What Are the Best Credit Cards to Get in 2021?

TL;DR

The best credit cards for 2021 include the Citi Double Cash Card for starters, Chase Freedom Flex for cash back, American Express Blue Cash Preferred for groceries, American Express Gold for dining, Chase Sapphire Preferred for welcome bonuses, American Express Platinum for travel, American Express Blue Cash Everyday for zero percent interest, and the American Express Blue Business Plus or Capital One Spark for business. Each card excels in specific categories based on consumer needs and rewards.

Transcript

so here in my hand i have two very full credit card binders now over the past few years it took me a while to accumulate this collection that you see right here and over those few years i had to go through hours upon hours of research every single day trying to figure out the good credit cards the ones i need and even the ones that are bad and the ... Read More

Key Insights

• 💳 Credit card research can save time and effort in finding the best credit cards for one's needs.
• 💳 Accumulating credit card points can lead to significant value without additional work.
• 💳 Different credit cards excel in specific categories, such as starter cards, cash back cards, grocery cards, dining cards, welcome bonus cards, travel cards, zero percent interest cards, and business credit cards.
• 💳 Credit card recommendations are based on factors like approval rate, cash back rewards, welcome bonuses, and additional benefits.
• 💳 Each recommended credit card has its own credit score recommendation and unique perks.
• 💳 Consumer credit scores and approval rates can vary based on personal credit profiles and current market conditions.
• 💳 Researching credit card options and understanding their benefits can help consumers make informed decisions and maximize their credit card rewards.

Questions & Answers

Q: How can credit card points be used to accumulate significant value?

By using credit cards for everyday purchases and understanding the benefits, consumers can accumulate points that can be redeemed for free benefits and rewards, which can add up to thousands of dollars in value over time.

Q: What is the best credit card for someone who is just starting out with credit cards?

The recommended starter card for 2021 is the Citi Double Cash Card, which offers an easy-to-use credit card with a high approval rate, no annual fee, and 2% cash back on all purchases.

Q: Which credit card offers the best cash back rewards?

The Chase Freedom Flex Card is recommended as the best cash back credit card for its 5% cash back on rotating categories, 5% cash back on Lyft rides, 3% cash back on dining and drugstore purchases, and 1% cash back on all other purchases.

Q: What credit card is ideal for grocery purchases?

The American Express Blue Cash Preferred Card is recommended as the best grocery card, offering 6% cash back at US supermarkets, 6% cash back on select US streaming subscriptions, and 3% cash back on transit, among other benefits.

Q: Which credit card has the best welcome bonus?

The Chase Sapphire Preferred Card is highlighted as the credit card with the best welcome bonus, offering 60,000 points after spending $4,000 in the first three months, which can be equivalent to $1,200 in value.

Q: What credit card is recommended for dining out?

The American Express Gold Card is suggested as the best dining credit card, offering 4x points on restaurants, 120 dining credits for selected establishments, and various other perks and benefits.

Q: What credit card has a 0% interest rate?

The American Express Blue Cash Everyday Card is recommended as the best zero percent interest credit card, offering 0% intro APR for 15 months, along with cashback rewards on supermarket, gas station, and department store purchases.

Q: What is the best credit card for business purposes?

The American Express Blue Business Plus Card or the Capital One Spark Card are recommended as the best business credit cards for their high approval rates, benefits, and rewards programs.

Summary & Key Takeaways

• The video discusses the importance of credit card research, highlighting the speaker's personal experience in accumulating credit card points worth thousands of dollars.

• Seven top credit cards are recommended, each with its own category dominance, including a bonus recommendation.

• The recommended credit cards are the Citi Double Cash Card (starter card), Chase Freedom Flex Card (cash back card), American Express Blue Cash Preferred Card (grocery card), American Express Gold Card (dining card), Chase Sapphire Preferred Card (welcome bonus card), American Express Platinum Card (travel card), American Express Blue Cash Everyday Card (zero percent interest card), and American Express Blue Business Plus Card/Capital One Spark Card (business credit card).