The Only 5 Credit Cards You Need in 2024 (A Winning Strategy)
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- čas přidán 26. 06. 2024
- Here are the 5 credit cards you need this year to make a winning credit card strategy! I’ll give you options for cash back and travel points so you can pick what’s best for you. Click “Show More” to see Ad Disclosure.
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00:00 - Intro
1:45 - Credit Card 1 (Transportation)
5:09 - Credit Card 2 (Food)
10:09 - Credit Card 3 (Entertainment)
11:37 - Credit Card 4 (Online Shopping)
13:49 - Credit Card 5 (Other)
Tired of juggling a bulky wallet full of credit cards? This video simplifies your financial life by exploring just 5 powerful credit cards you could utilize in 2024 to maximize rewards on everyday purchases. Whether your goal is travel rewards or cash back, these carefully chosen cards offer a streamlined approach to potentially earning TONS in rewards this year.
This video curates a manageable selection of 5 credit cards from leading issuers like American Express, Capital One, and Citi so you can get exposure to the best rewards currencies on the market. We'll delve into the key rewards and benefits of each card, helping you identify the ones that best align with your spending habits and reward preferences.
For transportation, I recommend looking into the Amex Blue Cash Preferred and Citi Custom Cash.
For food, I recommend looking into the Capital One SavorOne and Amex Gold Card.
For entertainment, I recommend looking into the Capital One SavorOne and Citi Custom Cash.
For online shopping, I recommend looking into the Amex Blue Cash Everyday.
For other categories, I recommend looking into the Citi Double Cash and Capital One Venture X.
💳 View Mark’s Top Credit Cards: markscreditcards.com/offers
Disclosure: The thoughts, opinions, and information presented are those of the creator. This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com, YourBestCreditCards.com, and others. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Mark Reese is not a financial advisor.
#creditcard #creditcards #bestcreditcards - Jak na to + styl
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Both my husband and I got MaxRewards and used your code. :) Thank you!
@@chandellemarie4882 - Fantastic! Hope you both find value in it & thank you for using the code!
Thank you for the video, Mark. I got into the credit card game about two years ago and have learned a great deal from you. I've noticed that lately you no longer end the videos with the 'Always remember: You are great!' tagline. I always thought that was a nice touch. All the best.
Great that you got into the rewards game! 💯 The "you are great" tagline was left over from when I also did personal development videos on the channel. Since I didn't pursue that route, I decided it was time to remove that since it's unrelated to credit cards / finance.
@theReal I agree...loved the tagline and the positivity behind it!
Interesting new uploads. Thank you
You bet! 💯
My suggestion for new people is to look at your lifestyle, and decide which rewards eco system matches it. Then stick to it.
Great video Mark 👍
Thanks 👍
I could listen to this man all day 😏
I appreciate how Chase isn’t included especially since most people don’t get them in part because of the 5/24 rule. The same can be said for some US Bank cards which are great imo but hard to acquire.
Thank you for this lineup 🙏🏼
Something new for 2024 😬
Glad you found the video helpful!
Costco Citi card crushes most of these with 4% back on gas, 3% back on dining and travel and an effective 4% back on Costco purchases which are already a great value.
Most cards that shove you to their own storefront to purchase things for big cash-back inflate prices through them anyway.
For cash back, the Costco Anywhere Visa is excellent 💯 Not for travel though.
Agreed in part. If I had to pick only one card and was already a Costco member, that card would be the winner.
However, with some others in my lineup that cover categories better, I only use it for gasoline purchases.
💯 all good cards
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I’m not even kidding. I’m literally running the travel setup in my wallet right now. Really trying to hone in my points and miles skills.
Well done! ✈
Hmmm. Five cards. That’s the exact number I decided to pair down to this year. The only two cards I carry in my wallet are the Capital One SavorOne and Venture X. Those are my “daily drivers”. Takes care of Groceries, Dining, Entertainment and all of my non-bonus category spending. The Citi Custom Cash Card resides in my vehicle as my dedicated fuel card, but mostly does its job through my fuel app. The US Bank Cash+ card remains on the Home Utility, Streaming, and ISP categories, and does its 5% job strictly from home. And the Chase Amazon Prime card also works mostly from home for online shopping, but pulls double duty as my emergency backup travel/suitcase card in case my wallet goes…missing. Much more streamlined then chasing the rotating categories every quarter.
Great card choices! 💯
I personally dig the choice in instrumentals! but I would say the volume could be turned down a bit more to make more the background so it doesn’t overtake the gems of knowledge you’re putting down
Good feedback, thanks 👍
Great simple strategy. My 5 credit card lineup is the Amex Platinum - Travel, Amex Gold (Food), AA Citi Exec Card (American Airlines), Hilton Aspire Card (Hilton hotels) and Bilt (Pay rent) ... Covers everything I need!
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That does look like a great setup! How do you book the flights? Through Amex or AA?
