What is best cash rewards credit card
I found the BEST Cash Back Credit Cards
what's of you guys it's Graham here so
after the recent popularity of the Apple
credit card video it came to my
attention that a lot of people were
focusing on the 2% cashback on the
products purchased through Apple pay and
then also focusing on the 1% cash back
on everything else which let's be honest
here is not the highest out there so
when it comes to using a credit card to
get cash back I felt like it was worth
making a dedicated video to go over the
best highest cash back credit cards
currently available some of these are as
high as 5% cash back which is
significantly higher than just about
anything else that's currently available
and with this video I'm really just
going for simplicity I've done so much
research on these credit cards and I've
weeded out the ones with any sort of
weird spending requirements crazy annual
fees or super obscure revolving
categories these options are really
meant for someone who wants to put the
least amount of work in possible the
least amount of thought possible in a
way that is not going to be totally
confusing and no for anyone curious this
video is not sponsored by any of these
cards I had no financial incentive if
you get one of these cards or not I had
none of my own referral links in the
description to any of these cards so I'm
not biased either way if you decide to
get the card or you don't it does not
matter to me whatsoever all I'm asking
for in return is that you stick it to
the banks and you take their money for
free and of course you also smash that
like button if we can do both of those I
would be very happy and really quick I
just want to say a huge thank you and
shout out to a Reddit user on personal
finance known as jack frist
who really inspired this idea and got me
to make this video only to his reddit
thread down below in the description for
anyone who wants to check that out and
read it because I would highly recommend
doing so and of course with that said
let's get into the video number one the
first card that you should consider is
the Capital One Quicksilver now the
really great thing about this card is
that they only have an annual fee of $0
and also they have a foreign transaction
fee of $0 and also they will charge you
zero dollars in interest in the first 15
months now of course all of this is
really really good but it does get a
little bit better because in addition to
charging you zero dollars for using the
card you're gonna get one and a half
percent cash back on everything that you
buy and what
this card you're never gonna have to
worry about maxing out tears or
revolving categories or having to figure
out like which card to use for what this
is straight-up super easy just one and a
half percent cash back on everything and
the other really good thing about this
card is that they will give you back a
hundred and fifty dollars when you spend
$500 on the card within the first three
months now the second option is a lot
like the first option I just mentioned
except with a little twist to it and
this would be the chase freedom
unlimited in fact this credit card is
almost completely identical to the
previous one because you will get a zero
dollar annual fee you'll also get the
same one hundred and fifty dollars back
when you spend five hundred in the first
three months you'll also get the same
one-and-a-half percent cashback but
there are some slight differences with
this card that could make it just a
little bit better than the previous one
here's why if you happen to already have
the Chase Sapphire reserved you're able
to transfer points and rewards between
credit cards this basically just means
that you could transfer your
one-and-a-half percent cash back on the
chase freedom over to the Chase Sapphire
Reserve and then when you book travel
through the Chase Sapphire reserve they
give you a 50% bonus this essentially
just makes the chase freedom unlimited
worth 2.25 percent cash back when
redeemed for travel through the Chase
Sapphire reserve now the only downside
when doing this is that you'll need the
Chase Sapphire Reserve which I don't
recommend you get unless you're really
going to be doing a lot of travel and if
you don't really use those perks and
benefits of that card they'll probably
just go to waste
but if you are the type to go and travel
and you'll really use the benefits and
perks of the card then that combo
between the two can work really really
well so now number three things are
heating up a little bit offers are
getting a little bit better and with
that we got to talk about the HSBC cash
rewards MasterCard okay so here are the
basics when it comes to this card and it
seems like all of these companies just
watch what each other is doing and then
just copy each other because this one
also has an annual fee of $0 it also has
a foreign transaction fee of $0 it also
charges you $0 in interest in the first
15 months and they also offer you the
exact same
150 dollars cash back except you have to
spend $2,500 to get that which is a lot
but here is why this card is just a
little bit better even though this card
gives you the standard one-and-a-half
percent cash back they will give you a
ten percent anniversary bonus on your
cash back when you've had the card for
one year so that essentially just makes
this card worth one point six five
percent cash back on all purchases no
matter what which is better than the
previous two but not as good as this one
because now we got number four and this
is probably one of the most popular ones
on the entire list that everyone just
loves to have and that would be the city
double cash rewards card
now just like the other cards I
mentioned this one has an annual fee of
zero dollars but where it gets really
good is that this gives you two percent
cash back on all purchases it gives you
one percent cash back when you buy
something and then another one percent
cash back when you pay it off now this
is just a really easy straightforward
simple free two percent cash back
purchase on everything card however this
is still not the best one on the list
