but I dont keep travel credit cards for the long term and I mostly churn them for the bonus. I also only open up travel credit cards if I have a trip planned in the future I would have paid cash for to begin with.
In summary, I use cash back credit cards for the long term, but churn travel credit cards for the bonus only when I have a trip coming up I would've paid in cash to begin with. Cash to me is more valuble because it can be used for everything, while points and miles cannot.
Travel cards are only worthwhile if you actually travel by air right?
Could i apply for a travel card and use my points to buy my mother a plane ticket? Does the plane ticket itself have to be in my name? Thanks, obviously I'm a newbie. 😁
No the points just act like cash you spend it how you want and on who you want.
@@jonathanjones7681 If I don't have enough points to book a certain ticket for example, could I use the credit card to pay the differences?
@@thienhoac1187 from what I remember it depends on the company. Southwest allows this I think others may not. So check the airline before you make a purchase.
Not sure why, but I applied for the Uber card some time ago and still have a combined credit line below $2k and its hardly enough to cover all my expenses when traveling. I pleaded with Barclays but with the oldest card being 2 years old and a less than $1k limit they were hard pressed to give me any more. Any tips without asking for a likely unsuccessful hard pull?
Make multiple payments through out the for a few months and show them that a higher limitation wouldn't be hard to handle
@@2689vjavier problem Is Is that I do not spend that much monthly at all. It's once every other year do I purchase a $5k plane ticket for a 2 week stay in Europe. (For me and my S.O. to see family)
@@waddoo1234 after an year of history I couldn't imagine them saying no or prepay the difference ahead of time. That's what I do when I have unusually large charges coming up
Either wait or grab a different travel card? :)
In your opinion what would be the best cash back card and best point card with no fees
YMMV. I would watch more videos (there's way too much info to compact here).
I like my BoA cash rewards card. 3% back on the items you choose
Thats not wood hahahaha😂
😂
I just did a balance transfer to Uber card at 0% for 15 months. Transfer fee was 1% of balance! Love the Uber card!
That's sweet! I've been looking into one of these cards too
Don't let the pesky fireworks ruin your flow, Sebastian!
If you travel for business and your employer pays all of your travel expenses - can you still get value from personal Travel Cards?
Use your personal card and get reimbursed? That's how most consultants get a ton of points.
Alternatively, cards give you status = make your experience more enjoyable.
@@AskSebby If I don't have enough points to book a certain ticket for example, could I use the credit card to pay the differences?
Uber Card is a beast for a free credit card. Glad you mentioned it
I can't justify it personally. I would need to spend $100,000 to get $4,000 in value. YMMV as always :)
Ask Sebby To be fair, the majority of Americans do not & will not apply for credit cards as consistently as you and I. Those sign up bonuses on the premium cards are just initial bonuses. After the first year the Uber card is a strong competitor!
@@terrencetroope Do you apply for credit cards every 3-6 months or 1-2 years? Would you mind explaining your logic behind you time tables please? I have taken out time to research timelines and credit report, however, I have noticed/realized many inconsistencies.
Dar Red one main reason I apply for some almost every year is one for the usually sign up bonus and as well for the 12 to 15month 0% apr cards
Dar Red are you in the military?
Can you show a little more on the math? Maybe a follow up video showing the math for a lot of different cards?
The idea is to help people think about this themselves vs. running through every single card.
card a = card b
solve for x
Stresses me out that you’re so far away from the camera
So glad you changed your general format after this😅
I received a target offer for 70k points for 2k spend.
do you have a referral link for that offer?
Me too. I plan on applying in February since that's when my offer expires.
Where is he at?
hotel
Miatale is endowed with powers and abilities far beyond those of mortal detectives
Earth
Travel 👍
Cool cool cool
Travel💗
was he making anyone else nervous standing up, or was it just me?
I was the 420th liker of this video
duuuuuude
First!!!