This is a really good video. I would say that the Amex Green Card has the multiplayer in the travel side for transit restaurants and travel, its a shame that the AF it's hard to justify, hopefully gets a refresh this year. Im on the travel side but I can't justify the amex Gold with those credits that I don't use, that's why I have BCP transit streaming and grocery, bilt rent and restaurants, BofA online shopping (thinking in BCE) and my next step it's going for the Venture X. I enjoy your videos with or no music, the content is the most important thing. Thanks.
- i wish the green card offered a gas category
Thanks Ray! Yep the Green Card also had excellent multipliers despite the annual fee.
Great video as usual. Can u tell me your opinion of the absolute best card to use for grocery shopping
There isn't 1 that's ideal for everyone. Some people want cash back, others prefer travel rewards, some shop at actual supermarkets, some shop at department / discount stores (Target, Walmart), some shop at warehouse clubs (Costco, BJs, etc.), and so on.
All of those variables may require a different card choice.
Only cards you really need imo: Venture X, Citi Premier, Custom Cash (x2 if you have a partner), freedom flex (x2 if you have a partner) and sapphire preferred.
Great picks!
Yep
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Online shopping: BoA customized cash rewards
Great card for that!
Have you done an in depth citi credit card breakdown? Like what cards you need combined if they are the only ones you have?
Not yet 👍
5 is still a lot of cards for the average person...
But for rewards maximizers...
5 leaves them wanting more 😄💳
True 😂
Can’t wait for my next card. Being in the game is addictive. 😅
I know that feeling 😄
Hey, Mark! I have a question that’s above my expertise. I get out of 5/24 jail this month and still need the CFU. I remember when I first got the CFF that the 5% intro offer on gas stacked with the quarterly category for 9% total. Do I have the option to product change my existing flex to an unlimited and apply for a new flex to get the existing bonus on it? The Flex ironically is the card that turns two years old
Yes, you can product change your existing CFF to a CFU, then get the CFF again.
However, you'll want to make sure 24 month have passed from the time you _received the CFF bonus,_ NOT 24 months from when you opened the account.
Additionally, that stacked type of bonus may have further implications. Read this: monkeymiles.boardingarea.com/chase-24-month-rule/
Hi, love your videos! Help me with this? I was denied 3x in the last 10 months applying for my first AMEX, my score is 700. How long should I wait to try again? Is there a maximum tentative police? I only have two credit cards, Discover & Capital one.
1. Did you learn the reason(s) for the denials?
2. How long ago was the most recent denial?
3. How old are your other 2 cards?
Currently have 5 of the 7
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Great video, I totally disagree with the BCP for travel though the opportunity cost becomes immediately apparent since the BCE has Gas in addition to Online shopping
Why not just get a card with a dedicated 3% Travel Category that includes transit like the BofA Customized Cash, or a no AF card that does 3% both Gas and Transit like the WF Autograph?
What do you mean by disagreeing with the BCP for 'Travel'? I didn't mention a 'Travel' category on any of the cards because that's not a monthly expense for most people.
Sorry you're correct, some other cards will include the transit categories under the travel umbrella, what I meant is the following 3 cards all earn 3% back in the following similar categories
BCP - taxi, rideshare, parking, tolls, trains, buses, and more
BofA CCR - taxi, rideshare, parking, public transit, etc
WF Autograph - taxi, rideshare, parking, tolls, subway, trains, etc
But only the Blue Cash Preferred has an annual fee, my point was why recommend the card with an annual fee over the free options, given that this setup of cards that are supposed to work together, will already have a 3% Gas card from the Blue Cash Everyday
@ot - The BOA CCR can do 3% on Gas - or - Travel / Transit ... not both at the same time, so that one is out.
I could've gone with the WF Autograph for Gas + Travel / Transit, but I actually forgot about it during the making of the video. Mistake on my part ✌
That said, the BCP is still great as it includes a grocery category (6%) as well as the Amex Offers program. Together, that could help people consolidate cards further as well as stack rewards for greater value.
That said, if I were to redo the video, I might choose the WF Autograph over the BCP for Transportation. Good catch! 💯
Every single person that talks about the savor one excludes that it doesn’t earn 3% on waltmart target sams etc.. but it just depends what you have around to do your groceries
That's because those stores aren't grocery stores. You can buy groceries at them, but that doesn't change their primary business model as a retail / discount / superstore.
Amex business gold probably should be on that list for travel side
A good fit for select people, but not for the majority.
@@MarkReese Pick two of 4x electronics, 4x gas, 4x transit, or 4x restaurants. Is kinda perfect card for multiple categories of your list. But business cards not for everyone.
My 3 card pic would be, Venture x for lounge access and 5X flight points, Charles Schwab ATM card for free ATM's world wide and a 2% cash back on everything card (like the new WF card). That's all I'd need.
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I totally forgot the BCP had a transit category since i only use mine for groceries or streaming! 🤦🏻♂️😁
Surprise 😄
I am counting on Autograph new cards to take online shopping into account.
Hope so!
Literally resisting the urge to apply for a new card because i’m waiting in Autograph Journey news
What data points do you need to get approved for Citi custom
Best to search online 👍
I was wondering do any credit cards show what your credit limit will be before you accept there card while applying. I currently have two us bank and one is $7,000 and the other is $5,000. Im looking for a card with $10,000 credit limit or above.