and there are some downsides of this one
number one downside is that they charge
with foreign transaction fee of three
percent which is not the end of the
world but hey you know if you don't have
to pay that three percent you don't have
to pay it anytime you travel
internationally
now the next downside with this is that
they don't offer a sign up bonus like
the other cards do so you're not getting
any cash back or anything just for
getting the card but still overall just
getting free 2% cash back on everything
is awesome but the reason this is not
the number one on the list is because I
found one card that no one really talks
about that's a lot better than this card
and that's because the card that barely
beats that is the fidelity cash rewards
Visa signature card now here's why this
credit card is so good just like the
last ones it has an annual fee of zero
dollars and instead of having a three
percent foreign transaction fee it only
has a one percent foreign transaction
fee it'll also give you a bonus of one
hundred dollars when you spend a
thousand dollars in the first three
months and best of all it'll give you
two percent cash back unlimited on
everything when you deposit that money
back into a fidelity account so it's
pretty much just as easy as that and you
get $100 back just for signing up for
the credit card and spending the
thousand dollars in the three months
however it doesn't end there because now
we can get into a few more niche options
that are even better with just a few
fine details and with that one we have
the Alliance Visa signature card and
this card is insanely good and here's
why in the first year you have no annual
fee you also have a zero dollar foreign
transaction fee and also in the first a
year they will give you a limited three
percent cashback on it everything just
imagine getting three percent cash back
on everything no matter what you buy
without even thinking about it for free
without any money out of pocket this is
a really good card
however the only downside with this card
is that after the first year there's a
fifty nine dollar annual fee and also
the cashback drops from three percent
down to two and a half percent so this
card is really only worth keeping if you
spend enough money in the card to wipe
out the $59 annual fee or you cancel the
card after the first year but I have to
say in the first year this card is
absolutely incredible to get but you
know what I have to say I think we could
do slightly better than that card
believe it or not if we go a little bit
more niche and that would be this the
uber Visa Card
that's that's right uber now the reason
I like this card so much is that the
annual fee is $0 so of course it's a
free card but what gets even better is
that they give you four percent cashback
on dining three percent cashback on
travel two percent cashback on online
purchases and 1 percent cash back on
everything else and you'll get all of
that with a 0% foreign transaction fee
but still even with that credit card I
think we could do maybe slightly better
than that depending on how you spend
your money and that would be the Amazon
Prime rewards card now this one is
really good for a few reasons number one
zero dollar annual fee number two zero
dollar foreign transaction fee and
here's the big one if you do a lot of
shopping on Amazon like I do you'll get
five percent cash
on all purchases so it's pretty much
like you're automatically just always
getting a 5% discount on anything you
buy through Amazon just for using this
credit card and if you're anything like
me you end up doing a lot of spending on
Amazon Prime on just necessities to
avoid leaving the house so you may as
well just take the 5% discount just
because you don't want to leave extra
money on the table cheese and of course
this video keeps going it's just like
this Energizer battery that will not
stop because now I have an honorable
mention it could be even better than the
Amazon Prime one again depending on how
you spend your money here's an honorable
mention and that would be the Costco any
work hard and the only reason for this
$0 annual fee and you get four percent
cashback on gas except this car doesn't
really benefit me anymore because they
don't spend any money on gas because I
got a Tesla link to that in the
description but for all of you gas
guzzlers out there this is you can you
can get four percent cashback and by the
way so no one gets triggered I'm kidding
on the whole gas guzzler part there's a
Lotus Exige so that's parked like right
here off camera so I still do go to the
gas station I try to be funny sometimes
in a not so just bear with me so anyway
with that said before you click out of
the video just summing things up here my
number one recommendation here would be
the Alliance credit card in the first
year for the unlimited three percent
cashback then after that one the
fidelity card would actually be my
number one choice for two percent
cashback unlimited on everything else
and then if you're feeling a little
crazy and a little adventurous get four
percent cash back with the uber card on
dining and then also five percent
cashback with the Amazon Prime card on
Amazon and again these rewards are
really perfect for someone who wants the
bonuses and benefits of using credit but
who doesn't really travel enough to take
advantage of the high signup bonuses for
people who might want to redeem that for
travel so for everyone else then
cashback is the next best to get and
this will give you the most money back
in your pocket at the end of the day for
free just forgetting the card and
smashing the like button so with that
said you guys thank you so much for
watching I really appreciate it if you
haven't already subscribed just make
sure to smash that subscribe button it's
absolutely free to do and takes you one
second to do that all
so hit that notification bells - YouTube
can notify you anytime I post a video
which is three times per week also feel
free to add me on Instagram I post there
pretty much daily so if you want to be a
part of it there feel free to add me
there thank you again for watching and
until next time
