You Only Need These 6 Credit Cards | Summary and Q&A

TL;DR

Discover the perfect combination of credit cards that offer maximum cash back rewards across various spending categories, while keeping annual fees low.

Key Insights

• ⌛ The Capital One Savor One Card offers valuable cash back rewards and a limited-time promotion for Uber purchases.
• 💳 The Chase Freedom Flex Card is a gateway to the Chase ecosystem, providing access to a range of credit cards and benefits.
• 🍽️ The American Express Gold Card is ideal for food lovers, with dining credits, high rewards on groceries and dining, and valuable membership reward points.
• 🫢 The American Express Blue Cash Preferred Card offers high cash back rewards on groceries, streaming services, and gas stations, with a zero-dollar introductory annual fee.
• 👻 The Built MasterCard allows you to earn cash back on rent payments and offers rewards on dining and travel, with excellent transfer partners.

Transcript

I know there's a lot of credit cards out on the market but don't worry I've gone ahead and put together the perfect formula on these six essential credit cards that can benefit nearly every single person watching with this lineup you'll have the perfect combination of maximizing your cash back rewards across a variety of different spending categori... Read More

Questions & Answers

Q: What makes the Capital One Savor One Card a great beginner credit card?

The Capital One Savor One Card offers 3% cash back on dining, entertainment, and popular streaming services, along with a 10% cash back on Uber and UberEats purchases. It also has a limited-time promotion for a free Uber VIP membership.

Q: How does the Chase Freedom Flex Card serve as a gateway to the Chase ecosystem?

The Chase Freedom Flex Card allows you to earn 5% cash back on rotating categories, including Amazon purchases and Lowe's. By building a relationship with Chase through this card, you gain access to other valuable Chase credit cards and benefits.

Q: What are the main features of the American Express Gold Card?

The American Express Gold Card offers $120 in dining credits, 4x points on US supermarkets and dining out, and a welcome bonus of 60,000 membership reward points. It also provides additional benefits like access to the American Express Hotel Collection program.

Q: How does the Built MasterCard work for paying rent and mortgages?

The Built MasterCard allows you to earn cash back on rent payments by requesting a rent payment via the app, which then mails a check to your landlord. It also offers rewards on dining, travel, and has excellent transfer partners.

Summary & Key Takeaways

• The Capital One Savor One Card offers 3% cash back on dining, entertainment, and popular streaming services. It also provides a 10% cash back on Uber and UberEats purchases until November 2024.

• The Chase Freedom Flex Card offers 5% cash back on rotating categories, including Amazon purchases and Lowe's. It serves as a gateway to the Chase ecosystem, offering valuable rewards and benefits.

• The American Express Gold Card provides $120 in dining credits, 4x points on US supermarkets and dining out, and a welcome bonus of 60,000 membership reward points. It is ideal for food lovers and frequent diners.

• The American Express Blue Cash Preferred Card offers 6% cash back on US supermarkets (up to $6,000 per year) and select US streaming services, along with 3% cash back at US gas stations. It has a zero-dollar introductory annual fee for the first year.

• The Built MasterCard allows you to earn cash back on rent payments and offers additional rewards on dining and travel. It has excellent transfer partners and no annual fee.

• The Chase Sapphire Preferred Card offers 5x points on travel, 3x points on dining and select streaming services, and a welcome bonus of 60,000 points. It is a beginner-friendly travel credit card with flexible redemption options.