Almost never. The Apple Card does, though. That said, applying for a Visa Infinite card should give you at least $10K for the limit if approved.
The Amex Gold 4x with increased AF seems so bad now compared to the SavorOne with no AF. I can't justify that 1% difference.
For people who travel less than 4 times a year I don't see how any Amex card is worth the AF after SUBs.
Capital One dual setup with Venture X and SavorOne hits the sweet spot for majority of people. Unless their preferred transfer partners don't exist in the Capital One ecosystem.
Side Note: Capital One Offers and Capital One Shopping is hella underrated.
The C1 SavorOne is a really strong alternative to the Amex Gold Card 👍
Yep, the additional portals can be great!
Could you give examples of why you think the Capital One offers and shopping are underrated? Been shopping my next card - currently have Amex Skymiles Platinum and am looking to supplement with a cash back card.
@@ashleabiggers9471 YMMV, but if you have an Amex card, I highly recommend using Rakuten to shop and link your Amex card with them. I rarely shop at Amazon and directly buy from the online retail store as they often gets higher "cash back" or "points".
The example works for both C1 Offers/Shopping and Rakuten for Amex. I bought some snowboard gear from Backcountry and they had a 10% Cash Back promo. I spent around $800. And not only I got $800 x 2% cash with my Amex BBP I also get the $800 x 10% which gets distributed by Rakuten quarterly. Which equates to close to 10000 points.
I say that C1 offers/shopping is underrated because they work similarly to Rakuten with less AF compared to other Amex cards with AF except the no AF Amex BBP which still earns points like other Amex cards.
Ultimately, I don't put as much priority for hotel statuses or airline statuses through CC as other travelers may do and because of that I think C1 gives really good value with Priority Pass and the lower AF total for their ecosystem.
I don't travel, but for streaming, groceries, and local transit/tolls, the Amex BCP is all worth the AF.
Hi I have a question 🙋♂️ I just paid off my credit card of 15k and my score went up 44 points if I apply for a new card do credit card companies care if my score just went up a few days ago or do I need to wait for my credit score to be at this new higher number for a few months for it to actually matter bc I was like 720 for a few years and now it’s 808 and I want the 808 to matter. Thank u to any help before I try applying 🎉
As long as your report reflects the higher score, that's what the banks will see 👍 Just realize different reports from different bureaus may show different scores.
Example: If your score went up by 44 points when you saw it on Credit Karma (which uses the VantageScore model), that does not necessarily mean your FICO score changed by the same amount.
@@MarkReese I swear mark I love you iv watched your videos for years and honestly can’t imagine you not helping the world the way you do just wanted to thank you for the passion love care and everything else you put into these gems!! iv watched so many of them a few times infact and so many I can’t wait for you to update 🙌 because they are perfect but anyway ok i will start then after i pay for myfico to see what everything looks like 👍
@@ChaoSasuke - Glad to hear the content has helped you in a big way! 💯
Do you have any Amex cards? If so, you should be able to see your FICO 8 Score via Experian for free: www.americanexpress.com/us/credit-cards/features-benefits/free-credit-score/
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You only put so much spend on different credit cards. I been streamlining my credit cards arsenal that make sense and value.
That's right 👍 Good to simplify.
is the a 5 credit card rule for chase credit cards ? if I recieved more than 5 cards in the last year and have excellent credit I will still be declined for a chase credit card?
Yes. You can learn more here: czcams.com/video/muJEN8C86JY/video.htmlsi=yQujKwQ_9z7xv8h1
@@MarkReese thank you for the reply and the information
Your CZcams channel is awesome
I don’t need five card in 2024, but a beautiful girlfriend and money
😄👍
😊
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Cancelled my amex gold I no longer get value from it
What are you using instead?
@@MarkReese I've been using my capital one savor card. For now until something else better comes along
Agreed the value of the Amex Gold is upside down. And the restrictive coding of restaurants does no favor.
So no chase cards huh?
Nope 😬
Maybe a video on why you think that Chase is not as good. Cause I would be very interested in that. @@MarkReese
Is there a specific reason no Chase? Is it just simply already have better and not needed? Or did you avoid for a reason?
@@MarkReese
I honestly only get hard when we start talking about business cards nowadays. Sorry, Mark
No suggestive references on the channel please.
first
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No Chase cards 😮
None 😬
@@MarkReese 😩😭🥺
Music is distracting. Maybe turn it down?
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ridiculous PAYING all those fees, a total scam for the average person.
Capital One SavorOne = $0
Citi Custom Cash = $0
Amex Blue Cash Everyday = $0
Citi Double Cash = $0
Amex Blue Cash Preferred = $95
Citi Premier Card = $95
Amex Gold Card = $250
Capital One Venture X = $395
^ Very easy to choose 5 of these cards and pay a total of $95.
Also, if you want a $0 fee setup, just use Mark's cash back setup but replace the Blue Cash Preferred with the AAA daily advantage. It's actually a better card unless you make good use of the Disney streaming credit on the BCP.
The BCP $95 AF is well worth it. Combined with 4 of the $0 fee cards is a good setup, especially if you don't travel much.